FAA warns six Miami towers could be too tall, including Related Group projects
The FAA notified developers of six high-rise towers in Miami in August that their proposed projects could be too tall, including two condo buildings by the Related Group. The “notice of presumed hazard” letters are interim warnings and not final rulings. They’re based on the FAA’s initial findings that the towers could obstruct or have…
Fifteen Group Revises Plan For 38-Story Tower Above Historic Church, Wants To Sell TDRs
Developer Fifteen Group has submitted revised plans for a project at 1836 Biscayne to make it more appealing to preservation officials, as well as make the project more economically viable. Plans call for a 38-story tower with 352 residential units and 637 parking spaces above the historic First Church of Christ at 1836 Biscayne Boulevard.
Retail/office building proposed in west Miami-Dade
A developer filed plans for a retail and office project west of Sweetwater in Miami-Dade County. Coral Gables-based Flightway Eleven submitted the application to the county on Aug. 26 for a 62,906-square-foot building. The first floor would have 14 retail bays and the second floor would have 14 office bays. It would be located on the…
5 reasons retail development is loving Florida
In case you hadn’t noticed, the Sunshine State is in the midst of a love affair with the retail real estate market. That’s according to a new retail report unveiled on Aug. 31 by JLL President of Retail Brokerage Naveen Jaggi during the International Council of Shopping Centers (ICSC) Florida Conference at the Orange County Convention Center.
Real estate investment firm IMC rebrands, reaches 9 million square feet
IMC Property Management, one of the most active real estate investors in South Florida, has rebranded as IMC Equity Group. The North Miami-based company owns about 9 million square feet of property, with about 650,000 square feet acquired for $88.5 million so far in 2015, according to IMC director of acquisitions and finance…
Fill-er-up: Another South Beach Gas Station Makes Way for Development
Following the disappearance of the gas station at 17th street and Alton Road under a pile of rubble and construction stuff, the Chevron station at 1800 Alton Road has now been sold according to The Real Deal and will be redevelopment into prime retail on the edge of Sunset…
New Multi-Tower Megaproject Coming to Hallandale Beach
Take a second to wrap your head around the major, mixed-use development (ironically?) named Oasis and planned for Hallandale Beach, just north of Gulfstream Park. As South Florida Business Journal reports, the project is being designed by Bermello Ajamil & Partners, and will include hotel…
National Commercial Real Estate News Roundup For August 31, 2015
Baby boomers and millennials have more in common than we thought, office construction surges in largest commercial market, medical offices in residential centers are very desirable, retail and multifamily rentals are getting harder to find — and more. It’s…
Downtown Fort Lauderdale’s largest office lease inked
Tower 101 at 101 Northeast 3rd Avenue in Fort Lauderdale and JLL’s Brady Titcomb and Alice Lucia Jackson
Downtown Fort Lauderdale is about to get a new outfit. Uniforms Direct has agreed to move its corporate headquarters to Tower 101, marking the largest office lease in the city’s cent…
Joint venture mortgages Coral Springs retail center for $22M
Six months after a joint venture acquired the Royal University Plaza in Coral Springs, the group has mortgaged its new shopping plaza for $22 million. The plaza is a 10-acre development with 98,500 square feet of leasable space, located at…
On the scene photos at ULI’s Vision Awards
The Urban Land Institute’s Southeast Florida/Caribbean District held its Vision Awards dinner last Wednesday evening at the JW Marriott Marquis Miami. More than 650 people were in attendance. During the…
Firm Secures Largest Downtown Fort Lauderdale Office Lease Of 2015
JLL’s Alice Lucia Jackson and Brady Titcomb completed the 52,683-square-foot headquarters lease transaction.
SunTrust Center Wins New-to-Market Tenants
“Crocker’s capital investment in the SunTrust International Center has proven effective.”
FAA Rejects Plans For Tall Miami Towers
Two Related projects and one being developed by Florida East Coast Realty were “presumed to be a hazard to air navigation.”