Articles by Oscar Nunez

Construction Progresses on 70-Story Okan Tower at 555 N. Miami Avenue in Downtown Miami

8:00 am on August 18, 2024 By Oscar Nunez

Construction continues to advance on Okan Tower, a 70-story mixed-use building under development at 555 North Miami Avenue in Downtown Miami. Designed by Behar Font & Partners and developed by Okan Group, the 902-foot-tall, 914,124-square-foot structure will include 399 residences, a 316-key hotel, 64,000 square feet of Class A office space, and a range of indoor and outdoor amenities. The tower is being constructed on a 0.86-acre corner plot bordered by North Miami Avenue to the west and Northeast 6th Street to the north. Witkin Hults + Partners serves as the landscape architect.

Pebb Capital, Sabal Investment Holdings Acquire “The Press” in West Palm Beach, Plans for Major Improvements

8:00 am on August 17, 2024 By Oscar Nunez

Pebb Capital and Sabal Investment Holdings have announced the acquisition of “The Press,” a mixed-use property located at 2751 South Dixie Highway in West Palm Beach, Florida. The transaction, made in an off-market deal with Tricera Capital, includes plans for nearly $80 million in acquisition and repositioning efforts. These plans involve significant capital improvements, such as enhancing the office building’s common areas, completing spec suites, and upgrading the landscape and hardscape along Dixie Highway to attract additional high-quality tenants.

$35 Million Financing Secured for JEM Private Residences at 1016 NE 2nd Avenue in Miami Worldcenter

8:00 am on August 16, 2024 By Oscar Nunez

BHI, the U.S. division of Bank Hapoalim and a full-service commercial bank, announced the provision of $35 million in predevelopment financing to Naftali Group for JEM Private Residences, a 67-story mixed-use tower planned for 1016 Northeast 2nd Avenue in Miami, Florida. The over 700-foot-tall development will include 259 condominium units, 530 multifamily rental units, 3,259 square feet of ground-floor retail space, and 283,863 square feet dedicated to parking.

New Rendering Revealed for The Residences at Mandarin Oriental, Miami

8:00 am on August 15, 2024 By Oscar Nunez

A new rendering has been revealed for The Residences at Mandarin Oriental, Miami, a 66-story residential tower at 500 Brickell Key in Miami. Designed by Kohn Pedersen Fox and developed by Swire Properties, the rendering offers a hero perspective looking upwards towards the apex of the building, showcasing the architectural and structural details in greater clarity. The design emphasizes the tower’s curved corners and subtle convex profile, contributing to its sleek and modern aesthetic.

FAA Approves Tower Cranes for 41-Story Development at 520 W. Broward Blvd in Fort Lauderdale

8:00 am on August 14, 2024 By Oscar Nunez

The Federal Aviation Administration has issued permits for two tower cranes at 520 West Broward Boulevard in Fort Lauderdale, where Woodfield Investments plans to build a 41-story tower. The permits, issued on August 7 and expire on February 7, 2026, allow the cranes to rise 507 feet and 546 feet above ground, or 511 and 550 feet above mean sea level. The development, designed by Spina O’Rourke + Partners with landscape architecture by EDSA, will feature 365 apartments, 2,500 square feet of commercial space, and a 444-space parking garage.

Developer Lands $83M Construction Loan, Breaks Ground on ‘Parks at Hallandale’ in Hallandale Beach

8:00 am on August 13, 2024 By Oscar Nunez

Miami-based real estate development firm 13th Floor Investments has initiated construction on Parks at Hallandale, a multifamily development located at the southeast corner of Pembroke Road and Northeast 1st Avenue in Hallandale Beach, Broward County. The 15.5-acre project, occupying the sites at 106 and 2002 Pembroke Road, plus 700 and 1000 Northeast 1st Ave, will consist of 398 market-rate and workforce apartments across five-story buildings, with approximately 6,500 square feet of ground-floor retail. CIBC Bank USA provided a loan of $83 million for the project’s construction. Berkadia’s Florida team, led by Scott Wadler and Alec Fox, facilitated preferred equity from Houston-based Marble Capital. The project is expected to be completed in 2026.

25-Story Dormitory Proposed By Palm Beach Atlantic University At 1200 S. Dixie Highway In West Palm Beach

8:00 am on August 12, 2024 By Oscar Nunez

Palm Beach Atlantic University has unveiled plans for a 25-story dormitory on its West Palm Beach campus to accommodate its expanding student body. The city’s Plans & Plats Review Committee reviewed the proposed student housing tower on August 8. Situated on a 1.71-acre site at 1200 South Dixie Highway, the new dormitory would replace the 3,852-square-foot visual arts building slated for demolition.

Pier Sixty-Six Nears Completion, Announces Pioneering Spa Concept

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

Pier Sixty-Six is nearing completion and is on track for a Fall 2024 opening. Located on 32 waterfront acres along the Intracoastal Waterway in Fort Lauderdale, the redevelopment by Tavistock Development Company includes a world-class resort with 325 guestrooms and suites, 12 dining destinations, 40,000 square feet of event space, and62 condominiums. The iconic spire-topped tower, a hallmark of the property, will once again anchor the resort, which aims to redefine the area as the social harbor of Fort Lauderdale. The project’s general contractor is a joint venture between John Moriarty & Associates and Americaribe.

Superior Manor Apartments Phase II Completes Construction In Liberty City, Miami

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

ANF has completed construction on the second phase of Superior Manor Apartments, a 76-unit affordable housing development in Miami’s Liberty City neighborhood. This project was developed by New Urban Development, the real estate affiliate of the Urban League of Greater Miami.

ALINA 210 Receives Early TCO At 200 SE Mizner Boulevard in Downtown Boca Raton

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

El-Ad National Properties, a South Florida-based subsidiary of the Elad Group, has announced that ALINA 210, part of the second phase of the ALINA Residences in downtown Boca Raton, received its temporary certificate of occupancy (TCO) ahead of schedule on July 26, 2024. The nine-story building at 200 Southeast Mizner Boulevard, which features 30 residences, is now preparing for closings set to begin in early August. ALINA Residences was designed by GarciaStromberg, with construction by Moss Construction. Sales are being handled exclusively by Douglas Elliman Development Marketing.

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