Articles by Oscar Nunez

Shoma Group Acquires 2.5-Acre Site Near Coral Gables To Develop Two 18-Story Mixed-Use Towers Designed By MSA Architects

8:00 am on May 1, 2022 By Oscar Nunez

Miami-based developer Shoma Group (Shoma) has purchased a 2.5-acre site at 3650 Bird Road, currently home to Deel Volvo, near Coral Gables for $34 million. The property, bound by Douglas Road to the west and Metrorail’s elevated railway to the south, will be cleared to make way for Shoma One, a two-towered 18-story mixed-use development designed by MSA Architects with 391-unit apartment community and a Shoma Bazaar food hall. The development is scheduled to break ground in January 2023 and is expected to be completed in 18-24 months with an estimated cost of $220 million to build.

Madison Point Apartments Tops Out In Naranja, Miami-Dade County

8:00 am on April 30, 2022 By Oscar Nunez

Construction has topped off for Madison Point Apartments, a multi-building garden-style mixed-use development community under construction along South Dixie Highway intersecting with Henderson Street in Naranja, Miami-Dade County. Designed by Palenzuela & Hevia Design Group and developed by JQ Group, the development is comprised of four 4-story buildings containing 263 residential units and 14,355 square feet of ground floor commercial space. Davie-based ANF Group, Inc., the general contractor on the project, officially announced the topping out of the concrete structures, and is scheduled for completion towards the end of this year.

Vasco Vieira-Designed AKAI Estates Slated To Offer 16 Luxury Single-Family Homes In Southwest Ranches, Florida

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

South Florida is currently experiencing a shift in demand for luxury real estate, where the most fortunate of buyers are drifting away from the coastal cities and opting for inland areas that can offer high caliber luxury single-family homes without sacrificing space or land. Developers Alex Yokana, Jairo Vela, Michael Sochaczevski, and Amos Sochaczevski understood the preferences of this niche of buyers very well, and set their eyes on a 44-acre swath of pristine land located at 4701 Akai Drive, just south of Griffin Road in the Tara subdivision of Southwest Ranches in Broward County. Construction is soon to begin on the lavish homes of AKAI Estates, a fully gated ultra-luxurious community comprised of only 16 residences featuring unique modern architectural designs by Portuguese architect Vasco Vieira with Jiro Yates as the architect of record, open floor plans of 7,000-12,000+ square feet, stunning finishes and attention to detail, and access to a variety of uncommonly upscale neighborhood amenities.

New York City Developers Propose Bjarke Ingles Group-Designed 44-Story Mixed-Use Skyscraper For Downtown Jacksonville’s Riverfront

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

American Lions LLC, a joint venture between New York City-based residential developers Fetner Properties and the Lions Group, have proposed to develop a 44-story residential building on the site of the Former Jacksonville Landing site in Downtown Jacksonville, beside the planned Perkins & Will-designed 7-acre park at Riverfront Plaza along Independent Drive West. The tower would rise 486-feet, which would be the third tallest in the city, and is designed by world-renown Danish architecture firm Bjarke Ingels Group (BIG). With an estimated price tag of $166.6 million, the development would bring 333 residential rental apartments along with an integrated parking garage for 330 vehicles, a 7,500-square-foot restaurant on the 43rd floor and a Skygarden Terrace with retail venues and direct access to the public park. American Lions LLC is the sole bidder in the Downtown Investment Authority’s (DIA) request for proposals for the site; plans for the BIG-designed tower were presented to a scoring committee of city officials on April 26, 2022.

Related Group’s 41-Story Miami Station Tower Is Approved By The FAA To Rise 539-Feet

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

The Federal Aviation Administration has approved building permits for Miami Station, a 41-story mixed-use tower at 525 Northwest 2nd Avenue in Downtown Miami’s Overtown District. Designed by ODP Architecture & Design and developed by the Related Group, the structure is permitted to rise 539-feet, or 546-feet above sea level. According to construction permits currently under review, Miami Station will yield approximately 730,000 square feet including an estimated 247,000 square feet of office space, roughly 298,000 square feet of residential space across 301 dwelling units, and a podium comprising nearly 6,000 square feet of ground floor retail and 6 levels of parking for over 500 vehicles. FAA building permits were approved on March 25, 2022, and are valid for the next 18 months, meaning Related has from now until October 25, 2023 to begin vertical construction.

