Midtown Miami Getting Another 700 Apartments At Chiquita Property
Booming Midtown Miami has attracted the attention of a national apartment developer. The result could be yet another massive residential project. AMLI Residential, controlled by Morgan Stanley, has filed plans to build a 12-story, 700 unit project on the former Chiquita Banana distribution facility in the Midtown Miami area.
North Miami Beach to consider The Highlands apartment project
A developer wants to build the 60-unit the Highlands apartment project in North Miami Beach.
The project is set to go before the city’s planning and zoning board on July 13. North Miami Beach recently rezoned a large area to encourage more dense development. Nicover LLC, a Bay Harbor Islands-based company…
Revealed: Architect Charles Sieger’s 76-Story Liquid Lofts Tower Proposed For Downtown Miami
Architect Charles Sieger has submitted plans for a 76-story residential tower in downtown Miami. Sieger’s Liquid Lofts, LLC is proposing to build the tower on a .48 acre lot at 37 SW 1st Street, next to downtown’s Macy’s. It would replace a parking garage. =Sieger owns a 100% stake in the developing entity. If approved, it would include…
Kuwait’s AQARAT Planning To Build 45-Story Yotel And Residences In Downtown Miami
AQARAT, a Kuwait-based Real Estate Company, has submitted plans to build a 45-story Yotel hotel and condo project in downtown Miami – taller and bigger than they originally planned. Miami’s Aria Development Group is a partner on the project, with AQARAT owning a 51% stake. The Yotel is planned for a small lot at 235 NE 2nd…
Pinnacle Housing Group proposes 250 affordable apartments in south Miami-Dade
Pinnacle Housing Group wants to build 250 affordable housing units near Cutler Ridge in southern Miami-Dade County. Caribbean Village, an affiliate of the Miami-based developer, filed a zoning application with the county to build the project on a 3.4-acre site that’s currently a parking lot for the South Miami-Dade Busway…
This 633-Unit Arquitectonica Project Will Promote Metrorail Ridership, Developer Says
The eight story project is to be called River Central. It will include 839,594 square feet of floor area, with 633 residential units and a small amount of ground floor retail. It is also proposed to include 656 parking spaces – fewer than required by code, due to the project being located a quarter of a mile away from the Culmer Metrorail…
Gulfstream Park condo tower halts sales
Gulfstream Park Tower, a condominium proposed at the site of the racetrack casino and retail complex in Hallandale Beach, has halted its sales. Brokerage ISG World listed the project as “cancelled” in its second quarter report on the Miami/Fort Lauderdale condo market. A spokeswoman of ISG World said the sales representatives at…
Proposed ‘Green City’ Would Move Urban Development Boundary, Add Thousands Of Homes
Property owners are proposing to extend Dade’s Urban Development Boundary westward with a massive new project. The project would be called Green City, according to plans submitted last month. It could add about 26,000 new residents and thousands of new jobs near the edge of the Everglades. Planned for the 859 acres include…
Hidden gem in Wynwood sells amid retail explosion
A small, charming and ramshackle home on a street bursting with new commercial activity in Miami’s Wynwood neighborhood has traded for nearly $1 million, The Real Deal has learned. The residence, at 158 Northwest 24th Street, was purchased for $995,000 by Saban Family Properties, attorney and developer Ariel Saban told TRD.
Berger Commercial Realty Brokers Close 4 Lease Deals At Lyons Tech IV
Berger’s Judy Dolan and Greg Milopoulos represented the landlord in the transactions.
Renting and flipping new Miami condos is all the rage
The majority of new condo buyers in Miami have been looking to capitalize on their investments by flipping the units or renting them out, according to research by CraneSpotters.com. Looking at the four largest condo towers completed in greater downtown Miami since construction resumed in 2011, anywhere from 45 percent to 96…
JLL Launches New Online Marketplace For Commercial Real Estate Office Market
HiRise – which launched in Washington, D.C. last week – is the first online, transactional marketplace for commercial real estate, allowing tenants and landlords to connect and complete their entire real estate transaction online.
Fort Lauderdale Beach’s Bahia Mar Resort & Marina has proposed a big revamp and expansion that includes the demolition of a low-rise hotel building, the renovation of the existing and rather brutalist hotel tower (hopefully with bigger windows, although you can’t really tell from these renderings…
FAA Approves 57-Story SLS Lux, Vertical Construction Commences
SLS Lux is going vertical after receiving the blessing of the Federal Aviation Administration. Yesterday, the FAA granted approval for the tower to be built at a height of 648 feet above ground, or 654 feet above sea level. The 57-story SLS Lux was designed by Arquitectonica, and will include 450 residences and 95 hotel suites.
Edgewater Property Owner Proposes 28-Story Residential High Rise
The new owner of a property in Edgewater is proposing to build a residential tower. Union Excalibur, LLC has submitted plans to build a 28-story, 293-foot residential tower at 522 and 526 NE 34th Street. The company purchased the 16,500-square-foot site at the edge of the Bay Point condo parking lot for $3.6 million earlier…
Commercial Real Estate National News Roundup July 13, 2015
The good news on the horizon for CRE doesn’t seem to want to stop, the complicated prospects of marijuana legalization, rents up and cap rates down, and here come the German grocers. It’s all here at the Commercial Real Estate national news roundup…
July 2015 Florida Real Estate Case Law Updates
By: Daniel T. Pascale, Esq. Foreclosure Sale Notice. Skelton v. Lyons, 157 So. 3d 471(Fla. 2d DCA 2015). Background: Debtor filed objection to foreclosure sale of property. The Circuit Court sustained the objection and set aside the foreclosure sale. Third-party purchaser appealed. Holding: The District…
The Road That Time Forgot ~ NE 2nd Avenue Above Design District: The Sequel
Buena Vista Bistro. Shokudo Miami. The Embassy. Lemoni Café. The District. Mandolin Aegean Bistro.
All of these popular eateries can be found within a few blocks of each other along NE 2nd Avenue, just north of the Miami Design District. In fact, seven restaurants can be found on or near NE 2nd Avenue between 43rd…
Miami Isn’t the Only Hot Florida Hotel Market
Beyond Southeast Florida, cities on the other coast are also winning lender confidence. Find out what’s going in in this Southwest Florida city.
Miami’s Urban Design Revolution
These days their concepts permeate the lives of nearly everyone living in Miami-Dade — when you find an astonishing plaza tucked into the Design District, walk out of a Brickell condo building to stroll along a Miami River walkway, or see a Biscayne Boulevard motel refurbished because of a complex sale of zoning rights.