Articles by Oscar Nunez

Terra And Grass River Property Complete ‘Grove Central’ Mixed-Use Development At 2800 SW 27th Terrace In Coconut Grove, Miami

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

Terra and Grass River Property, deeply established development firms in Miami’s Coconut Grove neighborhood, have completed a mixed-use multimodal complex at Grove Central. Now open to residents, the transit-oriented complex includes mixed-income apartments and neighborhood retail along the Metrorail corridor at the entrance to Coconut Grove. Located at 2800 Southwest 27th Terrace, Grove Central features a 23-story residential tower with 402 units, encompassing multifamily, workforce, and co-living options, a new 1,250-space public parking garage, and approximately 170,000 square feet of neighborhood retail. This development is connected to the adjacent Coconut Grove Metrorail Station and integrates with The Underline linear park, Miami-Dade’s bus system, and the City of Miami’s trolley network.

13th Floor Investments Proposes 30-Story Mixed-Use Tower At 500 NE 3rd Avenue In Fort Lauderdale

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

A 30-story mixed-use building named Flagler Village Residences at 500 Northeast 3rd Avenue in Fort Lauderdale has been proposed for development. Designed by Corwil Architects and WSP serving as the structural engineer, along with Within Hults + Partners as the landscape architect, this project is being developed by Miami-based 13th Floor Investments. The 320-foot-tall structure is expected to yield 602,604.50 square feet of space. This includes 345 multifamily residential units, 3,645 square feet of commercial uses, and 512 structured parking spaces. The Site Plan Level II application for this project is scheduled for review by the Development Review Committee on January 9.

CREI Holdings Secures $41 Million Loan For Affordable/Workforce Housing In Miami-Dade County

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

Miami-based development firm CREI Holdings has secured a $41 million loan from Lument for the refinancing of Li’l Abner II apartments, completed in April 2023 in the city of Sweetwater. The transaction closed on December 29, 2023, and was led by Marc Suarez, a managing director at Lument.

Fort Lauderdale Downtown Development Authority Secures $8.75 Million Construction Loan From Synovus Bank For Transformation Of Huizenga Park

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

The Fort Lauderdale Downtown Development Authority (DDA) has secured a $8.75 million construction loan to renovate Huizenga Park in downtown Fort Lauderdale. The DDA requested proposals seeking lenders to fund the Huizenga Park capital improvement project. After a thorough selection process, Synovus Bank was chosen as the best partner for financing the construction project, which is set to start in 2024.

CMC Group Lands $239 Million Construction Loan For Vita at Grove Isle Condo At 5 Grove Isle Drive In Miami

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

Miami-based CMC Group, led by real estate developer Ugo Colombo, has obtained a $239 million construction loan from Bank OZK to develop Vita at Grove Isle. This luxury condominium project, currently under construction at 5 Grie Isle Drive on the private island of Grove Isle, near Miami’s Coconut Grove, will consist of a seven-story building with 65 waterfront residences, each boasting panoramic bay views and high-quality finishes. The project, which broke ground in April 2023, is progressing with vertical construction and is slated for completion by late 2025.

Developers Secure FAA Approval For 390-Foot-Tall Structure At 401 NE 29th Street In Edgewater, Miami

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

The Federal Aviation Administration (FAA) has granted approval for 2900 Terrace, a 38-story mixed-use development planned at 401 Northeast 29th Street in the Edgewater neighborhood of Miami. These permits, approved on January 2 and set to expire on July 2, 2025, mark a significant step forward for the project. Designed by Arquitectonica and developed by LNDMRK Development and Oak Row Equities, the building can reach 390 feet above ground level or 399 feet above mean sea level. An aeronautical study by the FAA confirmed that the structure adheres to obstruction standards and will not pose a hazard to air navigation.

8-Story Mixed-Use Development Is Proposed For 24735 S. Dixie Highway in Princeton, Miami-Dade County

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

M&R Enterprizes 1 L.L.C, led by Rosa A Garcia and based in Homestead, Florida, has submitted an application for administrative site plan review (ASPR) for a new mixed-use development. This project is located at 24735 South Dixie Highway, at the northwest corner of Southwest 134th Avenue and Southwest 248th Street in Princeton, Miami-Dade County. Designed by Edward Silva of E.S.A. Quality Design, the 8-story development falls within the County’s Urban Development Boundary (UDB) and is projected to yield 351,006 square feet. This space allocation includes 159,172 square feet dedicated to residential use across 222 multifamily units, 27,518 square feet for amenities, and 105,383 square feet of parking space, accommodating 344 vehicles.

Developer Seeks Design Approval For 5-Story Condo Project At 1940 Bay Drive In Miami Beach

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

1940 Apartments LLC, a Sunny Isles Beach-based entity led by Erwin Sredni, Jonatan Sredni, and Scott Albus, has submitted plans for a transformative 5-story multi-family residential project at 1940 Bay Drive in the Normandy Isle area of Miami Beach. Envisioned by Revuelta Architecture International, with Gardner + Semler taking the helm for landscape architecture, the proposed 55-foot-tall structure is set to replace the existing 23-unit apartment complex, introducing 12 modern condominium units running from 2,807 to 3,019 square feet to the locale. The Design Review Board of Miami Beach will review the submitted plans today.

Melo Group Boosts Density For 1700 Biscayne Property In Miami’s Arts & Entertainment District

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

Melo Group has recently expanded the development potential of its property at 1700 Biscayne Boulevard in a significant transaction. The developer is now authorized to construct 2,471 residential units on this property, marking a substantial increase from the previously allowed 1,518 units. This enhancement in development capacity comes from acquiring rights for an additional 955 units from an affiliate of Stiles Corporation, which owns the Publix property across the street at 1776 Biscayne.

Hines Lands $220 Million Construction Loan For First Phase Of FAT Village In Fort Lauderdale

8:00 am on December 31, 2023 By Oscar Nunez

In a landmark development for Fort Lauderdale’s urban fabric, a groundbreaking mixed-use project in the downtown area has recently obtained a substantial $220 million construction loan. This crucial funding, provided by Little Rock, Arkansas-based Bank OZK on December 26, is set to support FAT Village Project LLC, a Houston-based real estate development company Hines subsidiary. This development marks a significant step forward for the project, reflecting the burgeoning vitality of Fort Lauderdale’s real estate sector.

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