$100 Million Renovation Plan Unveiled For The Ritz-Carlton Key Biscayne
A $100 million renovation plan has been unveiled for The Ritz-Carlton Key Biscayne, Miami, marking the first full-scale redevelopment of the resort since its debut in 2001. Gencom, which co-developed the original property nearly 25 years ago, spearheads the effort to modernize the 13-story, 420-key hotel. Completion is anticipated by December 2025…
Gencom Begins $100M Overhaul of Ritz-Carlton Key Biscayne Resort
Locally based Gencom has begun the $100 million overhaul of The Ritz-Carlton Key Biscayne, Miami resort. The 13-story, 275,000-square-foot hotel is located on a 17-acre site at 455 Grand Bay Drive on Key Biscayne, a barrier island situated south of Miami. Originally built in 2001, the property offers 420 guestrooms and 600 feet of direct beach access.
Two Projects with Affordable Housing Proposed for Broward and Miami-Dade Counties
Florida YIMBY has learned of two residential projects that will offer affordable housing in Broward and Miami-Dade counties. Here’s what we know. Keystone Holdings Group has proposed a high-rise residential tower in Miami. Measuring 18 stories above grade, Keystone Midway would offer 477 one-bedroom and two-bedroom apartments, with at least 40 percent (190) designated…
Site Work Permit Issued For Luxury 38-Story Edgewater Tower 2900 Terrace
Miami’s Building Department issued a site work permit yesterday for the 2900 Terrace property in Edgewater. The permit was issued to contractor Coastal Construction. It is the second construction permit issued for the development site. A tree permit was issued on April 30. Meanwhile, a master construction permit for a new tower continues to move through the approval process.
Panattoni seizes Flagler Station offices in deed in lieu, pays $21M for nearby building
Bridge Investment Group relinquished a Miami-Dade County office building in a deed in lieu of foreclosure and sold a nearby property for $20.8 million. The deals came as both buildings are struggling with high vacancies. Panattoni Development acquired both the half-vacant Building 1100 at 10451 Northwest 117th Avenue and Building 1300 at 9675 Northwest 117th Avenue…
Demolition Commencement Notice Filed At 90-Story Dolce&Gabbana Brickell Supertall Site
A Notice of Commencement has been filed for a Brickell Avenue property where a supertall is planned. A Developer is planning the 90-story, 1,049-foot Dolce&Gabbana Tower on the property. The NCO was recorded on April 29. It lists BG Group as the demolition contractor. The new 90-story Dolce&Gabbana tower completed administrative zoning review last year…
Miami Office Prices Remain Elevated as Development Levels Off
The Columbus Center is a 14-story Class A office building at 1 Alhambra Plaza in Coral Gables, Fla. Image courtesy of CommercialEdge Miami’s office sector started off the year with strong key metrics, according to the latest CommercialEdge data. While high vacancy rates have spread across most U.S. markets in recent years, the Magic City recorded the lowest figure among…
Historic Board Unanimously Approves 516-Foot Tower Across from Downtown Miami Brightline Station
The proposed First & Fifth tower has been granted unanimous approval by Miami’s Historic & Environmental Preservation Board. News of the approval was announced by Oak Row Equities, which is developing the project. The development includes partial demolition, alterations, an addition, and site improvements to a designated historic resource, the Salvation Army Citadel.
Construction Permits Filed For New Whole Foods In South Beach
A large new Whole Foods Market in South Beach has entered construction permitting over the past few weeks. The new store will be located on property currently occupied by a Wells Fargo Bank at 1901 Alton Road. There will be a Wells Fargo branch in the new building. Building Department records show that a total demolition permit, tree permit, foundation permit…
FAA Approves 411-Foot La Mare Hotel & Residences Structure In Brickell
The FAA granted approval for a new top of roof reconstruction in Brickell at the former One Broadway building. One Broadway is being converted into the La Mare Hotel & Residences. The rebuild includes modifying roof parapets with a modern design. The request submitted to the FAA was for new layout of rooftop obstruction lights. The FAA approval letter was issued yesterday.
