Articles by Oscar Nunez

Miami Voters Approve Land Lease Extension For Riverside Wharf In The Miami River District

Last week, Miami voters overwhelmingly approved an amendment to extend the lease of city land for use in the future development of Riverside Wharf, a $185 million hospitality-driven entertainment complex planned for 114 Southwest North River Drive that promises to usher in a new era for the Miami River District. With approximately 60% of the vote in favor of the amendment, the victory marks another step forward in developing the project. Developed by MV Real Estate Holdings in conjunction with Driftwood Capital and Merrimac Ventures, the the 10-story, 200,000-square-foot project will be the defining development for Miami’s Downtown core as a city-within-a-city all-encompassing destination for unparalleled entertainment, exceptional dining and world renowned hotel accommodations. It will encompass a world-class 30,000-square-foot nightclub and rooftop dayclub, a high-energy 12,000-square-foot event hall and mezzanine, as well as the rebirth and expansion of The Wharf Miami, with 16,000 square feet of signature restaurants and a private marina capable of accommodating megayachts. Planning to break ground in the second quarter of 2023, it will also feature a 165-key Dream Miami luxury hotel.

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Namdar Group Issued $195 Million Loan For Two Apartment Towers In Downtown Miami

Great Neck, NY-based real estate investment and development firm Namdar Group has secured $195 million in acquisition and construction funding for Namdar Towers, two residential buildings of 41- and 43-stories planned for 222 Northeast 1st Avenue in Downtown Miami. The loan came from an affiliate of New York’s Slate Property Group – SCALE Lending – brokered by associates of Greystone Capital Advisors. Plans for the residential project include 1.2 million square feet of space with 1,354 residential units between both towers.

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Twin 485-Foot-Tall Towers At 1900 Biscayne Boulevard Approved By The FAA

The Federal Aviation Administration (FAA) has issued building permits for twin 485-foot-tall residential towers at 1900 Biscayne Boulevard in Edgewater, Miami. The developer behind the efforts is Kushner Companies, who’s developing both of these towers along with a third tower at 2000 Biscayne Boulevard, collectively known as the Edgewater Collective. The FAA approved building permits yesterday, and will be valid for the next 18 months. Plans for the Edgewater Collective include 1,265 residential units and 24,000 square feet of retail space across three towers.

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Penthouse Collection Released For 26-Story Selene Oceanfront Residences In Fort Lauderdale

Kolter Urban is pleased to release the Selene Oceanfront Residences Penthouse Collection, a limited collection of penthouse residences at the luxury condominium development located at 151 North Seabreeze Boulevard in Fort Lauderdale, directly across from the award-winning Las Olas Beach. The exclusive collection of eight penthouses is set on the top floors of the 26-story, two-tower property which will rise as the tallest building on Fort Lauderdale Beach. Douglas Elliman Real Estate leads the sales efforts for Selene Oceanfront Residences with penthouse residences priced from $10.8 million.

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Society Orlando Phase 1 Tops Out At 434 North Orange Avenue In Downtown Orlando

Construction has topped out on Phase 1 of Society Orlando, a two-tower mixed-use development of 28 and 16 stories under construction at 434 North Orange Avenue in Downtown Orlando’s Central Business District. Designed by Orlando-based Baker Barrios and developed by Property Markets Group and Raven Capital Management, the approximately 350-foot-tall first phase will yield 484 residential units atop a massive podium with 33,000 square feet of ground floor commercial space and parking spaces. John Moriarty & Associates is the general contractor with Baker Concrete Construction managing concrete construction for the project, which is located on the northwest corner of the intersection between North Orange Avenue and West Livingston Street.

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