Articles by Oscar Nunez

Naftali Group Breaks Ground On 67-Story JEM Private Residences At Miami Worldcenter

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

Naftali Group has officially broken ground on JEM Private Residences, a 67-story condominium development located at 1016 Northeast 2nd Avenue in Miami Worldcenter. Designed by the Miami-based architecture firm Arquitectonica and the New York City-based interior design firm Rockwell Group, the building will rise over 700 feet and feature 259 condo units on the upper levels, 530 multi-family units on the lower levels, ground-floor commercial space, and 591 parking spaces. The development has swiftly moved from market entry to construction commencement in under five months, establishing a record pace for South Florida. This marks a significant milestone in Naftali Group’s expansion into Florida, as JEM Private Residences aims to set a new standard for quality in the region. OneWorld Properties is the exclusive brokerage, with Coastal Construction as the general contractor. DeSimone Consulting Engineering is the structural engineer, and MG Engineering D.P.C. is the MEP engineer.

Forté on Flagler and City of West Palm Beach Announce West Palm Beach Art Walk, Featuring City’s First All-Female Sculpture Installation”

8:00 am on April 10, 2024 By Oscar Nunez

Forté on Flagler, in collaboration with the City of West Palm Beach, has announced the upcoming West Palm Beach Art Walk, a public art initiative. The project, developed along the West Palm Beach waterfront, includes a partnership with the Norton Museum of Art for the temporary exhibition of two sculptures out of three designated for the art walk, with installations set to be completed by the first quarter of 2025.

Forman Capital Funds $54.56 Million Construction Loan for Condominium-Hotel Development in Miami’s Financial District

8:00 am on April 9, 2024 By Oscar Nunez

Forman Capital, a private direct real estate lender based in Palm Beach County, Florida, provided a $54.56 million construction loan to the developer of a condominium-hotel project in Miami’s Brickell Financial District. The 12-story, 172-unit Domus Brickell Park, designed by Zyscovich Architects with Urban Robot Associates as the interior designer, will bring a new condo-hotel brand, Domus FLATS (Flexible Apartments for Temporary Stays), to the market and fill a void for flexible ownership product.

ILP Developers Proposes 26-Story Apartment Tower Designed By NMD Nomadas In North Miami Beach

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

In North Miami Beach, a new development proposal seeks to transform a current restaurant and retail strip into a 26-story apartment tower, Elevate North Miami Beach Apartments, designed by Aventura-based NMD Nomadas with Thomas Engineering Group as the civil engineer and Architectural Alliance Landscape as the landscape architect. The city’s Planning and Zoning Board is slated to review the site plan today for the 37,183-square-foot site at 1973, 1981, and 1991 Northeast 163rd Street. Presently, the site hosts CAO Bakery and Café, along with a massage business and a barber shop, within single-story buildings erected in 1997 and 1950, as well as accompanying parking lots.

Groundbreaking Event Marks Milestone For ‘Pinnacle at La Cabaña’, An Affordable Senior Housing Development At 8911 Miramar Parkway In Miramar

8:00 am on April 7, 2024 By Oscar Nunez

Pinnacle is commencing the construction of its affordable housing project, Pinnacle at La Cabaña, in Miramar. The $41.2 million development aims to provide essential quality affordable housing to seniors amid rising housing costs. Comprising 110…

Peruvian Developer Grupo T&C Announces 55-Story Condo Tower At 1825 NE 4th Avenue In Edgewater, Miami

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

Grupo T&C, a prominent developer from Peru, has announced Edge House Miami, a 55-story luxury condominium designed for home-sharing, located at 1825 Northeast 4th Avenue in Miami’s Edgewater neighborhood. The project, designed by the internationally recognized architect Kobi Karp, will offer fully finished and furnished residences with interiors by the renowned Adriana Hoyos Design Studio. The residences will vary in size from 375 to 1,242 square feet, featuring a range of layouts including studio, one-bedroom, one-bedroom plus den, and two-bedroom options. The units are designed with nine-foot-high ceilings, floor-to-ceiling windows, and, in select residences, private outdoor terraces to enhance the indoor-outdoor living experience. Edge House Miami will provide turnkey residences, comprehensive amenities, and services and is strategically located for easy access to Miami’s Design District, Midtown, Downtown, Brickell, and Miami Beach.

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.

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