Miami

Record-Breaking $600 Million Loan Secured For 80-Story Cipriani Residences Miami Ahead Of Groundbreaking

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

Mast Capital, a Miami-based real estate developer, is gearing up to begin construction on Cipriani Residences Miami following robust sales activity. The developer has secured a record-breaking construction loan of $600 million from Mexico’s Banco Inbursa and Ascendant Capital Partners, the largest amount ever obtained for a single-tower residential construction in Florida. The considerable loan, consisting of $350 million from Banco Inbursa and $250 million from Ascendant Capital Partners, highlights the strong market confidence in the project, driven by its sought-after design, amenity offering, and prime location in the Brickell neighborhood.

Developers Propose the 305 Athletic Club at 11575 NW 7th Avenue, Miami, FL

7:00 am on February 6, 2024 By Colt Dodd

Miami-based BEA Architects, through affiliate OZ-MIA 11575 NW 7 Avenue LLC, hopes to move forward with a mixed-use venture. The 305 Athletic Club would measure eight stories above grade, requiring 200,000 square feet of new construction.

Nichols Architects-Designed 36-Story ‘Modera Riverside’ Tops Out At 300 SW 2nd Avenue In Downtown Miami

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

Nichols Architects-designed Modera Riverside has topped off in downtown Miami. As of Friday, January 26th, the 410-foot-tall structure reached its final height of 36 stories, positioning itself at the intersection of Brickell, Downtown Miami, and the burgeoning Miami River District. The residential tower boasts 428 apartments, offering a diverse range of living spaces from cozy studios to expansive three-bedroom units, catering to a broad spectrum of residents. Construction is expected to complete later this year.

Developers Increase Size of 5050 Residences at 5050 N.W. 22nd Avenue, Miami, FL

7:00 am on January 31, 2024 By Colt Dodd

The 5050 Residences, a proposed housing development in Miami-Dade County, is now larger. Initial plans in 2020 presented a four-story building, offering 40 one-bedroom apartments, measuring about 800 square feet each.

Sterling Bay Joins Key International As Co-Developer Of 51-Story 848 Brickell In Miami’s Financial District

8:00 am on January 25, 2024 By Oscar Nunez

Key International, led by Diego and Inigo Ardid, has announced Sterling Bay, a national real estate development firm known for its pioneering approach to developing award-winning creative offices, as the co-development partner of 848 Brickell, a 761-foot-tall Class A creative office and retail tower proposed in Miami’s Brickell neighborhood. Sterling Bay joins Key International in developing plans for this project, which, under zoning approval by Miami-Dade County, will soar 51 stories in the heart of Miami’s bustling Financial District.

The 93 Ocean Slated for 9317 Collins Avenue, Surfside, FL

7:00 am on January 25, 2024 By Colt Dodd

In 2022, Florida YIMBY reported on the 93 Ocean, a high-rise residential tower planned for Surfside, Florida. Now, our sources indicate that the project is one step closer to fruition.

The 115th Street Apartments on the Horizon for 1231 NE 115th Street, Miami, FL

7:00 am on January 20, 2024 By Colt Dodd

New York-based El Special Situations LLC wants to rezone a .98-acre site from two-family district to mixed-use corridor district. The end goal? A mixed-use complex dubbed the 115th Street Apartments.

Naranja Grand Starts First Phase of Construction In Leisure City, Miami-Dade County

7:00 am on January 17, 2024 By Colt Dodd

In 2022, Housing Trust Group (HTC) proposed Naranja Grand, a two-building affordable housing complex in Miami-Dade County. Now, nearly two years after the initial proposal, the general contractor has broken ground on the first phase.

Clara Homes Closes On $7.7 Million Development Site At 2601 NW 6th Avenue In Wynwood, Miami

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

Miami-based real estate development firm Clara Homes, founded by James Curnin, has announced the closure of a $7.7 million deal for a residential development site in Miami’s Wynwood neighborhood. The site at 2601 Northwest 6th Avenue spans 17,000 square feet and is planned for a 154-residence luxury rental building dubbed Clara Wynwood. The building, designed by architect Kobi Karp, is set to include at least 40% affordable workforce housing, aligning with the Live Local Act. Jordan Karp, an independent broker, represented Clara Homes in this transaction, while the seller, men’s clothing wholesaler Austin Burke, was represented by Jeremy S. Larkin and Joseph R. Gallaher.

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