Related Urban seeks extension of a ground lease for Live Local project in Miami-Dade
Related Urban is seeking more years on a ground lease to develop a Live Local Act mixed-income multifamily and office complex on a Miami-Dade County public housing site. The deal could generate $97.4 million over a century for the county, according to Miami-Dade officials. On Tuesday, the Miami-Dade County Commission’s housing committee will consider…
Keystone proposes 477-unit Live Local Act project in Fontainebleau
Keystone Holdings Group proposes a 477-unit Live Local Act project in the Fontainebleau neighborhood. The Miami-based firm wants to build the 18-story Keystone Midway on its 2-acre lot at 190 Northwest 79th Avenue in unincorporated Miami-Dade County, according to an application filed to the county early this month. The project will consist of one- and two-bedroom apartments.
Caution flags waving for bankers facing tariffs unknowns
As conversations revolving around tariffs continue to develop, the banking community is expected to become more cautious when it comes to lending. “Banks are going to be impacted basically from the risk in the economy,” said Dr. Manuel Lasaga, a clinical professor in the Department of Finance at Florida International University’s College of Business and president…
Plans for 337 MiMo area residences sidetracked
A developer is ready for the second phase of a mixed-use residential development in Miami’s MiMo neighborhood, next door to Legion Park. But the city’s Urban Development Review Board was unable to advance the application after an exhaustive review of the new site plan for phase two of Adela at MiMo Bay, at 645 NE 64th St. The project calls for six stories, up to 337 dwellings…
Miami Beach plans to lure Israeli and Jewish-owned firms
Miami Beach has voted to seek out and lure Israeli and Jewish-owned companies to the city. Commissioners in April voted unanimously to direct the city administration to develop an initiative via the city’s Economic Development Department to attract Israeli and Jewish-owned companies. “This is an item I’m incredibly proud to bring and excited about,” said Commissioner Joseph…
Olympic sailing training center to stay on in Grove
The US Sailing Center Miami, the nation’s only Olympic sailing training site, will continue to operate at Kennedy Park in Coconut Grove through 2037, preserving public access to Biscayne Bay for local and competitive sailors. During their May 8 meeting, Miami city commissioners voted unanimously to exhaust all possible lease renewals, extending the center’s lease…
FAA Permits Filed for 820-Foot-Tall Skyscraper at 19051 Collins Avenue in Sunny Isles Beach
YIMBY has spotted five recent Federal Aviation Administration (FAA) permit filings submitted on May 2, 2025, for a potential high-rise development at 19051 Collins Avenue in Sunny Isles Beach. The filings indicate a tower reaching 820 feet above ground, or approximately 828 feet above mean sea level, suggesting what could become the tallest oceanfront residential…
Exterior Work Nears Completion at NoMad Residences Wynwood in Miami
Exterior work is progressing toward completion at NoMad Residences Wynwood, a nine-story condominium development underway at 2700 Northwest 2nd Avenue in Miami’s Wynwood Arts District. Recent construction activity reveals the near-final appearance of the building’s façade, marking a major milestone for the project, which introduces the first residential…
Construction Financing Sign Installed At 61-Story Brickell Gateway Site
A construction financing sign was installed in the past few days at the Brickell Gateway project site. Developers Atlantic Pacific and Gazit Horizons are planning a 61-story, 761-foot tower on the property, which is in sight of Brickell City Centre. Plans for the development have been moving through planning approval and construction permitting with Miami-Dade County…
Foundation Pour Completed For Copper-Clad Villa Miami Tower In Edgewater
A foundation pour was completed in Edgewater over the weekend for the Villa Miami tower, according to an Instagram post by C&C Concrete Pumping. Site work for Villa Miami began in September. Groundbreaking took place in December, with the first crane installed by April. Villa is planned as an ultra-luxury, cooper-clad tower that will top off at 650 feet.
