Hialeah-based MG Developer, in partnership with Baron Property Group (BPG), a New York-based development company, unveils their ambitious plans for Hialeah’s Metro Center. This transformative project will encompass approximately 2.3 million square feet of upscale apartments and retail space, revolutionizing urban living in the heart of Hialeah.
In partnership with Lion Development Group, Miami-based Terra has acquired a prominent 1.6-acre property at 3501 Northeast 1st Avenue in Miami for $40 million. The site’s strategic location will transform into an iconic luxury condominium tower at the intersection of highly sought-after neighborhoods, including the Design District, Midtown, Wynwood, and Miami Beach. The esteemed architectural firms Arquitectonica and Yabu Pushelberg have been entrusted with the design of this forthcoming landmark. Metropolitan Commercial Bank has provided $30 million in financing to facilitate the property acquisition and fund initial site development, paving the way for groundbreaking in 2024. The completion of this project is estimated for 2026.
Coastal Construction Group has achieved a significant milestone at Block 55 in downtown Miami’s Sawyer’s Walk development. This 18-story mixed-use project, designed by Arquitectonica and dedicated to affordable housing for low-income seniors, has reached its top floor. On Thursday, June 15, the traditional topping-off ceremony was commemorated at the 249 Northwest 6th Street project site. The celebration included a range of festivities, including a raffle, prizes, music, and a luncheon for the entire project team.
Swire Properties has achieved a crucial milestone with the approval from the Federal Aviation Administration (FAA) for their ambitious two-tower development on Brickell Key in Miami. This significant achievement paves the way for Swire Properties to proceed confidently with its visionary project, known as One Island Drive. The development promises to be an architectural marvel, boasting designs from the prestigious firm Kohn Pedersen Fox Associates. Adding to its allure, the project will feature exquisite residential interiors crafted by renowned Parisian designer Tristan Auer, while the hotel interiors will be brought to life by the esteemed Parisian designer Laura Gonzalez. Leading the landscape architecture will be the acclaimed Thai firm Shma. With this exceptional team of design professionals, One Island Drive is poised to become an extraordinary embodiment of artistry and elegance in the heart of Miami.
Plans have been filed for a 12-story multifamily development named Aventura Station II at 2541 Northeast 192nd Street in Ojus, Miami-Dade County. Adam America Real Estate and Stellar Communities spearhead the project under Ojus Assemblage TIC LLC and Ojus Assemblage PO LLC. The development, designed by ODP Architecture & Design, aims to offer 223 multiple-family dwelling units, comprising 18 workforce housing units and 205 market-rate units. With a maximum height of 136 feet and a floor area ratio of 3.22, the proposed building will provide affordable and market-rate housing options, contributing to the community’s housing needs.
