Articles by Oscar Nunez

Developers Close On $141.5 Million In Financing For NoMad Residences Wynwood

Related Group and Tricap have secured $141.5 million in financing for NoMad Residences Wynwood. The project, underway in Miami’s Wynwood Arts District, received a $51.5 million mezzanine loan from Related Fund Management and a $90 million senior construction loan from Kennedy Wilson. The nine-story condominium tower commenced construction in October 2023 following its September groundbreaking. Located at 2700 Northwest 2nd Avenue near the Wynwood Walls, the building is designed by Arquitectonica, with interiors by DesignAgency.

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Developers Plan 48-Story Condo Tower With 400 Units At 3501 NE 1st Avenue In Midtown Miami

Terra and Lion Development Group have unveiled plans for Midtown 1, a 48-story residential building located at 3501 Northeast 1st Avenue in Midtown Miami. Scheduled to be reviewed by Miami’s Urban Development Review Board on May 15, this 598-foot-tall structure will offer 606,856 square feet of space, encompassing 400 condominium units, 27,658 square feet of retail space, and 498 parking spaces. The units will vary in size, ranging from 868 to 2,200 square feet, with a 14,471-square-foot penthouse atop the building. Arquitectonica is responsible for the architectural design, with interior design by Yabu Pushelberg and landscape design by Clad Landscape Architecture.

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UDRB Filing Reveals 1.8-Million-Square-Foot Mixed-Use Development Proposed In Overtown, Miami

Plans have been filed for a massive mixed-use development at 650 Northwest 8th Street and 678 Northwest 7th Street in Overtown, Miami. The project is a collaborative effort between 0101 Miami Properties, LLC, led by brothers Jorge and Jose Mas, and 8th Street Connections Holdings, LLC, an affiliate of Terra. The proposed development would yield 1,827,392 square feet of space, including 1,215 residential units, 16,347 square feet of commercial space, and 1,831 parking spaces. The architectural layout features three 12-story apartment buildings, a nine-story parking garage with residential units facing the street, and a three-story apartment building, designed by Arquitectonica. The city’s Urban Development Review Board is set to review the plans on May 15.

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Developer Files Plans For Clear Residences, A 60-Story Tower At 130 SE 1st Street in Downtown Miami

Toronto-based Blutrich Holdings, led by Israeli-Canadian real estate investor Gil Blutrich, has filed plans for Clear Residences, a 60-story mixed-use building at 130 Southeast 1st Street in Downtown Miami. Designed by Kobi Karp Architecture & Interior Design with KEITH as the landscape architect, the nearly 690-foot-tall structure would yield approximately 666,432 square feet of floor area, including 549 residential units, 3,622 square feet of ground floor commercial space, nearly 40,000 square feet of amenities, and parking for 157 vehicles. Miami’s Urban Development Review Board is scheduled to review the proposal for the project on May 15.

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FAA Permits Issued For 39-Story Mixed-Use Tower At 128 SW 7th Street In Brickell, Miami

The Federal Aviation Administration (FAA) has issued permits for a 39-story mixed-use building planned at 128 Southwest 7th Street in Miami’s Brickell financial district. Designed by Gensler, developed by Focus Development Inc (Focus) and tentatively dubbed Miami Starlite, the development is projected to yield 685,710 square feet of space. This includes 517 residential units, 8,282 square feet of retail space, and indoor parking for over 500 vehicles. Focus acquired the site for $28 million in November 2022. Previously the location of Brickell’s former Starlite East Motel, the property is a thru-block site with frontage on Southwest 8th Street and bound by the AC Miami Hotel on the east and the City Heights apartment tower on the west.

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