Plans Filed For North Bay Village’s Tallest Building Ever
A developer is proposing the tallest building ever in North Bay Village. According to a filing with the FAA, the building is planned to reach a height of 523 feet above ground, or 533 feet above sea level. The developer is listed as Harbor Island Development Company. The company includes executives from Related Group as its managers. Related and New York developer Macklowe…
Abandoned Industrial Sites Could Get A Second Chance Amid Shifting Manufacturing Demand
Billions of dollars in planned factory projects have been canceled or paused in the last six months, a development with the potential to pour cold water all over visions of new economic hubs in some of the country’s lower-profile corners. But a new wave of projects in industries like pharma, tech and automotive are ready to refill the pipeline, keeping demand…
FAA Filings Suggest Two 523-Foot Towers Planned For 8000 East Drive In North Bay Village
YIMBY has spotted new Federal Aviation Administration (FAA) permit filings submitted on May 8, 2025, indicating early-stage planning for two high-rise structures at 8000 East Drive in North Bay Village. The site occupies the northernmost point of Harbor Island. Currently, it houses the now-shuttered Biscayne Sea Club, a 1955-built co-op community consisting of two three-story…
New Tenants and Openings Advance Miami Worldcenter’s Retail and Dining Core
Miami Worldcenter’s expansive 27-acre development continues to evolve as several retail, dining, and lifestyle tenants recently opened their doors, adding to the growing mix of commercial offerings within the $6 billion mixed-use master plan in Downtown Miami. Located across ten city blocks, the pedestrian-oriented development is led by Miami Worldcenter Associates—headed…
Atlantic Pacific proposes 375-unit affordable, workforce housing project in Miami’s Overtown
Atlantic Pacific Companies proposes a 375-unit project with affordable and workforce apartments in Miami. The Boca Raton-based development firm wants to build an eight-story building with 10,000 square feet of ground-floor commercial space and a 421-space garage on a portion of the site at 800 Northwest Fifth Avenue in the Overtown/Park West area…
Robert Rivani’s Black Lion bids adieu to Brickell, sells two commercial units for $38M
Robert Rivani’s Black Lion exited the Brickell submarket after selling a pair of commercial condos leased to fine dining restaurants for a combined $38.2 million. Black Lion affiliates sold an 8,000-square-foot commercial unit with a 3,000-square-foot patio on the first floor of the SLS Lux Brickell condominium at 805 South Miami Avenue, and a 9,000-square-foot ground-floor space…
‘Tropical Crossings’ Proposed for South Dixie Highway and Southwest 250th Street in Princeton
Miami-based developer Pinnacle Housing has filed plans for the second phase of its affordable housing community in the region. The project comes on the heels of its predecessor, Tropical Pointe, a 215-unit development next door. Tropical Crossings will measure eight stories above grade, offering 110 studios and one-bedroom homes. The units would span about 500 to 680…
The Perigon Completes First Hydrostatic Concrete Slab Pour at 5333 Collins Avenue In Miami Beach
The Perigon, a 17-story ultra-luxury condominium tower rising on a two-acre beachfront parcel at 5333 Collins Avenue in Miami Beach’s Mid-Beach neighborhood, has reached a significant construction milestone with the completion of its first hydrostatic concrete slab pour. The operation involved approximately nine continuous hours of pouring, using 520 cubic yards of concrete…
Construction to Start on ‘NoMi Square’ This Summer at 13855 NW 17th Avenue in Miami
Nearly three years after securing approval for NoMi Square, Integra Investments is one step closer to breaking ground, thanks to a $65 million construction loan. Construction is expected to start on the seven-story venture this summer, where it’s estimated to take two years. Upon completion, NoMi Square will measure seven stories above grade and comprise 342 units…
$600M MIA Terminal Expansion Scheduled For County Vote
A contract for an expansion of MIA’s South Terminal is on the agenda next week for Miami-Dade commissioners. The South Terminal expansion received two design-build price proposals, according to a memo. The two evaluated price proposals were from Lemartec-NV2A ($532M) and Weitz-MCM JV ($743M). Officials are recommending commissioners accept the lower…
German developers launch condo sales for Cloud One Hotel & Residences Wynwood
A German partnership is moving ahead with plans for The Cloud One Hotel & Residences Wynwood, a mixed-use project with condominium and hotel components. Sebastian Lüdke of ALP.X Group, Motel One and Ralf Büschl of the Büschl Group plan to launch condo sales this month, the developers told The Real Deal. They tapped Douglas Elliman to lead sales.
