Category: Top Stories

Miami Commercial Real Estate News July 9, 2025: 700-Unit MF Proposed for South Miami; 3,500-Year-Old Artifacts Found at Brickell Development Site; More…

Jul 09, 2025 - Top Stories - 0 Comments - Standard

Joint Venture Submits Sole Proposal for $10 Billion Miami MetroCenter Redevelopment Plan A joint venture between Merrimac Ventures, Related Urban, and 13th Floor Investments has submitted the sole proposal for the redevelopment of MetroCenter in Downtown Miami. The plan calls for the transformation of 17 acres surrounding the Stephen P. Clark Government Center into a […]

Miami Commercial Real Estate News July 2, 2025: Miami Beach Deauville Project Get Final Approval; Brickell City Centre Majority Stake Sold for $512M; More…

Jul 02, 2025 - Top Stories - 0 Comments - Standard

Swire sells majority stake in Brickell City Centre retail to Simon for $512M Deal breaks down to $1K psf for open-air shopping center anchored by Saks Fifth Avenue Swire Properties cashed out of the retail and parking components of Brickell City Centre in a $512 million deal with Simon Property Group. Simon, an Indianapolis-based shopping […]

Miami Commercial Real Estate News June 25, 2025: $210.5M Secured for Edgewater MF; Sunset Harbor Office Depot Site Sells for $29M; Miami Office Rents, Occupancy Up; More…

Jun 25, 2025 - Top Stories - 0 Comments - Standard

Aria Reserve’s First 62-Story Tower Reaches Completion ‘In Record Time’ Melo Group has completed the first 62-story tower at Aria Reserve. Martin Melo, Co-Principal at The Melo Group, said the first tower was delivered in record time. “We’re moving rapidly toward the completion of the North Tower,” he added. Groundbreaking for the first tower took […]

Miami Commercial Real Estate News June 18, 2025: Citadel Site Office Building Plans Filed; One Bidder for Mega Downtown Miami Project; More…

Jun 18, 2025 - Top Stories - 0 Comments - Standard

Plans Filed For Cranes To Build ‘One Of Greatest Office Buildings In The World’ at Citadel Site The Federal Aviation Administration received an application yesterday for approval to install construction cranes at the Citadel site in Brickell. According to the June 17 filing, the cranes are expected to reach a height of around 1,301 feet […]

Miami Commercial Real Estate News June 11, 2025: CityPlace Doral Trades for $88M, Miami River Dev Site for $54M, Gables Waterway Dev Site for $38M; More…

Jun 11, 2025 - Top Stories - 0 Comments - Standard

Continental Realty Corporation has bought CityPlace Doral for $88M The three-story CityPlace Doral features more than 30 retailers and restaurants. Image courtesy of JLL Continental Realty Corp. has bought CityPlace Doral, a 235,000-square-foot grocery-anchored lifestyle and entertainment center in Doral, Fla., for $87.5 million. PGIM Real Estate previously owned the asset, according to CommercialEdge information. […]

Miami Commercial Real Estate News June 4, 2025: Brickell Former Office Supertall Dev Site Sold for $200M; 1,363-Unit LLA Dev Proposed for Wynwood; More…

Jun 04, 2025 - Top Stories - 0 Comments - Standard

Swire sells Miami site planned for office supertall to Melo for over $200M Swire Properties sold the site of its once-planned office supertall in Miami’s Brickell to the Melo Group for more than $200 million in an all-cash deal, The Real Deal has learned. : The real estate arm of Hong Kong developer Swire sold […]

Miami Commercial Real Estate News May 28, 2025: Developers Team Up on $10B Downtown Miami Project Bid; Medley Industrial Trades for $31M; More…

May 28, 2025 - Top Stories - 0 Comments - Standard

Related Urban, 13th Floor, Merrimac gamble on $10B downtown Miami project bid Only one of three all-star development teams is bidding on the opportunity to build a $10 billion mixed-use complex in partnership with Miami-Dade County, The Real Deal has learned. This month, a joint venture between Related Urban, 13th Floor Investments and Merrimac Ventures submitted […]

Miami Commercial Real Estate News May 21, 2025: Coconut Grove Condo Buyout Completed; 724-Unit LLA Dev Proposed in South Miami-Dade; More…

May 21, 2025 - Top Stories - 0 Comments - Standard

Terra proposes 724-unit Live Local Act project on portion of South Dade Government Center Terra proposes a 724-unit Live Local Act project on land at South Dade Government Center that it leased from the county through a no-bid deal. The Coconut Grove-based firm wants to build a two-phase project on a 12-acre site at 10710, 10750 […]

