Articles by Oscar Nunez

$34.8 Million Mezzanine Financing Secured For Miami Airport Marriott Connection

8:00 am on June 6, 2024 By Oscar Nunez

Driftwood Capital has provided $34.8 million in mezzanine financing for refinancing Miami Airport Marriott Connection, a Marriott-branded complex with three hotels near Miami International Airport. The financing was provided through Driftwood Lending Partners, LP (DLP), to an affiliate of Cerberus Capital Management and Highgate. Driftwood originated the two-year loan with three one-year extension options at a competitive interest rate.

$84.4M Loan Secured For The Arcadian Mixed-Use Affordable Housing Project In Fort Lauderdale

8:00 am on June 5, 2024 By Oscar Nunez

Centennial Bank has provided an $84.4 million loan for The Arcadian, an 8-story mixed-use affordable housing project at 640 Northwest 7th Avenue in Fort Lauderdale. Designed by Behar Font & Partners and developed by Fuse Group in collaboration with Boca Paila led by Grupo Krea, the project will include 478 residential units, 15,000 square feet of retail space, and a 212,000 square foot parking garage. The development has already broken ground and is expected to be completed in 20 months.

31-Story Midtown 7 Gets FAA Approval To Rise 352 Feet Above Ground In Midtown Miami

8:00 am on June 4, 2024 By Oscar Nunez

Midtown 7, a 31-story mixed-use building planned at 3001 Northeast 1st Avenue in Midtown Miami, has recently received height approval from the Federal Aviation Administration (FAA) and is progressing in the permitting process. According to a determination letter issued on May 22, the tower is approved to rise to a maximum height of 352 feet above ground, or 367 feet above sea level. The FAA letter lists the developer as PPF AMLI 3001 NE 1st Avenue, LLC, an affiliate of AMLI Residential.

Plans Filed for Wynwood’s Tallest Tower: 48-Story Mixed-Use Development at 2101 NW Miami Court

8:00 am on June 3, 2024 By Oscar Nunez

Plans for Wynwood’s tallest-ever tower have been filed. Currently known by its address, 2101 NW Miami Ct, the proposed mixed-use development, designed by Arquitectonica and developed by Wynwood Interest LLC, managed by Isaac, Jacobo, Simon, John, and Rosa Bazbaz, is set to rise 48 stories, or 490 feet above ground and 506 feet above sea level. The project would yield approximately 755,688 square feet of floor area, including 544 residential units, two floors of amenities on levels 9 and 10, 19,292 square feet of ground-floor retail, and 621 on-site parking spaces spread over six garage levels. The Wynwood Design Review Committee is scheduled to hold a hearing on the proposal on June 4.

Developer Advances With 620-Unit Residential Development Across 30.6 Acres At 1600 S. Park Road In Hollywood

8:00 am on June 2, 2024 By Oscar Nunez

Developer Park Road Development LLC is advancing with detailed plans for 30.6 acres of city-owned land in Hollywood five years after securing the bid for the property. The city’s Technical Advisory Committee is set to review the residential and commercial components proposed for 1600 South Park Road on June 3. Additionally, a concurrent land use amendment will require City Commission approval at a later date.

Developer Plans 6-Story Hotel Tailored For Pilots At 4849 NW 36th Street Near Miami International Airport

8:00 am on June 1, 2024 By Oscar Nunez

A developer has proposed a new hotel for pilots just north of Miami International Airport in Miami Springs. The city’s Planning and Zoning Board was scheduled to review the site plan for the Pilot House Suites by Sucre LLC on the evening of May 28. The proposed development encompasses 1.13 acres of vacant land at 4849 Northwest 36th Street, 673 La Villa Drive, and 640, 656, and 664 Minola Drive.

Tampa Bay Rays Reveal New Conceptual Images for Downtown St. Petersburg Stadium

8:00 am on May 31, 2024 By Oscar Nunez

The Tampa Bay Rays have unveiled new conceptual designs for their proposed baseball stadium in downtown St. Petersburg. Designed by the architectural firm Populous, the stadium is set to be reviewed by the City Council Committee of the Whole on June 12. The team aims to secure approvals by July and begin construction in early 2025, with the stadium expected to open for the 2028 baseball season.

Plans Unveiled For 28-Story Mixed-Use Development ‘Shoma 88’ In Kendall

8:00 am on May 30, 2024 By Oscar Nunez

Miami-based developer Shoma Group has announced plans for Shoma 88, a mixed-use development in Kendall. Designed by PPK Architects, this 28-story project will feature 405 rental units, each offering approximately 920 square feet of space. In alignment with Florida’s Live Local Act, at least 40 percent of the units will be designated for workforce housing. Groundbreaking is slated for the first quarter of 2025, and its estimated completion date is within 30 months.

Dewatering And Tree Permit Applications Filed For Three-Tower Development At 700 N. Miami Avenue In Miami Worldcenter

8:00 am on May 29, 2024 By Oscar Nunez

Dewatering and tree permit applications have been filed for 700 North Miami Avenue, a massive three-tower mixed-use development planned by Witkoff Group and Monroe Capital at Miami Worldcenter in Downtown Miami. Designed by Kobi Karp, the project will entail over 3 million square feet of space, including 2,350 residential units, over 30,000 square feet of ground-floor retail, and 1,924 parking spaces distributed across three towers. The project is advancing through the construction permitting process, with several new permits recently submitted – signaling that foundation work could commence soon for the former Miami Arena site.

Two Upcoming Residential Towers Secure Utility Agreements In Miami

8:00 am on May 28, 2024 By Oscar Nunez

Miami-Dade’s Water and Sewer Department has finalized utility supply deals for two upcoming developments in the Brickell and Park West areas. Both projects, designed by Sieger Suarez Architects and currently in the construction permitting phase, secured utility agreements on May 22.

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