Articles by Oscar Nunez

Park Partners Residential And Independencia Asset Management Acquire 280-Unit The Commons And Plan $58.5 Million Renovation

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

Park Partners Residential, owner and operator of value-add and luxury multifamily apartment communities, and Independencia Asset Management have completed the $77,750,000 acquisition of The Commons, a multifamily residential community addressed as 8050 Gables Commons Drive in Orlando. The 19.28-acre property is located south of Little Lake Bryan Parkway and is east of Vineland Avenue and Interstate-4, just minutes away from Orlando Vineland Premium Outlets. Los Angeles-based Ares Management provided the funds for the purchase, which was brokered by Jubeen Vaghefi, Denny St. Romain and Charles Crapse of Cushman Wakefield. The newly formed joint venture between Park Partners Residential and Independencia Asset Management received a $58.5 million construction loan from American Real Estate Capital to fund an extensive renovation of the property’s 280 units, clubhouse and amenity spaces.

New Renderings Released For LOFTY Brickell At 99 Southwest 7th Street In Brickell, Miami

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

New renderings have been revealed for LOFTY Brickell, a 42-story residential skyscraper scheduled to break ground later this year at 99 Southwest 7th Street along the Miami River in Brickell, Miami. Located across from Brickell City Centre, at the junction of South Miami Avenue and Southwest 7th Street, the 1.62-acre site will give rise to an estimated 481-foot-tall building designed by Arquitectonica with landscape architecture by Urban Robot Associates, yielding 364 fully-finished and furnished residences with curated interiors by INC and 40,000 square feet of amenities. Newgard Development Group is the developer, who has on-boarded Cervera Real Estate as the exclusive sales and marketing firm. Units will come in studio, one- and two-bedroom floor plans as well as penthouses, priced from $493,000 to $1.3 million, and will offer owners flexible home-sharing options.

Sirene Villas Breaks Ground At 1236 George Bush Boulevard In Delray Beach

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

Philadelphia-based developer Stamm Development has broken ground on Serene Villas, a new residential community of six ultra-luxury townhouses in the early stages of construction at 1236 George Bush Boulevard in Delray Beach. The design for the project was envisioned by Randal Stofft of Delray Beach-based Stofft Cooney Architects, paired with interiors by award-winning design studio Asthetique. The interior lot spans nearly 0.62 acres, or precisely 26,907 square feet, and is mainly bound by George Bush Boulevard on the north with the other ends of the city block being North Ocean Boulevard on the East, Southways on the South, and Andrews Avenue on the West.

FAA Approves Heights For St. Regis Residences In Sunny Isles Beach

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

The Federal Aviation Administration has issued building permits to developers Fortune International Group and Château Group for St. Regis Residences in Sunny Isles Beach, a pair of 62-story ultra-luxury residential towers planned for 18801 Collins Avenue. Designed by Arquitectonica with interiors by São Paulo-based Anastassiadis and landscaping by EDSA, the towers would yield a combined estimate of 374 residential units and approximately 70,000 square feet of amenities, and would rise along the coveted strip of luxury high rises on Collins Avenue in between the Intracoastal Waterway and Atlantic Ocean.

Florida East Coast Realty To Renovate Their Office Towers At 1101 Brickell Avenue To Meet Growing Demand

7:30 am on March 23, 2022 By Oscar Nunez

Florida East Coast Realty (FECR) is planning to invest $12 million in renovations to its office towers at 1101 Brickell Avenue in Miami’s Financial District, including a new grand lobby, flagship restaurant, extensive fiber optic connectivity, and 24-hour security. Located immediately West of Miami’s currently tallest skyscraper – the 85-story Panorama Tower also owned and built by FECR – the office towers are bound by Brickell Avenue on the West, Southeast 11th Street on the South and Southeast 10th Street on the northern end of the city block.