Miami Commercial Real Estate News May 14, 2025: Affordable Housing Projects Proposed for Broward, Miami-Dade; North Bay Village Tallest Ever Proposed; More…

May 14, 2025 - Top Stories - 0 Comments - Standard

$100 Million Renovation Plan Unveiled For The Ritz-Carlton Key Biscayne A $100 million renovation plan has been unveiled for The Ritz-Carlton Key Biscayne, Miami, marking the first full-scale redevelopment of the resort since its debut in 2001. Gencom, which co-developed the original property nearly 25 years ago, spearheads the effort to modernize the 13-story, 420-key […]

Miami Commercial Real Estate News May 7, 2025: 80-Story Brickell Tower Proposed; Carnival to Build New HQ in Waterford District; More…

May 07, 2025 - Top Stories - 0 Comments - Standard

Prosper Group, Forte Development File Pre-Application For 80-Story Mixed-Use Tower At 1040 South Miami Avenue In Brickell 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 […]

Miami Commercial Real Estate News April 30, 2025: 800-Unit LLA Dev Proposed at Jackson Memorial Campus; MLS Stadium Snags $450M Construction Loan, Brickell Dev $413M; More…

Apr 30, 2025 - Top Stories - 0 Comments - Standard

MG Developer Obtains $105M Construction Loan for Multifamily Development in Hialeah MG Developer has obtained a $105 million construction loan for Metro Parc South, a 347-unit apartment community located at 954 and 934 E. 25th St. in Hialeah, a suburb of Miami. The multifamily project will be part of MG Developer’s 2.3 million-square-foot Metro Center […]

Miami Commercial Real Estate News April 23, 2025: Miami Lakes Multifamily Sold for $116M; Proposed Supertall Requests Variance for Rooftop Crown; More…

Apr 23, 2025 - Top Stories - 0 Comments - Standard

Variance Requested For Citadel HQ Brickell Supertall Rooftop Crown A variance is being requested from Miami-Dade in order to build a supertall rooftop crown at the Citadel HQ tower proposed in Brickell. Plans for the large crown were submitted to county planners in March, in a revision from earlier plans for the tower submitted in […]

Miami Commercial Real Estate News April 16, 2025: Convention Center Hotel Dev Lands $392M Loan; 41-Story 234-Unit LLA Dev Proposed for Wynwood Norte; More…

Apr 16, 2025 - Top Stories - 0 Comments - Standard

Terra, Fortune pay record $205M for waterfront Key Biscayne development site David Martin partnered with Edgardo Defortuna to pay a record $205 million for a Key Biscayne development site where they plan a 56-unit ultra-luxury condo building. Martin’s Miami-based Terra and Defortuna’s Miami-based Fortune International Group acquired the former Silver Sands Beach Resort property at 301 […]

Miami Commercial Real Estate News April 9, 2025: AI Datacenter Developer Buyers 4+ Acres in Miami’s Airport West; Miami Multifamily Rent Declines Year-Over-Year; More…

Apr 09, 2025 - Top Stories - 0 Comments - Standard

Brickell’s Mandarin Oriental Closing Soon To Make Way For 850-Foot Tower Brickell’s Mandarin Oriental hotel will close next month to make way for two new towers, according to the SFBJ. The closing date is May 31, according to an employment notice filed with the State of Florida. Two new towers are planned to be built […]

Miami Commercial Real Estate News April 2, 2025: $3B Little River MXU Development Approved; $2B MXU Development Announced for Midtown Miami; More…

Apr 02, 2025 - Top Stories - 0 Comments - Standard

Miami-Dade County Commission Approves $3B Little River District Mixed-Use Development  The Miami-Dade County Commission has granted final approval for Little River District, a $3 billion mixed-use development in Miami’s Little River and Little Haiti neighborhoods. SG Holdings, a joint venture between Swerdlow Group, SJM Partners and Alben Duffie, is the developer. Spanning 63 acres, the […]

Miami Commercial Real Estate News March 26, 2025: Wynwood Norte Projects Approved; 230-Unit Multifamily Trades for $72M; More…

Mar 26, 2025 - Top Stories - 0 Comments - Standard

Sabet and Evolve’s proposed projects in Miami’s Wynwood Norte and near Edgewater get green light Miami architect Kobi Karp pulled off a double play, scoring a green light on designs for a pair of apartment projects near Edgewater and Wynwood Norte. On Wednesday, the Miami Urban Development Review Board approved 1600 Edgewater, Sabet Group’s 33-story tower […]

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