AC Hotel developer scores $35M construction loan in Aventura
The developer of the AC Hotel by Marriott in Aventura obtained a $35 million construction loan. Wells Fargo Bank awarded the mortgage to Norwich Aventura II, an affiliate of Sanibel-based Norwich Partners of Florida led by David Leatherwood. It acquired the 1.9-acre site at 20805 Biscayne Blvd. for $9.4 million in December 2014.
HSBC building in Miami Beach sold for $21M
The HSBC office building in Miami Beach sold for $21 million to deliver a nice profit for a group that bought it out of bankruptcy two years ago. Netz Bonds Miami-HSBC, a New Haven, Conn.-based company managed by Menachem Gurevitch sold the 39,638-square-foot office building at Arthur Godfrey Road to Caton Owner. The buyer…
Office building in Miami’s Upper Eastside sold for $11.5M
An office building in Miami’s Upper Eastside neighborhood sold for $11.5 million. Sunset View Office Tower LLC, a Spring Valley, New York company managed by Pablo Umansky, sold the 37,926-square-foot building at 4700 Biscayne Blvd. to MGB Biscayne Blvd. Corp. The buyer is based in Miami Beach and managed by Mairim…
Former Bertram Yacht facility on Miami River sells for $35.5M
The former Bertram Yacht headquarters and marine service center on the Miami River was sold for $35.5 million.
The yacht builder left the site in 2012 and relocated to Merritt Island. It’s been searching for an anchor tenant since. MMM Northwest 37 LLC, an affiliate of San Francisco-based Alecta Real Estate Investment, sold the…
Weston Corporate Center sold to KBS for $47M
KBS Realty Advisors acquired two Weston Corporate Center buildings in Broward County for a combined $46.75 million. BlackRock Realty Advisors affiliates SC Commerce and SC Weston sold the office buildings at 2700 S. Commerce Parkway and 2500 Weston Road to GK Weston Corporate Center, a subsidiary of Newport Beach…
First major new condo coming to Miami’s MiMo district
Miami’s trendy MiMo neighborhood could soon have its first major condo project in the recent boom cycle as the 64 Park Place building has launched sales. Argentina-based Vitrium Capital plans to build 68 units and 2,324 square feet of retail in the building at 6443 Biscayne Blvd. It will have two- and three-bedroom condos plus…
Coral Gables seeks long-term traffic fix
Coral Gables has requested qualifications of firms interested in conducting a city-wide ten-year multi-modal transportation plan. The request notes that the city’s geographic position as a “transportation linchpin between the City of Miami to the north and east and the rest of the county…
Aged Tamiami Swing Bridge to be replaced, moved elsewhere
A deteriorating bridge that’s eligible to enter the National Register of Historic Places would be added to Miami-Dade County’s Economic Stimulus Program under a resolution due to come before county commissioners Sept. 1. The Tamiami Swing Bridge on Northwest South River Drive at the Dela…
Coconut Grove tourism rebounds
Anecdotally, there’s no shortage of tourists stepping off the big red bus touring through Coconut Grove. There’s also no shortage of visitors dining at the Grove’s restaurants, shopping at its stores, staying at its hotels and attending its events, locals say. It was a Monday after…
633 rental units near Miami River advance
A large development that would include hundreds of multi-family apartments promises to breathe new life into a neighborhood near the convergence of the Miami River and Seybold Canal. River Central is a planned mixed-use residential development to include 633 rental apartments in two eight-story…
Three Companies Ink Lease Deals Totaling 134,000 SF At Miramar Park of Commerce
The Park is currently at a record 97 occupied.
Can You Dig It: Miami’s Rail Future Will Disturb Notable Archeological Sites
This must be what it’s like building anything in Rome. According to leading archeologist Bob Carr, via the Miami Herald, All Aboard Florida has wantonly disturbed historic Tequesta archeological remnants near the Little River while making necessary upgrades to their tracks for the…
Rendering Reveals: Touzet Studio Replaces ArtCenter With the Art Deco Glamour of Old Burdines
The ArtCenter South Florida’s former 800 Lincoln Road Building, which originally was Miami Beach’s first Burdines Department Store and only the second store in the former chain’s history, is getting a well-designed restoration and expansion by developer…
Professional Office Building Proposed In South Miami
Going before the South Miami Planning Board Aug. 11, the plan breaks down to 40,740 square feet of medical office, 14,252 square feet of retail, 10,747 square feet of office and a parking garage.
Biscayne Beach developers launch new Edgewater tower
The developers behind Biscayne Beach are launching a new condominium in Miami’s Edgewater neighborhood, The Real Deal has learned. Elysee Residences will be a 100-unit, 57-story waterfront development at 700 Northeast 23rd Street. South Florida-based Two Roads Development, a company affiliated with Eastview Development…