Site Work Permit For Santander Tower on Brickell Avenue Enters Review
A site work permit for Brickell’s Santander Tower property entered review last week. Plans for the permit were accepted on April 28, with review beginning shortly after. A total demolition permit has already been issued and that work is underway. There is also a master construction permit for the new tower in review, and a phased vertical permit pending the start of review.
Wynwood Apartment Complex Amara Wynwood with 210 Units Nearly Complete
Hundreds of new residents are about to begin moving into Wynwood, as an apartment complex is now nearly complete. Amara Wynwood, formerly known as Wynwood station, will have 210 apartments. The 8-story building also will include 11,000 square feet of retail. There are apartments now listed as available for lease on the development website with a move-in date of May 15.
How can a product be imported tariff-free to Miami without entering the U.S.? Welcome to the FTZ
Among the warehouses that bump up against the Everglades, west of the Florida Turnpike in Miami-Dade County, is a door. And on that door is a sign. On that sign, between two Department of Homeland Security logos in red capital letters, is the word “warning.” Walk through this door and a visitor is leaving the United States — as far as international trade is concerned.
Miami Multifamily Real Estate Report – Q1 2025
Market Snapshot for Miami Multifamily Real Estate We’ve compiled key statistics (vacancy rates, absorption rates, and rental rates) and property transactions for Miami multifamily real estate in this report. The Miami multifamily report is updated quarterly by our commercial real estate professionals. We also want to cover the bigger picture and provide some information about…
Alo Yoga stretches onto Lincoln Road, plans store and private health club
Alo Yoga is looking to activate a dead corner on Lincoln Road and Collins Avenue with a new store and private health club. The Miami Beach Historic Preservation Board is scheduled to vote on Tuesday on Beverly Hills-based Alo Yoga’s planned renovation of a former Walgreens pharmacy on the ground-floor of the Decoplage condominium at 100 Lincoln Road.
Namaste: Miami Beach board approves Alo Yoga’s planned store and health club
The Miami Beach Historic Preservation Board found clarity and balance with Alo Yoga’s plans for a new store and private health club on a dead retail corner at Collins Avenue and Lincoln Road. At a Tuesday hearing, the board voted 5-0 to approve Beverly Hills-based Alo Yoga’s revamping of a shuttered Walgreens pharmacy on the ground-floor of the Decoplage condominium…
Practical Density Expectations in Miami Area 5-Story Multifamily Builds
A recurring question in multifamily development involves the viability of 5-story projects. While zoning under the Live Local Act may allow for greater height and density, in practice, many sites face economic height constraints. That is, although taller buildings may be permitted, the marginal cost of construction per unit rises significantly with each additional story—often outpacing…
Lease roundup: Maple & Ash, Earls Kitchen + Bar open at Miami Worldcenter
Two restaurants, including a Chicago-based steakhouse, are among new tenants at the Miami Worldcenter mixed-use complex. Maple & Ash opened a 22,000-square-foot flagship steakhouse on two stories at 699 Northeast First Avenue in downtown Miami, according to a Miami Worldcenter news release. Earls Kitchen + Bar opened in 8,400 square feet at 150 Northeast Eighth Street.
