Articles by Oscar Nunez

Limestone Asset Management And Orion Real Estate Group Complete $5 Million Renovation Of Pinecrest Town Center

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

Miami-based Limestone Asset Management and Orion Real Estate Group recently announced the completion of a $5 million renovation of Pinecrest Town Center, a mixed-use retail and office complex situated at 12651 South Dixie Highway, Pinecrest, FL. The renovation focused on modernizing the exterior façade and storefronts, the installation of impact-resistant windows, lighting upgrades, and the addition of a rooftop parking area, with the work led by general contractor Tim Majors of Suncon and architect Bruce Arthur of WHA Design, both Miami-based.

Landau Properties Breaks Ground On ‘Indian Creek Residences & Yacht Club’ In Bay Harbor Islands

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

National real estate development firm Landau Properties today announced the groundbreaking of Indian Creek Residences & Yacht Club, a highly anticipated new residential development transforming the south shore of Miami’s Bay Harbor Islands. Following the development’s setting of a new price record for the most expensive condo sale on the islands, project officials gathered to celebrate the commencement of construction on the building.

Record-Breaking $600 Million Loan Secured For 80-Story Cipriani Residences Miami Ahead Of Groundbreaking

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

Mast Capital, a Miami-based real estate developer, is gearing up to begin construction on Cipriani Residences Miami following robust sales activity. The developer has secured a record-breaking construction loan of $600 million from Mexico’s Banco Inbursa and Ascendant Capital Partners, the largest amount ever obtained for a single-tower residential construction in Florida. The considerable loan, consisting of $350 million from Banco Inbursa and $250 million from Ascendant Capital Partners, highlights the strong market confidence in the project, driven by its sought-after design, amenity offering, and prime location in the Brickell neighborhood.

Swire Properties Inc. And City of Miami Fire Department Open Temporary Fire Station At 9 SE 6th Street In Brickell

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

On Tuesday, February 6, Swire Properties Inc., in partnership with the City of Miami Fire Department, opened a temporary fire station at 9 SE 6th St. in the Brickell neighborhood. Henry Bott, President of Swire Properties Inc., and Joseph F. Zahralban, Fire Chief of the City of Miami Department of Fire-Rescue, held a ceremonial ribbon cutting to commemorate the opening. Swire Properties Inc., headquartered in Miami since 1979, is one of South Florida’s leading international developers responsible for notable properties, including Brickell City Centre and Brickell Key.

Brightline And The Black Archives Unveil ‘Echoes Of Overtown: A Legacy Preserved’ Interactive Exhibit At MiamiCentral.

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

Brightline and The Black Archives are excited to unveil “Echoes of Overtown: A Legacy Preserved,” a groundbreaking interactive exhibit at MiamiCentral. This collaboration serves as a tribute to the vibrant Overtown community, celebrating its rich history and cultural heritage. Through this activation, The Black Archives and Brightline aim to foster a deeper understanding of Overtown’s cultural contributions by creating a space for dialogue and appreciation that invites visitors to explore the neighborhood.

Merrimac Ventures & Aria Development Group Secure $95M Construction Loan For 600 Miami Worldcenter Condominium In Downtown Miami

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

A joint venture between South Florida-based developers Merrimac Ventures and Aria Development Group is preparing to break ground on 600 Miami Worldcenter, a 32-story condominium tower set within Downtown Miami’s Miami Worldcenter 27-acre mixed-use development, which will deliver 606 fully furnished units with no restrictions on short-term rentals. The upcoming groundbreaking will be made possible with a $95 million construction loan from Banco Inbursa to fund the sold-out tower’s development at 600 Northeast 1st Avenue. Construction is expected to be completed in 2026.

10-Story Condominium ‘Glass House Boca Raton’ Slated To Break Ground In Q1 Of 2025

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

Slated to break ground in the first quarter of 2025, Glass House Boca Raton marks a significant addition to downtown Boca Raton’s architectural landscape. This venture, led by 280 E Palmetto Park Road, LLC, with Brandon Chasen and Paul Davis of the Baltimore-based Chasen Companies and Adam Gottbetter of Boca Raton-based ASG Development, will introduce the first modern glass residential building in the area. Located at 280 at Palmetto Park Road, the 10-story residential building is set to feature the city’s singular rooftop oasis, complete with a pool, jacuzzi, catering kitchen, and entertainment space.

Terra Closes On $127 Million Refinancing Loan For ‘Natura Gardens’ At 17351 NW 94th Court In West Hialeah

8:00 am on February 4, 2024 By Oscar Nunez

Terra and New Valley, the development partners behind Natura Gardens, a new multifamily community in Northwest Miami-Dade County, have secured $127 million in permanent financing. The loan, issued by an affiliate of MF1 Capital, will be used to pay off and refinance an existing $65 million construction loan provided in 2021 by Bank OZK. Completed in the Summer of 2023, Natura Gardens includes 460 garden-style rental apartments situated across 23 acres in Miami’s West Hialeah neighborhood.

Nichols Architects-Designed 36-Story ‘Modera Riverside’ Tops Out At 300 SW 2nd Avenue In Downtown Miami

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

Nichols Architects-designed Modera Riverside has topped off in downtown Miami. As of Friday, January 26th, the 410-foot-tall structure reached its final height of 36 stories, positioning itself at the intersection of Brickell, Downtown Miami, and the burgeoning Miami River District. The residential tower boasts 428 apartments, offering a diverse range of living spaces from cozy studios to expansive three-bedroom units, catering to a broad spectrum of residents. Construction is expected to complete later this year.

Newgard Development Group Unveils Plans For 40-Story, 384-Unit Natiivo Fort Lauderdale

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

Miami-based Newgard Development Group has unveiled plans for Natiivo Fort Lauderdale, a 40-story resort condominium at 200 West Broward Boulevard. Occupying a prime 1.08-acre site in downtown Fort Lauderdale, the project is designed by the renowned Arquitectonica, with interiors by ID & Design International. It will feature 384 fully finished and furnished residences, ranging from 500 to 1,200 square feet, marking it as Fort Lauderdale’s first resort condominium property specifically designed, built, and licensed for short-term rentals. Cervera Real Estate has been appointed as the exclusive sales and marketing representative for Natiivo Fort Lauderdale, with unit prices reportedly ranging from the $500,000s to $1.5 million. The project is expected to be completed in 2028.

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