DesignAgency

Developers Close On $141.5 Million In Financing For NoMad Residences Wynwood

8:00 am on May 13, 2024 By Oscar Nunez

Related Group and Tricap have secured $141.5 million in financing for NoMad Residences Wynwood. The project, underway in Miami’s Wynwood Arts District, received a $51.5 million mezzanine loan from Related Fund Management and a $90 million senior construction loan from Kennedy Wilson. The nine-story condominium tower commenced construction in October 2023 following its September groundbreaking. Located at 2700 Northwest 2nd Avenue near the Wynwood Walls, the building is designed by Arquitectonica, with interiors by DesignAgency.

Merrimac Ventures & Aria Development Group Secure $95M Construction Loan For 600 Miami Worldcenter Condominium In Downtown Miami

8:00 am on February 6, 2024 By Oscar Nunez

A joint venture between South Florida-based developers Merrimac Ventures and Aria Development Group is preparing to break ground on 600 Miami Worldcenter, a 32-story condominium tower set within Downtown Miami’s Miami Worldcenter 27-acre mixed-use development, which will deliver 606 fully furnished units with no restrictions on short-term rentals. The upcoming groundbreaking will be made possible with a $95 million construction loan from Banco Inbursa to fund the sold-out tower’s development at 600 Northeast 1st Avenue. Construction is expected to be completed in 2026.

Nichols Architects-Designed 36-Story ‘Modera Riverside’ Tops Out At 300 SW 2nd Avenue In Downtown Miami

8:00 am on February 3, 2024 By Oscar Nunez

Nichols Architects-designed Modera Riverside has topped off in downtown Miami. As of Friday, January 26th, the 410-foot-tall structure reached its final height of 36 stories, positioning itself at the intersection of Brickell, Downtown Miami, and the burgeoning Miami River District. The residential tower boasts 428 apartments, offering a diverse range of living spaces from cozy studios to expansive three-bedroom units, catering to a broad spectrum of residents. Construction is expected to complete later this year.

Developers Complete Utilities Deal With Miami-Dade County For 31-Story Tower At 600 Miami Worldcenter

8:00 am on December 22, 2023 By Oscar Nunez

The 31-story 600 Miami Worldcenter (600 MWC) has reached a significant development milestone, with the developers securing a utility agreement from Miami-Dade’s Water and Sewer Department. This agreement is essential for providing services to the building, marking notable progress in this pre-construction phase of the project. Designed by Revuelta Architecture International and featuring interiors by Designagency, the development is a joint venture between Aria Development and Merrimac Ventures under the 55 NE 6TH ACQUISITION LLC. The 327-foot-tall structure is set to rise at 600 Northeast 1st Avenue, bordered by Northeast 6th Street to the south and train tracks to the north. OneWorld Properties is exclusively managing sales and marketing for the project. Miami’s Urban Development Review Board recommended approval for 600 MWC in July.

Related Group And Tricap Break Ground On NoMad Residences Wynwood

8:00 am on September 29, 2023 By Oscar Nunez

Miami-based real estate development company Related Group (Related) and Manhattan-based developer Tricap broke ground on NoMad Residences Wynwood, the first residential concept from boutique hotel brand NoMad Hotels and its parent company, Sydell Group. Located at 2700 Northwest 2nd Avenue, just steps from Miami’s world-famous Wynwood Walls, the nine-story condominium tower boasts an eclectic, modern design by South Florida-based Arquitectonica and interiors by the renowned DesignAgency. Beauchamp Construction is the general contractor, Johnson, Avedano, Lopez, Rodriguez & Walewski Engineering Group, Inc. is the MEP Engineer, and Naturalficial is the landscape architect. With over 75% of its homes now in contract and vertical construction imminent, NoMad Residences Wynwood is expected to reach completion in 2025.

Construction Completes On 37-Story Cascade At 3050 Southwest 37th Avenue In Miami

8:00 am on January 25, 2023 By Oscar Nunez

Construction is complete on Cascade, a 37-story multi-family building at 3050 Southwest 37th Avenue in Miami. Designed by Arquitectonica and developed by a joint venture partnership between Miami-based real estate developers 13th Floor Investments and Adler Development, in partnership with global investment manager Barings, the building contains 421 modern apartment homes from studios to three-bedroom floor plans, encompassing 510 to 1,323 square feet of space. The project is the second residential tower to be delivered within the 7-acre Link at Douglas master plan, bound by Peacock Avenue to the north, Southwest 37th Avenue (Douglas Road) to the east, Shipping Avenue and South Dixie Highway to the south, and Southwest 37th Court to the west. Civic Construction served as the general contractor for the building, which received its Temporary Certificate of Occupancy (TCO) from Miami-Dade County on Jan. 5.

Developers Acquire Last Miami Worldcenter Development Site For 600+ Unit Condo Project

8:00 am on December 1, 2022 By Oscar Nunez

A joint venture between Miami-based Aria Development Group and Fort Lauderdale-based Merrimac Ventures has acquired the last remaining parcels of land at the 27-acre Miami Worldcenter mixed-use district in Downtown Miami. The 34,800-square-foot assemblage includes a 24,000-square-foot site at 33, 45, and 55 Northwest 6th Street known as The Miami Link, acquired from I L A Employers Welfare Fund SE FL Ports Inc. (International Longshoremen’s Association) for $11 million, and a 10,800-square-foot-site at 600 Northeast 1st Avenue, acquired from Miami SPE LLC for $6.5 million, bringing the total acquisition cost to $17.5 million. The developers are planning a residential condominium tower with over 600 units across as many as 32 floors. Revuelta Architecture International is the design architect, and The Design Agency is handing interior design.

YIMBY Reveals Interiors For NoMad Residences Wynwood

8:00 am on September 19, 2022 By Oscar Nunez

Interiors have been revealed for NoMad Residences Wynwood, a 9-story residential building planned for 2700 Northwest 2nd Avenue in the heart of the Wynwood Arts District, Miami’s cultural and creative capital. Meticulously designed by global award-winning architecture firm Arquitectonica with interior spaces by Toronto-based DesignAgency and developed by Florida’s leading real estate developer Related Group and partners Tricap and Sydell Group, the development will yield 329 fully finished and furnished turnkey residences in a mix of studio to two-bedroom floor plans ranging from 464 to 931 square feet. Located between Northwest 27th Street and Northwest 27th Terrace, the development is expected to break ground in Q4 of 2022.

First Look For NoMad Hotels First-Ever Residential Project Planned In Wynwood, Miami

8:00 am on April 17, 2022 By Oscar Nunez

Florida’s leading real estate developer Related Group, together with Manhattan-based developer Tricap, have unveiled plans for the NoMad Residences Wynwood, the first residential concept from the global hospitality icon NoMad Hotels and its parent company, Sydell Group. Located at 2700 Northwest 2nd Avenue in Wynwood, Miami, just steps from the world-famous Wynwood Walls, the 9-story structure is designed by global award-winning architecture firm Arquitectonica with interior spaces by Toronto-based DesignAgency. The development yields 329-units ranging from 464 to 931 square feet with reservations scheduled to launch this month. Prices will start from $500,000 with Fortune Development Sales as the exclusive sales and marketing firm. Related and Tricap are targeting Q4 2022 for ground breaking.

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