Miami Development News: 262-unit apartment tower breaks ground in Brickell Maizon Brickell is going vertical Maizon at Brickell broke ground recently at 1100 Southewest 2nd Avenue in the western edge of Brickell. Developed by Zom and Invesco Real Estate, the mixed-use project entails 262 apartment units, over 350 parking spaces, and 15,300 square feet of retail. […]
Rockpoint Group acquires 1221 Brickell office building Rockpoint Group has acquired 1221 Brickell (aerial), a Miami office building. The seller was not identified. No financial terms were disclosed. Holliday Fenoglio Fowler LP represented the owner in the sale. Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of 1221 Brickell Avenue, a […]
Historic Buena Vista Post Office building in Miami’s Design District sells for $8.1 million The historic Buena Vista Post Office building in Miami’s Design District just sold for $8.125 million, marking a near-record price per square foot in the redeveloping neighborhood, The Real Deal has learned. The 2,287-square foot building at 4000 Northeast Second Avenue, which […]
At a cool $1.05 billion, Brickell City Centre makes Business Insider list of 8 most expensive real estate developments in American history Located in Miami’s financial district, the Brickell City Centre cost approximately $1.05 billion to build from 2014 to late 2016. The mega-development spans five blocks and consists of shops, a movie theater, restaurants, office […]
Paramount Miami Worldcenter clinches $285M construction loan Developer Dan Kodsi closed on a massive $285 million construction loan for Paramount Miami Worldcenter, marking the second biggest condo construction loan to close in Miami-Dade over the past two years. Inbursa Bank provided $170 million and BC Immigration Fund provided $115 million in financing for Paramount, a […]
Towering Miami condo ’18’ – inspired by flower – bed planned for Brickell A 76-story mixed-use development called 18 is planned at the Miami strip center in Brickell anchored by a Burger King, according to The Next Miami. Set to be reviewed by Miami’s Urban Development Review Board next week, the project calls for four levels […]
Experts forecast the state of Miami’s real estate market in 2017: panels From the rising tide of foreign investment in commercial real estate and the future of the popular EB-5 visa program to how long the residential slowdown will last, some of South Florida’s top real estate players offered their take on what the market […]
$60 million Jungle Island deal to go before Miami commission Jungle Island’s proposed redevelopment could move a step forward on Thursday. The Miami City Commission will consider approving a lease transfer to an Aventura-based real estate firm in a deal valued at $60 million. Jungle Island (property info) owner Bern Levine plans to sell the theme […]
PortMiami Awarded $33M In Improvement Grants The State of Florida has awarded PortMiami $33 million in grants to be used for port improvements in the next five years. Such improvements are deemed necessary as the effects of the Panama Canal expansion start being felt with the arrivals of ever larger ships. PortMiami is the US […]
Moishe Mana buys downtown Miami office penthouse Investor Moishe Mana paid $1.7 million for the penthouse office condo at a Wells Fargo building in downtown Miami. Mana bought the two-story penthouse at 100 East Flagler Street, a 7,609-square-foot condo with 10 offices on the top floor, three on the second… Madison Capital buys retail space at […]
Brickell condo development may slow Riding a five-year trend of high absorption levels, developers planned another robust year of new construction in Brickell’s hot condo market. But early signs suggest 2016 might be different. The market took delivery of well over 1,000 units in 2015, and about three times that many sit on the… High-profile […]
China City Residential Tower Is Challenged In Court China City Construction recently got approval to build a residential tower in North Beach, but neighbors are asking for a court to overturn that approval. Records show that attorney Kent Harrison Robbins filed a Petition for Writ of Certiorari on May 20 in a Dade court. The […]
Joint Venture Secures $60M Refinancing for Brickell City Tower A joint venture that includes Crock Partners, LLC, Independencia Asset Management and Banyan Street Capital secured a $60.8 million refinancing for its Brickell City Tower office building at 80 SW 8th Street in Miami. Square Mile Capital Management LLC originated the entire loan for the office […]
Brickell City Centre sells nearly $500M in condos Swire Properties, developer of the Brickell City Centre mega-project, just announced condo sales at the project have reached nearly half a billion dollars. The announcement is a major milestone for the $1.05 billion project, which broke ground in 2012 and is aiming to finish its… Giralda Place […]
Mixed-Use Square Station Planned for Downtown Miami Months after Melody Tower topped off Months after Melody Tower topped off in Downtown Miami and Melo Group has announced another large mixed-use project nearby called Square Station. It will include 34-story twin towers comprised of 710 residential units, over 900 parking spaces, and 15,000 square foot… JV […]
Alton Road Mixed-Use Property Fetches $8.65 Million Scott Sandelin and Alejandro D’Alba represented both the seller and the buyer in the transaction. CMC Group Breaks Ground on 64 Story Brickell Flatiron in Miami Ugo Colombo’s CMC Group has broken ground on a 64-story condo tower in the heart of Miami, FL. The Brickell Flatiron will […]
