TriStar buys Atlas Plaza in Miami Design District for $65M
Atlas Plaza, the Miami Design District property that’s home to the popular Michael’s Genuine Food & Drink, was sold for $65 million to an affiliate of TriStar Capital and RFR Holdings. Buena Vista Design Plaza, Buena Vista Design Plaza II, and Magnolia Court LLC, all headed by Russell D. Atlas in Miami Beach, sold the property…
Partial interest in Aventura development site sold for $11M
A 49 percent stake in a medical office development site in Aventura sold for $11.25 million. A trust belonging to Marion Mutchnik of Hallandale Beach sold a 49 percent interest in the 1.6-acre lot to North Miami Beach-based Aventura Medical Center LLC, which is managed by Yerachmiel Mutchnik and Bernardo Rieber. It’s located…
Aria Development updates Yotel plans, remains coy about next downtown Miami project
Aria Development Group’s founding principal David Arditi offered an update about his company’s Yotel project, but remained reluctant to reveal plans about another downtown Miami development in the works. Arditi told the South Florida Business Journal that Yotel is still expected to have about 250 rooms, and the most recent plans…
Miami River Multifamily Asset Trades
River Villas comprises 21 units with 600 feet of river frontage.
Stockbridge Capital Acquires El Mercado
Stockbridge Capital Group LLC acquired the El Mercado shopping center at 2400-2436 W. 60th St. in Hialeah, FL from Terranova Corporation for $23.1 million, or about $241 per square foot. The 96,041-square-foot retail center was built in 1988 on nine acres in the Medley / Hialeah submarket, west…
PortMiami welcomes the return of Hamburg Sud
Ranked among the world’s largest container shipping lines, announced its return to PortMiami with the arrival of the Hamburg Sud chartered Catherine Rickmers. The new weekly service expands trade opportunities between Florida and Asian markets.
In the Rezone: These are the Rules of the Big New Wynwood Zoning Code
The Big Wynwood Rezoning has happened, leading to a more dynamic, pedestrian-friendly, mixed-use, and admittedly developer-friendly Wynwood (the old code was quite hostile to anybody trying to build condos), spearheaded by the Wynwood BID and designed by PlusUrbia. It was approved…
What the Neighborhood Revitalization District Means for Wynwood Retail
Authentic, independent retailers do very well in Wynwood and fit in with the neighborhood’s innovative and creative vibe. What impact with the NRD make?