Miami River site in Brickell hits market, could sell for $90M One of the last remaining large-scale development sites in Miami’s Brickell neighborhood just hit the market – 99 Southwest Seventh Street, 625 Southwest First Avenue, and 66 Southwest Sixth Street – and could fetch more than $90 million, according to the listing broker. The Trust of […]
Hilton Hotel Replaces Spanish Brand at Downtown Miami Tower Along With $57M Refi The ME by Meliá hotel in downtown Miami at 1100 Biscayne Boulevard has been replaced by the Hilton-branded Gabriel with help from a $57 million bridge loan. “We wanted to move toward a more competitive U.S. brand, and the biggest in the world […]
Amazon Plans New Facility In Miami Airport West Miami-Dade County missed out on Amazon.com’s HQ2, but it could gain a new delivery station for the e-commerce giant. Prologis filed a pre-application with county officials on March 20 to modify its warehouse at 6703 NW Seventh Street in a plan titled “Amazon Delivery Station.” Developers file […]
Royal Caribbean plans $300M office development at PortMiami Royal Caribbean Cruises Ltd. scored approval for a $300 million office complex at PortMiami. The Miami-based cruise company is looking to build a new headquarters that would house 4,200 employees, an increase from its current 2,200 employees. Royal Caribbean hired HOK, a St. Louis, Missouri-based architecture firm, to […]
ZOM Living, Moinian Group Purchase Land to Develop 43-Story Apartment Tower in Miami Worldcenter ZOM Living and The Moinian Group have partnered to purchase the land necessary to develop Luma, a 43-story, 434-unit apartment community within downtown Miami’s Miami Worldcenter project. The joint venture plans to break ground in the coming weeks. Luma will offer […]
Miami’s Blue Lagoon Has 888 Apartments, 294 Hotel Rooms Coming The turquoise Blue Lagoon swimming hole in Jamaica is stunningly picturesque. Miami’s Blue Lagoon, just south of the international airport, is, uh, slightly less so, surrounded by boxy office buildings and efficient business hotels. That’s changing, though, as Miami last week approved a plan for […]
Tommy Hilfiger to close stores in NY, Miami Beach Another Fifth Avenue fashion titan has announced it will shutter its flagship on the famed shopping strip, serving a reminder of the decline of brick-and-mortar retail. Tommy Hilfiger will close its 22,000-square-foot store at 681 Fifth Avenue, according to Women’s Wear Daily. The company will also reportedly […]
Miami Developer Charged in Bribery Case Wants to Funnel Magic City Money to His Kids Too This past Tuesday, Miami developer Robert Zangrillo was charged with crimes as part of a national FBI investigation into rich Americans who bribe colleges into admitting their spoiled, underperforming kids. Zangrillo allegedly paid an intermediary to make it appear […]
Kushner Launching First Miami Project: A $550M Apartment Complex The Kushner Cos. is launching a major apartment project in Miami, Bisnow has learned, the first in Florida for the third-generation real estate business. Courtesy of Dorsky + Yue International Rendering of 2000 Biscayne Boulevard, an upcoming project in Miami from Kushner Cos. Kushner Cos., the […]
TV dinner scion buys Little River site in Opportunity Zone An entity tied to an heir of the Swanson food fortune just picked up three parcels in a designated Opportunity Zone site in Miami’s Little River… for $5.6 million, with plans for a 7-Eleven. SP Miami, which is connected to W. Clarke Swanson Jr. bought […]
Joint Venture Purchases Historic Raleigh Hotel on Miami Beach for $103 Million A joint venture between SHVO, Bilgili Holding and Deutsche Finance America has purchased the Raleigh Hotel in Miami for $103 million. The 83-room hotel is situated in South Beach, about 10 miles east of downtown Miami, and is known for its beachside swimming […]
Host Hotels buys Sternlicht’s 1 Hotel South Beach for $610 million, setting new record Host Hotels paid $610 million for 1 Hotel South Beach, marking a new per-room record for Miami-Dade hotel sales at $1.42 million a key. Barry Sternlicht’s Starwood Capital Group and LeFrak sold the luxury beachfront hotel at 2341 Collins Avenue, according to […]
Robert Wennett wins Miami board approval for massive, mixed-use project in Allapattah Robert Wennett’s proposed massive mixed-use project in Allapattah, which could include the only co-living spaces currently allowed in Miami, is a step closer to becoming a reality. Miami’s Planning, Zoning, and Appeals Board backed the development of… The Miami Produce Special Area Plan, a […]
PTM Partners, EIG Acquire Opportunity Zone in Miami, Plan $100 Million Multifamily Development PTM Partners and Estate Investment Group (EIG) have acquired a 1.3-acre parcel in Miami’s Overtown neighborhood for $9.7 million. The joint venture plans to develop a $110 million, 18-story, 360-unit apartment complex at the site called Soleste Grand Central. The 220,000-square-foot project […]
Brickell City Centre OK’d for major expansion Brickell City Centre is poised for another major growth spurt, adding 972 residences in two towers, stores and entertainment venues, parking, a ground-level plaza, and enhancements around the South Miami Avenue Bridge. The sweeping development from Swire Properties Inc. continues to transform the Miami neighborhood south of the Miami […]
London, New York top list of global CRE investment in 2018, Miami misses the cut Global commercial real estate investment topped $730 billion last year in the top 30 cities, as investors around the world poured in a record amount. The news wasn’t all good, as investment was expected to fall this year. London maintained its […]