D.R. Horton proposes 190 townhouses, 57 single-family homes in south Miami-Dade
D.R. Horton proposes a 247-unit residential development in south Miami-Dade County. The Arlington, Texas-based homebuilder plans 190 townhomes and 57 single-family homes on the southwest corner of Southwest 344th Street and 193rd Avenue in unincorporated Miami-Dade County, according to an application filed early this month. The 26.2-acre assemblage consists…
Edens pays $51M for Davie shopping center with a big box vacancy
Edens picked up a Davie shopping center with a recent big box vacancy. An affiliate of Columbia, South Carolina-based Edens, led by CEO Jodie McLean, paid $51.2 million for Weston Road Shopping Center at 4410-4484 Weston Road, records and real estate database Vizzda show. This month, the shopping center lost its major tenant when Office Depot moved out of the 108,623 sf…
Mixed-Use Transit-Oriented University Station in Hollywood Completed
A mixed-use development has been completed in Hollywood where a new commuter rail station is planned along the Brightline tracks. Developer Housing Trust Group held a grand opening last week for the $100M project, known as University Station. It is located at the site where a future commuter rail station is planned by Broward County, with access to Miami and Fort Lauderdale.
Starlife Group Launches Vertical Construction for 13-Story Mixed-Use Development in Hollywood
Starlife Group has launched vertical construction on 21 Hollywood, a 13-story mixed-use development located in Hollywood. Designed by Miami-based architect Kobi Karp, the project will feature 200 apartments and 10,000 square feet of ground floor retail space. Starlife Builders, a subsidiary of Starlife Group, serves as 21 Hollywood’s general contractor.
Louis Birdman and partners win approval for mixed-use development with 618 apartments in Hollywood
Developer Louis Birdman and partners advanced plans to build 618 apartments in Hollywood, as part of a mixed-use development on a city-owned brownfield property just west of I- 95. The Hollywood City Commission voted Wednesday to rezone the site from “government use” (GU) to “planned development” (PD) and approve a master plan for the mixed-use development…
Developer Proposes Final Phase of ‘Shalimar at Plantation’ at 8490 Cleary Blvd
Since October 2021, Florida YIMBY has closely followed developments regarding Shalimar at Plantation, a luxury rental community in its namesake city. Now, we’re here to share updates about the community’s third and final phase: Shalimar North, the accompaniment to Shalimar West and Shalimar East. Of the three phases, Shalimar North would offer the smallest units.
Boca Raton-based Rosemurgy Properties has filed plans to redevelop the defunct Carolina Club Golf Course in Broward County into a large-scale mixed-use project. The 150-acre site would undergo a major transformation if approved by city officials. The development plan includes 377 townhomes and a six-story apartment building with 507 units, along with 57,500 sf…
42-Story, 563-Unit Tower Society Las Olas Phase 2 Tops Off In Fort Lauderdale
Society Las Olas Phase 2 has topped off. The two combined phases of Society Las Olas will include a total of around 1,200 units. The first tower, which includes 639 units, was completed in 2020 and sold in 2021. It has since been renamed Flow Fort Lauderdale. The second tower is planned to add another 563 units. According to PMG’s website, the building height…
Developer plans nine-story hotel near downtown Fort Lauderdale
A Connecticut-based developer plans to build a nine-story hotel just east of downtown Fort Lauderdale and operate it under the Canopy by Hilton brand. New Castle Hotels & Resorts won city approval Tuesday for the 172-room hotel one block east of Federal Highway and two blocks north of East Las Olas Boulevard. New Castle paid $8.5 million in 2023 to acquire…
Realterm buys industrial outdoor storage in Pompano Beach for $25M
A logistics real estate company bought an industrial outdoor storage site in Pompano Beach for $25 million. Annapolis, Maryland-based Realterm purchased the property at 3120 Northwest 16th Terrace, according to the buyer’s news release. Entities led by Scott Daiagi sold the two-lot site, records show. Roberto Susi and Jose Sasson-Lerner of Axiom Capital Advisors represented…
Phase One of Parks at Delray Completes Construction at 2100 South Congress Avenue in Delray Beach
Construction has wrapped up on Phase One of Parks at Delray, a sprawling mixed-use development located at 2100 South Congress Avenue in Delray Beach, Florida. General contractor ANF played an integral role in delivering this initial phase, comprising 420 luxury rental units within the expansive 43-acre community. Developed by 13th Floor Investments and Key International…
Rockpoint JV sells West Palm office tower for $45M – 26% discount from purchase price four years ago
Bradford Allen Investment Advisors bought the One Clearlake office tower in West Palm Beach for $45 million, marking a nearly 26 percent discount from its previous sale price four years ago. Boston-based Rockpoint and its partners sold the 18-story building at 250 South Australian Avenue, according to records and real estate database Vizzda.
