BI Group USA has broken ground on Parkside Residences, an eight-story, 187-unit residential development at 1741 SW 2nd Avenue in Miami’s Brickell neighborhood. Designed by Kobi Karp, with interiors by 2ID Interiors and construction led by Winmar Construction, the project is expected to be completed in 2027 or by the second quarter of 2028, depending on the source.
META Development has broken ground on OPUS Coconut Grove, a six-story boutique condominium development at 3137 SW 27th Avenue in Miami’s Coconut Grove neighborhood. The project is designed by Kobi Karp, with interiors by João Armentano, and will yield 14 residences, including 12 standard units and two penthouses. Recent project materials indicate the development is more than 50 percent sold and is now moving into vertical construction following demolition and the closing of a $28 million construction loan from Arixa Capital. Completion is slated for 2027.
Swire Properties has completed the controlled implosion of the former 23-story Mandarin Oriental, Miami hotel and its adjacent six-story parking structure at 500 Brickell Key Drive on Brickell Key, clearing the site for The Residences at Mandarin Oriental, Miami. The implosion took place on the morning of Sunday, April 12, with debris removal expected to take up to six months before preparations for groundbreaking advance.
Plans have been filed for a 37-story, 425-foot mixed-use tower on a 0.63-acre site at the corner of East Washington Street and North Rosalind Avenue in Downtown Orlando. The proposal, submitted on March 23 by HB Capital Group, calls for a high-rise development designed by Kobi Karp Architecture & Interior Design and represents the latest attempt to redevelop one of the city’s most closely watched vacant parcels across from Lake Eola Park.
YIMBY recently visited Downtown St. Petersburg and scoped views of Art House, a 42-story condominium tower that recently completed construction at 275 1st Avenue South. Developed by Kolter Urban and designed by 10SB, with McNamara Salvia as the structural engineer, the 450-foot-tall superstructure yields 244 residential units above a parking garage spanning floors two through eight with 482 spaces, along with 4,936 square feet of ground-floor retail space along Central Avenue. Coastal Construction served as general contractor, ID & Design International handled interiors, Kimley-Horn is the civil engineer, and Smith & Associates Real Estate is the exclusive broker. The development is now more than 90 percent sold.
