Offices of Keyes Commercial Realty
Giant Mediterranean Village Coral Gables project gets ‘Go’
The developers of Mediterranean Village at Ponce Circle finally have the go-ahead from the Coral Gables City Commission for their mixed-use project after years of work that included 20 public meetings, others before various boards, peer reviews and conversations with city staff as well as business and neighborhood associations.
New Zoning For Wynwood As Neighborhood Evolves From Industrial Roots
Later this week, Miami’s Planning, Zoning and Appeals Board is scheduled to vote on a plan that would radically alter permitted uses for property in the area. City officials say that if approved, the new rules would allow Wynwood to transition from an industrial zone into ‘a diverse, mixed-use, residential neighborhood.’ Over 18 months…
Building in Miami’s Midtown set for retail renovation after $7M purchase
The buyer of a daycare center in Miami’s Midtown neighborhood plans to redevelop it into retail. Nonprofit Kidco Child Care sold the 9,000-square-foot, two-story building at 3630 Northeast 1st Court for $7 million to Lomback LLC, a Houston-based company managed by Eric Villasenor. Fifth Third Bank provided a $5.61 million loan…
Morays Jewelers makes deal to relocate headquarters to Coral Gables
Morays Jewelers will move from downtown Miami — its home since 1994 — to Coral Gables. The new headquarters and its accompanying retail store are expected to open by the first quarter of next year. Morays is leaving the historic Alfred DuPont Building at 50 N.E. 2nd Ave. where the company had part ownership, according to its website.
Video of Implosion at Versailles Hotel in Miami Beach
Watch this video of the implosion of 1955 boxy addition to the Versailles Hotel in Miami Beach. The addition was imploded, but the original Versailles structure, built in 1940, was retained. The partial demolition was approved by Miami Beach’s Historic Preservation Board last …
Broker Completes Two Record-Breaking Commercial Transactions
The deals mark the highest price per square foot for commercial property in Little Havana and Miami’s Design District, according to a release.
Executive Airport Business Center sold out of foreclosure
The repossessed Executive Airport Business Center in Fort Lauderdale has been sold for more than its former mortgage. A commercial mortgage-backed securities (CMBS) seized the two office buildings totaling 73,216 square feet at 5101 N.W. 21st Ave. in 2014 after foreclosing on the $4.39 million mortgage of Airport Executive…
Mall Overhauls: Bal Harbour Shops Expansion Refined, Detailed in New Renders
Bal Harbour Shops has released new renderings of the mall’s planned expansion, which would include a land swap with the Village of Bal Harbour that still has to be approved by voters, a new mall entrance, more generous public amenities, new boutiques, expansions to both existing department stores…
Miami’s Brickell City Centre is well on its way to completion, and the Business Journal was invited to check up on the progress of the $1.05 billion mixed-used project that will redefine the live, work and play environment in Brickell. Phase I of the project is expected to be completed in the third quarter of this year. The 263-room hotel…
Kung Pao Chicken with a Side of Dust: Dadeland’s Food Court Is Undergoing Major Renovations
We’re not gonna lie– Dadeland has the best food options out of all the malls in this cityand it’s about to get better, at least aesthetically. The mall’s food court is undergoing an extensive renovation, and it should wrap up in November right in time for the holidays. From the renderings, it looks like this new pavilion will be focused…
A week after Florida’s first AC Hotel opened in Miami Beach, another South Florida location has been announced. Miami’s Zyscovich Architects said its client, Norwich Aventura II, LLC, approved the design of the 233-room hotel on Tuesday. The hotel will open in the Aventura Corporate Center.
Mall Overhauls: Dadeland Mall is transforming its…
Dadeland Mall is transforming its food court into more of a ‘dining pavilion’ with new seating and congregating areas, a very upgraded look, and snazzier bathroom facilities. South Florida’s boom in new mall construction and old mall renovations continues unabated.
Development Du-Jour: Palm Tree-Inspired Solitair Tower Breaks Ground in Brickell
Last week Solitair, a vertiginous new all-rental rental high-rise soon to shoot up in Brickell courtesy of developers, ZOM and AIG Global Real Estate, broke ground. The ADD Inc.-designed, 50-story tower will include 438 residential rental apartments and over 7,500 square feet of ground-level retail…
Doral Cooler Warehouse Sold to Freshworld Logistics
The ComReal Companies are pleased to announce the sale of the Americas’ Gateway Park Building located at 1800 NW 89th Place in Doral, Florida. The property consists of 110,500 sq. ft. building with a refrigerated warehouse and 30% office space. The sales price was…
Congress Moving To Block EPA Regulation Of Streams, Wetlands
The Senate Environment and Public Works Committee approved legislation that would force the EPA and the U.S. Army Corps of Engineers to withdraw and rewrite rules that clarify which of those smaller bodies of water are regulated under the Clean Water Act.
Sunset of Distressed Condominium Relief Act Extended
The Distressed Condominium Relief Act enacted as Part VII of the Condominium Act in 2010 (“Act”) was a temporary measure to encourage absorption of unsold condominium units arising as a result of the Great Recession. This legislation attempted to allay the fears of potential investors…
Take a look at Brickell City Centre’s construction progress
The finish line is in site for Brickell City Centre, which is on track to hit its completion date of 2016.
Developer Swire Properties, which put up all $1.05 billion needed to fund the 5.4 million-square-foot pro…
Whitman releases new renderings of Bal Harbour shops
Whitman Family Development revealed new renderings of upgrades to Bal Harbour Shops and Village on Tuesday.
The renovations and expansion, valued at $400 million, will include a proposed land swap between Bal Harbour Village and Whitman. Voter…
Flagler Street building in downtown Miami sells at premium
An office building on Flagler Street in downtown Miami sold for nearly three and a half times its previous sale in 2009, The Real Deal has learned. On Thursday, the property at 219 East Flagler Street, sold for $9 million or $213 per square foot, Marcus & Millichap commercial…
Taubman Centers could back out of Miami Worldcenter: report
Taubman Centers could end up pulling out of the massive Miami Worldcenter project, according a Goldman Sachs report. Sachs analysts said competition from Brickell City Centre, which has its own major shopping component a few miles away…
Investment partners buy Fort Lauderdale offices for $4.6M
Two Chicago-based investment firms teamed up last week to purchase a commercial property adjacent to the Fort Lauderdale Executive Airport for $4.6 million. The property is located at 5101 Northwest 21st Avenue and…
City of Miami, Village of Key Biscayne fail to reach agreement
In a Miami-Dade College conference room stacked with attendees wearing white T-shirts with slogans supporting the Miami International Boat Show, elected officials from the city of Miami and the Village of Key Biscayne failed to reach a compromise regarding…
Rare Lender Disposition Offers Investor Upside
“Within the Commercial Boulevard office submarket, this property has perennially out-performed the broader office submarket.”
Meet Publix’s next big threat: Lidl, the German grocer with big U.S. expansion plans
A European discount grocer with plans to expand in the U.S. could pose a “formidable” threat to grocers like Publix Super Markets Inc. Lidl chose the metro D.C. region over downtown Charlotte for its U.S. headquarters, reports the Washington Business Journal, a sister news organization. It will open a distribution center in Spotsylvania…
Could plans change for the 2016 Miami International Boat Show?
After two lawsuits and months of public back-and-forth, officials from Key Biscayne have agreed to work with Miami on crafting a compromise for next year’s Miami International Boat Show at Virginia Key. That could mean changes are in store for the event’s expected move to the Miami Marine Stadium property in 2016.