New Terranova buildings geared to expand Lincoln Road district
Terranova Corp. is developing two new three-story buildings near Meridian Avenue in Miami Beach, bringing additional retail stores and a rooftop restaurant to the Lincoln Road area, Chairman Stephen Bittel told The Real Deal. The new sites, at 723 Lincoln Lane and 801 Lincoln Road, are geared to expand…
Walgreens in Broward sells for $8.4M
A Walgreens in Plantation recently traded for $8.4 million. The single-story, 12,018-square-foot building was purchased by Ronald and Margie Alter, who live in Boca Raton. The couple purchased it from Evans Drugstore Plantation, which is tied to agricultural land-management…
Westin Fort Lauderdale hotel escapes foreclosure
Traffic can be good, or at least useful
In Aventura 2 fleeing armed robbers didn’t account for Aventura traffic. Stuck in a traffic jam they were quickly apprehended. One for traffic, zero for the bad guys. I would have fled on foot to the mall and tried to blend in. Note to robbers: don’t plan on swimming up in North Dade, Haulover Park …
The Bacardi Building’s Jewel Box Annex is Even More So, Inside
Ridiculous Amenity Alert: In addition to all the…
In addition to all the more common luxe amenities like pools, spa, meditation garden, game room, and screening room, the Ritz-Carlton Residences Miami Beach, formerly known as the Miami Heart Institute, will have an art room, and access to a VanDutch day yacht for residents’ use. We’ve heard of…
Development Update-O-Rama: Meyer Davis Studio, the interior…
Meyer Davis Studio, the interior design firm doing Michael Schwartz’s new restaurant at the Paraiso Beach Club, has released sketches of what that restaurant will look like and floor plans of the entire building, which will occupy Paraiso Bay Park (which was supposed to be a park, right?). There ar…
Underline This: James Corner Field Ops Picked to Masterplan the Underline
Out of 19 submissions and five finalists, James Corner Field Operations, the landscape architecture firm that designed the High Line in New York, was picked to master plan The Underline, the planned linear park underneath the Metrorail. James Corner Field Ops is also doing…
Marrying exotic cars with pricey real estate at Prestige Imports
Prestige Imports, sellers of exotic cars — Lamborghini, Lotus, Pagani and Audi — is getting into the luxury real estate game, The Real Deal has learned. Recognizing…
Miami-Dade County development site sinks into foreclosure
A stagnating development near ZooMiami is set to be auctioned off after its developer’s $3 million mortgage went into foreclosure. An affiliate of Texas-based E Capital Partners recently won a $3.1 million foreclosure judgment against developer Eureka Miami Partners…
Waterfront Hillsboro Beach condo project 50 percent sold
1200 The Ocean, a waterfront condo development in Hillsboro Beach, is more than 50 percent sold, developers recently announced. The 18-unit project ranges from $895,000 to more than $2.35 million. Richard Jones designed the boutique condos, which will include gourmet…
6,700 new rental units to test Greater Downtown Miami market
Question: The recent report from the Miami Downtown Development Authority states that 6,700 new rental units are in the pipeline for the Greater Downtown Miami market. Can Miami absorb that volume of new apartment units without hurting the rental market? Technological…
The Skinny on Class B, Tertiary Investing
Miami — Everest High Income Property’s David Lynn tells GlobeSt.com’s Jennifer LeClaire how he sees investors responding to class B, class C and secondary and tertiary opportunities in part two of this exclusive interview….
Thorn in Developer’s Side, Couple Says They Were Cut Out of Surf Club Redevelopment Deal
Even as construction proceeds on the luxurious revamp of Surfside’s famed Surf Club, a couple who were members of the landmark is suing the project’s developer…
Beach chamber of commerce denies Baptist membership
The latest high-profile drama in South Florida’s competitive healthcare market is playing out in the halls of the Miami Beach Chamber of Commerce. Baptist Health wants to open an urgent care center in Miami Beach, the home of Mount Sinai Medical Center. Baptist is proposing the facility, complete with diagnostic offices…
Miami-based 100 Montaditos operator files for bankruptcy
The Miami-based operator of 100 Montaditos’ Florida locations has filed for Chapter 11 bankruptcy. Francisco Cernuda, the CEO of the Spain-based restaurant’s American locations, filed to reorganize 100 M Operator LLC…
Peeking Inside the Frost Museum of Science
We put on our hard hats and got a first-hand look inside the construction of the new Patricia and Phillip Frost Museum of Science, which opens in 2016. Right now, there’s a lot of concrete and rebar, but we could finally see how the museum is coming together, and it’s impressive…