Articles by Oscar Nunez

Construction Tops Off On 42 Pine At 340 West 42nd Street In Miami Beach

8:00 am on June 16, 2023 By Oscar Nunez

42 Pine, the highly anticipated boutique residential building at the prime intersection of Pine Tree Drive and 42nd Street, has reached its topping-off milestone, signaling significant progress towards its projected completion in Q1 2024. Designed by the esteemed architectural firm Arquitectonica, this eight-story structure embodies timeless sophistication, poised to become a neighborhood icon. Last year, the project secured $35.5 million in financing from BridgeCity Capital to initiate construction, demonstrating strong investor confidence in the development’s success. Jacob Companies is the general contractor.

Related And BH Group Acquire $28.5MM Loan for Pompano Beach Site On N. Ocean Boulevard

7:30 am on June 16, 2023 By Oscar Nunez

Related Group, led by renowned developer Jorge Perez, and BH Group, headed by Isaac Toledano, have secured a substantial $28.5 million loan from Centennial Bank for their latest venture in Pompano Beach. This hidden gem of South Florida has been captivating the attention of real estate developers, restaurateurs, and prospective residents, thanks to its waterfront allure and emerging status as a coveted destination.

Renderings From Kobi Karp Reveals Design For Witkoff Group’s 3 Tower Mixed-Use Development At Miami Worldcenter

8:00 am on June 15, 2023 By Oscar Nunez

Renderings have been revealed for the highly anticipated 700 North Miami Avenue at Miami Worldcenter, an ambitious three-towered mixed-use complex set to rise on the former site of the Miami Arena. Developed by the renowned…

Housing Trust Group Breaks Ground on $100 Million Mixed-Use ‘University Station’ Development in Hollywood, Florida Along Future Commuter Rail

7:30 am on June 15, 2023 By Oscar Nunez

Housing Trust Group (HTG) has secured financing for University Station, a $100 million mixed-use development in Hollywood, Florida. This significant project, the largest undertaken by HTG to date, is a collaboration between HTG and the City of Hollywood, forming a true public-private partnership (P3). University Station will feature a range of workforce and affordable housing options, retail spaces, public and private parking, and a new home for Barry University’s College of Nursing and Health Services. The partnership was initiated through an unsolicited proposal under Florida’s P3 statute 255.065. Construction is set to commence in June 2023, with an expected completion in Spring 2025.

DAMAC International Seeks Approval For 12-Story Condominium Designed By Zaha Hadid Architects In Surfside

8:00 am on June 14, 2023 By Oscar Nunez

DAMAC International has officially submitted its planning application to the Town of Surfside for the former Champlain Towers South site. This application unveils a remarkable Zaha Hadid Architects (ZHA) design, marking the second collaboration between DAMAC International and the renowned British architecture and design firm. ZHA’s first project in Miami, the iconic One Thousand Museum Tower, captivated the world with its striking curvilinear structure when it was revealed in 2019.

Museum Of Ice Cream To Open Permanent Location At Miami Worldcenter In 2024

7:30 am on June 14, 2023 By Oscar Nunez

Museum of Ice Cream (MOIC), the beloved interactive ice cream-themed environment, is set to establish a permanent presence in Miami. The eagerly anticipated new location, slated to open in early 2024, will find its home at Miami Worldcenter, a vibrant development in Downtown Miami. The 14,000+ square-foot space will be thoughtfully designed by MOIC’s in-house team, incorporating AI technology to create an enchanting and immersive experience, much like its highly successful pop-up predecessors.

Grover Corlew Welcomes Now Optics To Delray Central Amidst Upcoming Mixed-Use Development

8:00 am on June 13, 2023 By Oscar Nunez

Grover Corlew, a South Florida-based real estate investment group, has announced the relocation of Now Optics to Delray Central. Now Optics, the parent company of leading affordable eyewear brands Stanton Optical and My Eyelab, has moved its headquarters to a 14,438-square-foot space at Delray Central, 1615 S. Congress Avenue. This site will also host a planned mixed-use development project, including Mayla Delray, an upscale 271-unit multifamily community with high-end lifestyle amenities.

FAA Greenlights 301-Foot-Tall Residential Tower For Civica Center Phase II In Miami

8:00 am on June 12, 2023 By Oscar Nunez

The Congress Group and Taurus Investment Holdings, LLC, Boston-based developers, have secured Federal Aviation Administration (FAA) approval for Civica Center Phase II, a 27-story residential tower set to rise at 1050 Northwest 14th Street in Miami’s Allapattah neighborhood. The 301-foot-tall structure is designed by CUBE3 Architects, with Kimley-Horn serving as the civil engineer and landscape architect.

Concord Summit Capital Closes $12 Million Loan For Downtown Miami Development Site, Paving Way For 52-Story Tower With 545 Multifamily Units

8:00 am on June 11, 2023 By Oscar Nunez

Concord Summit Capital, LLC (“Concord Summit”) has arranged a $12 million bridge loan for an infill property in Downtown Miami. Managing Director Justin Neelis and Associate Keegan Burger of Concord Summit’s Miami office sourced and advised the loan. The bridge loan is intended to refinance the existing mortgage and provide predevelopment funds for the sponsor, Bluetrich Holdings, Inc (BHI). BHI plans to utilize these funds to realize its vision for the property, a 0.55-acre parking lot acquired in 2021 for $18 million. The site at 130 Southeast 1st Street benefits from the highest density zoning allowed, presenting a significant development opportunity.

Argentina-Based Developers Plan Multifamily Project in Miami Beach, Replacing Single Family Home

8:00 am on June 10, 2023 By Oscar Nunez

The owners of a 5,650-square-foot property located at 7921 Carlyle Avenue in Miami Beach’s North Beach neighborhood have proposed demolishing a 1940s single-family home to make way for a three-story multifamily development. Denbora Bay, LLC, a Lake Worth, Florida-based company led by a group of individuals from Buenos Aires, Argentina, is identified as the applicant in a recent project filing submitted to Miami Beach’s Design Review Board. Known as the Denbora Bay project, the development encompasses 6,996 square feet of space, featuring seven residential units and four parking spaces. Red Octopus LLC, an architecture and planning firm based in Weston, FL, led by Argentine architects Yanina Mauro and Walter Rua, represents the developers in the filing, with MUVE Architecture listed as the architect.

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