Prosper Group and Forte Development have submitted a pre-application for an 80-story mixed-use tower at 1040 South Miami Avenue in Miami’s Brickell neighborhood. The proposal, filed under Miami-Dade County’s Rapid Transit Zone (RTZ) program, outlines plans for a 945-foot-tall structure comprising residential, hotel, and retail components. The site, previously…
One Twenty Brickell Residences Breaks Ground at 120 SW 8th Street in Miami
Prosper Group and Forte Development have submitted a pre-application for an 80-story mixed-use tower at 1040 South Miami Avenue in Miami’s Brickell neighborhood. The proposal, filed under Miami-Dade County’s Rapid Transit Zone (RTZ) program, outlines plans for a 945-foot-tall structure comprising residential, hotel, and retail components. The site, previously earmarked…
Pre-Application Filed For 80-Story Brickell Tower at 1040 S Miami Avenue
A pre-application was filed with Miami-Dade this morning for a new development in Brickell. The proposal is to develop under Miami-Dade’s Rapid Transit zoning plan, bypassing City of Miami planning approval. The new building is planned to be built at 1040 S. Miami Ave, on the property where a Virgin Hotel was once planned. The Project will be approximately 80 stories in height…
Prosper, Forte submit plans for 80-story mixed-use Brickell condo tower
Jay Roberts’ Prosper Group is teaming up with Forte Development on a proposed 80-story mixed-use condo tower in Miami’s Brickell, The Real Deal has learned. The developers submitted a pre-application under Miami-Dade County’s rapid transit zoning for the site at 1040 South Miami Avenue. RTZ can provide developers with additional density. The site is about a block away…
Construction Permit Filed For Midtown Miami’s Tallest Building
A construction permit application has been submitted to Miami’s Building Department for the Jean-Georges Miami Tropic Residences building. The building permit application was submitted on May 2 and is not yet in process. It lists Moss & Associates as the contractor. The tower is planned to rise 48 stories, or 606 feet above ground, according to a filing with Miami’s Urban…
Renderings Submitted For 948-Foot Tower In Brickell
The first batch of renderings have been revealed for a near-supertall tower proposed in Brickell. A pre-application for the development was filed with Miami-Dade yesterday, with renderings and additional details submitted shortly after. The pre-application filing lists the following proposed uses in the new building: 259 residential units 100 hotel units 48 hotel condo units 1,885…
Will Roman Jones conquer Miami River’s dining scene?
Sporting four gold skull-shaped rings on his right hand, Roman Jones points to a vacant lot across the water from Kiki’s on the River, his Mediterranean restaurant that caters to a jet-setting crowd on the outskirts of downtown Miami. “I’m going to call it Pirata,” Jones said. “It’s going to be a more affordable place for locals where you can show up in flip-flops, shorts and a baseball cap.”
Construction Permit Filed For Elle Residences In Edgewater
A construction permit application was submitted to Miami’s Building Department for the Elle Residences site. Elle Residences was first announced in May 2024. The permit application was filed on April 7 and is not yet in process. A contractor is not yet attached. The permit lists 180 units and 4,015 square feet of retail in 25 stories. Units will be delivered fully finished and…
Miami-Dade County Transportation Planning Organization; waterborne transit efforts flow on
The Miami-Dade County Transportation Planning Organization is in the final stage of development of its study for the feasibility of a waterborne transit network, following an initial report first published last October. According to a representative of the Department of Transportation and Public Works, the planning organization is finalizing a secondary study regarding…
Miami planning new public park near loanDepot Park
A new public park may soon take shape next to the Marlins’ stadium in Miami’s District Three, which has the fewest parks in the city, offering nearby residents and visitors a place to unwind outdoors. The Miami City Commission is weighing two zoning changes today (5/8) to facilitate the park’s creation. The .72-acre site at 1653 NW Fifth St. and 1628 and 1644 NW Sixth St…
Carnival Sets Sail for New Miami HQ
Calling Miami “the cruise capital of the world,” Carnival Corp. is setting course for a new Miami-Dade County home in the 250-acre Waterfront Business District, where it will build a multi-building global headquarters on a 15-acre site for about 2,000 North American team members by 2028. Carnival cruise ship Carnival Glory. Image courtesy of Carnival Corp. Carnival…
Carnival Corp. Announces New Miami HQ With Thousands Of Employees
Carnival Corporation announced plans today for a giant new global headquarters office in Miami. Hundreds of new high paying jobs will be added in Miami-Dade as part of the plan. Employees currently dispersed throughout other locations and regions will be moved to Miami as part of the plan, in addition to employees working in Carnival’s existing Doral offices.
