Articles by Oscar Nunez

Miami Worldcenter Associates has announced the sale of the 27-acre retail and entertainment district at Miami Worldcenter to a venture comprising affiliates of Falcone Group, ROK Acquisitions, Andrew Mirmelli, The Davis Companies, and Jamestown. The transaction transfers seven parcels totaling approximately 300,000 square feet of retail and dining space, roughly 2,000 parking spaces across two garages, and 100,000 square feet of parks and plazas within the $6 billion mixed-use development in Downtown Miami’s Park West neighborhood. No acquisition price was disclosed.

London Bay Development Group has announced the completion and delivery of the South Tower at The Ritz-Carlton Residences, Estero Bay, the first of two 22-story waterfront residential towers within the 500-acre Saltleaf master plan at 5000 Coconut Road in Bonita Springs. Designed by Arquitectonica with interiors by Meyer Davis, the development will span 224 condominium residences across both towers. The project had already surpassed $650 million in sales before construction began on the North Tower, which broke ground in May 2025 and is currently slated for delivery in 2027. Coastal Construction is serving as general contractor.

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.