Articles by Oscar Nunez

The Gateway At Wynwood Leases 14,000 Square Feet Across Three New-To-Market Tenants

7:30 am on June 18, 2022 By Oscar Nunez

Kobi Karp’s 12-story The Gateway at Wynwood – one of the latest new boutique office buildings to complete in Miami’s Wynwood area – has landed three new-to-market tenants occupying nearly 14,000 square feet in total. New York-based R & B Realty Group, led by CEO Aron Rosenberg, developed the 195,000-square-foot Class-A office project along with Plaza Construction as the general contractor, and opened up for occupancy earlier this year. The Gateway at Wynwood is located at 2916 North Miami Avenue, tucked on the northwest corner of the intersection with Northwest 29th Street. Colliers’ Executive Managing Director Stephen Rutchik, Managing Director Tom Farmer and Director Tyler de la Pena represented the development in the office lease transactions.

Swire Properties And Related Companies Unveil Florida’s Tallest And Largest Commercial Skyscraper For 700 Brickell Avenue

8:00 am on June 17, 2022 By Oscar Nunez

Miami-based Swire Properties Inc. (Swire), the U.S. real estate arm of the Hong-Kong listed multinational corporation Swire Group, and New York-based Related Companies (Related), the powerhouse developer behind Hudson Yards in Manhattan, have unveiled their official plans for One Brickell City Centre, an approximately 1,000-foot supertall commercial skyscraper proposed to replace an aging 10-story office building at 700 Brickell Avenue in Brickell, Miami’s Financial District. The project is designed by internationally renowned architecture firm Arquitectonica and is proposed to yield 1.6 million square feet of office space with the largest floor plates in Miami for a Class-A office building. If approved, One Brickell City Centre would become both the tallest and largest commercial building in Florida, representing the second phase of Swire’s 4.9-million-square-foot Brickell City Centre mixed-use complex.

Cymbal DLT Companies Secures $102.5 Million In Financing From Related To Acquire And Break Ground On 341-Unit Miami Gardens Project

8:00 am on June 16, 2022 By Oscar Nunez

Miami-based development and construction company, Cymbal DLT Companies, closed on a $102.5 million loan from Related Fund Management for the development of a 341-unit, market-rate multifamily housing project at 20775 NW 17th Avenue in Miami Gardens, Florida. The project comprises 11 Class-A apartment buildings designed PALMA centered around a sculpture-filled lake to maximize views and encourage outdoor activities.

JDS Development Group Lands $86 Million In Financing For 64-Story Mixed-Use Development At 1 Southside Park

8:00 am on June 15, 2022 By Oscar Nunez

New York and Miami real estate developer JDS Development Group (JDS) announced that it has secured an $86,000,000 acquisition and construction loan from New York-based Maxim Capital Group for 1 Southside Park, a two-towered 64-story block-sized mixed-use development underway in Brickell, Miami. This transformative project is designed by a world-class design team from SHoP Architects with ODP Architecture & Design as the architect of record, residential interiors by Krista Ninivaggi of Woods Baggot, hotel interior design by Rockwell Group and landscaping by James Corner Field Operations. 1 Southside Park will comprise 1,175 residential rental units, 190,000 square feet of premier office space, a 200-key Treehouse Hotel, 10,000 square feet of retail space, and 1,400 parking spaces.

Foundation Permit Issued For 47-Story Residential Tower At 77 SE 5th Street In Brickell

8:00 am on June 14, 2022 By Oscar Nunez

A phased foundation permit has been issued to Miami-based real estate developer Related Group for a 47-story residential tower at 77 Southeast 5th Street in Brickell, Miami. According to a pending permit for vertical construction filed in December 2020, the plan for this development is a 478-foot-tall tower with 720,101 square feet of space including 506 multi-family rental units. The project is going by the name of One Brickell Tower II for the time being, and is designed by Arquitectonica. John Moriarty & Associates of Florida Inc. is listed as the general contractor. The permit was approved on June 2, 2022, and Related will have until November 29, 2022 to complete foundation work.

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.

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.

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.

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.

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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