Articles by Oscar Nunez

Empira Group Acquires Brickell Development Site, Plans 26-Story Multifamily High-Rise

Swiss real estate investment powerhouse, Empira Group, has made headlines with its recent acquisition of the 901 Southwest 3rd Avenue development site for $21.5 million, previously referred to as Empire Brickell, in the bustling Brickell neighborhood of Miami. This marks the firm’s second foray into greater downtown Miami’s development landscape in just under a year, with the transaction successfully closing on April 17th, 2023. With construction anticipated to begin in the first quarter of 2024, Empira Group envisions a 26-story tower comprising 310 market-rate apartments alongside approximately 2,500 square feet of ground-floor retail space. The project’s completion is slated for 2026.

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Housing Trust Group & AM Affordable Housing Break Ground On Affordable Senior Community in Bradenton

Housing Trust Group (HTG), a national affordable housing developer, has partnered with AM Affordable Housing, a non-profit founded by NBA Hall of Famer and Miami Heat icon Alonzo Mourning, to secure financing and initiate construction on Astoria on 9th. This new $37.4 million, 120-unit affordable housing community in Bradenton will cater to seniors aged 62 and up.

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Demolition Permits Filed For 1016 Northeast 2nd Avenue At Miami Worldcenter

Demolition permits are now in motion for a commercial building formerly serving as the sales center for Paramount Miami Worldcenter. Situated at 1016 Northeast 2nd Avenue, also recognized as the eastern parcel of Miami Worldcenter’s Block A, the demolition project encompasses removing a 26,946-square-foot structure, initially constructed in 1958 and expanded through 1981. The 90,827-square-foot property is poised for transformation. TNG MWC LLC, an affiliate of the New York-based Naftali Group (Naftali), is listed as the applicant of record, with plans to develop a 65-story mixed-use tower on the site.

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FAA Permits Filed For Two 329-Foot-Tall Towers At 1919 North Flagler Drive In West Palm Beach

Permits have been submitted to the Federal Aviation Administration (FAA) for work on Olara Residences, a planned 329-foot-tall residential development at 1919 North Flagler Drive in the Currie Park district of West Palm Beach. The permits were filed on April 14, 2023, and are now under review by the FAA. Located along the western side of the Intracoastal Waterway, between Butler Street and Pine Street, the two-towered, 26-story project was designed by Miami-based Arquitectonica and is being developed by New York-based Savanna, which assembled the 1.82-acre development site for $15.9 million between June 2021 and June 2022. The blueprint for Olara Residences encompasses 275 condominiums and 210 apartments for lease, with interiors designed by New York-based Gabellini Sheppard Associates, 1,570 square feet of business area, approximately 80,000 square feet of amenities, and a 30,000-square-foot eatery and gourmet marketplace.

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Trilogy Real Estate Group Proposes 33-Story Mixed-Use Tower At 212 NE 23rd Street In Edgewater, Miami

Chicago-based Trilogy Real Estate Group (Trilogy), under the TF Second and 23rd, LLC, has proposed a 33-story mixed-use building at 212 Northeast 23rd Street in the Edgewater neighborhood of Miami. Dubbed Residence 23, the development is designed by SB Architects and would feature a 367-foot-tall structure encompassing 663,757 square feet of space. The project would include 369 residential units, approximately 13,113 square feet of ground-floor retail space, parking facilities with 504 spaces, and various amenities. Kimley-Horn is the project’s civil engineer and landscape architect, while Pierce Engineers is the structural engineer. Miami’s Urban Development Review Board is scheduled to review the proposal for Residence 23 on April 19th.

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