Articles by Oscar Nunez

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.

Fortune International Group And Blue Road Launch 15-Story Nexo Residences In North Miami Beach

8:00 am on April 21, 2022 By Oscar Nunez

Fortune International Group, one of South Florida’s preeminent leaders in residential real estate development, in partnership with Bay Harbor Islands-based Blue Road, have launched Nexo Residences, a 15-story residential building planned for 13899 Biscayne Boulevard in North Miami Beach. Designed by Frankel Benayoun Architects Inc. with consultation from internationally-renowned architect Carlos Ott and Urban Robot Associates handling landscaping and interiors, the structure will yield 254 move-in ready condominium residences with short-term rental capability, one of the first of this kind for North Miami Beach. The developers, who are reportedly under contract to purchase the property, hope to break ground later this year on the triangular 1.74-acre site, bound by Northeast 139th Street on the north, Biscayne Boulevard on the west, Highland Drive on the south and Northeast 20th Place on the east. Fortune Development Sales is exclusively handling sales and marketing, with units starting from $400,000.

The Ritz-Carlton Residences, Estero Bay Announces $150 Million In Sales Within 14 Days, New Renderings Unveiled

8:00 am on April 20, 2022 By Oscar Nunez

The Ritz-Carlton Residences, Estero Bay, a residential development coming to one of Southwest Florida’s last available stretches of waterfront within 500 acres of lush lands, reaches a new milestone upon selling $150 million of inventory in just 14 days after the official launch of the first tower with 112 units. Designed by globally-acclaimed architecture firm Arquitectonica and developed by London Bay Development Group, the highly anticipated project is comprised of two 22-story towers containing a combined 224 distinguished residences featuring interiors by Meyer Davis. Ground breaking is expected to occur later this year, aiming for completion in 2025.

Gamla Cedron Group Files Plans For Phases Two And Three Of Flagler Oasis Project In Little Havana

8:00 am on April 19, 2022 By Oscar Nunez

Miami’s Urban Development Review Board (UDRB) will consider proposals for the second and third phases of Flagler Oasis, a multi-building mixed-use development underway in the heart of Little Havana being developed by Aventura-based real estate firm Gamla Cedron Group. With the first phase of the development already under construction and scheduled for completion later this year, phases two and three would bring a 16-story residential tower with 248 dwelling units and an additional 8-story structure containing 70,000 square feet of office space, as well as commercial spaces and integrated parking structures. The project is designed by Coral Gables-based Behar Font & Partners with Witkin Hults + Partners as the landscape architect, and is expected to rise as high as 176-feet or so.

Miami’s Urban Development Review Board Receives Plans For ‘LIVWRK Wynwood’ Designed By Morris Adjmi Architects

8:00 am on April 18, 2022 By Oscar Nunez

Miami’s Urban Development Review Board has received plans for LIVWRK Wynwood, a mixed-use development proposed for 2400 and 2500 North Miami Avenue in Wynwood. Designed by New York City-based Morris Adjmi Architects with MKDA Florida designing interiors, and developed by Brooklyn-based real estate developer LIVWRK, the proposal is comprised of two buildings on separate parcels of land rising 8 to 12 stories each. The 2400 parcel would consist of 420 multifamily residential units and 59,461 square feet of office space above 29,057 square feet of ground floor commercial space. The 2500 parcel would would be developed as an apartment/hotel with 122 units, atop 8,996 square feet of ground floor commercial space. In total, both buildings would collectively yield 922,466 square feet including 611,855 square feet of residential and amenity space, 100,220 square feet of office and commercial space, and a 210,361-square-foot parking structure for 564 vehicles and 50 racks for nearly 800 bicycles.

First Look For NoMad Hotels First-Ever Residential Project Planned In Wynwood, Miami

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

Florida’s leading real estate developer Related Group, together with Manhattan-based developer Tricap, have unveiled plans for the NoMad Residences Wynwood, the first residential concept from the global hospitality icon NoMad Hotels and its parent company, Sydell Group. Located at 2700 Northwest 2nd Avenue in Wynwood, Miami, just steps from the world-famous Wynwood Walls, the 9-story structure is designed by global award-winning architecture firm Arquitectonica with interior spaces by Toronto-based DesignAgency. The development yields 329-units ranging from 464 to 931 square feet with reservations scheduled to launch this month. Prices will start from $500,000 with Fortune Development Sales as the exclusive sales and marketing firm. Related and Tricap are targeting Q4 2022 for ground breaking.

Frisbie Group And Hines Announce Two-Towered, 27-Story ‘South Flagler House’ In West Palm Beach Along Florida’s Gold Coast

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

Palm Beach-based real estate investment firm Frisbie Group and global real estate development firm Hines have officially unveiled South Flagler House, a two-towered 27-story residential development planned to rise at 1315 and 1401 South Flagler Drive in West Palm Beach, Florida. Designed by Robert A.M. Stern Architects (RAMSA), it will be the globally renowned architecture firm’s first luxury residential high-rise in Florida; global design firm Stantec will serve as the architect of record. One of the country’s top agents, Suzanne Frisbie, along with Corcoran Sunshine Marketing Group will exclusively lead sales and marketing. Sales are expected to launch later this year.

Mast Capital Files Two Of Three Towers Planned For 1420 South Miami Avenue With The FAA

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

Mast Capital makes headway at the Federal Aviation Administration (FAA) with two of three planned mixed-use skyscrapers for a 2.6-million-square-foot development at 1420 South Miami Avenue in Brickell, Miami’s financial district. The 2.76-acre site is generally located within the confines of South Miami Avenue, Southwest 14th Terrace, Southwest 1st Avenue and Southwest 14th Street. World-renown international architecture firm Arquitectonica is the architect, and ArquitectonicaGEO will handle landscaping.

Electra America Hospitality Group Purchases Brand New West Palm Beach Property, Plans Transformation To Luxury Hotel Residence

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

Electra America Hospitality Group (EAHG), a joint venture between Electra America and AKA, has acquired a brand new property in downtown West Palm Beach that will be transformed into an upscale, hotel residence catering to the city’s rapidly growing corporate and leisure travel community. EAHG purchased the newly built, 6-story building located at 695 South Olive Avenue for $84 million from developer Transwestern Development Company. It is conveniently located within walking distance of historic Clematis Street, the Brightline West Palm Beach train station, numerous restaurants and night clubs, Palm Beach Atlantic University, several premier Class A office towers including Esperante Corporate Center and the new One Flagler, and just one block from the Intracoastal Waterway, leading to the serene and exclusive Palm Beach.

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