Downtown Miami
Mega-complex seeks PortMiami land
A proposal to put a $240 million maritime center – which would include convention space, a hotel, a yacht marina and related facilities – in the southwest corner of PortMiami could pump $76 million into county coffers in lease payments and taxes over 10 years. Miami-Dade’s Trade…
Brickell apartment tower nabs $40M construction loan
The Brickell Ten apartment tower obtained a $39.7 million construction loan from Ocean Bank. The Miami-based bank provided the mortgage to Brickell Ten LLC, a joint venture between IB Corp. and Bay Harbor Islands-based Waterstone Capital, which is led by Richard Waserstein. Construction of 155 apartments and 13,400 square…
As world trade plunges, Miami’s dips
Due to economic turmoil affecting several key trading partners, international trade has been slow so far this year in the Miami Customs District, which covers airports and seaports from Palm Beach to Key West, said Manny Mencia, senior vice president of international trade & business development…
Key Biscayne retail strip sold for $15M
A strip of retail buildings on Key Biscayne sold for $15 million, or an eye-popping $1,030 per square foot.
Key Biscayne Gateway Partners, managed by Max Puyanic, sold the retail buildings and parking lot at 12 and 24 Crandon Blvd. to ES KB Partners, managed by Eric Soulavy. He also owns the Marina Inn in Key Largo…
Turkish bus manufacturer picks county plant site
A partnership formed to build eco-friendly buses has lined up a Miami-Dade County manufacturing site. Nopetro|OHL, a joint venture of Nopetro and Karsan U.S.A., plans to make cost-efficient buses powered by compressed natural gas (CNG). It has picked a Medley building where it hopes to begin work so…
Ripples from China’s woes swaying Miami
Although Greece’s debt crisis and China’s volatile stock market are phenomena occurring thousands of miles away, Miami’s increasingly global business and financial communities feel the ripple effects of issues toying with the global economy. While the contagion effect by Greece may…
China weakness hurts South America’s growth
Miami’s international trade may weaken in coming months due to plummeting commodity prices, which slid to a 13-year-low this month, according to the Bloomberg Commodity index. As of Tuesday, commodities slightly edged back upward. Miami’s major Latin American trade partners such as Brazil…
HFF Closes $35.5 Million Sale Of Mixed-Use Development Site In Miami
The site is poised to be home to a world-class mixed-use development featuring retail, hotel, residential, office and/or marina uses.
Coconut Grove Office Condo Building Sells For $9.6 Million
Tony Puente of Fairchild Partners and Otto Travieso of Real Capital Partners convinced all office condo owners to unite and sell the entire building.
New Five Star Hotel, Renderings for South Beach’s Shore Club
The historic South Beach mainstay, the Shore Club is going full on Brazilian, first with high style Brazilian designer Isay Weinfeld doing a massive overhaul of the property. Renderings show lots of white, white, white, with little, super-minimalist architectural details, and glimpses of wood…
Port of Miami Development Proposals Revived Yet Again
David Beckham couldn’t get it. Multiple other proposals fizzled out. Now a new developer is hoping to secure a 90 year lease at a fuel spill facility site at the southwest corner of PortMiami to develop a new waterfront expo center, 800 room hotel, marina, and commercial facilities…
Coral Gables Transforming With Mixed-Use Projects
A CREW-Miami panel recently discussed how a booming commercial sector, public art, and pedestrian-friendly developments are all part of the future of Coral Gables.
Ugo Colombo picks up Coconut Grove office condo building
Ugo Colombo’s CMC Group has just bought an office condo building in Coconut Grove for $9.6 million, expanding the developer’s portfolio of income-producing assets, The Real Deal has learned. The building, at 2950 Southwest 27th Avenue, was…
Bay Point development site trades for $6.9M
A home from the 1960s in Miami’s Bay Point neighborhood is headed for redevelopment after it was sold for $6.9 million. The home, which was built in 1963 and measures 4,708 square feet, was sold for its half-acre…
Construction updates for three SoFla projects
As the end of 2015 grows closer, a bevy of new condo projects are breaking ground and going vertical. Check out this roundup of how some of South Florida’s biggest residential buildings are progressing. Construction photos of the One Thousand Museum concrete pour…
Chateau Beach marks 38th new SoFla condo tower completed
Developer Manuel Grosskopf of the Chateau Group has completed the first of at least three new condo projects planned on the barrier island in Miami-Dade County during this South Florida real estate cycle that began in 2011. Transactions in the newly…
Aloft Hotel announced for Aventura ParkSquare
Aloft Hotel is coming to Aventura ParkSquare, developer Integra Investments announced on Tuesday. The Aloft, a W Hotels brand, will feature 207 rooms, an Aloft W XYZ bar and a pool deck. Construction will begin this fall and be completed by the spring…
All Aboard Florida closes on land for Overtown office tower
All Aboard Florida just closed on a $5.4 million land deal to build an office building near its downtown Miami rail station. The development site is a two-acre surface parking lot at 160 Northwest Seventh Street. All Aboard…
This Project is 30 Years in the Making
It’s also one of a very few communities in Miami-Dade county that has been designated as LEED neighborhood thanks to its abundance of public green spaces….
Is This the Answer to Affordable Housing?
MIAMI—Steve Joung, CEO of Pangea Properties, has a unique model for more affordable housing. Is this the answer for Miami and beyond?
Cause and Effect of Shrinking Retail Inventory
Commercial real estate professionals from around the nation agree on at least one thing: Florida’s retail market is one to watch. And many are watching it closely.
Once and Future Flagler Street
Miami-Dade College history professor Paul George remembers when Flagler Street was literally Miami’s main street. “Growing up here in the 1950s,” he says, “downtown was the center of almost everything. There were movie theaters, Burdines, five-and-dime stores. It was wonderful. It’s sad to see what happened to it.” What happened to it?
Hallandale Beach considers Oasis project: 500 units plus hotel
A massive mixed-use project called the Oasis, with 500 multifamily units plus a hotel, office and retail, has been proposed in Hallandale Beach. Romagnole Investment Properties, managed by Mireya de Iadisernia and Guiseppe Iadisernia in Miami Beach, filed plans for the project at 1000 and 1100 E. Hallandale Beach Blvd. – on the north…