Vertical construction has begun to ascend at 1350 South Ocean Boulevard, where Related Group, widely regarded as Miami’s condo king, and Merrimac Ventures, led by the Motwani family, are developing the Waldorf Astoria Residences Pompano Beach, a 28-story tower that will contain 92 private residences and a suite of resort-style amenities directly along the shoreline.
Robert Rivani, founder of RIVANI, has closed on the $19.8 million sale of the waterfront restaurant space currently home to Amara at Paraiso in Miami’s Edgewater neighborhood.
Ytech has completed the foundation pour for The Residences at 1428 Brickell, a 70-story luxury condominium tower set to rise along Miami’s Brickell Avenue. The milestone began on September 26 and continued for 33 uninterrupted hours, marking the largest mat foundation pour ever executed in Brickell and reinforcing the developer’s commitment to delivering a new level of residential living in Miami.
Pebb Capital has announced the completion of Phase One at Sundy Village, its seven-acre mixed-use campus at 22 West Atlantic Avenue in Delray Beach. The milestone was marked by the receipt of a Temporary Certificate of Occupancy, delivering 100,000 square feet of Class A+ office space, 30,000 square feet of retail and dining, and 268 below-grade public parking spaces. Leasing momentum has brought the project to 88 percent occupancy, with another 8,500 square feet under negotiation that would push that figure to more than 92 percent.
Sobe Sky Development, a partnership between Flag Luxury Group, Ben-Josef Group (BJGH), and Lionstone Development, has secured a $61.2 million predevelopment loan from BHI, the U.S. division of Bank Hapoalim, to advance The Ritz-Carlton Residences, South Beach. The financing marks a significant step forward for the ultra-luxury development, which will bring 30 custom-designed beach houses in a new tower overlooking the Atlantic Ocean and Miami Beach.