Cruise giant Carnival will build a new HQ in Miami
Miami will continue to be the cruise capital of the world when Carnival Corporate moves away from Doral in a few years. The cruise operator isn’t moving far. It announced Monday it will build several buildings to serve as its new headquarters just south of Miami International Airport, in the Waterford Business District. The new campus will bring more workers, too.
Willow Bridge Unveils Luxury Apartments in Doral
Willow Bridge Property Co. has opened Leksa at CityPlace, a 391-unit luxury multifamily community located at 8401 NW 34th Terrace in the Miami suburb of Doral, Fla. According to Yardi Matrix, Leska at CityPlace was completed in 2024. The same source shows that the property is subject to a $103 million construction loan provided by Santander Bank.
South Florida industrial rents remain high in first quarter, despite demand slowdown
South Florida industrial landlords experienced less tenant demand in the first quarter, but asking rents remained high across Miami-Dade, Broward and Palm Beach counties, a recent report shows. As the year progresses, warehouse owners will likely curtail rent increases, as some landlords are already lowering their asking rents to maintain leasing momentum, the CBRE report states.
Russell Galbut: Miami developer developing his ownership-based Crescent Seas cruise line
With over 35 years of experience in the real estate sector, Russell Galbut is the managing principal and co-founder of Crescent Height and the founder of GFO Investments. Mr. Galbut has established Crescent Heights as a “best in class” developer with a proven track record in new construction and renovations. The company has been active in more than 15 major metropolitan…
820-Foot Building Proposed In Sunny Isles
A proposal has been filed for a potential new tallest building in Sunny Isles. If approved, it could become the tallest oceanfront building in the U.S., at 820 feet above ground and 828 feet above sea level. There are several buildings currently under construction in Sunny Isles at 750 feet above sea level, including the Bentley Residences and St. Regis Residences. The Federal Aviation…
Practical Density Expectations in Miami Area 5-Story Multifamily Builds
A recurring question in multifamily development involves the viability of 5-story projects. While zoning under the Live Local Act may allow for greater height and density, in practice, many sites face economic height constraints. That is, although taller buildings may be permitted, the marginal cost of construction per unit rises significantly with each additional story—often outpacing…
Pre-Application Filed For 375 New Apartments In Overtown
A pre-application was filed with Miami-Dade for 375 apartments at Culmer Place. Culmer Place is eventually planned to include 1,000 units. The first phase, with 239 units, is under construction, and several buildings are planned to be demolished. The newly proposed phase is planned to rise 8 stories, and include: 375 multifamily units, including a mix of affordable and workforce…
Sushi Garage Reveals First Look at Upcoming Restaurant at The Standard Residences in Midtown Miami
Juvia Group’s Sushi Garage is set to debut at The Standard Residences in Midtown Miami, bringing a contemporary interpretation of Japanese cuisine to the emerging residential and commercial district. The announcement comes as the 12-story, 228-unit development approaches completion, with a sellout nearing. The new location is the result of a collaboration…
Adam Neumann’s Flow, Canada Global win approval for 675-unit Aventura mixed-use project
Adam Neumann’s Flow and Canada Global can move forward with a three-tower, mixed-use project next to an existing office complex in Aventura. The Aventura City Commission voted unanimously and without discussion on Tuesday to approve the joint venture’s rezoning of an 8.6-acre site at 20801, 20803 and 20807 Biscayne Boulevard, allowing 70 units per acre instead…
Low single-digit vacancy rates boost South Florida’s retail market in first quarter
South Florida’s retail market is on a winning streak. For three consecutive quarters, the tri-county region experienced an overall vacancy rate of 3.5 percent, a historic low that is below the current national average of 4.2 percent, according to a recent Colliers report. However, a lack of new construction is creating a demand versus supply gap, the first quarter report states.
