Terra has completed the sale of Doral Square, a 150,000-square-foot retail center located at the southeast corner of Doral Boulevard NW 36th Street and NW 87th Avenue in the City of Doral. The property was sold to Florida-based investment firm IMC Equity Group for $74 million. The transaction was brokered by Mark Gilbert of Cushman & Wakefield and closed on December 17, 2025.
Construction firm Skanska has been selected to deliver a major expansion of the Cox Science Center and Aquarium campus in West Palm Beach, Florida. Announced on December 23, 2025, the project calls for the construction of an 86,000-square-foot, two-story Hall of Science that will significantly expand the institution’s exhibition, aquarium, and STEM education capacity.
Ground has broken on PALMA Miami Beach Residences, a 14-story condominium development underway at 600 71st Street in Miami Beach’s North Beach neighborhood. The project is being developed by Lefferts and is designed by Built Form. Construction officially commenced following a ceremonial groundbreaking held on Tuesday, December 16, marking the start of work on the 127,600-square-foot residential building, which is expected to reach completion in late 2027.
New interior renderings have been revealed for Ocean Terrace, an oceanfront mixed-use development planned for the Collins Avenue corridor between 74th and 75th Streets in North Beach, Miami Beach. The project is being developed by Witkoff Group in partnership with Ocean Terrace Holdings, a venture between Alex Blavatnik and Sandor Scher. Architecture for the buildings is by Revuelta Architecture International, while Robert A.M. Stern Architects (RAMSA), is responsible for interior architecture and outdoor FF&E.
Strategic Property Partners has announced plans for a new entertainment district proposed for downtown Tampa, adding a mid-sized live music venue, hotel, retail space, and structured parking to the Water Street Tampa master-planned development. The privately financed project is planned for a vacant parcel on Channelside Drive, directly across from Amalie Arena, between Morgan Street and Jefferson Street.
