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 […]
Bridge Development scores $75M loan for Miami Gardens industrial park Bridge Development Partners just scored a $75 million construction loan and broke ground on the first phase of its Bridge Point Commerce Center project in Miami Gardens. The 2.1-million-square-foot industrial park is being built on 186 acres at 3900 Northwest 215th Street. Bridge Development bought the […]
Jungle Island’s new owner seeks approval for Watson Island hotel vote The new owner of Jungle Island is returning to the Miami City Commission later this month seeking referendum approval to build a hotel on the Watson Island site. In July, ESJ Capital Partners pulled the plug on a referendum request due to a lack of […]
American Dream Miami mega mall heads to county commission for final approvals More than a year after securing initial approvals from Miami-Dade County for what is planned to be the country’s largest mall, Triple Five Group will return to the county next month for a final OK. A development impact committee moved the $4 billion, 3.5-million-square-foot […]
$380 Million Development Bringing Rentals, Retail to Miami Riverfront The banks along the Miami River are mostly closed off to the public. Developer Andrew Hellinger is determined to fix that. “It’s not as inviting as it ought to be,” Hellinger told CoStar News. “What we’re trying to do is open up the river and invite the […]
Wynwood board approves three new office developments A Chicago developer that lured global conglomerates to the Windy City’s trendy West Loop neighborhood is looking to replicate its success in Wynwood. Sterling Bay Projects is proposing a 10-story mixed-use office building on the west side of Wynwood on Northwest Fifth Avenue between 26th and 27th streets. 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 […]
Here’s where construction stands on the massive Miami Worldcenter The $2 billion Miami Worldcenter project will create its own mini Miami skyline when it’s done. The development, spearheaded by Art Falcone and Nitin Motwani, will include a street retail component, along with an office tower, two apartment buildings and the Marriott Marquis convention center in […]
Parent company to close 7 Winn-Dixie supermarkets in South Florida The parent company of Winn-Dixie will close 30 of the supermarket operator’s stores in Florida, including seven in Broward and Palm Beach counties. Southeastern Grocers, which is preparing to file for Chapter 11 bankruptcy this month, announced Thursday that it will “voluntarily implement a court-supervised, prepackaged restructuring […]
Macy’s site on Miami Beach under sale contract Sale of the Macy’s department store site on Miami Beach is currently in process. The site is under contract, with Marcus & Millichap commercial brokerage managing the sale. The Macy’s building itself at 1675 Meridian Ave. is a two-story square building that sits on 50,000 square feet, but […]
Beckham partners eye Melreese golf course for MLS stadium site David Beckham and his partners are considering a new property for their multimillion-dollar Major League Soccer Stadium. Miami City Manager Emilio González met with Beckham partner Jorge Mas on Monday to discuss building the stadium on the city-owned Melreese golf course near Miami International Airport, according […]
One-On-One With Nitin Motwani, Developer Of Miami Worldcenter, the Second-Biggest Mixed-Use Project In The U.S. Today, Nitin Motwani is developing one of the biggest real estate projects in America, the $2B Miami Worldcenter. But he has also seen the flip side of the business, growing up with motel-owner parents in Fort Lauderdale when it was […]
Swire partners with Carlos Mattos to develop site next to Brickell City Centre Swire Properties is making moves again in Brickell. Swire is partnering with Colombian businessman Carlos Mattos to jointly develop the property at 650 South Miami Avenue, a spokesperson told The Real Deal. The developers are planning a residential project on the former Tobacco […]
Florida East Coast Industries buys more land for MiamiCentral project Florida East Coast Industries just closed on two parcels of public land in downtown Miami, locking in another component to its massive MiamiCentral mixed-use development. FECI and AAF Miami TOD Holdings LLC paid $14 million for the city-owned parcels at 104 Northwest First Avenue. Also included […]
Worldcenter Apartments Top Off The first tower at Miami Worldcenter has topped off, bringing the massive, $1.2B development a little bit closer to reality. Caoba, the Spanish word for mahogany, is one piece of the Worldcenter puzzle — a 444-unit apartment complex at 698 Northeast 1st Avenue. Miami Worldcenter will ultimately take up 10 city […]
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 […]
