Related Group To Launch Sales For Gran Paraiso Next Month, With Interior Design By Piero Lissoni
Related Group is preparing to launch sales for the fourth tower at the Paraiso Bay complex. Details of the project haven’t been released yet, but sales will launch in early May. The developer has approval to build one more 52-story tower on the site, with 345 units. The newest tower will likely retain the exterior Arquitectonica design…
Thor Equities buying big in Wynwood: nearly a square block for $29M
New York-based Thor Equities has signed a contract to pay $29 million for nearly a square city block in Miami’s hot Wynwood neighborhood, The Real Deal has learned. The property, at 2801 Northwest Third Avenue, includes seven parcels that occupy the majority of the space between Northwest 28th Street and Northwest 29th Street…
El Portal trailer park residents sue to stop wrecking ball
Barbara Falkinburg is suing El Portal and the new owner of the Little Farm Trailer Park to stop the demolition of her mobile home. Three residents of the Little Farm Trailer Park in El Portal are suing the village, as well as the property’s previous and current owners, to stop the demolition…
Under-the-radar players
Amenities at The Crimson will include a large swimming pool, landscaped sundeck, gym and a business center.
South Florida has a wealth of prominent real estate developers and other industry professionals whose names frequently surface in headlines, and sometimes on buildings. Yet other, lesser-known…
Paramount Miami Worldcenter’s sales gallery to make its debut
Inside Paramount Miami Worldcenter’s new sales gallery, 3-D videos pop on a 36-screen wall, creating a backdrop for a huge scale model that arrived this week from Mexico. Outside, a disco ball…
Espirito Santo Plaza on Brickell for sale
Developer plans live/work lofts and boat storage project on Miami River
A group of developers is preparing a plan for live/work loft units and a boat storage facility with a marina along the Miami River. Chapman Ducote, the managing member of the development group, said he’s planning two buildings at 600 N.W. Seventh Ave. One would be a dry stack for boat storage attached to a high-end marina.
Will This New Condo Trend Take Off?
Some developers are doing away with studios and one-bedroom floor plans. Is it legal? And who’s buying?…
Starwood Hotels Giving Activists Reason to Check in
Starwood owns high-end hotel chains such as W and Westin, but analysts say it would benefit from some lower-cost hotel brands to keep up with rivals.
Beyond condos: 13th Floor aims for diverse approach to development
Miami-based 13th Floor Investments is mostly known for condo development, but its portfolio reflects diverse projects. The firm jumped into the high-end condo tower business with 100 Brickell and 400 Sunny Isles, and it also has the smaller-scale Sereno condo in Bay Harbor Islands. It’s building single-family homes in Tamarac…
Mixed-Use Development is Going North of the Design District
Just north of the rapidly densifying Design District, the historic Buena Vista neighborhood, is getting a mid-rise, mixed-use residential development to add to its mix of mostly single family houses on tree-lined streets. Along with SLH Investment Group, Groupe Terrot and UPSIDE Investments, Metro…
Tommy Hilfiger’s Raleigh Hotel Private Club Officially a Go
The City of Miami Beach has officially approved Tommy Hilfiger’s plans to revamp the Raleigh Hotel, which are being designed by Touzet Studio. The historic main structure will, of course, be preserved, with extensive renovations focused on the hotel’s cocktail bar and a…
Miami City Commissioners discussed a congestion toll…
Miami City Commissioners discussed a congestion toll, which is basically charging cars to enter a city center to alleviate gridlock and encourage mass transit use, at the last city commission meeting. Most of the discussion was centered around the perpetually backed-up US-1 south of Downtown, which…
NAI Miami Represents Landlord In 10-Year Lease At Campbell Plaza Outparcel In Homestead
The deal was negotiated by Spencer Young, Jeremy Larkin and Joseph Gallaher.
Residential market strong in Miami: report
Residential sales in Miami are up significantly, according to Douglas Elliman’s first quarter report released today.
The average sales price increased on a year-to-year basis by nearly 25 percent, to $393,343, and the percentage of closed sales increased by 12.6 percent, to 4,344…
Photos from Fendi Chateau’s Miami Open lounge
A number of tennis players and celebrities stopped in at Chateau Group’s lounge at the Miami Open tennis tournament during its two-week run. The developer was a sponsor of the tournament, and…
Broward retail center sells for $10.5M
The Shoppes of Hillsboro, a 61,165 square-foot retail center in Deerfield Beach, has sold for $10.5 million.
Marcus & Millichap’s Douglas K. Mandel, first vice president of investments, and Barry M. Wolfe, vice president of investments, both with the firm’s Fort…
South Florida by the numbers: Focus on Miami’s Health District
“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics. Very quietly, the emergence of the Miami Health District has become one of South Florida’s m…
BB&T sells 14-acre office site in Fort Lauderdale for $21M
BB&T sold the former BankAtlantic headquarters, a 185,000-square-foot office building at 2100 West Cypress Creek Road next to the Fort…
Burger & Beer, Sushi Siam among CityPlace Doral restaurants
CityPlace Doral, a massive mixed-use project in the city known for its industrial warehouses and suburban communities, announced its retailers recently. Pie Bar, Salsa Fiesta, Kings bowling alley, Mixtura, Angelo, Tommy Bahama-Island, Cooper’s Hawk, Burger & Beer…
GE’s $23B deal with Blackstone took just three weeks: Jon Gray
From the New York website: If you think the $23 billion price tag the Blackstone Group paid for most of General Electric’s real estate assets is an impressive figure, try this one on for size: three. That’s the number of weeks the private equity…
Are Brazilians Still Buying or Not?
Peggy Fucci, CEO of OneWorld Properties and Fernando de Nunez y Lugones, executive vice president of ONE Sotheby’s International Realty’s development division give GlobeSt.com their thoughts in this exclusive story…
FPL’S Nuclear Expansion Plan Could Ruin the Underline
Biking along a tranquil, green path in South Miami sounds pretty enjoyable. Next to a series of massive, ten-story nuclear power transmission lines? Not so much. That’s a real possibility facing the Underline, a project to transform the underutilized land below Miami’s Metrorail from the Miami River to the Dadeland South Station…
Millennials needed to uplift housing market, and other insights from Fannie Mae’s chief economist
Fannie Mae Senior Chief Economist Doug Duncan told a Fort Lauderdale audience that the millennial generation has been lagging behind in home ownership and their participation is crucial to uplift the housing…