Articles by Oscar Nunez

Kolter Multifamily Breaks Ground On 350-Unit ‘Alton Lakewood’ At 14750 FL-64 In Bradenton

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

Kolter Multifamily LLC, part of The Kolter Group based in Delray Beach, has broken ground on Alton Lakewood, a new multifamily development situated at 14750 FL-64 in Bradenton, Manatee County. Positioned strategically south of St. Petersburg and north of Sarasota, Alton Lakewood is at the nexus of the Greater Tampa Bay area’s dynamic growth. This development aims to contribute to the housing diversity within this rapidly expanding region, offering a mix of three- and four-story buildings that collectively house 350 units.

Developers Break Ground On 17-Story ‘The Perigon’ At 5333 Collins Avenue In Miami Beach

7:30 am on April 4, 2024 By Oscar Nunez

Mast Capital and a controlled affiliate of Starwood Capital Group broke ground on The Perigon, a 17-story residential development at 5333 Collins Avenue, noted for its unique position as the only new beachfront condominium project currently under construction in Miami Beach, with completion anticipated for late 2026. Designed by the globally acclaimed architecture firm OMA with ODP Architecture & Design as the architect of record and boasting interiors by Tara Bernerd & Partners, this building will feature 73 private residences. These homes offer expansive views of the Atlantic Ocean, the Miami city skyline, and Biscayne Bay, alongside over 20,000 square feet of unparalleled private amenities and exclusive dining experiences by Michelin-starred Chef Shaun Hergatt. Moss Construction is the general contractor, and Malcolm Drilling is the foundation contractor.

North Bay Village’s Renaissance: New Developments Usher In An Era Of Dynamic Growth

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

North Bay Village, nestled between Miami and Miami Beach, is undergoing a significant transformation, evolving from a tranquil island community into a bustling hub of residential and commercial growth. This shift is underscored by the development of over 3,000 new residential units and 1 million square feet of commercial and retail space. Adding to the area’s appeal is the announcement of a new soccer academy and AFA training facility led by Lionel Messi, promising to elevate North Bay Village’s profile.

Related Group And GTIS Partners Secure $328M Construction Loan From Bank OZK For 75-Story Baccarat Residences Miami

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

Related Group and GTIS Partners have secured a $328 million construction loan for the Baccarat Residences Miami, a 75-story luxury condominium tower at the gateway of Brickell Avenue. The financing, arranged by Berkadia South Florida, supports the development of the 848-foot-tall skyscraper, which is currently under construction at 99 Southeast 5th Street and is expected to be completed in early 2028. Over 95 percent of the residences have been sold since the launch in late 2021. John Moriarty & Associates is the general contractor.

Auberge Resorts Collection Appointed To Manage The Shore Club Resort & Residences In Miami Beach, Designed By Robert A.M. Stern Architects

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

Developers Witkoff and Monroe Capital have entrusted Auberge Resorts Collection with the management of The Shore Club Resort & Residences in Miami Beach, Florida. Planned for a 2027 opening, the project is poised to rejuvenate and upgrade this distinguished site into a multifaceted destination, blending hotel accommodations with premium residential offerings.

Forté Development Announces Interiors by Steven G. as Interior Designer for Forté Luxe in Jupiter

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

Marius Fortelni, founder and CEO of Forté Development, has announced Interiors by Steven G. as the interior designer for Forté Luxe, a luxury boutique waterfront community located at 12450 Crystal Cove Place, Jupiter, Florida. The community will feature 15 multi-level residences on a peninsula, surrounded by the Intracoastal Waterway on three sides. Forté Luxe is scheduled for completion in Q2 2025 and will offer views reminiscent of the cobalt blue waters in the Bahamas. The price range for these residences is set from $4.35 million to $8 million.

One Park Tower By Turnberry Secures $172M Construction Loan Facilitated By Berkadia

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

Berkadia announced it arranged for $172 million in construction financing for ONE Park Tower by Turnberry, a 33-story, 292-unit condominium tower located at 2411 Laguna Circle in the 184-acre master-planned community of SoLé Mia in North Miami, Florida. Designed by the award-winning architecture firm Arquitectonica, with interiors by the globally acclaimed Meyer Davis and landscaping by DS Boca, the building offers a variety of one-, two-, and three-bedroom units, including a selection of penthouses. The financing deal was orchestrated by Managing Director Scott Wadler, Associate Director Alec Fox, Senior Managing Director Mitch Sinberg, and Managing Directors Brad Williamson and Matt Robbins of Berkadia South Florida. It was closed with Bank OZK on behalf of Turnberry, led by Chairman and CEO Jackie Soffer, on March 25.

Sumaida + Khurana Announces Plans For Another Office Building In Miami Beach, A First In The Americas By Pritzker Prize-Winning Architect Eduardo Souta de Moura

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

Internationally recognized real estate development firm Sumaida + Khurana has announced that Pritzker Prize-winning architect Eduardo Souta de Moura will design its new Class A+ office building at the corner of Fifth Street and Alton Road. This is the first building in North and South America for Souta de Moura. Sumaida + Khurana is partnering with property owners Roslyn and Norton Nesis and Robert and Miriam Weiss of Weiss Properties for the project located in Miami Beach’s South of Fifth neighborhood. Aaron Butler of Avenue Real Estate Partners structured the partnership. The design team also includes Zyscovich as the executive architect and Gabellini Sheppard designing the interior architecture. Sumaida + Khurana expects to start construction in 2025, with completion expected in the following year.

Okan Tower Prepares for Massive 1,200 Truck Concrete Foundation Pour In Downtown Miami

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

A team of 300 workers, operating in three shifts and utilizing 1,200 concrete trucks, is set to pour the foundation for Okan Tower, a forthcoming 70-story highrise development at 555 North Miami Avenue developed by Okan Group. Positioned to be a new landmark in Downtown Miami’s skyline, the tower is expected to reach 902 feet, making it one of the city’s tallest buildings upon completion in 2027. Okan Tower’s distinct architectural design aims to contribute a defining feature to Miami’s cityscape.

CREI Holdings Secures $67 Million In Construction Financing For ‘ Li’l Abner III’ Affordable Housing Project In Sweetwater, FL

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

CREI Holdings has secured a $67 million construction loan from Centennial Bank to build an affordable workforce housing mid-rise building at 455 Northwest 114th Avenue in the City of Sweetwater, Miami-Dade County. Construction of Li’l Abner III is set to begin in the second quarter of 2024 and be completed in the second quarter of 2026. Prospective tenants can now register for future leasing opportunities.

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