Benmark Capital, a vertically integrated real estate private equity and debt investment firm, has announced the closing of a $25 million pre-development loan to Continuum Company for the advancement of Continuum Club & Residences, a planned 32-story luxury condominium development located at 1755 John F. Kennedy Causeway in North Bay Village, Florida. The financing…
El-Ad pays $20M for North Bay Village dev site planned for 22-story resi tower
El-Ad National Properties paid $20 million for a development site in North Bay Village planned for a 22-story residential tower. Boca Raton-based El-Ad, a division of Elad Group, bought the 1-acre property at 7913 West Drive from Aventura-based S2 Development, according to records and real estate database Vizzda. The buyer borrowed $10 million for the purchase…
After supersizing the development potential of a Sears site in Miami, Miami Heat minority owner Raanan Katz’s firm is listing the property for sale with an asking price of over $100 million, The Real Deal has learned. RK Centers wants to sell the 8.1-acre property at 3655 Southwest 22nd Street that’s approved for a 1,050-unit Live Local Act project and 50,000 sf…
‘7200 Collins’ to Offer 222 Luxury Units at 7200 Collins Avenue in Miami Beach
Construction is anticipated to start on a high-rise luxury condominium in this year’s fourth quarter. Located in Miami Beach, 7200 Collins will measure 12 stories above grade and offer 222 units, with homes ranging from 375 to 1,200 square feet each. Floorplans will include studio to two-bedroom layouts; in-unit features include nine-foot-high ceilings, Italian-inspired cabinetry…
A development firm boosted the size of its planned apartment project in Ojus to 362 units, partly by seizing on density and height bonuses under the Live Local Act. Boca Raton-based Group P6 wants to develop the 21-story building with 3,600 square feet of retail at 2600 and 2630 Northeast 203rd Street in unincorporated Miami-Dade County, according to a filing…
Photos: Wynwood Plaza Nearing Completion
Photos show the massive Wynwood Plaza campus as it moves closer to opening. Amazon recently announced it was leasing 50,333 square feet of office space in the new development. The 12-story office tower at Wynwood Plaza will include 266,000 square feet of Class AAA space upon completion. The development also includes Wynwood Plaza Residences, with 509 high-end rental…
Scott Robins, Philip Levine list Wynwood shovel-ready dev site for $26M
Scott Robins and Philip Levine are looking to sell a shovel-ready Wynwood development site approved for a mixed-use project. The Miami Beach-based partners are seeking offers starting at $26 million, an offering memorandum shows. Tony Arellano and Devlin Marinoff with Dwntwn Realty Advisors are marketing the site, which is known as Wynwood Easel. Recently, Robins …
FC Barcelona Moving US HQ From New York To Downtown Miami
FC Barcelona announced that it is moving its US headquarters office from New York to downtown Miami. “The city of Miami has become a hub for soccer in the United States and for us it makes sense to establish our commercial operations in one of the key markets for the Club’s business,” said Joan Laporta, president of FC Barcelona. Miami’s Downtown Development Authority…
Homestead officials accuse Nascar race venue of owing $536K in rent
A Nascar racing venue in Homestead allegedly owes the city more than a half-million dollars in rent. Homestead-Miami Speedway has failed to pay the city $536,180 dating back to 2021, according to an April 25 letter from Homestead City Manager Zerry Ihekwaba obtained by The Real Deal. The demand notice was sent to Guillermo Santa Cruz, the speedway’s president.
Condo developers add F1 amenities to sell racing lifestyle
After rounding a corner, I stepped on the gas pedal. This time I managed it without going off the track. The engine revved, sounding just like a Formula 1 race. I was going over 100 miles per hour — the fastest I’ve ever driven. I had, minutes earlier, climbed into the body of an F1 car, my legs straight out in front of me, gripping an unfamiliar steering wheel. But I wasn’t really on a track.
