The latest proposals for Watson Island’s transformation reveal plans to develop luxury residential towers, hotels, retail, and expansive public spaces, set to appear on Miami’s referendum ballots today. This vision, which has evolved over the years with various project iterations, aims to reimagine the island into a high-end waterfront destination with enhanced public amenities.
This November, City of Miami residents will vote on Watson Harbour, a mixed-use development planned for the south side of historic Watson Island. The project, proposed by BH3 Management and Merrimac Ventures, includes two hotels,…
BH3 Management and New Jersey-based U.S. Development have plans for two towers in Clearwater, FL. The unnamed venture will comprise two nine-story buildings offering a total of 86 luxury units.
New York-based Shvo and its partners have secured a $190 million construction loan for the renovation and condominium addition at The Raleigh hotel at 1775 Collins Avenue in Miami Beach. The loan, provided by Fort Lauderdale’s BH3 Management through its BH3 Debt Opportunity Fund II, supports the partnership between Shvo, led by Michael Shvo, and the German firm Deutsche Finance. The loan encompasses The Raleigh, the Richmond Hotel at 1757 Collins Avenue, and the South Seas Hotel at 1751 Collins Avenue. The transaction was brokered by Walker & Dunlop.
The Federal Aviation Administration (FAA) received new applications for building permits to allow vertical construction for DNA Towers, a pair of mixed-use towers planned for 300 North Andrews Avenue at the border between Flagler Village and the Central Business District in Fort Lauderdale. According to the permit filings, the 40 and 45-story towers are now planned to rise 550 feet, or 555 feet above sea level, roughly 50 feet higher than the previous filing in May. Designed by Miami-based Seiger Suarez Architects with landscaping from EGS2 Corp and developed by Fort Lauderdale-based BH3 Management (BH3), the 1.4-million-square-foot development will comprise 612 residential units, roughly 60,000 square feet of experiential retail/commercial space, and a 7-story parking garage with 890 parking spaces.
