TA Realty pays $60M for Regions Bank building in Coral Gables TA Realty bought the Regions Bank building in Coral Gables, amid growing interest in the city’s office Class A office market. The company paid $60 million for the property, sources said. The Boston-based firm acquired the 15-story, 146,202-square-foot Class A office building at 2800 Ponce […]
CREC Capital Purchases Retail Center in Homestead for $62.3 Million CREC Capital has purchased Homestead Pavilion, a 302,346-square-foot retail center at 2400 NE 10th Court in Homestead, for $62.3 million. The property is situated on 42.1 acres and includes a six-acre site for future development. CREC Capital plans to hold the undeveloped portion of the property […]
Beckham group submits draft lease deal for Miami Freedom Park complex David Beckham and his partners moved forward with their plans to redevelop the Melreese Country Club property in Miami into a $1 billion mega mixed-use soccer complex. Miami Freedom Park submitted a draft lease agreement to the city of Miami that outlines the terms of […]
Here are the tallest projects proposed in Miami More than 20 years ago, residential skyscrapers started sprouting up in Brickell and downtown Miami, slowly replacing low-rising condo and apartment buildings, older hotels and retail buildings. Today, Miami boasts the third tallest skyline in the U.S., trailing only New York City and Chicago with over 300 high-rises. Fueled […]
Virgin Trains USA starts building rail line to Orlando Virgin Trains USA announced Tuesday that construction of its highly anticipated expansion from Palm Beach County to Orlando is underway, beginning with preliminary groundwork for a 70-acre maintenance facility and 3.5-mile rail section at Orlando International Airport. The “Phase 2” expansion, which the company formerly known as […]
Live Nation Entertainment Becomes First Tenant of Office Building in Miami’s Wynwood Arts District Live Nation Entertainment has signed an 8,000-square-foot lease at Wynwood Annex at 215 NW 24 Street in Miami. East End Capital and The Related Group are developing Wynwood Annex, which is slated to open this summer and will offer 52,000 square […]
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 […]
