Articles by Oscar Nunez

UDRB to Review Plans for 39-Story Residential Tower at 2534 North Miami Avenue in Wynwood

8:00 am on July 15, 2024 By Oscar Nunez

Miami’s Urban Development Review Board has received an application for a 39-story multifamily residential tower at 2534 North Miami Avenue in Wynwood. The approximately 437-foot-tall building, proposed by 2534 N Miami Associates, LLC, an affiliate of New York-based Hidrock Properties led by Abraham J. Hidary, is designed by Arquitectonica and will feature landscape design by Gardner + Semler Landscape Architecture. The development aims to rise under the Live Local Act, featuring 463 residential units and 444 parking spaces.

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Proposed 55-Story Tower at 419 Northeast 19th Street Returns to UDRB for Review

8:00 am on July 14, 2024 By Oscar Nunez

Miami’s Urban Development Review Board has received another application for a 55-story tower at 419 Northeast 19th Street in Edgewater. The project, initially filed in October 2023, is scheduled for review on July 17 and has undergone several updates and modifications. The development team for this project includes architectural design by Fogarty Finger Architecture & Interiors, DLR Engineering, Inc. as the structural engineer, JALRW Engineering Group as the MEP engineer, Kimley-Horn as the civil engineer, VDA Consulting Services as the elevator consultant, and SLS Consulting as the life safety consultant. 419 NE 19th Street Owner LLC, a joint venture between SB Development led by Joseph Stern and Hazelton Capital Group, based in New York, has formally requested the UDRB to consider the project at its upcoming meeting.

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‘Naranja Grand’ Affordable Housing Community Tops Off In Southern Miami-Dade County

8:00 am on July 13, 2024 By Oscar Nunez

Housing Trust Group (HTG) recently celebrated a significant milestone with the topping off of Naranja Grand, a 320-unit affordable housing community in southern Miami-Dade County. In partnership with Miami Lakes-based Elite Equity Development, Naranja Grand will serve income-qualifying seniors and families across two eight-story buildings. The design and construction team includes ATL Architecture, general contractor Gomez Construction, engineer EAC Consulting, interior design by Builders Design, and landscape architecture by EGS2.

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Demolition Permit Issued for 1401 Brickell Avenue, Paving Way for 40-Story ‘Santander Tower’

8:00 am on July 12, 2024 By Oscar Nunez

A demolition permit has been issued for the 1401 Brickell property in Miami, signaling the beginning of redevelopment for the site. Although plans for a new tower are in place, a new construction permit has yet to be filed. The issued permit outlines the total demolition of 236,877 square feet at an estimated cost of $5,890,000. The BG Group is listed as the contractor responsible for the demolition. The application for the permit was initially submitted in June 2023, and it was approved and issued on July 3, 2023.

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$69.9 Million Refinancing Secured for 4000 Ponce/The Collection in Coral Gables

8:00 am on July 11, 2024 By Oscar Nunez

Miami-based real estate development firm CMC Group has obtained a $69.9 million loan from City National Bank of Florida (CNB) for the refinancing of 4000 Ponce/The Collection, a nine-story Class-A mixed-use office and retail development in Coral Gables. Developed by CMC Group Founder Ugo Colombo in 2002, the Mediterranean-style building is also home to The Collection, a luxury car dealership featuring brands such as Ferrari, Aston Martin, and Porsche. The property is located at the intersection of Ponce de Leon Boulevard and Bird Road and includes 150,000 square feet of Class A office space and 32,000 square feet of ground-floor retail. It is over 90% leased to tenants, including Steinway & Sons, Coldwell Banker, and Hemisphere Media Group.

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