Articles by Oscar Nunez

Aerial View - 745 North Andrews Avenue. Credit: Dorsky + Yue International.

CEDARst Companies Proposes 12-Story Mixed-Use Development For 745 N. Andrews Avenue In Progresso Village, Fort Lauderdale

Development plans have been filed for 745 North Andrews Avenue, a 12-story mixed-use building proposed for a 1.46-acre property bound by Northwest 8th Street and Northwest 1st Avenue in Progresso Village, Fort Lauderdale. Designed by local architect Dorsky + Yue International Architecture for Chicago-based developer CEDARst Companies, plans for the 130-foot-tall development include 369,622 square feet of space comprising 220 residential units, 5,783 square feet of ground floor commercial space and an integrated 354-space parking garage. The application was scheduled for review on July 12, 2022 by the city’s Development Review Committee, which lists Lochrie & Chakas, P.A. as the land use attorney, Architectural Alliance Landscape as the landscape architect and Flynn Engineering Services, P.A. as the civil engineer. 

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FAA Building Permits Approved For 497-Foot-Tall Structure At 526 NE 34th Street In Edgewater

The Federal Aviation Administration has approved building permits for a 497-foot-tall structure in Edgewater, Miami. According to the included coordinates, the building would occupy a 22,000-square-foot assemblage of lots including 510, 522, 526 and 532 Northeast 34th Streets. The property is located across the street from the Hamilton on the Bay rental tower, and is just steps away from a dead end on Northeast 34th Street fronting Biscayne Bay. Three of the lots are owned by Nardware Properties LLC, and the other by 510 34th LLC; Hamilton on the Bay III, LLC is listed as the applicant, all of which are affiliates of Denver-based real estate developer AIMCO. The permits were applied for on April 13, 2022, and were approved by the FAA on July 8, 2022, lasting only three months for approvals.

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Construction Completes On Villa Valencia At 515 Valencia Avenue In Coral Gables

Construction is complete on Villa Valencia, 13-story luxury residential high-rise building at 515 Valencia Avenue in Coral Gables, Miami-Dade County. Designed by local architect Hamed Rodriguez Architects with Miami-based L&ND as the landscape architect and developed by Miami-based Location Ventures, the approximately 154-foot-tall structure comprises a distinguished collection of just 39 luxury condominiums ranging from two to three-bedroom units. The development integrates the revolutionary Delos’ DARWIN Home Wellness Intelligence network which provides advanced air purification, water filtration, lighting solutions and enhanced sleep systems. Villa Valencia recently received its Temporary Certificate of Occupancy (TCO); closings are currently underway, and residents have begun to occupy their residences. Winmar Construction served as the general contractor.

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PMG And Greybrook Shift 49-Story Downtown Miami Project To Condos And Short-Term Rentals, Launched As The Elser Hotel & Residences

National investment and development firm Property Markets Group and Toronto-based real estate private equity firm Greybrook have changed the programming for a newly completed 49-story project once known as Society Biscayne on the southwest corner of Biscayne Boulevard and Northeast 5th Street. The developers rebranded and launched the 571-foot-tall tower as The Elser Hotel & Residences and the property is now addressed as 398 Northeast 5th Street. The newly completed tower offers 646 fully furnished residences, over 19,000 square feet of curated amenities and 5,000 square feet of prime retail space. PMG Residential is the exclusive sales team for the property, with residences priced from the $600,000’s or the equivalent cryptocurrency exchange rate.

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OKO Group And Cain International Get $97.2 Million In Construction Financing For 34-Story One River In Fort Lauderdale

OKO Group and Cain International have secured $97.2 million in construction financing for their next joint venture development: One River, a new 34-story luxury multifamily tower located addressed as 629 Southeast 5th Avenue in Fort Lauderdale, Florida. Financing is broken down into two loans, a senior construction loan provided by Bank OZK, and a mezzanine construction loan provided by JVP Management, which will fund the construction of the tower. One River will encompass 251 high-end apartments and 2,600 square feet of ground level retail space. Vertical construction is scheduled to begin this summer, with delivery expected September 2024.

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