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 […]
Components of vast Miami Worldcenter coming together The vast components of the sweeping Miami Worldcenter project are coming together as residential towers rise and plans for a 330,000-plus-square-foot shopping venue are being finalized. A team representing developers Miami Worldcenter Associates LLC met with the city’s Urban Development Review Board recently with proposed façade changes to a […]
The first YotelPad to land on the East Coast will be in Miami Find studio, one and two-bedroom units, plus hotel rooms Yotel, a brand known for its cool micro hotels, is getting into residential units. The new concept is called YotelPad, and YotelPad Miami will be the first location to debut on the East […]
Macy’s to shutter historic downtown Miami store amid rash of closures Macy’s will shutter its downtown Miami store this quarter as part of a new wave of closures nationwide, the retailer announced Thursday. The company plans to close 11 stores early this year, including one in Gainesville and four in California. The restructuring will save […]
Bobby Cayre pays $15M for Miami Beach retail building New York investor Bobby Cayre just paid $15 million for a retail building on Lincoln Road. Property records show Rand Real Estate Services affiliate CLR Lincoln Associates sold the building at 337 Lincoln Road in Miami Beach to 337 Lincoln Road Holdings, controlled by Cayre. The buyer […]
Cousins Properties sells interest in Courvoisier Centre in Miami’s Brickell Key Cousins Properties, an Atlanta-based real estate investment trust, just sold its 20 percent interest in the Courvoisier Centre office complex in Miami’s Brickell Key for $33.9 million. The Courvoisier Centre, a 343,000-square-foot office complex at 501 and 601 Brickell Key Drive, was purchased in 2014 […]
Karakhanian sells Design District building Developer Alex Karakhanian sold a building housing an international fashion school in the Miami Design District to Stockbridge Capital for $22 million. Karakhanian’s Lndmrk Development sold the property at 3701 Northeast Second Avenue for $1,000 per square foot, according to a press release. Milan-based Istituto Marangoni is leasing the 22,000-square-foot, seven-story building. […]
Cirque du Soleil founder buys trio of warehouses in Little Haiti Cirque du Soleil founder Guy Laliberte is betting big on Miami. The Canadian theater impresario paid $6.9 million cash for a trio of new warehouses at 300, 310 and 320 Northeast 60th Street in Little Haiti, The Real Deal has learned. Laliberte, who founded Cirque du […]
Split decision on new mixed-use towers in Miami’s Omni area One of two mixed-use residential projects planned for Miami’s Omni neighborhood won a green light from a city review board last week as the other was deferred for more design work. Both are from The Melo Group, a family development company championed for building more affordable […]
698 Housing Units Planned at Bend of Miami River A developer plans nearly 700 residential units in two buildings on a large vacant lot at a bend in the Miami River. The project is to include 1,000 feet of public riverwalk and a small public waterfront park with a playground. The Miami River Commission is expected to […]
Historic Olympia Theater offer may still spark renovation A developer’s proposal to renovate the historic Olympia Theater building at 174 East Flagler Street in downtown Miami may be the catalyst for a restoration of the entire property – even though the proposal was withdrawn after voices of opposition were raised. Now the owner of the famous […]
Rental apartment building proposed on shore of Miami River A developer is proposing to construct a rental building with 63 market-rate apartments on the south shore of the Miami River at 1515 NW South River Drive. Antonio P. Pardo of 1515 Miami River LLC is requesting land use and zoning changes on the property from the […]
Related withdraws proposed theater renovation and redevelopment A unit of Miami-based Related Group withdrew an unsolicited proposal to renovate the historic Olympia Theater in downtown Miami at 174 East Flagler Street and convert 80 apartments above the theater to affordable housing units. Related Urban Development Group proposed the theater renovation and the residential project in a […]
American Dream Miami developer picks up more land for mega-mall Developer Triple Five Group just paid $10.8 million for land in northwest Miami-Dade County, where it plans to build the American Dream Miami mega-mall, property records show. Coral Gables-based Genesis Partner Development Enterprises LLC sold four parcels on Northwest 170th Street and Northwest 97th Avenue, just […]
Related Group plans for Olympia Theater building put off again A Related Group subsidiary’s proposal to redevelop the Olympia Theater building in downtown Miami was put off for a second time last week, as the organization that runs the theater voiced objections to the plan to alter the historic building. The proposal was supposed to get […]