Concrete Block Installation Underway At 427-Unit Apartment Building Near Arsht
Block installation is underway at Excel Miami, a 24-story apartment building under construction near the Arsht Center. Excel will have 427 apartments, with a total of 214,183 rentable square feet. Amenities will include a pool, yoga deck, fitness room, co-working space, screening room, and podcast suites. The Metromover School Board Station is a short distance away.
Condo Building With 222 Units To Begin Construction This Year In North Beach
Sales have launched for 7200 Collins, a new 12-story luxury condominium in North Beach. The development will include 222 condo units, with short-term rentals permitted Pricing starts at $600,000, with units sizes from studios to two-bedrooms (375–1,200 square feet). Amenities for residents will include two pools, a rooftop cinema, and event spaces.
Photos: Newly Completed Magnus Brickell, With 465 Apartments
Photos show the newly completed Magnus Brickell tower. Magnus Brickell is a 29-story Class A apartment building. It includes 465 residential rental units. Of those, 302 apartments are market rate, 70 apartments are workforce, and 93 units are for lower income tenants. Related Urban Development Group partnered with Miami-Dade on the development.
Miami Design District Rents Surged 67% Last Year
Rents in the Miami Design District grew 67% in 2024, according to Bloomberg, which cited a Cushman & Wakefield analysis. It was the fastest growth of any retail main street area in the Americas included in the Cushman & Wakefield report. Rents are now said to be $500 per square foot a year, which is the highest of any retail streets in the U.S. outside of New York and L.A. included…
Multiple New Retail & Restaurant Openings At Miami Worldcenter
A slate of new restaurant and retailers have just opened at Miami Worldcenter, with a grand opening celebration now just weeks away. Maple & Ash, Earls Kitchen + Bar, Sweet Paris Crêperie, The Spot Barbershop, and Starbucks are among the recent openings. Tenants already open at Worldcenter include: Apple; Sephora; Lululemon; Ray-Ban; Lucid Motors…
Michael Stern, JDS sue over allegedly defamatory website
Developer Michael Stern and JDS Development Group are alleging a John Doe orchestrated a smear campaign to spread false and defamatory information about him and his company, according to a lawsuit filed last week. Stern, CEO of Miami-based JDS, is suing to uncover the identity of the operator of the website JDSpulse.com and affiliated social media accounts.
Professional soccer club FC Barcelona will move its U.S. headquarters to downtown Miami from New York. FC Barcelona, commonly known as Barça, is looking for both an office and at least 5,000 square feet of retail space, according to a news release from the Miami Downtown Development Authority. The Barcelona-based club received an incentive grant from the Miami DDA…
13th Floor, JSB Capital Group Obtain $67.5M Construction Loan for Multifamily Project in Davie
A joint venture between 13th Floor Investments and JSB Capital Group has obtained a $67.5 million construction loan for Parks at Davie, a 383-unit multifamily project in the north Miami suburb of Davie. Santander Bank provided the loan. Peter Mekras of Aztec Group advised the joint venture on the capitalization, which also included an undisclosed amount of preferred equity…
Foundation Work Progresses on 21 Hollywood at 2100 N. Federal Highway in Hollywood
Construction is advancing at 21 Hollywood, a 14-story mixed-use development currently underway at 2100 N. Federal Highway in Hollywood, Florida. Designed by Miami-based architect Kobi Karp and developed by Starlife Group, the project recently reached a key construction milestone with the completion of the initial series of concrete slab pours for the foundation.
