Revenge of the megaprojects: Coral Gables’ Biggest Development Ever Gets First Approval
The Mediterranean Village, Coral Gables’ biggest development project ever, or since the development of Coral Gables itself (which was originally one big development, so there) has received preliminary approval from the city baring a number of revisions to the design. If it receives second approval…
Check out TRD’s new South Florida Market Report
Once a gritty strip pockmarked by motels where prostitutes and drug dealers plied their trade, the Miami Modern Biscayne Boulevard Historic District is now a burgeoning area with new hotels, restaurants, shops and office space. The Real Deal‘s new South Florida Market Report explores the…
Take A Peek At Downtown Miami’s Future Skyline
Miami’s Downtown Development Authority has released a video that provides a glimpse of what the skyline will look like when the current crop of construction projects have been completed. The video helps to visualize the massing of Miami’s evolving skyline by showing buildings that are both proposed and under construction.
Sea level rise in Miami: Dr. Harold Wanless on podcast, “This Can’t Be Happening”
Harold Wanless, a leading climatologist and geologist based at the University of Miami, returns to the “This Can’t Be Happening!” program after a year to revisit his claim that global warming and sea level rise are going to be much more dramatic than the consensus predictions of th…
Development Update: Southgate Towers Phase 1, or the North…
Phase 1, or the North Tower, of the $40 million Southgate Towers renovation has completed. The 1960s-era 242 unit apartment building now includes a new facade, restaurant, yoga studio, and retail space. When completed, the South Tower will have another 253 units.
South Florida’s new condo pipeline moves closer to supply levels of last cycle
What was the total number of buildings and units built during the last boom cycle compared to this cycle for Miami-Dade, Broward and Palm Beach counties? Unlike many of the nation’s largest metropolitan areas, the history of the biggest cities of the tri-county …
Carol City shopping center sells for $7M, developer to raze it
A shopping center in Carol City just traded hands for $7.1 million, and the buyer reportedly plans to redevelop it into a “Class-A” retail center. The Carol City Shopping Center, on the corner of Northwest 27th Avenue and Miami Gardens…
Russian developers pay $10.5M for Denny’s site in Sunny Isles Beach
The Verzasca Group paid $10.5 million for the Denny’s site it’s planning to develop as a 19-story luxury tower in Sunny Isles Beach. The planned development will have 76 units priced from below $1 million…
Wynwood property asks $17M, 5x more than in 2011
$500M mixed-use Coral Gables development gets first approval
A Coral Gables development is one step closer to becoming a reality after a Thursday city commission meeting reportedly gave the project initial approval. The Mediterranean Village, a $500 million mixed-use project to be developed by Agave Ponce, passed its first…
Miami investors get caught up in Cuba’s real-estate revolution, report says
Cuban-Americans from Miami are getting caught up in a real-estate revolution that is sweeping Cuba, The Wall Street Journal reported Friday. Online services connecting foreign buyers and sellers such as Point2Cuba.com are helping some Cubans on the Communist island to accumulate wealth. This is all despite the criminal penalties…
Brickell construction project takes big step forward
A major haul for the 1010 Brickell Condo project as they take a big step in the construction of the soon to be luxury condominium building. Crews working around the clock to fill 5600 cubic yards of cement into a very tight space, a key part of the overall project. Project Executive for Moss Construction Managers, Stephen Chang…