Articles by Oscar Nunez

Chicago-Based Developer Files Plans For 39-Story Mixed-Use Tower At 128 SW 7th Street In Brickell, Miami

128 SW 7th Street Owner LLC, an affiliate of Chicago-based Focus Development Inc (Focus) – a vertically integrated development and construction company, has filed a pre-application meeting request for the preliminary review of a proposed 39-story development at 128 Southwest 7th Street. The 415-foot-tall structure, dubbed Miami Starlite, would replace the shuttered 28-year-old Starlite East Motel and yield 685,710 gross square feet of space, including 516 residential units, ground-floor retail, amenity spaces, and approximately 506 off-street parking spaces. The architect leading the design is San Francisco-based Gensler.

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Shvo Obtains $190M Financing For The Raleigh, A Rosewood Hotel and Residences In Miami Beach

New York-based Shvo and its partners have secured a $190 million construction loan for the renovation and condominium addition at The Raleigh hotel at 1775 Collins Avenue in Miami Beach. The loan, provided by Fort Lauderdale’s BH3 Management through its BH3 Debt Opportunity Fund II, supports the partnership between Shvo, led by Michael Shvo, and the German firm Deutsche Finance. The loan encompasses The Raleigh, the Richmond Hotel at 1757 Collins Avenue, and the South Seas Hotel at 1751 Collins Avenue. The transaction was brokered by Walker & Dunlop.

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Housing Trust Group Completes Affordable Townhome Community In City Of Riviera Beach

Housing Trust Group (HTG), one of the nation’s largest affordable housing developers, announces the official completion of Heron Estates Family, a new $21.4 million affordable townhome community in Riviera Beach, Florida. Townhomes at Heron Estates Family are set aside for income-qualifying residents who earn at or below 30, 60, and 70 percent of the area median income (AMI), with rents ranging from $290 to $1,638 monthly. Heron Estates Family is 100% occupied.

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29-Story ‘Urban Infill’ Mixed-Use Development Filed With Miami-Dade County, Featuring Updated Design And Height Increase

Rockville Hospitality, LLC has recently submitted updated plans to Miami-Dade County planners, showcasing their vision for a 29-story urban infill, mixed-use development at 296 Southwest 7th Street in Brickell. Designed by Beilinson Gomez Architects P.A. with landscape design by Gardner + Semler Design Landscape Architecture, the approximately 308-foot-tall structure aims to offer 669,844 square feet of floor area, providing a total of 514 dwelling units, over 37,000 square feet of retail space, and 600 onsite parking spaces. With a focus on enhancing mobility through internal drives and beautifying the pedestrian environment, the development aims to reduce the adverse effects of urban sprawl while adding valuable density to the urban landscape. These updated details and design improvements build upon the initial UDRB filing for the project earlier this year.

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Landau Properties Closes On $29 Million Construction Loan For Forthcoming Indian Creek Residences & Yacht Club In Bay Harbor

Landau Properties, a real estate development firm based in New York and South Florida, has announced a significant construction loan for the upcoming Indian Creek Residences & Yacht Club on Miami’s Bay Harbor Islands. The boutique residential property, which will feature condominium residences and a private marina, has secured a $29 million construction financing package. Construction on the development is underway, and sales are formally scheduled to launch this fall.

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