Articles by Oscar Nunez

SP Media Group, led by Steven Paul, has announced the acquisition of the Art Deco Marela Boutique Hotel, a 17 room, 8,884 square foot property located at 310 Meridian Avenue in Miami Beach’s South Beach neighborhood. The transaction expands Paul’s real estate holdings within the hospitality sector and follows his recent purchase of Avenue Six Studios in Van Nuys and the establishment of Hank’s Café in Century City, California.

Avenia Aventura, Interiors by FENDI Casa, a planned condominium building at 20605 NE 34th Avenue in Aventura, has released a new collection of renderings showcasing its amenity spaces. The 22-unit waterfront development is being led by Vertical Developments, with interiors by FENDI Casa and architectural design by Kobi Karp Architecture and Interior Design. The project is positioned along Aventura’s canals, with views toward the neighboring golf course, and will feature three- and four-bedroom residences beginning at approximately 3,500 square feet. The development is targeting LEED Gold certification and will provide a marina lounge, fitness facilities, a rooftop pool, and a collection of resident amenities.

Property Markets Group (PMG) has announced a major construction milestone for the Waldorf Astoria Hotel & Residences Miami at 300 Biscayne Boulevard. Miami’s first supertall tower has completed the concrete pour for its 50th level, marking the halfway point of vertical construction for the planned 100-story, 1,049-foot structure. Once completed, it will become the tallest residential building south of New York City. The tower is being designed by Sieger Suarez Architects in collaboration with Carlos Ott, with interiors by BAMO. The development team includes Property Markets Group and Greybrook Realty Partners, alongside Mohari Hospitality, S2 Development, and Hilton. John Moriarty & Associates is serving as the general contractor.

Minto Communities USA has announced The Oaks, a new residential neighborhood within the City of Westlake. Opened December 6 and located off River Bend Drive, the community will include 266 single-family homesites in its first phase, with only 19 sites available in the initial release. Prices will start in the mid $400s. The Oaks introduces two new architectural elevations, Contemporary and Modern Farmhouse, expanding Minto’s established Cypress and Indigo home collections.

Pinecrest Town Center, a mixed use retail and office property at 12651 South Dixie Highway in Miami Dade County, has been sold by Limestone Asset Management and joint venture partner Orion Real Estate Group for 42.5 million dollars. The transaction follows the completion of a comprehensive renovation of the property in early 2024. Eric Williams of Newmark represented the sellers.