Riviera Beach approves 25-story mixed-use condo project
Forest Development’s Peter Baytarian can move forward with plans to build a pair of 25-story mixed-use condo towers in Riviera Beach. The Riviera Beach City Council Wednesday evening unanimously approved a pair of resolutions tied to the project, called Oculina, to be built at 3700 Broadway. Designed by Palm Beach Gardens-based Insite Studio, the Oculina project will be…
Live Local developers eye outcome of civil lawsuits and latest bill
Florida lawmakers recently strengthened the Live Local Act’s state control over municipalities, aiming to crack down on cities and counties that try to block applications filed under the workforce housing law. The amendments, unanimously approved by the House and Senate, which now await Gov. Ron DeSantis’ signature, are geared toward encouraging more Live Local Act projects.
Video: Ethan Chernofsky of Placer.ai Discusses RTO vs WFH Trends
In the world of commercial real estate, the pandemic has catalyzed significant shifts in the way workplaces function, and how businesses and employees perceive the office environment. As the host of America’s Commercial Real Estate Show pointed out, the pandemic has precipitated the widespread adoption of hybrid work models, leading to changes in office building traffic…
ULI Special Report: Optimism and Uncertainty
Both uncertainty about the economy and predictions of relatively strong performances for most commercial real estate asset classes permeated the second day of the Urban Land Institute’s 2025 Spring Meeting. At the same time, present sector fundamentals and economic indicators did little to assuage larger concerns for panelists around the yet-to-be-seen impacts of tariffs…
PolitiFact FL: Did Canadian tourism to Florida decline amid Trump’s 51st state comments?
Canadians have long spent wintertime in Florida, trading in frigid temperatures for the Sunshine State’s sunny beaches and spending money on restaurants and hotels that cater to Canadian tourists. But President Donald Trump’s rhetoric and actions targeting Canada has given some Canadians pause about spending money in the U.S. Trump has repeatedly said Canada should…
After Recent Policymaking Meeting, Atlanta Fed President Discusses FOMC Decision
The Federal Open Market Committee (FOMC) voted unanimously Wednesday to hold interest rates steady amid uncertainty over trade policy, as well as economic concerns that have been observed but have yet to appear in data. Atlanta Fed president Raphael Bostic supported the decision, citing the potential continuation of the current period of uncertainty.
Glory Days Ahead for Multifamily Owners in 2025
Like many other real estate assets that underwrote exceptionally well in 2021–2023, multifamily sits near the top. The tailwinds were significant: low interest rates, a mass shift to remote work, cap rates that dropped 10–20%, banks that were bullish on commercial real estate, and no tariffs. There was so much momentum that developers could absorb rapidly increasing…
Video: Fountain Residential CEO Brent Little on the Student Housing Sector Today
In a recent episode of America’s Commercial Real Estate Show, the host welcomed Brent Little, the President and CEO of Fountain Residential, to delve into the multifaceted world of student housing. Fountain Residential has been operating exclusively in the student housing sector for nearly a quarter of a century, developing over 50 projects across the United States…