Articles by Oscar Nunez

Sales Launch For The 70-Story Okan Tower At 555 North Miami Avenue In Downtown Miami

8:00 am on November 10, 2021 By Oscar Nunez

Sales have launched for the highly-anticipated Okan Tower, a 70-story mixed-use skyscraper planned to rise at 555 North Miami Avenue in the epicenter of Miami’s urban core. Designed by Behar Font & Partners for Turkish real estate developer Okan Group, the 902-foot-tall structure will be anchored by Hilton Hotel & Residences and yield 163 Sky Residences with exclusive owners-only amenities, 236 Condo-Hotel Residences, a five-star hotel-resort with 316 room and endless amenities, and Class A Office Space. Plans for the project are now being fast-tracked with Fortune Development Sales leading sales and marketing.

Atlas Real Estate Partners Proposes 310-Unit Mixed Project In St. Petersburg

8:00 am on November 9, 2021 By Oscar Nunez

New York City-based developer Atlas Real Estate Partners, led by Arvind Chary and Alex Foster, have made unsolicited proposals to purchase a 2.02 acre site, nearly 88,000 square feet, from the City of St. Petersburg near Tropicana Field for $5.5 million. The address in question is 910 2nd Avenue South within the Intown Redevelopment Area…

200 Central Avenue. Designed by SB Architects

Development Review Commission Approves Kolter Group’s 41-Story Tower At 200 Central Avenue In St. Petersburg

8:00 am on November 8, 2021 By Oscar Nunez

Delray Beach-based developer Kolter Group is moving forward with the plans for project at 200 Central Avenue, a 41-story mixed-use building planned to rise on an existing grade-level parking lot in Downtown St. Petersburg. Despite some hesitation with the overall design, the city’s Development Review Commission ultimately gave the green light for project and site plan modifications requesting floor area ratio bonuses. Designed by SB Architects, the firm behind the design of Kolter’s One St. Petersburg and Saltaire towers, the structure will rise approximately 480-feet including the decorative crown, and yield 248 residential units, 6,100 square feet of ground floor retail, and 482 parking spaces.

Renderings Reveal 14-Unit Multifamily Development Proposed For 3303 SW 15th Avenue In Edgewood, Fort Lauderdale

8:00 am on November 7, 2021 By Oscar Nunez

Renderings from Palm Springs-based architect Nader Goubran reveal a new contemporary three-story multifamily residential building at 3303 Southwest 15th Avenue in Fort Lauderdale’s Edgewood neighborhood. The project is being proposed by Austen and Steven Bernstein of New Story Capital Partners, set to rise on the southwest corner of Southwest 32nd Place and Southwest 15th Avenue, exactly north of the Wesley Chapel United Methodist Church and just minutes away from the Fort Lauderdale-Hollywood International Airport. The building will eventually create 14 residential units spread across 37,674 square feet with 34 parking spaces.

The Ritz-Carlton Villa Collection Reaches $93 Million Sell Out Prior To Completion In Miami Beach

8:00 am on November 6, 2021 By Oscar Nunez

4701 North Meridian LLC and GFI Development Company have announced the 100% sell-out of the Villa Collection at The Ritz-Carlton Residences, a collection of 15 two-story single-family homes currently under construction at 4701 Meridian Avenue in Nautilus, Miami Beach. The project totaled $93 million in sales just nine months after breaking ground and the official launch. Designed by the world-famous master Italian architect, Piero Lissoni, the project is located adjacent to the 8-story Ritz-Carlton Residences and facing the Surprise Waterway connected to Biscayne Bay. The free-standing villas will range in size from 3,263 to 4,643 square feet of living space with five different floor plans providing three, four and five-bedroom configurations.

Chetrit Group Lands $310 Million Loan From Madison Realty Capital For The Kobi Karp-Designed 6.2-Acre Miami River Mega Project

8:00 am on November 5, 2021 By Oscar Nunez

The Chetrit Group’s vision for the 6.2-acre Miami River may finally come to fruition after landing a loan to begin construction. The New York City-based developer was granted $310 million in financing from Madison Realty Capital for the first two phases of the 4.2 million-square-foot mega project in Brickell, which is comprised of building the first of four towers and the additions and improvements to the riverwalk. The deal was arranged by Henry Bodek of Galaxy Capital Group, and is collateralized by the land for the last three phases. Kobi Karp is the architect for development, which will ultimately yield 1,928 residential units, 330 hotel rooms, 196,882-square-feet of retail space, and 98,040-square-feet of office space across multiple glass-clad towers along with boat slips, an outdoor theater, a residents lounge, a business center, a state-of-the-art gym, a pool, and a café.

$90 Million Renovation And Expansion Of Swimming Hall Of Fame Awaits City’s Approval In Fort Lauderdale

7:30 am on November 5, 2021 By Oscar Nunez

Hall Of Fame Partners, a partnership between Capital Group P3 and Hensel Phelps Construction Company have submitted a proposal to redevelop Fort Lauderdale’s International Swimming Hall of Fame in Central Beach. Located at 1 Hall of Fame Drive and 501 Sea Breeze Boulevard, the $90 million renovation and expansion is comprised of the construction of two new five story towers: a 105-foot-tall museum on the west side of the peninsula and a 94-story welcome center on the east side. The development will include a ballroom with a rooftop restaurant, a covered teaching pool, and 20,000 square feet of museum space. as well as a cafe, office and commercial space, and parking for 202 vehicles. The project gained a preliminary approval from the city commission, but still need’s a final city vote to move forward.

Lofty Brickell Receives Height Increase And Design Changes In Newly Revealed Renderings

8:00 am on November 4, 2021 By Oscar Nunez

New renderings has been released to the public of Lofty Brickell, a short-term rental tower being planned for 99 Southwest 7th Street – a prime location facing the Miami River in Brickell. Arquitectonica remains as the design architect for the building, which based on the renderings has been increased to nearly 50 stories, up from the previously planned 37-stories. The rendering of the tower facing southeast towards the Metrorail bridge was first posted in a paid advertisement from The Real Deal with details on unit pricing. Newgard Development Group is developer behind the efforts to redevelop the site, which will eventually give rise to three towers.

Proposals Reveal A 15-Story Hotel With 132 Units In Fort Lauderdale

8:00 am on November 3, 2021 By Oscar Nunez

The Development Review Committee of the City of Fort Lauderdale is now reviewing proposals for 2025 East Sunrise Boulevard, a 15-story commercial building near Victoria Park and Lake Ridge neighborhoods. The development would rise on a vacant 18,949-square-foot lot west of the Middle River, bound by the East Sunrise Boulevard bridge crossing into Coral Ridge on the south and the East Point Towers residential complex on the north and west along North Federal Highway. The project is designed by Miami-based Beilinson Gomez Architects and being developed by Sunrise 2025 LLC, planned to yield 132 hotel units with 108 parking spaces.

Final Touches Underway For Moinian Group’s 43-Story Bezel At Miami Worldcenter

8:00 am on November 2, 2021 By Oscar Nunez

The final touches are underway at Bezel, a 43-story mixed-use building located within the 27-acre Miami Worldcenter Complex in Downtown Miami’s Park West district. Designed by Stantec and developed by New York City-based Moinian Group in collaboration with ZOM Living, the 493-foot-tall structure nears completion, addressed as 650 Northeast 2nd Avenue and yielding 434 residential units with ground floor commercial space. The project is scheduled to open to residents on December 15th as leasing efforts are well underway.

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