Coastal Construction

Oak Row Equities Officially Breaks Ground On 2600 Biscayne Boulevard In Edgewater, Miami

Oak Row Equities has broken ground on 2600 Biscayne Boulevard, a 41-story tower in Miami’s Edgewater neighborhood that will offer a mix of multifamily residences and office spaces. Coastal Construction Group is tasked as the project’s general contractor. The design is spearheaded by the internationally acclaimed architecture firm Arquitectonica, with interiors by Portland-based Vida. The building’s design will incorporate an original public artwork by artist Derrick Adams. The project has successfully pre-leased half of its commercial space and has obtained a construction loan of $181 million from Bank OZK, reflecting the project’s significant scale within South Florida’s real estate landscape.

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Naftali Group Breaks Ground On 67-Story JEM Private Residences At Miami Worldcenter

Naftali Group has officially broken ground on JEM Private Residences, a 67-story condominium development located at 1016 Northeast 2nd Avenue in Miami Worldcenter. Designed by the Miami-based architecture firm Arquitectonica and the New York City-based interior design firm Rockwell Group, the building will rise over 700 feet and feature 259 condo units on the upper levels, 530 multi-family units on the lower levels, ground-floor commercial space, and 591 parking spaces. The development has swiftly moved from market entry to construction commencement in under five months, establishing a record pace for South Florida. This marks a significant milestone in Naftali Group’s expansion into Florida, as JEM Private Residences aims to set a new standard for quality in the region. OneWorld Properties is the exclusive brokerage, with Coastal Construction as the general contractor. DeSimone Consulting Engineering is the structural engineer, and MG Engineering D.P.C. is the MEP engineer.

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Oak Row Equities Closes $181M Construction Loan From Bank OZK For 2600 Biscayne Boulevard In Edgewater, Miami

Oak Row Equities has closed on a $181M construction loan from Bank OZK for 2600 Biscayne Boulevard, a 41-story Class AAA office and multifamily tower in Miami’s rapidly-maturing Edgewater submarket. This transaction is one of the largest mixed-used construction loans to close in South Florida in the past year. Newmark’s Dustin Stolly, Jordan Roeschlaub, Chris Kramer, and Daniel Matz arranged the financing. Remarkably, 50% of 2600 Biscayne’s office and retail space was pre-leased before breaking ground, marking it as one of Miami’s most pre-leased new construction office buildings.

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62-Story Bentley Residences Breaks Ground At 18401 Collins Avenue In Sunny Isles Beach

Dezer Development has initiated construction on the Bentley Residences, the first-ever Bentley Motors branded residences worldwide. Situated at 18401 Collins Avenue in Sunny Isles Beach, this 62-story development occupies a 2.37-acre site along the beachfront. Designed by Sieger Suarez Architects with interiors by Michael Wolk Design, the 749-foot-tall tower is set to house 216 luxury units, with over 40% already sold. The tower’s design reflects Bentley Motors’ distinct elegance and sophistication, showcased through unique glasswork and diamond-shaped panels. Douglas Elliman and Dezer Platinum Realty spearhead the marketing and sales campaigns.

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LD&D Announces Element by Westin for $200 Million Cass Square Mixed-Use Development in Downtown Tampa

LD&D, a Miami-based developer, recently unveiled the hotel brand for its $200 million mixed-use project in downtown Tampa. The development, situated on a 2-acre site at 1101 East Harrison Street in Tampa’s Encore district, will feature a 178-key hotel, announced as an Element by Westin. LD&D is collaborating with Dynamic Group Management on this 10-story hotel development.

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