Triple Five’s $4 Billion American Dream Miami Project Wins Final Approval from County Officials American Dream Miami will be a massive mall and entertainment center in northwestern Miami-Dade County. The first phase is expected to open in 2023. Make way for American Dream Miami. The Miami-Dade County Commission did just that Thursday, granting a series of approvals […]
City swap, three-tower development on Miami River cast adrift A complicated deal to gain a new office complex for the City of Miami in exchange for a triple tower private development on the Miami River is not as advanced as recently proclaimed. In fact, City Manager Emilio González said it’s far from being a sure thing. The […]
Grand Station moves forward with 30-story apartment tower in downtown Miami Grand Station Partners is moving forward with its plans for a public-private partnership with the Miami Parking Authority to develop a high-rise rental tower on a site in downtown Miami. The developer, led by Rovr Development principals Oscar Rodriguez and Ricardo Vadia, submitted a building […]
NR Investments plans two new mixed-use projects for Miami’s Arts & Entertainment District Miami’s Arts and Entertainment District is getting two more NR Investments projects. Just two blocks south of its Canvas luxury condo tower and its apartment building, Filling Station Lofts, the developer is proposing a two-tower, mixed-use project split into condos, a hotel and […]
Components of vast Miami Worldcenter coming together The vast components of the sweeping Miami Worldcenter project are coming together as residential towers rise and plans for a 330,000-plus-square-foot shopping venue are being finalized. A team representing developers Miami Worldcenter Associates LLC met with the city’s Urban Development Review Board recently with proposed façade changes to a […]
The first YotelPad to land on the East Coast will be in Miami Find studio, one and two-bedroom units, plus hotel rooms Yotel, a brand known for its cool micro hotels, is getting into residential units. The new concept is called YotelPad, and YotelPad Miami will be the first location to debut on the East […]
Macy’s to shutter historic downtown Miami store amid rash of closures Macy’s will shutter its downtown Miami store this quarter as part of a new wave of closures nationwide, the retailer announced Thursday. The company plans to close 11 stores early this year, including one in Gainesville and four in California. The restructuring will save […]
Karakhanian sells Design District building Developer Alex Karakhanian sold a building housing an international fashion school in the Miami Design District to Stockbridge Capital for $22 million. Karakhanian’s Lndmrk Development sold the property at 3701 Northeast Second Avenue for $1,000 per square foot, according to a press release. Milan-based Istituto Marangoni is leasing the 22,000-square-foot, seven-story building. […]
Walmart-anchored center in Miami Gardens hits the market at $12.5 milliont A Walmart-anchored shopping center in Miami Gardens just hit the market for $12.5 million, according to a press release. The 62,500-square-foot shopping plaza at 3791 Northwest 167th Street is asking about $200 per square foot. Records show North Miami Beach-based Macken Companies bought the 7-acre […]
92-Story Downtown Tower Approved for Miami’s Skyline A sleek glass tower packed with amenities and mixed uses is ready to make a lasting impression on Miami’s skyline. In doing so, One Bayfront Plaza would capture the prize as the tallest building in Florida, 1,049 feet. The city’s Urban Development Review Board recommended approval July 19 of […]
Downtown Miami FedEx Facility Trades, Could Be Redeveloped A New York investor has invested in the last-mile facility for a major package delivery company in a property with future redevelopment potential. Lalezarian Properties purchased 200 South Miami Avenue, a six-story, 110K SF facility in Downtown Miami that acts as a last-mile warehouse and retail packaging […]
New multifamily construction to test the South Florida market Demand remains robust for rental housing in Miami and the rest of South Florida, among residents and real estate investors alike. But despite the area’s population and employment growth, some market watchers say South Florida’s extended, postrecession rise in monthly rents could slow or stop if […]
Church of Scientology “disconnects” with its Coral Gables location for $6 million After about three years on the market, the Church of Scientology has cut ties with its 120 Giralda Avenue Coral Gables location of more than 40 years and sold the building for $5.8 million, or nearly $360 per square foot. The buyer is 120 […]
At a cool $1.05 billion, Brickell City Centre makes Business Insider list of 8 most expensive real estate developments in American history Located in Miami’s financial district, the Brickell City Centre cost approximately $1.05 billion to build from 2014 to late 2016. The mega-development spans five blocks and consists of shops, a movie theater, restaurants, office […]
Miami commissioner goes after large-scale developments A second Miami city commissioner is going after a provision in the zoning code that allows for large-scale developments with relaxed conditions called Special Area Plans, or SAPs. Commission Chairman Keon Hardemon proposes a moratorium on SAPs near Biscayne Bay to give planning staff more time to review current regulations […]
Video: David Kessler Discusses the Trump Effect on Commercial Real Estate & the Economy David Kessler, CPA, Partner, and National Director for the Real Estate Industry Practice at CohnReznick, an audit, accounting, tax, transactional planning, succession planning, business valuation and consulting services company with offices nationwide, discusses how Trump’s policies may affect… Coral Gables to […]
