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Street in downtown Miami may be the catalyst for a restoration of the entire property – even though the proposal was withdrawn after voices of opposition were raised.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 […]
Turkish developers plan 73-story downtown Miami tower A surface parking lot in the heart of downtown Miami is destined for new heights – Turkish developers plan a 73-story tower to be called The Sterling. The nearly 966-foot tower is to be home to a 300-room hotel, 363 dwellings, commercial-retail and office space. The architectural team says the […]
Israeli investment firm buys office building near Miami International Airport An Israeli investment firm just paid $10.9 million for an office building near Miami International Airport, according to a release. Netz U.S.A. LLC bought the 82,763-square-foot building from Montreal, Canada-based entity TMSA Altis 5040 LLC. The nine-story building, 50Forty on 7th, at 5040 Northwest 7th Street, […]
Walmart-anchored center in Miami Gardens hits the market at $12.5 milliont A Walmart-anchored shopping center in Miami Gardens just hit the market for $12.5 million, according to a press release. The 62,500-square-foot shopping plaza at 3791 Northwest 167th Street is asking about $200 per square foot. Records show North Miami Beach-based Macken Companies bought the 7-acre […]
Hurricane Irma damage now estimated at up to $65 billion Property damage from Hurricane Irma is now estimated to reach $42.5 billion to $65 billion, with as much as $30 billion for flood-ravaged homes not covered by insurance, according to a newly released report from CoreLogic. The total figure includes both insured and uninsured losses for […]
American Dream Miami mega-mall draws traffic concerns Traffic In Miami-Dade and Broward counties is still a concern for the development of the American Dream Miami mega-mall in Northwest Miami-Dade County as meetings continue throughout the fall. “It’s a little under two miles South of our county line, so we know it’s going to generate traffic impacts […]
Related, Partners Sell CityPlace Doral Apartments For $135 million The Related Group, Shoma Group and PGIM Real Estate Investors just sold a piece of CityPlace Doral. Property records show the developers sold the Manor at CityPlace, at 3450 Northwest 85th Court, to TA Realty affiliate FHF I Manor Doral for $135 million. The deal breaks down […]
HFF Announces $110.3 Million Financing of J.P. Morgan and Magellan Development Group’s Midtown Miami Mixed-Use Tower Holliday Fenoglio Fowler, L.P. (HFF) announces $110.3 million in financing for the development of Midtown 6, a 31-story, mixed-use residential and retail tower in Midtown Miami. “We are excited to watch Midtown 6 continue to build out Midtown Miami, as […]
California firm pays $5.6 million for building in Miami Beach, plans co-working space A Hollywood, California real estate firm just paid $5.6 million for an office building on 41st Street in Miami Beach where it plans to launch a co-working space. Property records show 820 AGR LLC, a company controlled by investor and developer Michael Simkins, […]
EI-American RE Sells The Conrad Miami Hotel on Brickell Mast Capital and Angelo Gordon & Co. acquired The Conrad Miami hotel at 1395 Brickell Avenue in Miami, FL for $72 million, or about $355,000 per room, from EI-American Real Estate, Inc. The 36-story, 203-room hotel was built in 2003 in the Brickell submarket. It totals 212,503 […]
Torburn Partners sells chunk of former Motorola office park for $57 million to Miami Based Midtown Capital Partners Northbrook, Illinois-based Torburn Partners just sold a portion of an office park in Plantation for $56.6 million to Miami-based Midtown Capital Partners, led by Alejandro Velez, property records show. The two buildings at 7600 and 7700 West Sunrise […]
