Miami’s Edgewater neighborhood to get tallest condo yet
The Elysee Residences aims to be the tallest condo yet in Miami’s booming Edgewater neighborhood. Two Roads Development recently launched sales for the 57-story project at 700 NE 23rd Street, a waterfront site that currently has a four-story multifamily building. It would have 100 units ranging from 2,660 square feet to 4,000 square feet.
Piling Work At MiamiCentral Nearly Complete, All Aboard Florida Gets Green Light For $1.75B Financing
All Aboard Florida received approval yesterday from a Florida board to issue $1.75 billion in tax-free bonds, just as the company is completing piling work at the MiamiCentral station. The company will now be able to pay off $405 million worth of bonds issues last year that sold at a 12 percent interest rate, which were used to begin work…
Beyond being one of the main tourist destinations throughout the year, Miami and surrounding cities have become a great real estate investment opportunity not only because of its competitive price per square foot, which compared to other cosmopolitan cities around the world remains the lowest, but…
Commercial Real Estate National News Roundup For August 10, 2015
More women needed in CRE, Orlando retail and office buildings are in great demand, industrial market strong in Kansas City and more. It’s all here at the Commercial Real Estate Real Estate Roundup for August 10, 2015.
Moishe Mana bags another building in downtown Miami for big plan
Moishe Mana added another building to his collection in downtown Miami as he prepares a major redevelopment plan that will focus mainly on retail. The New York resident’s Jersey Art Holdings recently paid $6.825 million to 3 Palms Enterprises, managed by Jose Goyanes, for the 10,351-square-foot building at 4 S.E. 1st Street.
Miami-Dade Walgreens trades for $1M premium
The Walgreens at 5701 Northwest 183rd Street in Northwest Miami-Dade. A Walgreens in northwest Miami-Dade County was just sold for $5.9 million — a $1.1 million increase from its last sale two years ago. The store is located at 5701 Northwest 183rd street. It was built in 1997 on a lot…
AC Hotel in Aventura lands $35M construction loan
Norwich Partners has closed on a $35 million mortgage for its planned AC Hotel by Marriott in Aventura, according to Miami-Dade County records. Norwich is developing the 233-key property between Northeast 207 Street and…
Biscayne Beach developers launch new Edgewater tower
The developers behind Biscayne Beach are launching a new condominium in Miami’s Edgewater neighborhood, The Real Deal has learned. Elysee Residences will be a 100-unit, 57-story waterfront development at 700 Northeast 23rd Street. South Florida-based…
Miami Beach bank building sells for $21M
The United States branch of an Israeli firm just sold off a six-story financial building in Miami Beach for $21 million, Miami-Dade County records show. The 39,638-square-foot building, at 4100 Pine Tree Drive, is occupied by HSBC Bank. It was built in…
How Muse Won a $134M Construction Loan
“Miami has become an important market for condo construction lenders, in part, because of the quality of the developments being approved…”
KBS Snaps Up 100% Occupied Weston Towers
“We believe Weston Corporate Center I and II’s central location in the amenity-rich region of Broward County is irreplaceable and is an attractive draw to tenants.”
Paraiso Bayviews — next in series — to come out of the ground
Related Group’s Paraiso Bayviews — the third of four Paraiso towers aiming to transform Miami’s Edgewater neighborhood — is now 85 percent sold and is about to begin construction, The Real Deal has learned. Groundbreaking will start next week at the planned 44-story Paraiso Bayviews, which will have 388 units…