May 14, 2015 - 0 Comments - Top Stories -

Miami Commercial Real Estate News May 14, 2015

Offices of Keyes Commercial Real Estate / Keyes Commercial Realtors / Keyes Commercial Realty / James Hawkins

Keyes Commercial Realtors

Developer details plans for office condo in Aventura

The developer of the Aventura ParkSquare mixed-use project has revealed more about its office component.  The 100,000-square-foot, ‘Class A’ office tower ParkSquare Signature is being sold as commercial condo units, Integra Investments Principal Victor Ballestas said. Already six of the nine floors have been sold…

Preservation Watch: Shore Club Can’t Demolish Historic Cromwell Hotel

The Shore Club was denied a demolition permit for the historic Cromwell Hotel, an eight story structure on the northern portion of the property yesterday, while the rest of the project was generally give a thumbs up. After a heated meeting with neighbors at the Setai, to the north…

Developer to break ground on 19-story tower in Miami’s Midtown/Design District

A 19-story residential and retail tower is about to break ground on the border of Miami’s Midtown and Design District neighborhoods.  ADD Inc., now part of Stantec, is the architect and interior design firm on the District 36 project by MREG NE36, a joint venture of New York developers Mack Real Estate Group and…

Karp family picks up Biscayne office building, plans renovation

It’s all in the family with the Karps. Nancy Karp bought an office building last week on Biscayne Boulevard and Northeast 116th Avenue, The Real Deal has learned. Alone BH, a Miami-based LLC led by Mariano Braver and Jorge Braver Sr., sold the nearly 1-acre site at a loss for $2.7 million to an investment group led by Nancy Karp.

Revenge of the megaprojects: The Island Gardens superyacht marina,…

The Island Gardens superyacht marina, now under construction on Watson Island, will be ready the first week of December, a.k.a. Art Basel, says Mehmet Bayraktar, developer of the marina. The rest of the project, including the commercial and residential components (condos you’ll apparently be able…

Florida Real Estate Case Law Updates

The Court considered whether Florida’s Rule of Civil Procedure allowing for corrections of “clerical mistakes,” encompasses authorization to supplement a final deficiency judgment by clarifying the party…

Manufacturing Company To Build HVAC Plant That Could Create 200 Jobs In Miami-Dade

The Malaysia-based HVAC firm plans to form a joint venture with Miami-based HVAC/R International and build a 50,000-square-foot facility in northwest Miami-Dade County.

Silverspot Opening Our Downtown Movie Theater At Met Square In Fall Of 2016

Silverspot Cinema’s downtown Miami movie theater is scheduled to open in Fall of 2016, the company said in a release yesterday.  That means that the theater will likely open on the lower levels of Met Square prior to the completion of an apartment complex on the upper floors of the project.  A similar construction schedule…

Maison & Objet attendees

South Florida’s most prolific condo developer is more determined than ever to place art — paintings, sculptures…

JMH Development gets the go-ahead for Indian Creek project

New York-based developer Jason Halpern’s JMH Development has been given the go-ahead to carry out a rare demolition in South Beach, in a bid to build a 35,000-square-foot condo building at 2901 Indian Creek Drive. Halpern paid $5.65…

Industrial developer picks up 28-acre vacant lot for $12.2M

A 28-acre tract in western Miami-Dade just sold for $12.2 million to an industrial developer.
The vacant plot, located just west of the Dolphin Mall, will be transformed into a distribution center with warehouses by its new owner DCT Industrial. The company…

Skanska signs $33M contract to renovate Broward Health children’s hospital

Skanska USA signed a $32.7 million contract to renovate the Chris Evert Children’s Hospital at Broward Health in Fort Lauderdale, the company announced Wednesday.  The overall plan includes 102,000 square feet of inpatient…

Watson Island marina to open during Art Basel, developers say

Island Gardens, the planned mixed-use development on Miami’s Watson Island, will open its marina in time for Art Basel this year.  The $1 billion project, designed by Nichols Brosch Wurst Wolfe & Associates, will include two luxury hotels, a residential building…

Dadeland Mall announces new stores, expansions

Renovations to Dadeland Mall’s Coach and Steve Madden stores are wrapping up, Simon announced on Wednesday.
Kay Jewelers has opened its new 1,910-square-foot store at Dadeland, which opened its 30,000-square-foot terrace dining wing last year, according to a press…

TRD Forum: Crowdfunding competition heats up

Marty Burger, Dan Miller, Rodrigo Nino and Allen Shayanfekr at The Real Deal’s New Development Showcase and Forum.  Spend enough time around tech startups, and you will inevitably hear some pretty violent analogies. The business…

What CRE Owners Need to Know This Hurricane Season

Hurricane season is right around the corner and forecasters are predicting the most active and dangerous spell in three years. Are you ready?