308-Unit Community Proposed for Parking Lot of Mall at 527 SW 145th Terrace in Pembroke Pines
Following a trend of building residential developments in parking lots, Federal Realty Investment Trust has proposed a 308-apartment complex in Pembroke Pines. The venture would occupy 2.7 acres of the Shops at Pembroke Gardens’ parking lot; the developer purchased the mall itself for $180.5 million in 2022. The new development would offer studio, one-bedroom…
Federal Realty proposes 308-unit apartment complex at Shops at Pembroke Gardens
Federal Realty Investment Trust proposes a 308-unit apartment project on a portion of its Shops at Pembroke Gardens. The North Bethesda, Maryland-based firm wants to build the project on a 2.7-acre parking lot at the 40-acre shopping center at 527 Southwest 145th Terrace in Pembroke Pines, according to filings to the city. The Pembroke Pines Planning and Zoning Board…
Home Depot on tap? Retailer pays $20M for 5-acre commercial plaza in Pembroke Park
Home Depot bought a commercial plaza in Pembroke Park for $20 million, adding to its holdings in the Broward County town. The Atlanta-based big box retailer purchased the property at 3101-3129 West Hallandale Beach Boulevard from an entity led by Joseph and Elena Edelman, according to records and real estate database Vizzda. Completed from 1984 to 1990…
Housing Trust Group (HTG), in partnership with Mount Hermon African Methodist Episcopal Church Inc. under the ministry of Rev. Dr. Henry E. Green Jr., has completed Mount Hermon Apartments, a seven-story affordable housing community for seniors aged 62 and older in Fort Lauderdale. Located at 750 NW 4th Street, the $43.5 million development delivers 104 income-restricted…
Newly released renderings offer a first glimpse at the interiors of Sereno Fort Lauderdale, a 14-story, 76-unit luxury condominium development rising at 2901 NE 9th Court in Fort Lauderdale. Developed by Integra Investments in collaboration with Flying Point, the boutique tower is designed by FSMY Architects + Planners, with interiors by UK-based firm 1508 London…
Second Phase of ‘101 Dania Beach’ Starts Construction at 102 S.W. 1st Street in Dania Beach
For close to three years, Florida YIMBY has been following updates regarding 101 Dania Beach, a multi-family housing development we first covered in October 2022. The 13-story luxury venture is just five weeks away from completion, where it will feature 278 apartments. Now, we’ve learned that developers Apollo Cos. and Liberty Base Investments have started construction…
Embattled senior living tycoon Leo Friedman pays $30M for Delray Beach facility
Controversial senior living tycoon Leo Friedman bought a facility in Delray Beach for $30 million. New York-based Citadel Care Centers, led by founder and CEO Friedman, bought the 472-unit Abbey Delray at 2000 Lowson Boulevard from Dallas-based Lifespace Communities, according to records and real estate database Vizzda. The buyer borrowed $42 million from Metropolitan…
Grover Corlew Lands $48M Refi for Boca Raton Office Campus
Palmetto Central comprises two renovated buildings rising four and five stories. Image courtesy of Grover Corlew Grover Corlew has obtained $47.5 million for the refinancing of Palmetto Central, a two-building, 170,000-square-foot office campus in Boca Raton, Fla. City National Bank of Florida provided the loan. Previous financing included an almost $22 million loan…
Construction Tops Off on The Nora Hotel in West Palm Beach’s Nora District
Construction has topped off on The Nora Hotel, a five-story, 201-key boutique hospitality development underway in the emerging Nora District of West Palm Beach. The project is being developed by BD Hotels and Sean MacPherson, in collaboration with NDT Development, Place Projects, and Wheelock Street Capital. Slated for completion in late 2026, the hotel marks BD Hotels…
Construction Starts on Senior Housing Development at 3765 Georgia Street in West Palm Beach
A multi-phase housing development designed by REG Architects has broken ground in West Palm Beach. The project is called “Roseland Gardens,” and it will replace a public housing community built in the 1940s. The first phase of the two-phase venture will comprise 148 homes divided between two four-story buildings. The buildings themselves will measure 75,000 sf…
Related Ross has announced that Shorecrest, a forthcoming 28-story luxury condominium development located at 1901 North Flagler Drive in West Palm Beach, will feature a comprehensive wellness program and amenity package curated in collaboration with Equinox. The partnership integrates the lifestyle brand’s fitness and spa standards into the residential development’s…
Related Ross, partners buy WPTV’s studio and offices in West Palm for $40M
Steve Ross and his partners bought WPTV’s studio and office building in West Palm Beach for $40 million in a sale-leaseback deal. The purchase comes as Ross, downtown West Palm’s biggest commercial landlord, is redeveloping the area with office, apartment and condo towers. Related Ross, Wexford Real Estate Investors and the Ardid family’s Key International…
Coco family office jumps into West Palm Beach with $46M acquisition
Coco Group is stepping into the downtown West Palm Beach commercial market with a $45.7 million purchase. An entity managed by Wesley Diong, CFO for Toronto-based family office Coco Group, acquired Echo, a 100-year-old mixed-use building at 205 Datura Street, records show. The buyer, led by CEO Jenny Coco, paid $637 a square foot for the 71,694-square-foot…
Down for the count? Don King’s Mangonia Park site faces $38M foreclosure
A $38 million foreclosure complaint could knock out Don King’s plan to sell 52 acres in Mangonia Park. On Wednesday, an affiliate of Taylor Made Lending, a Pompano Beach-based hard money lender, sued King and three of his entities in Palm Beach County Circuit Court alleging he defaulted on three separate loans obtained between 2023 and last year, court records show.
