Walmart Gets Approved For Demolition Permit In Midtown Miami, Construction Permit Pending
Walmart appears to be moving forward with plans to build a store in Midtown Miami, despite a pending court case challenging city approval of the store. The company applied for a phased construction permit to build a foundation last week, city records show. Also last week, the city granted approval for a demolition permit for the site.
Soccer stadium play labels ballpark area ‘slum’
Miami-Dade County is being asked to put the ball in play today (10/15) to create a redevelopment agency enveloping Marlins Park and use the agency’s tax proceeds to buy land next door for a soccer stadium that would also house University of Miami football games. The resolution by Commissioner…
668 more residences due for Brickell Key
Miami city commissioners have given preliminary approval to the build-out of Brickell Key, a man-made triangular island at the foot of Southeast Eighth Street. The plan from property owner-developer Swire Properties would bring a new residential tower to the southern corner of the heavily residential…
PNC Bank lends $10.6M to build self-storage facility in downtown Miami
An Illinois developer obtained a $10.64 million loan from PNC Bank to build a self storage facility near downtown Miami. The bank (NYSE: PNC) granted the mortgage to Downtown Miami Storage LLC, managed by Milton Pinsky in Northbrook, Illinois. He’s also the head of national multifamily investor Banner Apartments and Banner…
Assess port’s needs before handing its lands to developers
Revision of PortMiami’s plan for use of its land is getting a vital boost from a county commissioner who recognizes that the current frenzy to hand scarce acres to the highest bidder might ignore the booming seaport’s needs.
Last week commissioners wisely barred measures to commit use of…
Fort Lauderdale Airport To Embark On $450 Million Expansion
The expansion includes an increase of concession space from 2,000 to approximately 34,000 square feet with new restaurants, retail spaces, and an improved duty free store.
Palm Beach Gardens Office Buildings Trade
The buildings last traded in 2011 for $10.1 million.
Hallandale Beach skyline to change with massive Diplomat expansion
A proposal for a massive, four-tower project in Hallandale Beach featuring three hotels, 938 rooms and a 250-unit high-rise condominium under the Diplomat brand will be officially unveiled to nearby residents at a meeting Thursday in the city’s Cultural…
Oftentimes tenants overlook the Relocation Clause when they are negotiating their lease. This isn’t a good strategy these days. As office occupancy continues to improve, landlords are using the relocation clause more frequently to accommodate new or growing tenants to the dismay of their…
Firm Represents Florida Community Bank In Sale Of Investment Building
Timothy Merriman Jr. and Edward Schmidt, CCIM represented the Seller in the transaction.
Miami International Mall scores new stores, restaurants
Miami International Mall is adding several new restaurants and shops, including eateries Café Latino and Pizzeria Rise Pies, and retailers Allegra, Tea Gallery and Vans, the Doral shopping center announced on Tuesday. Also, the teen clothing brand…
MCM lands $128M Fort Lauderdale airport contract
MCM will lead the $128 million expansion of the Fort Lauderdale-Hollywood International Airport, the construction company announced on Tuesday. The project will include the eastern expansion of Concourse G, a new concourse…
Palm Beach Gardens hotel lost to foreclosure
A Hilton-branded hotel complex in Palm Beach Gardens was just sold for $31.4 million to satisfy a foreclosure lawsuit. The suit was first filed in May by U.S. Bank, acting as trustee for Banc of America Commercial Mortgage. It concerns the DoubleTree by Hilton…
$22M Wagner Creek project in Miami closes on financing
Housing Trust Group has closed on financing for Wagner Creek Apartments, a 73-unit affordable housing project in Miami, The Real Deal has learned. The $22 million development, at 1501 Northwest 13th Court, is near…
Walgreens space on Lincoln Road looking for anchor tenant
A prime retail spot on Miami Beach’s Lincoln Road is up for lease, CBRE announced on Monday. The 15,895-square-foot space at 100 Lincoln Road is currently leased to Walgreens. That includes 13,941 square feet on the ground floor with an additional 1,954…
First new Wynwood condo project completed this cycle
The first of what boosters envision will ultimately be a series of new condo towers in the rapidly emerging Wynwood Arts District neighborhood of Greater Downtown Miami has been completed since this South Florida real estate cycle began in 2011. Developed…
Wynwood redevelopment site listed for $22.5M
A pair of industrial properties directly across from the proposed Walmart in Miami’s Wynwood have been put up for sale at $22.5 million. The listing includes two separate properties at 2916 and 2994 North Miami Avenue. Together…