KAR Properties

Faena Unveils a New Cultural District in Miami with a Landmark Riverfront Residential Project

8:00 am on October 24, 2024 By Oscar Nunez

Faena, in partnership with Fortune International Group and KAR Properties, is expanding its renowned brand to the heart of Miami by creating the Faena District Miami River. Set at 90 Southwest 3rd Street, this multi-phase cultural district will be located within the only 14-acre private park along the Miami River. Anchored by Faena Residences Miami, this transformative development promises to elevate Miami’s skyline and redefine the area with its blend of culture, art, and luxury living.

Developers Secure $34 Million From Bank OZK To Begin Construction On 66-Story One River Point In Downtown Miami

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

One River Point Partners, LLC, a joint venture partnership between New York’s KAR Properties and Miami’s Fortune International Group, has secured a $34 million loan to initiate the first phase of construction on One River Point, a twin-towered 66-story residential development planned for 24 Southwest 4th Street in Downtown Miami. Designed by the star architect Rafael Viñoly of Rafael Viñoly Architects, the pair of connected towers will contain a combined 368 condominium units, and sit immediately north of the Miami River. The property will enjoy a desirable location in the city’s epicenter being just minutes away from luxury retail shopping and entertainment areas as well as the major transportation hubs, the Port of Miami, Miami International Airport, and cultural landmarks such as the Adrienne Arsht Center and Perez Art Museum.

A Wave Of New Developments Transitions Hallandale Beach From Quiet Coastal Town To Blossoming City

8:00 am on November 9, 2022 By Oscar Nunez

South Florida’s quiet coastal town of Hallandale Beach is quickly becoming one of the most luxurious places to live, work and play, thanks to a wave of new high-end residences attracting affluent buyers in droves. As a result, the city is experiencing a wave of new investment in the area, with a whopping $1 billion worth of development underway, according to the Hallandale Beach Community Redevelopment Agency. These projects run the gamut from luxury residences to dining and entertainment attractions.

KAR Properties And Fortune International Group To Co-Develop 66-Story One River Point Designed By Rafael Viñoly

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

New York developer Shahab Karmely of KAR Properties and Miami developer Edgardo Defortuna of Fortune International Group announced a new partnership to co-develop One River Point, two connected riverfront-facing 66-story residential towers with a combined 300 units planned for 24 Southwest 4th Street in Downtown Miami. Under the One River Point Partners, LLC, the pair purchased the site from the original entity of One River Point, Miami River Project LLC, paying $58.85 million. The parcel enjoys an enviable location in the city’s epicenter, just steps from the Brickell financial district and luxury retail shopping and entertainment center, Brickell City Centre, as well as the major transportation hubs, and within minutes from Miami Beach, the Port of Miami, major international airports, and cultural landmarks such as the Adrienne Arsht Center, American Airlines Arena and Perez Art Museum.

KAR Properties’ 36-Story ‘MRP6’ Office Tower Submitted To Miami’s Urban Development Review Board

8:00 am on September 9, 2021 By Oscar Nunez

Plans have been submitted to Miami’s Urban Development Review Board for MRP6, a 36-story office tower to be located at the intersection of South Miami Avenue and Southwest 3rd Street in Downtown Miami. Designed by world-renown architecture firm Arquitectonica for developer KAR Properties, the structure will rise approximately 500-feet and yield 959,409 square feet of space including 462,492 square feet of office space, 6,000 square feet of ground floor retail and 762 parking spaces. Iris Escarra of Greenberg Traurig LLP is listed as the representative for the developer in the application.

KAR Properties Unveils Renderings For Two New Skyscrapers Planned For Downtown Miami

8:00 am on August 5, 2021 By Oscar Nunez

Renderings have been unveiled for two new skyscrapers from KAR Properties in Downtown Miami tentatively known as MRP5 and MRP6. The images recently appeared on the developer’s website, referred to as ‘State-of-the-art’ towers; one with multifamily residential units and retail, and the other an office building. The unveiling of the two new towers corresponds with the announcement of the relaunch of One River Point luxury condominium complex back in May, mentioning two additional phases to be added to the project. MRP5 and MRP6 are expected to rise on land already owned by KAR Properties, possibly addressed as 82 Southwest 3rd Street and 50 Southwest 3rd Street.

Waldorf Astoria Miami. Courtesy of ArX Solutions USA LLC

Haüskey And eReal Estate Holdings Partner With Major Real Estate Developers To Launch Condos.com

7:30 am on July 22, 2021 By Oscar Nunez

Toronto-based online real estate brokerage Haüskey Inc. and Miami-based eReal Estate Holding, LLC have teamed up with some of today’s major real estate developers such as Property Markets Group (PMG), OKO Group, Newgard Development Group, KAR Properties, Lennar, Tishman Speyer and several other industry leaders to launch Condos.com, a global online marketplace dedicated to new and pre-construction condominium developments. The platform takes on a digital-first approach to purchasing condos by providing a seamless online sales experience for general buyers, developers and investors. Condos.com is headquartered in Miami, and is already rapidly expanding to various markets with the intentions of revolutionizing the way people buy condos.

Brickell City Centre. Designed by Arquitectonica.

KAR Properties & Fortune International Group Buy Out Remaining Reach and Rise Residences at Brickell City Centre

7:30 am on May 24, 2021 By Oscar Nunez

New York City’s KAR Properties and Miami’s Fortune International Group are pleased to announce they have bought out the remaining 81 unit inventory at Reach and Rise Residences at Brickell City Centre, two 43-story luxury residential skyscrapers located at 68 SE 6th St. and 88 SW 7th St. developed by Hong Kong’s Swire Properties.

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