Ytech has completed the foundation pour for The Residences at 1428 Brickell, a 70-story luxury condominium tower set to rise along Miami’s Brickell Avenue. The milestone began on September 26 and continued for 33 uninterrupted hours, marking the largest mat foundation pour ever executed in Brickell and reinforcing the developer’s commitment to delivering a new level of residential living in Miami.
Pebb Capital has announced the completion of Phase One at Sundy Village, its seven-acre mixed-use campus at 22 West Atlantic Avenue in Delray Beach. The milestone was marked by the receipt of a Temporary Certificate of Occupancy, delivering 100,000 square feet of Class A+ office space, 30,000 square feet of retail and dining, and 268 below-grade public parking spaces. Leasing momentum has brought the project to 88 percent occupancy, with another 8,500 square feet under negotiation that would push that figure to more than 92 percent.
Sobe Sky Development, a partnership between Flag Luxury Group, Ben-Josef Group (BJGH), and Lionstone Development, has secured a $61.2 million predevelopment loan from BHI, the U.S. division of Bank Hapoalim, to advance The Ritz-Carlton Residences, South Beach. The financing marks a significant step forward for the ultra-luxury development, which will bring 30 custom-designed beach houses in a new tower overlooking the Atlantic Ocean and Miami Beach.
Baron Property Group and MG Developer have announced the signing of the first retail lease at Metro Parc in Hialeah. Mr. Baker, a Cuban bakery with nine locations across Miami, will occupy a 1,760-square-foot space on the ground floor of the development at the corner of East 25th Street and East 9th Avenue. The bakery is expected to open in late 2026, marking its debut in the Hialeah market.
ZIG Investment Group, led by entrepreneur and real estate developer Mike Zikri, has secured approval for a 25-key luxury boutique hotel to rise adjacent to Villa Paula, the landmark 1920s Neo-Classical residence located in Miami’s Little Haiti neighborhood. The City of Miami Planning and Zoning Board voted unanimously in favor of the project, which will expand the site’s role as both a cultural and hospitality destination.
