Affiliates of Gencom have reacquired a majority ownership interest in The Ritz-Carlton Coconut Grove, a 21-story, 115-key hotel located at 3300 SW 27th Avenue in Miami’s Coconut Grove neighborhood. The transaction marks Gencom’s return as majority owner of the property, which it previously controlled through a joint venture prior to selling a majority stake in 2017.
Vertical construction is underway at One Kane, a 126,000-square-foot Class A+ waterfront office building rising at 9551 E. Bay Harbor Drive in Bay Harbor Islands. The six-story project is being developed by Miami-based Taubco in partnership with New York-based Landau Properties, with completion anticipated in early 2027.
South Florida-based Affiliated Development has closed on a $73 million construction loan with Pacific Life Insurance Company for The Dune, a mixed-use, mixed-income multifamily development in Boynton Beach, Florida.
Miami-based developer Rilea Group has closed on a $150 million construction financing package for Mohawk at Wynwood, a 300-unit multifamily rental development now under construction along NE 29th Street in Miami’s Wynwood Arts District. Completion is slated for 2028.
Oak Row Equities, a leading vertically-integrated real estate private equity and development company with over $4 billion of development in South Florida, OKO Group, the Miami-based development company founded by international investor and luxury real estate developer, Vlad Doronin, and Mariposa Real Estate have successfully completed the single largest land acquisition in Florida. The joint venture closed on the $520 million purchase of Aimco’s 4.25-acre waterfront parcel—located at 1001 and 1111 Brickell Bay Drive—with 485 feet of continuous Biscayne Bay frontage.
