Articles by Oscar Nunez

Wynwood’s Design Review Committee To Review Waiver Application For 12-Story Mixed-Use Development At 18 NW 23rd Street

8:00 am on October 8, 2023 By Oscar Nunez

On October 10, 2023, the Wynwood Design Review Committee will assess a waiver request for a 12-story mixed-use development at 18 Northwest 23rd Street. Designed by Arquitectonica with interiors by MKDA and developed by Alchemy-ABR-BCP Wynwood LLC (an affiliate of New York-based Alchemy-ABR Investment Partners), this structure will rise 178 feet, comprising 291,767 square feet. This space includes 158,309 square feet for residential purposes, distributed among 178 rental units, 12,852 square feet for indoor and outdoor amenities, 13,520 square feet for ground-floor retail, and 167 parking spaces. The project’s genesis traces back to Alchemy Properties’ acquisition of the 34,200-square-foot parking lot from The Salvation Army for $18 million in October 2022.

Related Companies Acquires 320-Unit Sorrento Apartments In Miramar, Florida

8:00 am on October 7, 2023 By Oscar Nunez

Related Companies has acquired Sorrento, an affordable housing community in Miramar, Florida, from Zom Foxcraft, an entity tied to ZOM Living and NRP Group for $48.2 million, equating to $150,625 per unit. The 320-unit, garden-style apartment community offers LIHTC income-restricted apartments at 8991 and 9577 Southwest 41st Street. The property was completed by ZOM Living in 2012 and was originally financed through the federal Low Income Housing Tax Credit Program and various state and county debt financing programs.

Developers Secure $77M Construction Loan From Bank OZK For 2200 Brickell

8:00 am on October 6, 2023 By Oscar Nunez

Aria Development Group, Largo, and Place Projects have secured $77 million in construction financing for 2200 Brickell, a five-story, 105-unit luxury condominium development at 2200 Brickell Avenue, situated along Brickell’s historic Millionaire’s Row. The construction financing was provided by Bank OZK, represented by King & Spalding. Hunton Andrews Kurth and The Aztec Group represented the developers. 2200 Brickell is slated to break ground in Q4 2023 with Ortega Construction Company as the general contractor.

Terra Completes Construction On 78,000-Square-Foot Retail Complex ‘Doral Atrium’

8:00 am on October 5, 2023 By Oscar Nunez

Terra has finalized construction on Doral Atrium, a 78,000-square-foot retail space in the City of Doral. Concurrently, the firm has announced a 1,480-square-foot lease with TREMBLE Pilates Studio at the location. This marks TREMBLE’s eighth South Florida branch, adding to an expanding national presence. Located at the intersection of Doral Boulevard and 79th Avenue, Doral Atrium occupies 5.2 acres. Grycon served as the general contractor, alongside C&C Concrete Pumping as the concrete contractor, and Central Concrete Supermix provided concrete building materials.

Related Group And Merrimac Ventures Join Forces With Hilton For 28-Story Waldorf Astoria Residences Pompano Beach

8:00 am on October 4, 2023 By Oscar Nunez

Developers Related Group (Related) and Merrimac Ventures, in collaboration with Hilton, are excited to introduce their latest project: the Waldorf Astoria Residences Pompano Beach. Sitting on a two-acre oceanfront site at 1350 South Ocean Boulevard, this 28-story tower designed by KORA with Nichols Architects as the architect of record and landscape design by Enea Landscape Architecture will feature a total of 92 residential units, with interiors masterfully crafted by BAMO. With a beachfront cafe offering room service, a resident lounge, a pool deck complete with a jacuzzi and cabanas for poolside dining, comprehensive wellness facilities, and nearly two dozen boat slips, this new development is poised to contribute to South Florida’s ongoing growth. Nestled along the Atlantic Ocean, the Waldorf Astoria Residences Pompano Beach, known as The Residences, represents a notable milestone for the iconic Waldorf Astoria brand as it embarks on its inaugural venture into exclusively residential concepts. Furthermore, this project marks Waldorf Astoria’s grand entrance into Broward County, making it a highly anticipated addition to the region’s evolving real estate landscape.

UNCG And Vertical Developments Buy Edgewater Site For $13.5 Million With Plans To Build A Condo-Hotel

8:00 am on October 3, 2023 By Oscar Nunez

Urban Network Capital Group (UNCG), in collaboration with Vertical Developments, has acquired a land parcel in the Edgewater neighborhood of Miami’s urban core at 3618 Northeast 5th Avenue. The transaction closed for $13.5 million, with the previous owner being Hotelex Midtown LLC, an affiliate of Hotelex Group. The 4,725-square-foot parcel is zoned T6-24a-O, permitting a structure of up to 24 stories. The partnership between UNCG and Vertical Developments plans to develop a condo-hotel tower on the property; details have not yet been disclosed. Alfonso Jaramillo from Fortune International Realty represented the buyers in the deal.

Newrock Partners’ Completes Construction On ‘Oaklyn’ In Oakland Park And Welcomes First Residents

8:00 am on October 2, 2023 By Oscar Nunez

Oaklyn, an 11-story mixed-use tower located at 3333 North Federal Highway in the heart of Oakland Park, has completed construction and officially opened its doors, welcoming its first residents. Designed by Kobi Karp Architecture & Interior Design Inc., with First Florida as the general contractor, and developed by Newrock Partners, the property offers 274 apartment residences, ranging from studios to two bedrooms, with flexible floor plans spanning from 451 to 1,172 square feet. Oaklyn recently received its Temporary Certificate of Occupancy on September 15, offering residents unobstructed rooftop views of the cityscape and beaches, sleek interior finishes, and abundant amenities.

Water Street Tampa Elevates Art Scene With Waterlicht And Dune By Studio Roosegaarde

7:30 am on October 2, 2023 By Oscar Nunez

Water Street Tampa is set to immerse itself in interactive art with two internationally renowned pop-up installations. Starting next week, Tampa will host the captivating creations of Netherlands-based Studio Roosegaarde: Waterlicht and Dune, thanks to the collaborative efforts of developer Strategic Property Partners and local gallery CASS Contemporary.

North Bay Village Unanimously Approves Riviera Horizons’ 26-Story Waterfront Condo Project

8:00 am on October 1, 2023 By Oscar Nunez

North Bay Village has given the green light to Miami-based Riviera Horizons for a 26-story condominium development designed by Revuelta Architecture International. In a unanimous decision, the Village Commission approved the project on a 0.77-acre property at 7938 and 7940 West Drive on September 29. The proposed development is set to feature a collection of 70 luxurious condominiums, each designed as corner units to offer captivating waterfront views. These residences will range from a comfortable 2,000 square feet with two bedrooms to a sprawling 6,850 square feet with four bedrooms. The larger units will boast private roof terraces with pools and hot tubs.

Grow Financial Federal Credit Union Chooses Gasworx For New Ybor City Headquarters

8:00 am on September 30, 2023 By Oscar Nunez

Gasworx’s developer, a joint venture between KETTLER and Darryl Shaw, is pleased to announce a major milestone in developing its Phase II project, set to redefine the landscape of southwest Ybor City. The visionary redevelopment project will soon welcome Grow Financial Federal Credit Union as the first tenant, leasing a substantial 50,000 square feet of prime office space for its new headquarters.

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