CitizenM moves ahead with Brickell hotel on Perricone’s site CitizenM is moving forward with plans for what could be its first Miami hotel. The Dutch hotel chain is seeking a building permit for a hotel at 955 South Miami Avenue, on the site of Perricone’s Marketplace & Café in Brickell. Steven J. Perricone sold the property […]
Century Homebuilders breaks ground on mixed-use project in Miami Sergio Pino’s Century Homebuilders Group has begun construction of 850 Le Jeune, a new mixed-use project near Miami International Airport. The developer and its partner, Pactia USA, are building 230 multifamily units and about 200,000 square feet of office space at 850 Northwest 42nd Avenue (also known […]
Developer plans $74 million mixed-use project along Grand Avenue in Coconut Grove A Miami developer is under contract to purchase a large assemblage in the West Grove where it’s planning a $74 million, mixed-use project. Ricky Trinidad’s Metronomic announced plans for Grand Plaza, a 12-building development on Grand Avenue in Coconut Grove. Trinidad’s firm isn’t the […]
Simon sells site next to Miami International Mall to Lehman Car dealer William “Bill” Lehman Jr. just bought a strip of land next to Miami International Mall for $8.2 million, property records show. Lehman financed the deal with a $9.4 million loan from JP Morgan. It’s zoned for industrial development. Simon Property Group sold the 8.4 […]
Here’s what’s next for Adler Group’s Miami River project On Tuesday, Miami residents voted to approve a referendum allowing the Adler Group to lease city-owned land along the Miami River, placing the developer one step closer to breaking ground on its multi-tower project. But before that, the city has to decide where it will move its […]
Metronomic plans Little Havana office project SieteOcho A new office development is planned for Little Havana. Metronomic just announced plans to build a five-story office project called SieteOcho at 640 Southwest Eighth Avenue. The project would mark one of the first new office developments in the area, amid a surge of new boutique multifamily construction. The company […]
Here are the major real estate projects on the ballot in Miami After years of jumping around Miami for a site to build a multimillion-dollar Major League Soccer stadium, David Beckham and his partners will be asking City of Miami residents to approve their latest pitch. Fueled by Jorge Mas and his brother Jose, the new […]
As HQ2 announcement approaches, Amazon execs are revisiting NYC, Chicago, Miami Some cities are getting another look from Amazon as the announcement for where the e-commerce giant will set up its second headquarters looms. New York City, Chicago, Newark, Miami and the Washington, D.C. area all had recent follow-up visits from Amazon executives, according to the […]
Developers propose mixed-use projects in Allapattah, Edgewater and Overtown Developer Robert Wennett, Mill Creek Residential, and Estate Investments Group are taking their projects to the city of Miami’s Urban Development Review Board on Wednesday. Modera Biscayne Bay: Mill Creek Residential plans to acquire the properties at 412 Northeast 22nd Street and 436 Northeast 22nd Street in Edgewater […]
Video: Everything you need to know about Opportunity Zones, 67 of which are in Miami-Dade Developers and investors across the United States are turning their attention to a new tax benefit program introduced as part of President Trump’s tax plan known as Opportunity Zones. These incent developers to build in low-income communities by providing tax […]
South Florida’s suburbs dominate ranking of the top multifamily deals Three of the top five multifamily transactions occurred in Miami-Dade County. In August 2017, TA Realty picked up the 398-unit Manor CityPlace in Doral for $135 million. The Boston-based REIT, which typically focuses on office and industrial, paid $339,196 per apartment. The Related Group, Shoma […]
PMG Receives $106M Refinancing for 464-Unit X Miami Apartment Tower Property Markets Group has received a $106 million refinancing for X Miami, a 464-unit multifamily community in downtown Miami. Pacific Western Bank provided the financing, which will pay off an existing $80 million construction loan from Centennial Bank. The 31-story tower that recently opened features units […]
Carlyle JV sells Miami-Dade self-storage portfolio for $100 million An entity tied to William Warren Group just paid $100 million for three self-storage buildings spread throughout Miami-Dade County. Property records show CRP/Westport Self Storage Dixie, a joint venture between the Carlyle Group and Westport Properties that operates as US Storage Centers, sold the buildings. The self-storage […]
Commissioner ‘Crazy Joe’ Carollo takes on Little Havana developer Go back in journalistic history to the year 2000 and there’s a little gem in The Economist about Joe Carollo, who is currently a city of Miami commissioner. “When the mayor of Miami, Joe Carollo, was a budding city commissioner in the mid-1980s, he earned the nickname […]
I Squared, Moving Headquarters to Miami, Raises $7 Billion for Infrastructure Investments I Squared Capital, an infrastructure-focused private equity firm founded by former Morgan Stanley executives, has raised $7 billion for its second fund, exceeding its original target as competition for investor capital heats up. The fund, known as ISQ Global Infrastructure Fund II, will make […]
Mall reuse 2.0: This LA firm wants to turn vacant mall space into transitional housing As landlords consider what to do with their faltering shopping malls, one idea is gaining traction statewide: repurposing unused space into housing for the homeless. Irvine-based KTGY Architecture + Planning is developing a new concept called Re-Habit, which would redevelop empty […]
