Articles by Oscar Nunez

42 Pine Lands $35.5 Million Construction Loan From BridgeCity Capital, Reaches 50% Sold Mark

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

Brooklyn, New York-based BridgeCity Capital is providing $35.5 million in financing to Miami Beach-based JP Roosevelt to begin construction on 42 Pine, an 8-story boutique condominium building envisioned for 340 West 42nd Street between Sheridan Drive and Pine Tree Drive in Nautilus, Miami Beach. The project is designed inside and out by Arquitectonica with landscaping by ULU Studio and offers 50 well-appointed residences spanning 700 to 2,700 square feet, ranging between 1-to-3 bedroom residences and penthouse units. Sales launched just over a month ago, and has already reached the 50% sold mark. Units are priced from $700,000 to $4,000,000 with sales and marketing exclusively handled by Mushka Jacobson of Douglas Elliman.

DACRA’s 15-Story Class-A Office Building ‘The Ursa’ Submitted To Miami’s Urban Development Review Board For Approval

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

An Urban Development Review Board (UDRB) application has been submitted for review and approval in regard to The Ursa, a 15-story office building proposed for development at 30 Northeast 29th Street in Miami’s Design District. Featuring world-class architecture from design firm Arquitectonica and developed by Sun King LLC, an entity directed by DACRA CEO Craig Robins, The Ursa comprises 274,268 square feet of space including 159,892-square-feet of Class-A office space across 10-stories, 6,780 square feet of ground floor retail space, and 134 parking spaces all within a 222-foot-tall artistically-designed structure. The application was scheduled for review on June 15, 2022 and is now pending approval.

New Renderings From Arquitectonica Revealed For Proposed Miami Freedom Park In Grapeland Heights

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

The developers behind the proposed Miami Freedom Park have submitted a revised master plan and new renderings to city planners for review. Arquitectonica is listed as the architect with ArquitectonicaGEO as the landscape architect and Miami Freedom Park, LLC (MFP) is the developer for the 72-acre property at 1400 – 1550 Northwest 37th Avenue in Grapeland Heights beside Miami International Airport. The property is solely owned by the City of Miami, and is leased to MFP for 99-years with the intent of developing a world-class 25,000-seat Major League Soccer stadium for Inter Miami CF, a 600,000-square-foot Soccer Village with food, beverage and retail venues, 750 hotel rooms, 400,000 square feet of office space, and 5,100 parking spaces.

Integra Investments And EHDOC Announce Completion Of 13-Story Affordable Housing Project ‘Mosaico’

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

Integra Investments, the Miami-based real estate investment and development company — through its affordable housing development division, Interurban, LLC — in a joint venture with Elderly Housing Development & Operations Corporation (EHDOC), a national non-profit organization dedicated to developing and managing senior affordable housing, announced the completion of the 271-unit elderly affordable housing development — Mosaico. The development provides much-needed subsidized housing in the City of Miami amid Miami-Dade’s housing crisis.

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.

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