Articles by Oscar Nunez

Fortune International Group And Blue Road Launch EB-5 Investment Opportunity For Nexo Residences In North Miami Beach

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

Miami-based Fortune International Group and Bay Harbor Islands-based Blue Road announced that Nexo Residences, a 15-story condominium project planned for construction in North Miami Beach with unrestricted home-sharing rental capabilities, is now designated for EB-5 Program investment. Located at 13899 Biscayne Boulevard, Nexo Residences is one of the first condo projects in the rapidly growing area that offers short-term rental capability without restrictions amidst its 254 residences. Designed by Frankel Benayoun Architects Inc. with consultation from internationally-renowned architect Carlos Ott, and common areas, residential interiors, and landscaping curated by Urban Robot, the project’s well-thought, resort-style amenities are coupled with connectivity throughout to make one’s stay on the property seamless – giving meaning to the brand’s name, Nexo, which is “nexus” in Spanish, a central point for its location, lifestyle and technology.

Brightline Hosts Construction Milestone Topping-Off Ceremony At Boca Raton Station

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

Brightline, the only provider of modern, eco-friendly, intercity rail in America, along with its contractor Kaufman Lynn, recently hosted the “topping-off” ceremony for its Boca Raton station and parking garage located at 101 Northwest 4th Street. Brightline’s president, Patrick Goddard, was joined by Boca Raton Mayor Scott Singer, Kaufman Lynn Construction Senior Vice President Garrett Southern, and city council members. The event signifies a milestone event as the vertical and structural work has been completed and the focus now shifts towards completing the interiors. The Topping Off event will be commemorated with a ceremonial signing of a beam inside the train station.

River Landing Shops & Residences Launches Innovative Retail Space For Emerging Brands

7:30 am on August 17, 2022 By Oscar Nunez

River Landing Shops & Residences, a 2.2 million-square-foot mixed-use development at 1400 Northwest North River Drive in Allapatah, has launched Capsule, an innovative retail space for emerging brands to showcase specialty hand-picked merchandise, providing access to amenities such as dressing rooms, WIFI, ambient music and private restrooms at an affordable cost with flexible lease terms. Capsule connects customers in the community with items they can’t find anywhere else. The unique brick-and-mortar platform offers brands a traditional retail environment while allowing shoppers to support local women-owned businesses offering diverse selections of curated fashion and home goods under one roof. The 4,000-square-foot space is home to 20 highly curated local businesses.

Suffolk Construction Selected As General Contractor For St. Petersburg’s Tallest Building

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

Suffolk Construction has been selected as the general contractor for The Residences at 400 Central, a world-class 46-story mixed-use tower slated to ascend over the heart of Downtown St. Petersburg at 400 Central Avenue. The 515-foot-tall structure will become the new tallest building in St. Petersburg and on Florida’s west coast, designed by Miami-based Arquitectonica and developed by New York City-based Red Apple Real Estate. The project will yield 1.3 million square feet of space including 301 condominium homes with 35,000 square feet of indoor and outdoor amenities, retail and restaurant space, Class A office space and a rooftop observatory with view from Tampa Bay to the Gulf of Mexico.

Abbhi Capital Releases First Concept Rendering Of A Planned Mixed-Use Project For Miami Worldcenter Block A

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

YIMBY spotted a new rendering of another potential large scale mixed-use project for an undeveloped site in Miami Worldcenter, better recognized as MWC Block A in Park West, Downtown Miami. 2.2-acres of this city block is under the ownership of Miami-based developer and investment firm Abbhi Capital, led by founder and managing partner Sankesh Abbhi, which was assembled by the firm under the Sanaproperty8 LLC between 2020 and 2021 for a total of approximately $44 million. The developer is reportedly planning a mixed-use project with multi-family, office, retail and hotel components, currently in the pre-construction and entitlement phases. The property allows for up to 2 million square feet of development, which would be incorporated into the 27-acre Miami Worldcenter complex.

