Articles by Oscar Nunez

Melo Group Boosts Density For 1700 Biscayne Property In Miami’s Arts & Entertainment District

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

Melo Group has recently expanded the development potential of its property at 1700 Biscayne Boulevard in a significant transaction. The developer is now authorized to construct 2,471 residential units on this property, marking a substantial increase from the previously allowed 1,518 units. This enhancement in development capacity comes from acquiring rights for an additional 955 units from an affiliate of Stiles Corporation, which owns the Publix property across the street at 1776 Biscayne.

Hines Lands $220 Million Construction Loan For First Phase Of FAT Village In Fort Lauderdale

8:00 am on December 31, 2023 By Oscar Nunez

In a landmark development for Fort Lauderdale’s urban fabric, a groundbreaking mixed-use project in the downtown area has recently obtained a substantial $220 million construction loan. This crucial funding, provided by Little Rock, Arkansas-based Bank OZK on December 26, is set to support FAT Village Project LLC, a Houston-based real estate development company Hines subsidiary. This development marks a significant step forward for the project, reflecting the burgeoning vitality of Fort Lauderdale’s real estate sector.

Meyers Accesso Acquires ‘The Atrium at Broken Sound’ Office Property In Boca Raton

8:00 am on December 30, 2023 By Oscar Nunez

Meyers Accesso, a leading developer of high-quality mixed-use and residential properties, recently announced the acquisition of The Atrium at Broken Sound, a nearly 100,000-square-foot, Class-A office property located at 6111 Broken Sound Parkway NW, within The Park at Broken Sound mixed-use development in Boca Raton, Florida. The Park at Broken Sound is a robust, 700-acre commercial and residential hub with walkable proximity to numerous retail developments, residential communities, and high-quality amenities.

YMCA Of The Palm Beaches Breaks Ground On $45 Million Community Center In West Palm Beach

8:00 am on December 29, 2023 By Oscar Nunez

The YMCA of the Palm Beaches recently initiated the construction of a $45 million sports and community gathering facility in West Palm Beach. This flagship YMCA branch, situated in Lake Lytal Park at 3645 Gun Club Road, near Palm Beach International Airport’s south side, is set to encompass 55,000 square feet. The YMCA, a nonprofit organization, has already secured 60% of the $35 million required for construction and is actively seeking a naming sponsor. The project also benefits from financial support from Palm Beach County’s Parks and Recreation Department, as it is located within a county park.

‘The Nolen’ Tops Off Construction At 126 4th Avenue Northeast In Downtown St. Petersburg

8:00 am on December 28, 2023 By Oscar Nunez

Ellison Construction recently announced a significant milestone in the construction of The Nolen, one of the newest condominium towers in downtown St. Petersburg. The project has topped out, marking the completion of its highest structural point. The 23-story condo tower at 126 4th Avenue Northeast is a joint venture between Tampa-based DDA Development and St. Pete-based Backstreets Capital. Spearheaded by Bowen Arnold and John Schilling of DDA Development and Will Conroy of Backstreets Capital, this project is a notable addition to St. Petersburg’s skyline.

Sumaida + Khurana And Bizzi+Bilgili Secure $47.25 Million In Construction Financing For ‘The Fifth Miami Beach’

8:00 am on December 27, 2023 By Oscar Nunez

Sumaida + Khurana and Bizzi+Bilgili, two internationally renowned real estate development firms, announced closing $47.25 million in construction financing from Cain International for The Fifth Miami Beach. This new Class A+ office building at 950 5th Street is the first commercial building in Miami’s South of Fifth neighborhood in 20 years. Designed by Alberto Campo Baeza, who recently won Spain’s National Prize for Architecture, The Fifth Miami Beach is the architect’s first Miami building and first commercial office project in the U.S.

Pebb Capital Secures $173M Construction Loan For ‘Sundy Village’ At 22 W. Atlantic Avenue In Downtown Delray Beach

8:00 am on December 26, 2023 By Oscar Nunez

Pebb Capital has secured a $173 million construction loan from Monroe Capital & J.P. Morgan for Sundy Village, a mixed-use development spanning approximately seven acres in the heart of Downtown Delray Beach. Following its groundbreaking in early 2023 and with delivery anticipated for summer 2024, this announcement marks another milestone for what will be the most unique, fully-amenitized lifestyle destination in the Atlantic Avenue District.

ANF Group Tops Off Phase One Of ‘Southpointe Vista’ Affordable Housing Community In Goulds, Miami-Dade County

8:00 am on December 25, 2023 By Oscar Nunez

ANF Group, Inc. recently celebrated the topping out of the first phase of Southpointe Vista, a two-phase affordable housing development developed by McDowell Housing Partners located at Southwest 117th Court and Southwest 214th Street in Miami-Dade County’s Goulds community. This phase introduces a 10-story high-rise reserved for those earning up to 70% of the area median income, featuring 124 affordable units comprising 91 one-bedrooms, 25 two-bedrooms, and eight 3-bedrooms. A two-story parking garage, connected by a skybridge, includes 196 spaces and 18 electric vehicle charging stations. Amenities encompass community rooms, laundry facilities, a cybercafé, a fitness room, a rooftop terrace, and on-site management offices.

Sentral Wynwood Announces New Retail Tenants: maman and The NOW

8:00 am on December 24, 2023 By Oscar Nunez

Brand Urban, a real estate brokerage and advisory company based in Manhattan, has announced that Sentral Wynwood, a resort-style residential community located in the heart of Miami’s arts district, has signed leases with maman and The NOW for ground-floor retail spaces at 51 Northwest 26th Street. As Sentral’s dedicated national placemaking consultant, Brand Urban ensures that the retail complements Sentral’s offerings across the U.S., enhancing the overall experience for long-term residents and guests. maman, New York City’s beloved French-inspired all-day café and bakery, has signed a lease for a 4,202-square-foot location. The NOW, a Los Angeles-founded wellness brand transforming the therapeutic massage space, will occupy 2,119 square feet at Sentral Wynwood. Both locations are slated to open in 2024 and mark maman, and The NOW’s first stores and Sentral’s first community will launch in the Miami market.

Urban Network Capital Group & Vertical Developments Secure $24.5M Construction Loan for Visions at Brickell Station

8:00 am on December 23, 2023 By Oscar Nunez

Miami-based developer Urban Network Capital Group (UNCG), in partnership with Vertical Developments, has secured a $24.5 million construction loan from Rok Lending for the Visions at Brickell Station development. This wellness-forward condo-hotel project, designed by DTI Architects with interiors by Concepto Taller de Arquitectura, is located in Miami’s Brickell neighborhood. With over 50 percent sold, this project is on track for its expected completion in 2025.

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