Construction is progressing on South Pointe Vista II, an affordable housing development located in Goulds in South Miami-Dade County. The project is being developed by McDowell Housing Partners in partnership with ANF Group, Inc., and is advancing toward completion later this fall following the successful completion of its structural phase.
Ocean Bank has provided $41.4 million in financing to COFE Westside Plaza LLC for the acquisition of Westside Plaza II and III, a pair of four-story multi-tenant office buildings at 8200 and 8300 NW 33rd Street in Doral. The newly renovated properties span a combined 276,637 square feet across 13 acres. Recent listings and trade reports identify the buildings as Class A office properties within the Westside Plaza campus.
Construction is underway on Miami Starlite, a 39-story residential tower in Brickell being developed by Focus and Group Fox Management and designed by Gensler. The project will rise on the former Miami Starlite Motel property at 128 Southwest 7th Street, where Suffolk Construction recently confirmed that they broke ground in January and has already advanced through several early foundation milestones.
Swire Properties has announced the sale of the two uppermost penthouses at The Residences at Mandarin Oriental, Miami, a two-tower branded residential and hospitality development planned for Brickell Key in Miami. Each penthouse sold for $49.9 million, totaling $99.8 million across the two transactions. According to Swire Properties, the deals mark the highest-priced condominium sales recorded on mainland Miami and establish a benchmark of approximately $6,300 per square foot. The development is designed by Kohn Pedersen Fox, with Fortune Development Sales exclusively handling sales.
Merrimac Ventures has acquired a retail and office assemblage spanning 400, 416, 424, and 412-414 North Andrews Avenue in Fort Lauderdale’s Flagler Village neighborhood. The South Florida-based investment and development firm’s latest purchase totals 20,200 square feet of existing commercial space and was reported at $7.35 million, including $5.75 million for 400 North Andrews Avenue and $1.6 million for 412-414 North Andrews Avenue. 
