Inter Miami CF announced construction began on Miami Freedom Park earlier this month. The Inter Miami CF stadium, 58-acre public park, and entertainment district at Miami Freedom Park are scheduled to open in 2025, and the official groundbreaking ceremony will take place later this year. Miami Freedom Park is a 131-acre development anchored by a new 25,000-seat fútbol specific stadium.
West Palm Beach’s skyline is primed for continued transformation as the Federal Aviation Administration (FAA) gives the green light to construct 515 Fern, an impressive 25-story tower set to redefine the city’s commercial landscape. This FAA approval marks a significant milestone for New York-based developer Related Companies, known for their iconic Hudson Yards development, who is behind this ambitious project. The structure, set to soar to 385 feet (or 404 feet above mean sea level), is poised to become West Palm Beach’s largest office tower.
The Federal Aviation Administration has given the green light to developers Gazit Horizons and Atlantic Pacific Communities for Brickell Gateway, a 61-story mixed-use skyscraper set to rise at 90 Southwest 8th Street in Miami’s bustling Brickell neighborhood. Designed by Corwil Architects, the development will encompass a total area of 933,209 square feet. This inclusive space will house a variety of features, including 504 multifamily residential units and 18,287 square feet of retail space at ground level. Internalized parking facilities will cater to 348 vehicles. The residential units will span a range of sizes, from cozy studios to spacious three-bedroom layouts, covering an area of 493 to 1,328 square feet. The development will offer a well-rounded living experience, including enticing rooftop amenities such as a pool deck with covered terraces, grilling spots, and inviting dining areas.
Downtown Miami’s iconic waterfront destination, The Wharf Miami, is preparing to bid farewell to its current chapter, making way for the transformative $185 million Riverside Wharf development. The forthcoming Riverside Wharf is envisioned as a more permanent incarnation of The Wharf’s vibrant essence. While The Wharf’s closing party is scheduled from September 15 to 16, anticipation for Riverside Wharf’s evolution is growing.
A partnership among Miami-based real estate investment firms Torose Equities, Lndmrk Development, and Terranova Corporation has acquired 255 Alhambra, an approximately 220,000-square-foot Class A office building in downtown Coral Gables. The acquisition gives the JV access to one of Miami’s most sought-after office submarkets. 255 Alhambra, located on 1.3 acres on Alhambra Circle, offers top-notch amenities, including floor-to-ceiling windows, a newly renovated lobby, and proximity to Coral Gables’ best restaurants and entertainment. The seller was an affiliate of Deutsche Bank/RREEF. The JV partners plan to further amenitize the property, building on the recent improvements and capitalizing on the demand for Class A office space in Coral Gables.
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