Miami Worldcenter Reaches Milestone With The Completion Of Block H

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

The 27-acre Miami Worldcenter mega project, has reached a new milestone in construction with the completion of Block H, adding to the residential, retail and parking components on the $4 billion mixed-use development reinvigorating the Park West neighborhood of Downtown Miami. Block H is comprised of 50,000 square feet of prime street-level and rooftop retail space, and a 922-space public parking garage fronting Northeast 7th Street, between Northeast 1st and 2nd Avenues. A portion of the structure’s rooftop is also home to a resort-style amenity deck serving Bezel Miami, a recently completed 43-story luxury rental tower developed next door by the Moinian Group in collaboration with ZOM Living. Miami Worldcenter was envisioned and master planned by Miami Worldcenter Associates, a joint venture led by Principal Art Falcone and Managing Partner Nitin Motwani in partnership with CIM Group.

26-Story Mixed-Use Tower ‘Venus’ Unanimously Approved In North Miami Beach

7:30 am on March 22, 2022 By Oscar Nunez

The Planning and Zoning Board of North Miami Beach has unanimously approved plans for Venus, a 26-story mixed-use building planned for 2060 Northeast 164th Street. Designed by Burgos Lanza Architects & Planners with landscape architecture by Kimley-Horn and developed by Crep NMB Venus LLC, an affiliate of New York City-based developer Carpe Real Estate Partners (Carpe), the development is approved for approximately 660,000 square feet of space including 440 rental units, 11,000 square feet of carefully curated retail space, 499 parking spaces and a variety of residential amenities.

New Construction Permits Filed For Related Group’s 73-Story Baccarat Residences Condo Tower In Brickell

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

New construction permits have been filed for Baccarat Residences, a 73-story residential skyscraper located at 99 Southeast 5th Street in Brickell. The permit filing has revealed the structure will top out at 835-feet, and will contain 806,326 square feet of space including 796,326 square feet of space designated for residential use across 352 condominium units and 10,000 square feet of space for a restaurant. The corporation listed as the owner of the application is 444 Brickell Partners, LLC, an affiliate of the Related Group (Related) led by prolific real estate developer Jorge M. Perez, who is often referred to as the condo king of Miami. Related is developing the highly anticipated tower with SH Hotels & Resorts, who manages the Baccarat Hotel in New York. The building is designed by Miami-based international architecture firm Arquitectonica with lavish interiors by New York City-based Meyers Davis, and landscaping will be handled by Enzo Enea of Zurich-based Enea Garden Design. John Moriarty and Associates of Florida Inc. is listed as the general contractor.

Revuelta-Designed Ocean Park Sells Out At 312 Ocean Drive In Miami Beach

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

Developer Multiplan REAM and exclusive sales and marketing agent The Carmenate/Duchon Team at The Corcoran Group, have announced the $32 million sell-out of Ocean Park, a 4-story luxury boutique condominium under construction at 312 Ocean Drive in Miami Beach’s coveted South of Fifth neighborhood. Situated directly across from Marjory Stoneman Douglas Oceanfront Park, the building yields 10 residences offering the ultimate South Florida lifestyle. Walls of glass will provide views of the park and the Atlantic, and new residents will enjoy generous private outdoor living spaces along with tranquil common areas.

Phase One Of PMG’s Society Orlando Nears Topping Out At 434 North Orange Avenue

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

Construction is nearing the final floors on phase one of Society Orlando, a two-towered mixed-use development of 26 and 16 stories at 434 North Orange Avenue in the Central Business District of Downtown Orlando. The project is designed by Orlando’s very own Baker Barrios and is being developed by national real estate developer Property Markets Group (PMG) alongside New York City-based investment firm Raven Capital Management. John Moriarty & Associates is managing the development’s construction, which will ultimately yield 707 residential units between both towers and 36,000 square feet of ground floor commercial space. The first phase of construction is comprised of the taller, approximately 350-foot-tall tower rising along West Livingston Street with 462 units.

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