Articles by Oscar Nunez

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

8:00 am on August 29, 2022 By Oscar Nunez

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.

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

8:00 am on August 28, 2022 By Oscar Nunez

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.

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

8:00 am on August 27, 2022 By Oscar Nunez

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.

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

8:00 am on August 26, 2022 By Oscar Nunez

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.

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

8:00 am on August 25, 2022 By Oscar Nunez

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.

Plans Filed For First Portion Of Upland Park Phase One Beside Dolphin Station In Sweetwater, FL

8:00 am on August 24, 2022 By Oscar Nunez

Miami-Dade County planners received an Administrative Site Plan Review (ASPR) application for the first portion of Upland Park Phase 1, a 15-story mixed-use building planned for 11897 Northwest 12th Street in Sweetwater, Florida, dubbed Building L. Designed by Arquitectonica and developed by Terra Group (Terra) under the Terra International Services, LLC, this phase of the development will consist of 384 multi-family dwelling units, approximately 50,000 square feet of grocery and retail, and approximately 853 parking spaces in a structured garage. The 2.575-acre subject property is owned by Miami-Dade County and leased to Terra for developmental purposes, representing a fraction of the overall planned 43-acre Upland Park transit-oriented mixed-use community where the developer is spending $1 billion to build nearly 2,000 residential units, 200,000 square feet of retail, a 12-story hotel, a 16- story office building, medical facilities and a school.

Developers Secure $83 Million Construction Loan For 25-Story Mixed-Use Project In Downtown Hollywood

8:00 am on August 23, 2022 By Oscar Nunez

Fort Lauderdale-based BTI Partners and Salt Lake City-based Bridge Investment Group have secured an $83 million construction loan from Canadian Imperial Bank of Commerce for a new 25-story mixed-use development in Downtown Hollywood’s Central Business District. The development site, acquired by the developers in 2021 for $11 million, was once home to the long-neglected and now demolished Hollywood Bread Building. Located at 1727-1745 Van Buren Street, 1700-1716 Harrison Street and 1740-1760 South Young Circle, the redevelopment of the site is an important step in the revitalization of the west end of Downtown Hollywood anchored by the 10-acre ArtsPark at Young Circle. The new development will yield 362 market-rate apartments and about 16,000 square feet of retail space, designed by Adache Group Architects and Modis Architects.

Demolition And Tree Permits Filed For 6001 NE 2nd Avenue In The Magic City Innovation District

8:00 am on August 22, 2022 By Oscar Nunez

Permits have been filed for demolition work and tree removal at 6001 Northeast 2nd Avenue, a lengthy 6.11-acre stretch of land located within the confines of the Magic City Innovation District emerging at the borders between Little River and Little Haiti in Miami. The site is located specifically located between Northeast 2nd and 4th Avenues with Northeast 60th Street directly to the south and Northeast 61st Street is the northern most thoroughfare. Plaza Equity Partners is listed as the owner of both permit applications, who is developing the mixed-use community along with investment firms Lune Rouge and Dragon Global. Plans for this particular site include an approved multifaceted 25-story residential tower, currently dubbed Parcel 11, designed by Arquitectonica which includes 522,806 square feet of space including 349 luxury residential units, 13,010 square feet of retail space, and an adjacent connected parking and amenities structure with 393 vehicle spaces.

The Benjamin Companies Proposes Mixed-Use Development With Two 30-Story Towers For 777 SE 3rd Avenue In Downtown Fort Lauderdale

8:00 am on August 21, 2022 By Oscar Nunez

Site plans have been filed for The Benjamin, a 30-story, tw0-tower mixed-use development proposed for 777 Southeast 3rd Avenue in Downtown Fort Lauderdale. Designed by FSMY Architects + Planners for New York-Based developer The Benjamin Companies, the massive 1,170,112-square-foot superstructure would top off at approximately 341 feet and yield 542 residential units, 13,764 square feet of commercial space and 801 parking spaces. Architectural Alliance Landscape is serving as the landscape architect, Botel Thurlow Engineering is the civil engineer and Michael S. Wiener is the land use attorney. Fort Lauderdale’s Development Review Committee will consider plans for The Benjamin this upcoming Tuesday, August 23rd.

Interiors Revealed For Mast Capital’s Cipriani Residences Miami Designed By 1508 London

8:14 am on August 20, 2022 By Oscar Nunez

Mast Capital has unveiled the interiors of Cipriani Residences Miami, the brand’s first ground-up residences in the United States. Designed by the internationally renowned firm 1508 London in collaboration with the Cipriani family, the tower captures the spirit of the brand – recognized for its distinguished style, world-class service and four generations of history and tradition – and features a design language consistent with Cipriani’s understated elegance reminiscent of yacht design. The vision for Cipriani Residences Miami will reinvent luxury in the Brickell neighborhood, known for its high-rise buildings, walkability and enviable water and city views, and epitomize the sophisticated lifestyle that residents will enjoy at the development.

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