Arts & Entertainment District

$8.36M Bridge Loan Secured for Condo-Hotel Development in Miami’s Arts & Entertainment District

8:00 am on August 22, 2024 By Oscar Nunez

Forman Capital has issued an $8.36 million pre-development bridge loan secured by a residential development site along North Miami Avenue in Miami’s Arts & Entertainment District. The borrower, Royal Palm Companies (RPC), led by Dan Kodsi, plans to develop a 40-story condo-hotel on the properties, likely under the Elevate brand. The transaction was finalized on August 16, with Chief Investment Officer and Partner Scott Mehlman, along with Vice President Ty Regnier, closing the financing on behalf of Forman Capital.

Melo Group Boosts Density For 1700 Biscayne Property In Miami’s Arts & Entertainment District

8:00 am on January 1, 2024 By Oscar Nunez

Melo Group has recently expanded the development potential of its property at 1700 Biscayne Boulevard in a significant transaction. The developer is now authorized to construct 2,471 residential units on this property, marking a substantial increase from the previously allowed 1,518 units. This enhancement in development capacity comes from acquiring rights for an additional 955 units from an affiliate of Stiles Corporation, which owns the Publix property across the street at 1776 Biscayne.

Demolition And Plumbing Permits Issued For NR Investment’s Uni+Dos Site In Miami’s Arts & Entertainment District

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

Demolition and plumbing permits have been issued to Miami Gardens-based developer NR Investments for 1455 North Miami Avenue, where a 31-story mixed-use tower is planned. The 321-foot-tall structure is designed by Corwil Architects, and is planned to include 398 rental apartments, 8,539 square feet of retail space and a parking garage for 451 vehicles. The developer, under the 14th Street Development LLC, assembled the 49,800-square-foot site over the past decade, located between North Miami Avenue and Northeast Miami Court, with Northeast 14th and 15th Streets on the north and south. The project is officially addressed as 31 Northeast 14th Street, located in the Arts & Entertainments District.

Developers Plan A 418-Foot-Tall Residential Tower At 1836 Biscayne Boulevard In Edgewater, Miami

8:00 am on January 6, 2022 By Oscar Nunez

A group of developers are planning on reviving and redeveloping a nearly 1-acre piece of property near the Arts and Entertainment District in Edgewater, Miami. Skylight Real Estate Partners, Panther Capital Management and Arden Group formed a joint venture and purchased 1836 Biscayne Boulevard and 256 Northeast 19th Street from Fifteen Group for $20 million. Plans for the recently purchased site include the construction of a 40-story residential tower and the restoration of the First Church of Christ Scientist structure built in 1926, which would then be converted into over 15,000 square feet of retail. To the developer’s convenience, the property came with approved plans from 2019, allowing them to cut down on time typically spent in the planning stages.

Melo Group Plans Four 60-Story Towers At 1700 Biscayne Boulevard In Miami’s Arts & Entertainment District

8:00 am on December 12, 2021 By Oscar Nunez

One of Miami’s most active real estate developers, the Melo Group, is planning on developing four mixed-use towers at 1700 Biscayne Boulevard in the Arts & Entertainment District – previously known as the Omni District. According to The Real Deal, the developer is currently in contract to purchase the entire city block for $105 million in an all-cash deal, and will reportedly close some time later this month. The preliminary plans call for a complex of 60-story towers with a mix of condominiums and rental apartments with retail spaces across an assemblage spanning 3 acres.

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