Articles by Oscar Nunez

Concrete Contractor Inks Deal for Pendry Tampa, Signaling Major Progress

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

C&C Concrete Pumping has secured a significant contract with the Pendry Hotel & Residences project at Riverwalk Tampa, signaling major progress for the development. Tampa Tomorrow on Instagram broke the news of the contract signing with C&C, highlighting the imminent vertical construction of the 38-story tower. The building, currently in its foundation phase, will have structural depth matching its height, making it one of Tampa’s most intense structural projects to date.

Major Acquisition Expands Developer’s Waterfront Footprint in North Bay Village

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

Continuum Company has expanded its presence in North Bay Village by acquiring Shuckers Waterfront Bar & Grill and Best Western On The Bay Inn & Marina (now known as North Bay Inn Miami) at 1819 and 1855 79th Street Causeway. This acquisition, supported by a $67.5 million loan from Longline Financial, extends Continuum’s waterfront footprint to 4.5 acres, adjacent to its latest development, Continuum Club & Residences. The restaurant and hotel will remain operational.

Shoma Bay Breaks Ground at 1850 79th Street Causeway in North Bay Village

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

Coral Gables-based Shoma Group has broken ground on Shoma Bay, a mixed-use tower in North Bay Village, located at 1850 79th Street Causeway. The 24-story development will feature 333 waterfront condos, a 35,037-square-foot Publix market, and 15,628 square feet of retail space.

Total Demolition Permit Issued for 19-Story Building at One Bayfront Plaza Supertall Site

8:00 am on June 27, 2024 By Oscar Nunez

Miami’s Building Department has issued a total demolition permit for the One Bayfront Plaza site at 100 South Biscayne Boulevard, marking the first step towards developing a new supertall tower in downtown Miami. The permit, approved on March 27, was finally issued on June 25.

$76.81 Million Loan Secured for ‘SoWy’ Mixed-Use Development in Wynwood and Overtown

8:00 am on June 26, 2024 By Oscar Nunez

More Development, an international real estate company based in Miami and Nassau, The Bahamas, has secured a $76.81 million loan for SoWy, an upcoming mixed-use development in Wynwood and Overtown, north of Downtown Miami. The loan was announced by More Development President Whitney Thier and provided by JP Morgan Chase. The nearly eight-acre SoWy project spans 26 parcels across six blocks along 2nd Avenue between NW 20th and 22nd Street. Before considering Live Local Act provisions, the site offers nearly 2.5 million base buildable square feet.

Revised Plans For The Arcadian In Fort Lauderdale Seek Site Plan Amendment

8:00 am on June 25, 2024 By Oscar Nunez

A Site Plan Level II has been filed for review, seeking a Site Plan Amendment with design deviation requests to increase the building floorplate and reduce tower stepbacks for The Arcadian, an 8-story mixed-use development set on a 3.35-acre site at 640 Northwest 7th Avenue in Fort Lauderdale’s Progresso Village neighborhood. This amendment aims to add 22 additional residential units to the project, bringing the total to 502 units. The developer also requests a height bonus incentive to increase the building height to 85 feet. The Development Review Committee (DRC) is scheduled to review this proposal today.

Revised Plans for Oceanfront Redevelopment in Hollywood Adds More Residential Units Under Florida’s Live Local Act

8:00 am on June 24, 2024 By Oscar Nunez

Condra Property Group has updated its redevelopment plans for a group of oceanfront hotels, adding more residential units under Florida’s Live Local Act. The New York-based developer, led by Allen Konstam, will present the revised application to Hollywood’s Technical Advisory Committee on July 1. The project concerns 3.33 acres at 2007 and 2115 N. Ocean Drive; 309, 333, and 341 Oklahoma St.; 320 and 324 McKinley St.; 320, 322, 324, and 326 Nebraska St.; and 2012 N. Surf Road. The property, located along the city’s famed Broadwalk, currently comprises 123 hotel rooms in mostly two-story buildings, including the Neptune Hollywood Beach Hotel, Hollywood Beach Seaside, and Casa Pellegrino Boutique Hotel. The developer has the properties under contract from various owners.

Waldorf Astoria Hotel & Residences Secures Record-Breaking Construction Loan and Reaches Major Milestone in Downtown Miami

8:00 am on June 23, 2024 By Oscar Nunez

The Waldorf Astoria Hotel & Residences, a nearly 100-story luxury tower set to rise at 300 Biscayne Boulevard in Downtown Miami, has secured a historic $668 million construction loan, the largest ever for a residential condominium development in Florida. The project, developed by PMG, Greybrook, Mohari Hospitality, S2 Development, and Hilton, achieved this financing milestone with Bank OZK and Related Fund Management providing the funds.

Miami Riverbridge Gains Unanimous Approval from City of Miami Urban Development Review Board

8:00 am on June 22, 2024 By Oscar Nunez

The redevelopment plans for Downtown Miami’s Hyatt Regency site have received unanimous approval from the City of Miami Urban Development Review Board. The updated project plans for Miami Riverbridge, presented by Hyatt Hotels Corporation and Miami’s Gencom under HRM Owner, LLC, were approved without any conditions at the board hearing. Construction is expected to begin in 2026, with an anticipated opening in 2030.

Plans Submitted for Grove Village Bimini Block Project in Coconut Grove

8:00 am on June 21, 2024 By Oscar Nunez

Grove Bimini Nassau QOZB, LLC, managed by Sankesh Abbhi of Miami-based private equity firm Abbhi Capital, has submitted plans for the Grove Village Bimini Block Project to the City of Miami’s Urban Development Review Board (UDRB). The proposed project, encompassing the addresses 3410 and 3428 Hibiscus St, 3509/3521/3547/3551/3559/3575 and 3587 Thomas Avenue, and 3520/3522/3530/3560 and 3574 Grand Avenue in Miami, aims to modify the existing Major Use Special Permit (MUSP) approved by the City of Miami Commission in 2011. The UDRB is scheduled to review this submittal today.

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