Articles by Oscar Nunez

A full vertical permit (Phased Permits – Phased Class I) has been approved for JEM Private Residences at 1016 Northeast 2nd Avenue, also addressed as 175 NE 10 Street, in the 27-acre Miami Worldcenter district. The newly granted permit clears the way for superstructure work on the 67-story mixed-use tower, designed by Arquitectonica and developed by Naftali Group. Rising roughly 700 feet, the project will add 259 condominium units on its upper floors, 530 multifamily apartments below, ground-floor retail, and 591 parking spaces.

Florida East Coast Realty (FECR) has announced the opening of CLAUDIE, a French-Mediterranean restaurant by Riviera Dining Group (RDG), at 1101 Brickell. The restaurant occupies 10,000 square feet of indoor and outdoor space on the ground floor of the 300,000-square-foot twin office towers, adding a refined dining experience to Miami’s Financial District. CLAUDIE officially opened its doors on February 7, 2025.

Jay Roberts, CEO of Miami Beach-based Prosper Group, is in contract to acquire three prime parcels totaling one acre along the Miami River, adjacent to Brickell City Centre. The properties, located at 66 SW 6th Street, 625 SW 1st Avenue, and an additional riverside site, were purchased from 99SW7 Holdings LLC, a joint venture between Newgard Development Group and Two Roads Development. Prosper Group, which is finalizing a joint venture with a partner who remains confidential for now, is leading the off-market transaction, which is slated to close in the first quarter of 2026.

Miami-based developers Rilea Group and Ciprés have closed on a $2.4 million sale for a 1,704-square-foot retail space at The Rider Residences, a 12-story, 146-unit condominium planned at 94 NE 29th Street at the intersection of Midtown and Wynwood. The sale price equates to $407 per square foot, marking the second-highest retail sale price per square foot in the area, following The Rider’s own $1.19 million sale of a 702-square-foot space at $1,700 per square foot—a record for the neighborhood.

Construction on X Tampa, a 29-story apartment tower in downtown Tampa, is expected to restart after resolving financial disputes that left the project dormant for over a year. Developer X Co., based in Chicago, has secured new financing to settle outstanding claims and move the development forward.