Articles by Oscar Nunez

PMG And Sentral Partner Up For Dual-Tower, 1.5-Million-Square-Foot Mixed-Use Development At 130 SW 8th Street In Brickell, Miami

8:00 am on June 13, 2022 By Oscar Nunez

National investment, development, and asset management firm Property Markets Group (PMG), and Sentral, the rapidly expanding prop-tech company creating the world’s largest flexible living community, announced a partnership to develop a two-phase, 803-unit multifamily community with more than 15,000 square feet of retail space in the heart of Miami’s Brickell neighborhood. The acquisition of the site at 130 Southwest 8th Street will mark Sentral and PMG’s first partnership, as well as Sentral’s first purpose-built development as part of the brand’s national expansion. Phase one includes a 550-foot-tall, 46-story tower with 570 units and will break ground in late 2022, with completion slated in late 2024. Phase two will include a 380-foot-tall, 31-story tower with 233 units. 

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AIMCO Plans 3-Million-Square-Foot Development At Former Sears Site In Fort Lauderdale

8:00 am on June 12, 2022 By Oscar Nunez

Denver-based real estate developer AIMCO has acquired a 5.7-acre piece of property at 901 North Federal Highway in Flagler Village, Fort Lauderdale, the former Searstown site which once thrived as a retail anchor for the neighborhood, lasting 66 years in business. The previous owner, RK Associates, an affiliate of Sunny Isles Beach-based RK Centers led by Miami Heat co-owner Raanan Katz, sold the site for $64 million. The 155,760-square-foot retail space on-site is slated for demolition and redevelopment.

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Trez Capital Funds $19.05 Million Loan For Second Phase At The Residences At Town Center In Madeira Beach

8:00 am on June 11, 2022 By Oscar Nunez

Trez Capital, a private real estate lender helping to build better communities across North America, funded a $19,050,000 construction loan for The Residences at Town Center, a 5-story boutique luxury condominium project that will rise on the Intracoastal Waterway at 400 150th Avenue in Madeira Beach. The project is the second phase of a broader plan envisioned by the developer. In 2021, Trez Capital closed a $15.61 million construction loan for the first phase, a 38-unit residential project, The Harbor at Town Center, which is 100% sold out and scheduled for delivery to buyers later this summer.

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The St. Regis Residences Miami Achieves $400 Million In Sales, Developers Launch ‘The William’ Tower

8:00 am on June 10, 2022 By Oscar Nunez

Premier developers Related Group (Related) and Integra Investments (Integra), along with leading brokerage ONE Sotheby’s International Realty, have officially begun sales on ‘The William’ tower at the highly anticipated two-towered St. Regis Residences Miami in Brickell. The 183-unit high-rise will immerse buyers in unmatched service and design, with amenities hand-curated by the world-renown St. Regis team, and architecture and interiors spearheaded by Robert A.M. Stern Architects (RAMSA) and Rockwell Group, respectively.

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Vertical Construction Begins For Onda Residences At 1135 103rd Street In Miami’s Bay Harbor Islands

8:00 am on June 9, 2022 By Oscar Nunez

Vertical construction is well-underway for Onda Residences, a 41-unit boutique condominium development along the waters of Biscayne Bay at 1135 103rd Street in Bay Harbor Islands. Designed by Arquitectonica with interiors by creative design masterminds Carlo and Paolo Colombo of A++ Human Sustainable Architecture and Developed by a joint venture between Morabito Properties and CMC Group, the project will deliver fully finished residences ranging from two-to-four bedroom layouts spanning between 1,809 and 3,535 square feet in size, and four penthouse residences measure up to 5,073 square feet – two of which include private rooftop pool decks. The 8-story development is on track to top-off construction in December, with delivery slated for the Fall of 2023. Coastal Construction serves as the development’s general contractor.

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