The Avenue Hotel & Residences Coral Gables, a new 8-story Parisian-inspired neo-classically designed boutique condominium and hotel located across the street from the entrance to Merrick Park, has broken ground, announced Oscar Roger, President and CEO of Roger Development Group, a family-owned real estate development and management company.
A recent submission of site plans to Miami’s Urban Development Review Board has revealed the design for Two Riverside, a proposed 59-story mixed-use skyscraper at 99 Southwest 7th Street in Brickell. The design, created by Brandow Haw Architecture with ODP Architecture & Design as the architect of record and developed by Newgard Group, showcases a slender, 730-foot-tall structure. It is set to offer approximately 520,631 square feet of space, encompassing 271,605 square feet of residential area across 169 units and 1,090 square feet dedicated to ground-floor retail. The adjacent One Riverside project will provide the necessary vehicle and bike parking, where Newgard Group is also developing two other towers, including the 44-story Lofty Brickell. The proposal is scheduled for review on November 15.
Woodmont Industrial Partners (Woodmont) and Butters Construction & Development (Butters) recently celebrated the completion of Corporate Logistics Center, a ground-up industrial development at 15791 Corporate Circle in Jupiter, Florida. The much-anticipated property is located within the Palm Beach Park of Commerce and brings 252,848 square feet of Class A industrial space to the booming South Florida market.
Two more national retail and restaurant concepts will be coming to Miami Worldcenter – the $6 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. The development’s ownership group has completed leases with The Container Store and Sweet Paris Crêperie & Café, both slated to open by the end of 2024.
Miami-based BGI Capital, managed by Kenneth Baboun and Robert Barthelmess, has announced the closure of a $95 million construction loan in partnership with Wexcor Capital, a New York City-based real estate investment, management, and advising firm. The loan was financed by Kriss Capital, a New York City-based direct lender specializing in construction and bridge loans for residential assets, and it will facilitate the completion of Alba Palm Beach.
