Authority lease to add parking after challenge A new public-private partnership between the city’s parking agency and a development firm is expected to bring residential and retail development to Downtown Miami, along with extra public parking. The Off-Street Parking Board on Nov. 4 approved a ground lease between the Miami Parking Authoriy… Commercial land values […]
Condo Above Biscayne Boulevard Church Approved, May Be Built In Phases An attorney for developer Fifteen Group said yesterday that a retail and condo project above a historic church at 1836 Biscayne Blvd may be built in phases. The developer won approval for both the project and historic designation of the property. Thanks to the […]
Ytech buys 188 apartments in Miami Beach for $27M An affiliate of Miami-based developer Ytech International bought a group of 188 apartments in Miami Beach for $27.15 million. Grand Beach LLC, managed by Roland Faith and Roy Faith, sold the 11 neighboring properties to Ytech-180 Units Miami Beach Investment, headed by Ytech Chairman and […]
Developer proposes 288 apartments in southern Miami-Dade Alcazar Development Group filed an application with Miami-Dade County to build a 288-unit apartment complex in the Naranja Lakes area. The Miami-based developer would build the Alcazar Apartments on a 9.9-acre site on the north side of Southwest 284th Street just west of Southwest 152nd Street. It acquired the […]
Hyatt Centric South Beach opens Hyatt Centric South Beach Miami, a new “lifestyle hotel” developed by Miami-based Robert Finvarb Companies and its partner David Martins, is now open, the developers announced on Monday. The 105-room hotel at 1600 Collins Avenue, represents the first Hyatt Centric-branded hotel in Miami Beach, and the second Hyatt Centric… Waterway […]
Verzasca Group to Develop 19-Story Luxury Tower in North Miami Beach Verzasca Group will break ground next month on a proposed 19-story, 121,600-square-foot luxury residential tower at 17550 Collins Ave. in North Miami Beach, FL. No stranger to the South Florida development scene, the buyer has two other projects in development in Bay Harbor Islands, […]
Pics of Marriott Marquis Miami Worldcenter Hotel to open fall 2018 MDM Group revealed the opening time-frame and a first look at Marriott Marquis Miami Worldcenter Hotel & Expo Center at a media event Tuesday. The developer says the 1,800-room hotel will be delivered fall 2018 and generate more than $1 billion in local tax revenue […]
Design District land prices soar Commercial land prices have gone sky high in the Design District over the past year or so, industry experts say, because it’s finally becoming a destination. There was talk among developers a while back that this small Miami neighborhood – about 10 square blocks – could never be an area […]
Market Trend: South Florida Office Vacancy Decreases to 12.4% The South Florida Office market ended the first quarter 2015 with a vacancy rate of 12.4%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 222,580 square feet in the first quarter. That compares to positive 1,185,983 square feet in the […]
Is CRE Insurance More Expensive in Florida? With banks and insurance companies also active, real estate lending will remain competitive and favorable for borrowers. What does that mean for the insurance markets in Florida and beyond? Change orders add millions in airport costs; Is this how Broward should do business? For the third time in […]
Arrested Development: Blaming the cancelation on delays… Blaming the cancellation on delays caused by a legal dispute with a neighboring landowner in which they eventually won, Ion East Edgewater is no longer being built as a condo tower. Its developers, Sakor Development, are instead planning a mixed-use… Renovations: The Bass Museum Will Lose its Monumental […]
Miami Design District site sells for $29M A building in the Miami Design District sold for $29.25 million, nearly 100 times its last sale price, The Real Deal has learned. The 19,436-square-foot building at 1 Northeast 40th Street sold to an affiliate of Brooklyn… Two 60-story towers due on river Dual 60-story residential towers with a […]
Former Navarro Discount Pharmacies HQ building sold for $18 Million The building that formerly served as Navarro Discount Pharmacies’ headquarters in Medley was sold for $17.85 million. NDC Properties, an affiliate of Miami-based MMG Real Estate led by Marcel L. Navarro, sold the warehouse/office at 9400 N.W. 104th Street to Columbia Florida 104th Industrial, an… […]
Editor’s Note: Overnight we added a couple of new sources for Miami area commercial real estate related content, and thus have some older posts linked here as we catch up to those new sources’ posts. In any case, it makes for a good review of the recent past. Swire Properties to introduce the first “Climate […]