Edens has added a new wave of retailers to join the roster at Downtown Palm Beach Gardens, a 403,000-square-foot open-air retail center in Palm Beach Gardens. Recently opened concepts include Skin Laundry, MeTime Salon, TINA Stephens, ZOE Boutique and Vagabond Kids Apparel. Committed tenants that will open soon include Pura Vida Miami, Crew Factory, Sweathouz…
Construction Starts on ‘Gardens Vista’ at 12450 Central Boulevard in Palm Beach Gardens
Florida YIMBY has an update regarding a multi-family housing development we covered nearly 12 months ago. Our April 2024 report shed light on Gardens Vista, a 221-unit, four-story apartment complex in Palm Beach Gardens. Construction has now started on the venture, with general contractor Straticon aiming for a spring 2027 completion. The homes will occupy a 6.7-acre site…
Riviera Beach seeks developers for waterfront entertainment complex
After plans for a Margaritaville-branded hotel fizzled out, Riviera Beach’s Community Redevelopment Agency is once again seeking bids from developers to build a mixed-use commercial project on publicly owned waterfront land. Riviera Beach officials this week posted the new bid request on Bidnet Direct, an online platform for local government agency contract bids.
The Fed: State and metro employment: First quarter 2025
On April 18, 2025, the Bureau of Labor Statistics released the first quarter data for total nonfarm employees at the state and metro levels. At the state level, Texas led all states, adding 74,100 jobs in the first quarter. California had the largest decline, losing 54,800 jobs. The FRED map above shows the change in employment in each state during the first quarter. If you sum up the individual…
Florida legislative roundup: Here are real estate bills that passed and failed
In broad changes, the Florida Legislature passed bills related to condo safety laws enacted after the deadly Surfside condo collapse, and the state’s workforce housing law, known as the Live Local Act. The bills, both approved just before the legislative session closed late last week, now head to Gov. Ron DeSantis’ desk for final approval. Bills aimed at curbing mismanagement…
Aging Florida Condos Provide Developers With Strategic Opportunities
In the wake of the 2021 Surfside condominium collapse, Florida enacted sweeping changes that affect condominium governance, structural maintenance requirements, and reserve funding obligations. These changes have not only increased the financial burden on many older associations but have also created significant challenges—and opportunities—for developers and investors…
Florida Logs Some of the Biggest Apartment Supply and Demand Nationwide
Florida logged considerable apartment demand in the year-ending 1st quarter 2025, at a pace that overtook sizable new supply volumes. Sun Belt states Texas and Florida have seen massive apartment delivery volumes over the past few years, spurred by sizable in-migration volumes and economic growth. Florida logged delivery of over 80,000 new apartments in the year-ending…
What Is A Bonded Warehouse? Here’s What Shippers Need To Know
Shippers of all stripes have scrambled for the last month as the Trump administration’s blistering tariff regime came into clearer focus, seeking ways to blunt the impact of steep levies imposed on every major trade partner. One solution in particular has emerged, with industrial users hunting for access to a small and dwindling pool of property. The sought-after spaces…