Articles by Oscar Nunez

Sumaida + Khurana And Bizzi+Bilgili Secure $47.25 Million In Construction Financing For ‘The Fifth Miami Beach’

8:00 am on December 27, 2023 By Oscar Nunez

Sumaida + Khurana and Bizzi+Bilgili, two internationally renowned real estate development firms, announced closing $47.25 million in construction financing from Cain International for The Fifth Miami Beach. This new Class A+ office building at 950 5th Street is the first commercial building in Miami’s South of Fifth neighborhood in 20 years. Designed by Alberto Campo Baeza, who recently won Spain’s National Prize for Architecture, The Fifth Miami Beach is the architect’s first Miami building and first commercial office project in the U.S.

Pebb Capital Secures $173M Construction Loan For ‘Sundy Village’ At 22 W. Atlantic Avenue In Downtown Delray Beach

8:00 am on December 26, 2023 By Oscar Nunez

Pebb Capital has secured a $173 million construction loan from Monroe Capital & J.P. Morgan for Sundy Village, a mixed-use development spanning approximately seven acres in the heart of Downtown Delray Beach. Following its groundbreaking in early 2023 and with delivery anticipated for summer 2024, this announcement marks another milestone for what will be the most unique, fully-amenitized lifestyle destination in the Atlantic Avenue District.

ANF Group Tops Off Phase One Of ‘Southpointe Vista’ Affordable Housing Community In Goulds, Miami-Dade County

8:00 am on December 25, 2023 By Oscar Nunez

ANF Group, Inc. recently celebrated the topping out of the first phase of Southpointe Vista, a two-phase affordable housing development developed by McDowell Housing Partners located at Southwest 117th Court and Southwest 214th Street in Miami-Dade County’s Goulds community. This phase introduces a 10-story high-rise reserved for those earning up to 70% of the area median income, featuring 124 affordable units comprising 91 one-bedrooms, 25 two-bedrooms, and eight 3-bedrooms. A two-story parking garage, connected by a skybridge, includes 196 spaces and 18 electric vehicle charging stations. Amenities encompass community rooms, laundry facilities, a cybercafé, a fitness room, a rooftop terrace, and on-site management offices.

Sentral Wynwood Announces New Retail Tenants: maman and The NOW

8:00 am on December 24, 2023 By Oscar Nunez

Brand Urban, a real estate brokerage and advisory company based in Manhattan, has announced that Sentral Wynwood, a resort-style residential community located in the heart of Miami’s arts district, has signed leases with maman and The NOW for ground-floor retail spaces at 51 Northwest 26th Street. As Sentral’s dedicated national placemaking consultant, Brand Urban ensures that the retail complements Sentral’s offerings across the U.S., enhancing the overall experience for long-term residents and guests. maman, New York City’s beloved French-inspired all-day café and bakery, has signed a lease for a 4,202-square-foot location. The NOW, a Los Angeles-founded wellness brand transforming the therapeutic massage space, will occupy 2,119 square feet at Sentral Wynwood. Both locations are slated to open in 2024 and mark maman, and The NOW’s first stores and Sentral’s first community will launch in the Miami market.

Urban Network Capital Group & Vertical Developments Secure $24.5M Construction Loan for Visions at Brickell Station

8:00 am on December 23, 2023 By Oscar Nunez

Miami-based developer Urban Network Capital Group (UNCG), in partnership with Vertical Developments, has secured a $24.5 million construction loan from Rok Lending for the Visions at Brickell Station development. This wellness-forward condo-hotel project, designed by DTI Architects with interiors by Concepto Taller de Arquitectura, is located in Miami’s Brickell neighborhood. With over 50 percent sold, this project is on track for its expected completion in 2025.

Developers Complete Utilities Deal With Miami-Dade County For 31-Story Tower At 600 Miami Worldcenter

8:00 am on December 22, 2023 By Oscar Nunez

The 31-story 600 Miami Worldcenter (600 MWC) has reached a significant development milestone, with the developers securing a utility agreement from Miami-Dade’s Water and Sewer Department. This agreement is essential for providing services to the building, marking notable progress in this pre-construction phase of the project. Designed by Revuelta Architecture International and featuring interiors by Designagency, the development is a joint venture between Aria Development and Merrimac Ventures under the 55 NE 6TH ACQUISITION LLC. The 327-foot-tall structure is set to rise at 600 Northeast 1st Avenue, bordered by Northeast 6th Street to the south and train tracks to the north. OneWorld Properties is exclusively managing sales and marketing for the project. Miami’s Urban Development Review Board recommended approval for 600 MWC in July.

13th Floor Homes Breaks Ground On Two Townhome Rental Communities In South Florida’s Port Saint Lucie: Villas of Torino & Tredici at Central Park

8:00 am on December 21, 2023 By Oscar Nunez

South Florida-based developer 13th Floor Homes has commenced construction on two single-family rental communities in Port Saint Lucie, Florida: Villas of Torino and Tredici at Central Park. These developments, now under construction, will contribute 346 rental townhomes to the region, addressing the increasing demand for single-family housing in South Florida.

BGI Companies Selects Moss Construction As The Construction Management Firm For Alba Palm Beach

8:00 am on December 20, 2023 By Oscar Nunez

Miami-based real estate development firm BGI Companies has appointed Moss Construction as the construction management firm to complete Alba Palm Beach, a 22-story, 262-foot residential building at 4714 North Flagler Drive directly on the Intracoastal waterways in the emerging Northwood neighborhood of West Palm Beach. Designed by Spina O’Rourke + Partners with Schmidt Nichols as the landscape architect and developed in partnership with Blue Road, Alba Palm Beach is set to deliver a boutique collection of 55 luxury residences by 2025; units are priced from $3 million and are currently 45 percent sold.

Newgard Development Group Acquires 1.08-Acre Development Site At 200 W. Broward Blvd. In Downtown Fort Lauderdale

8:00 am on December 19, 2023 By Oscar Nunez

Newgard Development Group recently acquired a 1.08-acre site at 200 West Broward Boulevard in downtown Fort Lauderdale from a joint venture between Aimco and Kushner Companies for $31.24 million. The site, zoned for substantial residential development, has received approvals for a 49-story building comprising 381 residential units, 8,256 square feet of commercial space, and 426 parking spaces. Updated details about future development plans are anticipated to be announced in the coming months.

Developer Seeks Planning Board Approval For Herzog & de Meuron-Designed 32-Story Condo Project In West Palm Beach

8:00 am on December 18, 2023 By Oscar Nunez

Palm Beach billionaire Jeff Greene is advancing plans for a high-end condominium project situated across from the waterfront Currie Park in West Palm Beach. The city’s Planning Board is slated to review the project, crafted by the esteemed Swiss architecture firm Herzog & de Meuron in partnership with the local Spina O’Rourke + Partners and Enea Garden Design for landscape architecture. The review of the application for the 4.5-acre site at 2175 North Flagler Drive is on the agenda for December 19. The currently vacant site is held by 6622 Hollywood Boulevard Partner LP and 920 N. Stanley Partners LLC, both entities under Greene’s leadership.

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