Developer Announces Plans For 111-Unit Visions At Brickell Station Plans for a new condo-hotel have just been revealed in Brickell. Urban Network Capital Group said in a press release yesterday that it had acquired three parcels located at 1120, 1130 and 1136 SW 3rd Avenue in Miami for a combined $8.5M. The developer plans an […]
24M-Square-Foot Downtown Miami Metrocenter Moves To RFQ Phase The massive Metrocenter project in downtown Miami has moved to the Request For Qualification phase, according to the SFBJ. RFQ packages were issued February 10, the report said. After development teams are selected in the RFQ, a Request For Proposals will be issued to get detailed development […]
Terreno To Develop $491M Industrial Project At Countyline Corporate Park In Hialeah Terreno Realty Corp. intends to further expand at Countyline Corporate Park, a 620-acre master-planned industrial campus developed by Florida East Coast Industries in Hialeah. According to a Securities and Exchange Commission Filing from February 9, Terreno plans to pay $173.6 million for a […]
Revealed: 44-Story West Eleventh Residences Planned In Park West PMG, Michael Simkins’ Lion Development Group, and Marc Roberts Companies have just announced plans for a Park West tower called West Eleventh Residences, to be developed in collaboration with Airbnb. West Eleventh Residences will rise 44 stories, with architecture by Sieger Suarez Architects. The ground floor […]
John Buck JV Acquires Miami Site for TOD Project Miami Station. Image courtesy of Berkadia The John Buck Co., in a joint venture with Florida Value Partners, BH Group and PEBB Enterprises, has acquired a 1-acre site in downtown Miami for $39.5 million. The Chicago-based developer intends to build a mixed-use tower, dubbed Miami Station. […]
Edgewater project more than doubles units to 1,300 in 42-story towers A major mixed-use residential project already in progress has expanded and will bring another 800-plus residential units to Miami’s Edgewater neighborhood. Developer-owner 1900 Biscayne Property Owner LLC and 2000 Biscayne Fee Owner LLC recently presented their latest project to the city’s Urban Development Review […]
L&L Holding, Oak Row Equities Obtain $215M Construction Financing for Mixed-Use Development in Miami L&L Holding Co. and Oak Row Equities, with project partner Shorenstein Properties and co-investor Claure Group, have obtained $215 million in financing for the construction of The Wynwood Plaza, a mixed-use project in Miami. Construction will begin on the 1 million-square-feet […]
Fed’s Beige Book Brings Some Positive Signs on Inflation From mid-November through December last year, the gap between labor supply and demand appeared to narrow, and nonlabor cost increases slowed, according to the Federal Reserve Bank of Atlanta’s new Beige Book report of economic conditions in the Southeast. Broadly, economic activity grew gradually as retailers reported […]
Metronomic loses Coconut Grove project in foreclosure sale Developer Metronomic lost its completed Coconut Grove apartment project in a foreclosure sale, adding to its financial woes of recent years. Wilmington Trust, the largest creditor on GroveHaus, sold the 10-unit building at 3265 Bird Avenue for $8.1 million in a foreclosure sale to Bolonki LLC, an […]
B Group bids $102M for 20 acres in Miami’s Upper Eastside B Group Capital Management submitted a $102 million stalking horse bid for nearly 20 acres in Miami’s Upper Eastside and El Portal that are tied to a lawsuit alleging EB-5 fraud. The Miami-based… seeks to acquire the former U.S. immigration building site spanning 3.5 acres […]
MetLife sells Pinecrest shopping center to Miami JV for $71M After keeping it on its books for nearly 30 years, Metropolitan Life Insurance has sold a Pinecrest shopping center to a Miami-based joint venture for $70.5 million. An affiliate of Ibrahim Al-Rashid’s Limestone Asset Management and Joseph Sanz’ Orion Real Estate Group picked up the […]
Chetrit Group to Transform Miami River Waterfront with 4M-SF of Residence, Office, Retail, Hospitality New York based developer Chetrit Group, a privately held real estate development company, has begun its transformation of six acres of Miami River waterfront located between I-95, Southwest Second Avenue and Jose Marti Park in Miami, FL. When fully completed in 2026, […]
Chetrit revives $1B Miami River megaproject The Chetrit Group is resuscitating plans for its $1 billion megaproject along the Miami River, and is tapping hospitality mogul David Grutman to run the food and beverage operations. New York-based Chetrit secured approval in 2015 for the 4 million-square-foot phased project, planned for a 6.2-acre site south of […]
Square Mile Originates $185M Refi for Miami Asset Bezel Miami. Image courtesy of Square Mile Capital Management Square Mile Capital Management has originated $185 million in refinancing for Bezel Miami, a 43-story, Class A multifamily community in Miami, within the $4 billion mixed-use development Miami Worldcenter. ZOM Living is the owner of the asset, which […]
Genting wants over $1B for waterfront Miami site Malaysian gambling operator Genting Group is looking to cash in on its bet on Miami — while holding onto some of its chips. Genting is seeking more than $1 billion for its 15.5-acre waterfront assemblage, Bloomberg reported and sources confirmed to The Real Deal. The land at […]
TA Realty drops $241M for Medley industrial park In one of the largest South Florida industrial deals of the year, TA Realty picked up 12 warehouses in Medley for $241 million. An affiliate of the Boston-based real estate investment firm paid $241 million for a 1-million-square-foot industrial park at 9701-9793 Northwest 91st Court, according to […]