Riverside Wharf Wins Unanimous Support from Miami City Commission, Awaits Voter Referendum For Land Lease Extension

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

After the City of Miami Commission’s unanimous decision to move ahead with the Riverside Wharf master plan, Miami voters will have the opportunity to vote “yes” to extend the land lease for the development which will pave the way for Riverside Wharf to become a longstanding part of the Miami River community. Riverside Wharf, developed by MV Real Estate Holdings (MVREH), in conjunction with Driftwood Capital and Merrimac Ventures, is a $185M hospitality-driven entertainment complex along the historic Miami River. The 10-story, 1.5-acre development will rise as a world-class entertainment destination expected to usher in a new era for the River District by providing a new home for Wharf Miami, as well as brand new dining and nightlife concepts and a 165-key Dream Miami hotel that will be an amenity for the city and attract continued growth to the undeveloped riverfront neighborhood. Construction for this development is slated to start in the second quarter of 2023.

Developers Acquire 26-Acre Development Site For Planned $120 Million Class-A Residential Community In Cape Coral

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

West Palm Beach-based real estate developer Shoreham Capital, in partnership with Salt Lake City-based Bridge Investment Group and Denver-based Wynkoop Financial, announce the acquisition of a 26-acre development located at 186-264 Tierra De Paz Loops in Cape Coral, Florida. The planned $120 million development, dubbed Siesta Lakes, will be a Class-A residential rental community. Current plans for Siesta Lakes include 412 apartment units comprising one-, two-, and three-bedroom floor plans, with each residence having a private balcony, as well as open concept living areas and high-end finishes. Amenities will include a gym, pool, dog park, pickleball courts, business center, and more. Construction is slated to begin in Q4 2022.

Site And Soil Permits Filed For One Brickell Tower II At 77 SE 5th Street In Miami

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

Permits have been filed for site and soil improvements at 77 Southeast 5th Street, where Miami-based Related Group plans on building a 47-story tower residential tower with 506 apartments. Also know as One Brickell Tower II, the 478-foot-tall structure would be one of three to rise within the One Brickell mixed-use development fronting the Miami River. John Moriarty & Associates is listed as the contractor, and the scope of work is estimated to cost $1.5 million. Isley Barajas of the Related Group is listed as the owner/applicant for the permits, filed on August 9, 2022.

Miami-Dade County Releases New Details On MetroCenter, The Redevelopment Of 17-Acres In The Government Center District

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

Miami-Dade County has initiated a Request For Proposals to enter into a long-term public-private partnership to redevelop 17 contiguous acres of County-owed land within the 28-acre Government Center District in Downtown Miami. The bidding process opened this past Tuesday for the redevelopment project, which the county branded as MetroCenter, and the property comprises 11 primary sites spanning multiple blocks west of the Government Center Metrorail Station and east of the I-95 Expressway. The chosen Master Developer will have the opportunity to lead the development of up to 23.7 million square feet of space which could include anywhere between 6,000 to 8,500 residential units mixed between affordable and market rates, educational facilities, transportation advancements, cultural amenities and open spaces, commercial spaces, hospitality spaces, and retail establishments. These uses would be spread throughout multiple structures that could rise 550 to 770 feet, with the objective of creating a seamless, active, self-sustaining, urban neighborhood.

Citadel Leases 90,000 Square Feet Across Six Floors At 830 Brickell In Miami’s Financial District

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

Ken Griffin’s Citadel, a multinational hedge fund and financial services firm, signed the largest office lease to date at the under construction 830 Brickell, a 55-story Class A-Plus office tower that just recently topped off in Miami’s Brickell Financial District. The firm is taking up 90,000 square feet of space across six floors at the 724-foot-tall tower, which is designed by Adrian Smith + Gordon Gil Architecture with interiors by Iosa Ghini Associati and developed by Vlad Doronin’s OKO Group and Jonathan Goldstein’s Cain International. Construction is expected to complete later this year, anticipated to yield nearly 640,000 square feet of space. Civic Construction is managing construction with Ant Yapi.

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