Articles by Oscar Nunez

New Rendering Showcases Okan Tower’s Tulip-Inspired Design, Set to Rise 70-Stories In Downtown Miami

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

A captivating new hero rendering has been unveiled for Okan Tower, a 70-story, tulip-shaped mixed-use tower set to become a landmark in Downtown Miami. Designed by Behar Font & Partners and developed by Okan Group, the 902-foot tall megaplex is located at 555 North Miami Avenue, at the crossroads of culture, entertainment, art, fine dining, and Miami’s waterfront. The development will include residences anchored by a Hilton Hotel, offering a range of exclusive amenities. Upon completion, Okan Tower will yield over 900,000 square feet of space, including a 316-key Hilton Miami Bayfront Hotel, 163 Sky Residences with owners-only amenities, 236 Short-Term Rental Residences powered by Hilton Hotels & Resorts, and 64,000 square feet of ‘Class A’ office space. The project, exclusively marketed and sold by Fortune Development Sales, is poised to become one of Miami’s tallest towers.

Construction Permits Filed For 58-Story Villa Residences At 710 NE 29th Street In Edgewater, Miami

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

Developers One Thousand Group and Terra, in partnership with Major Food Group, have submitted a permit application to the Miami Building Department for Villa Residences, a 58-story residential condominium tower designed by the acclaimed ODP Architecture & Design (ODP Architects), set to rise at 710 Northeast 29th Street in the Edgewater neighborhood of Miami. The application, filed on April 20, outlines a tower reaching 650 feet in height. The gross square footage for the development is listed at 358,944, with the residential portion occupying 351,221 square feet. The permit filing estimates the construction cost at $62,817,300 with Moss Construction listed as the general contractor.

Terra Acquiring Former Miami Herald Site From Genting Group For $1.225 Billion, Plans Waterfront Transformation

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

SmartCity Miami LLC, an investment group led by Miami-based Terra and its CEO, David Martin, has finalized terms for acquiring a 15.5-acre development site on Biscayne Bay in Downtown Miami. The group will purchase the site, previously home to the Miami Herald newspaper offices, from its owner, Genting Group, for $1.225 billion. The site is the largest undeveloped waterfront property in Miami’s urban core, midway between Miami Beach and Miami International Airport. It offers over 800 feet of direct frontage along Biscayne Bay and is adjacent to Miami’s Museum Park, the Adrienne Arsht Center for the Performing Arts, and the Metromover transit system. The closing is set to take place later this year.

Construction Commences On SeaGlass Cove At 59720 Overseas Highway In Grassy Key, FL

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

Construction is underway on SeaGlass Cove, a residential island community at 59720 Overseas Highway in Grassy Key, Florida. Designed by Alderman Planning Company with Landwise Design as the landscape architect and developed in collaboration between Miami-based Constellation Group and Ironwood Venture Group, SeaGlass Cove features 14 single-family homes in a private gated community featuring interiors from designBAR. $17 million in construction funding was provided to the developers by Banesco USA. Construction is expected to complete sometime in 2024.

Elevate Apartments Tops Off Construction At 600 E. Dania Beach Blvd. In Dania Beach, FL

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

Miami-based developers Royal Palm Companies and ILP Developers celebrate the topping off of Elevate Apartments, a 293-unit multifamily project at 600 East Dania Beach Boulevard in Dania Beach. Designed by NMD Nomadas with De Los Reyes Engineering Inc. as the structural engineer, the 8-story, 503,924-square-foot project will feature a mix of studio, one-, two-, and three-bedroom residences ranging from 700 to 1,000 square feet, and amenities such as a pool with sundeck, fitness center, coworking space, water sports equipment storage, and structured parking. Architectural Alliance Landscape is the landscape architect. Suffolk Construction is the general contractor.

Permits Filed For Diesel Wynwood At 161 NW 28th Street In Wynwood, Miami

8:00 am on April 29, 2023 By Oscar Nunez

Located at 161 Northwest 28th Street in Wynwood, a one-acre development is set to take shape as Bel Invest, an international real estate investment and development entity with a portfolio in Italy, Spain, Germany, and the United States, collaborates with Diesel, the renowned Italian fashion and lifestyle brand, to lay the groundwork for the Diesel Wynwood condominium project. Envisioned by the esteemed Zyscovich Architects, the eight-story structure will occupy approximately 323,633 square feet, comprising 159 residential units and a substantial 15,889 square feet of ground-floor retail space. Nestled on the northern boundary of Northwest 28th Street, between Northwest 1st and 2nd Avenues, the development’s site stands directly opposite its existing sales center. Moss & Associates LLC is the general contractor.

Miami’s Lotus House Breaks Ground on Children’s Village In Overtown, Miami

8:00 am on April 28, 2023 By Oscar Nunez

In a groundbreaking ceremony attended by hundreds of neighbors and community stakeholders, Lotus House, the country’s most extensive women’s shelter, marked the commencement of construction on their Children’s Village. Set in Miami’s historic Overtown District, the five-story facility aims to extend the organization’s impact on the community by focusing on children’s and youth’s education, wellness, and special needs.

Taurus Development Group Proposes 28-Unit Multi-Family Project In Goulds, Miami-Dade County

8:00 am on April 27, 2023 By Oscar Nunez

New plans submitted to Miami-Dade County for an Administrative Site Plan Review reveal Taurus Development Group LLC’s proposal to develop a multi-family residential building in the Goulds Community Urban Center District (GCUC), designed by Conconcreto Designs LLC as the architect, structural engineer, and MEP engineer, and Fecttech Consult, LLC as the civil engineer. The development site is situated at the southwest corner of Southwest 218th Street and Southwest 120th Ave intersection, within the Center Sub-District of the GCUC. The vision for the project is an 8-story, 28-unit apartment building with a ground-floor parking garage and additional on-street parking.

Developers Breaks Ground On 18-Acre Multifamily Development in Palm Springs, Florida

8:00 am on April 26, 2023 By Oscar Nunez

South Florida real estate development and investment firm Mast Capital has joined forces with Boston-based Rockpoint and The Spear Group to break ground on an 18-acre multifamily development in Palm Springs, FL. With $42.5 million in construction financing from Santander Bank, the project, located at 2085 S. Congress Ave., will rise on the site of the former YMCA of the Palm Beaches. The development will feature 264 upscale, garden-style apartments across 11 residential buildings.

Mark Bellissimo And NEXUS Luxury Collection Partner To Develop 600-Acre Residential Club Community In Wellington, Florida

7:30 am on April 26, 2023 By Oscar Nunez

Wellington resident and entrepreneur Mark Bellissimo has announced a partnership with NEXUS Luxury Collection, founded by Joe Lewis and his Tavistock Group, Tiger Woods, Justin Timberlake, and Ernie Els, to create The Wellington, a luxury residential club community in the heart of Wellington that celebrates the best of South Florida and equestrian sport. Through their new partnership, Wellington Lifestyle Partners (WLP), the principals will reimagine over 600 owned acres and work with the Village of Wellington (VOW) and the local community to craft a residential experience that is focused on wellness, resort living and sport while honoring and enhancing Wellington’s equestrian roots.

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