All Aboard Florida’s MiamiCentral Scale Model Includes Supertower That Could Reach 1,000 Feet
Somewhere in All Aboard Florida’s headquarters is a scale model of their under-construction MiamiCentral project. We now have evidence that the model exists, and that it includes a so-called “Supertower”, thanks to Local10 cameras which captured video of it earlier this week. The supertower is planned to be built as part of the…
Construction Has Commenced At 396-Unit Paraiso Bayviews
Foundation work is underway at Paraiso Bayviews, about 14 months after developer Related Group began accepting reservations. This marks the third tower under construction at the Paraiso Bay complex. Foundation work at the 53-story One Paraiso began last month, while the first 53-story Paraiso Bay tower is now about a dozen floors up.
TriStar and RFR Capital pay $6,565 a square foot for Lincoln Road property
An affiliate of TriStar Capital and RFR paid what is near a record $6,565 per square foot for retail space on South Beach’s famed Lincoln Road. The Lauren Investment Corp., managed by Paul B. Yang in Monroe, New York, sold two retail condos in the Lauren Building at 918 and 920 Lincoln Road for $18.5 million to 918 Star LLC…
Atlantic Commercial Group Completes Sale Of Downtown Delray Building
The property is comprised of approximately 10,000 square feet of ground floor retail space and 2nd floor office space.
Publix-anchored center in Hialeah sold for $23M
The Publix-anchored El Mercado shopping center in Hialeah sold for $23.1 million. El Mercado Associates, a Miami-based company managed by Allen Greenwald, sold the 101,484-square-foot center at 2400 West 60th Street to Stockbridge El Mercado, an affiliate of Atlanta-based Stockbridge Capital Group. The deal included…
Berger Commercial Realty Tapped To Market Three-Building Retail Property
The asset is listed for sale for $32 million.
Hollywood Self Storage Facility Fetches Record Price
The $18,825,000 sales price equates to $146 per square foot.
Unusual Amenity Alert: Mikveh-Equipped Sunny Isles Condo Tower Gets Thumbs Up
Aurora, the first major condo tower to be proposed west of Collins Avenue in Sunny Isles Beach, got the big thumbs up from city commissioners after developer Verzasca Group downsized the building from seventeen stories to sixteen, from 71 units to 66, and making the average unit size about a…
Bend it Like Beckham: Finally, David Beckham’s Stadium Will Go Next to Marlins Park
Stop everything. David Beckham is about to begin negotiations with the City of Miami to build his Major League Soccer stadium next to Marlins Park. Finally. A combination of factors may have led to this decision, a bold change of heart from an earlier stance against the…
Going Up: Met Square Breaks Ground Over Archeological Site
MDM Group’s Met Square, the fourth and final portion of the Metropolitan Miami megaproject, has broken ground according to a press release. So, basically that big, gapping void between the first Met tower and the Marriott Marquis that had that amazing archeological site is being filled in with the…
Hostel Takeover: Part One
On our New Miami blog we often talk about Miami’s role as a trendsetting market for the hospitality industry. Over the last few years, Miami has been a popular launching point for luxury brands, such as The Thompson Miami Beach, Ian Schrager’s EDITION Hotel South Beach, SIXTY Hotel…
Foreign investors staking claim to Miami’s office and retail sectors
High net worth investors, families, and wealth managers from Latin America, seeking to diversify their portfolios, have been on a buying binge for office buildings and single-tenant retail properties throughout Miami-Dade County during the past 18 months, real estate…
Drastic Price Appreciation Not Uncommon
“ These are all areas that are also investing heavily in their infrastructure and maintaining high quality of life standards.”