Articles by Oscar Nunez

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.

The Calta Group Completes Allapattah Assemblage Acquisition For New Mixed-Use Transit-Oriented Project

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

The Calta Group, a real estate and development company, today announced it has completed the acquisition of an assemblage of seven parcels in Allapattah from Enis Realty and Grupo Park for $17.2 million. The firm purchased six lots at 1415, 1433, 1435, 1453 Northwest 13th Terrace, and 1410 Northwest 14th Street in December, with the seventh and final 15,000-square-foot parcel at 1469 Northwest 13th Terrace closing this week. The final parcel’s closing price was $7,200,000.

The NRP Group Breaks Ground On 275-Unit Multifamily Community ‘The Riley’ in Fort Myers

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

Cleveland, Ohio-based The NRP Group has officially commenced construction on The Riley, a 275-residence, market-rate multifamily community in Fort Myers, Florida. Located at 7301-7340 Stoney Grove Circle, at the intersection of Highway 41 and San Carlos Blvd, The Riley offers easy access to major employment areas in Fort Myers and Bonita Springs and proximity to Interstate 75 and Highway 41. Building permits issued by Lee County show NRP CONTRACTORS II LLC is listed as the general contractor. Completion is anticipated in late 2025.

Developers Acquire 15 Additional Acres For Phase V Of ‘Vision Resort & Spa’ Near Orlando, Florida

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

Following the recent groundbreaking and record sales success, Urban Network Capital Group (UNCG), in partnership with Vertical Developments and Concepto Taller de Arquitectura, announced the acquisition of 15 additional acres to expand Visions Resort & Spa at 7007 Osceola Polk Line Road in Davenport, Florida. The enhanced footprint for the $170 million resort community brings the property to 42 acres. The transaction closed for $3.75 million.

Developers Recieve Master Permit For ‘The Standard Residences’ At 3100 NE 1st Avenue In Midtown Miami

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

Developers Recieve Master Permit For ‘The Standard Residences’ At 3100 NE 1st Avenue In Midtown Miami

Miami’s Building Department Issues Phased Vertical Permit For 100-Story Supertall ‘Waldorf Astoria Hotel & Residences’

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

The Miami Building Department has issued a phased vertical construction permit for the Waldorf Astoria Hotel and Residences, a 100-story supertall mixed-use skyscraper under construction at 300 Biscayne Boulevard in downtown Miami. Designed by Sieger Suarez Architects in collaboration with renowned architect Carlos Ott and developed by Property Markets Group in partnership with Greybrook Realty Partners, Mohari Hospitality, S2 Development, and Hilton, the soaring tower, designed in the form of nine stacked offset glass cubes, will be the first to achieve supertall status in Miami and the state of Florida. The phased permit, approved on January 10, outlines the specifics of the new construction valued at $426 million, making a significant step forward for the project since its groundbreaking in late 2022.

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