Turnberry Development And Carlos Rosso Launch Sales For 32-Story ‘ONE Park Tower By Turnberry’ At SoLé Mia In North Miami

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

Turnberry Development, led by Jackie Soffer, in partnership with Carlos Rosso, the former head of the condominium division at Related Group, announce the launch of ONE Park Tower by Turnberry, a 32-story resort-style luxury condominium tower located within the multi-billion dollar, 184-acre master-planned community of SoLé Mia in the heart of North Miami. Designed by award-winning architecture firm Arquitectonica with interior design by globally recognized Meyer Davis and curated gardens by acclaimed landscape architect Enzo Enea, the building will deliver 303 bespoke residences overlooking a seven-acre Crystal Lagoon, surrounded by pristine natural landscapes, with access to a private beach, amenities created to offer residents a sophisticated lifestyle, and ocean views. Fortune International Realty is the exclusive sales and marketing broker for ONE Park Tower by Turnberry with units priced from $500,000.

Altura Bayshore Gets Tower Crane For Vertical Construction In Bayshore Gardens, Tampa

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

The Federal Aviation Administration has approved a tower crane for vertical construction of Altura Bayshore, a 22-story residential tower in the works at 2910 West Barcelona Street in Bayshore Gardens, Tampa. Designed by Curts Gaines Hall Jones Architects and developed by Mar Bayshore LLC, an entity managed by Tampa-based developer The Ronto Group, the superstructure’s main roof will top off at 271-feet and mechanicals will add an additional 70-feet, for a combined height of 341-feet within a 1.77-acre site. The tower crane is approved to rise 341-feet, or 355-feet above sea level, and will be assembled near the southeast corner of the development site. Naples-based Connor & Gaskins Unlimited is the general contractor, Bohler is the civil engineer and Smith & Associates Real Estate is handling sales and marketing.

Mediterranean-Themed 11-Story Mixed-Use Development Designed By MSA Architects Proposed In Coral Gables

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

An 11-story Mediterranean-themed mixed-use development designed by MSA Architects has been proposed for 3808 Southwest 8th Street in Coral Gables. FRC Realty Inc., an entity linked to Chicago-based real estate developer Fifield Realty Corp, submitted plans for a 227,670-square-foot building to be considered by Coral Gables’ Development Review Committee, which includes 103 residential units and amenities spread across 105,946 square feet of space, approximately 11,350 square feet of retail space, 7,241 square feet of office space and a garage integrated into the podium for up to 177 vehicles. Witkin Hults + Partners is listed as the landscape architect and Kimley Horn is the civil engineer.

BGI Companies Locks In Construction Financing For 22-Story Alba Palm Beach In Northwood, West Palm Beach

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

BGI Companies has closed on an $82 million construction loan from Trez Capital, a private real estate lender helping to build better communities across North America. The loan was arranged by BGI Capital for the construction of Alba Palm Beach, a new 22-story waterfront residential condominium development in collaboration with Blue Road Group located at 4714 North Flagler Drive, directly facing the Intracoastal Waterway in the emerging and growing Northwood neighborhood of West Palm Beach. The development is designed by Spina O’Rourke + Partners with Schmidt Nichols as the landscape architect, and is comprised of a collection of 55 luxury condominiums and 4 two- and three-story townhomes. The development has received a strong response with more than 30 percent of the building reserved since launching sales in February 2022.

Last Prime Waterfront Development Site In Brickell Where Two Supertalls Were Planned Sells For A Record-Breaking $363 Million

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

Florida East Coast Realty (FECR), the developer behind Miami’s current tallest skyscraper, the 85-story Panorama Tower, has sold the last remaining prime waterfront development site in Brickell for a record breaking $363 million to 1201 Brickell Bay LLC, managed by Randall Davis in Chicago. FECR, led by real estate visionary Tibor Hollo and his family, held ownership of the property since around October 2000, which according to city records was originally purchased for $15.5 million. The property is addressed as 1201 Brickell Bay Drive, a 2.5-acre site bound by Southeast 12th Street on the north and Brickell Bay Drive on the west intersecting Southeast 12th Terrace. In 2016, FECR along with Corigin Real Estate Group and McCourt Global properties, announced plans for two 1,049-foot supertall mixed-use towers with 660 units designed by Foster + Partners dubbed ‘The Tower by Foster + Partners’, but those plans were never realized.

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