Miami

Empira Group Acquires Rare Development Site Near Brickell With Plans For An 85-Unit Multifamily Project

8:00 am on September 9, 2022 By Oscar Nunez

Switzerland-based real estate investment firm Empira Group acquired a rare 0.53-acre development site west of Brickell that consists of two vacant aged apartment buildings at 3025 and 3051 Southwest 3rd Avenue. The developer has plans to build an 8-story mid-rise multifamily project in “The Roads” neighborhood to satisfy the area’s rising demand for housing fueled by businesses relocating to Miami’s urban core. Designed by Revuelta Architecture International, CoralGrove is planned to yield 85 residential units in a mix of one-, two- and three-bedroom floor plans and 900 square feet of ground floor retail. Empira closed on the acquisition of the sites on August 29th, aiming to break ground in the second half of 2023 and deliver the project in 2025.

Natiivo Miami to Reach Completion in 2023 at 601 Northeast 1st Avenue, Miami, Florida, 33132

7:00 am on September 6, 2022 By Colt Dodd

Natiivo Miami started construction in February 2021. The $213 million venture is expected to reach completion in the third quarter of 2023. Upon finishing, the 51-story tower will offer 448 condos, ranging from studios to three-bedroom homes.

Wynwood Haus Tops Out At 1765 N. Miami Avenue In Miami’s Wynwood Arts District

8:00 am on September 2, 2022 By Oscar Nunez

Construction continues to progress on Wynwood Haus, a 20-story mixed-use development located at 1765 North Miami Avenue that just recently topped out in Miami’s Wynwood Arts District. The 222-foot-tall structure is designed by a Corwil Architects with landscaping from Enzo Enea, and developed by a joint venture partnership between Lineaire Group, Black Salmon Capital and Bridge Investment Group. 224 rental units will come in studios, one and two bedrooms floor plans ranging from 394 to 945 square feet, accompanied by amenities, a 222-vehicle parking garage and 5,500 square feet of ground floor commercial space.

Lynd Living Acquires One Of The Last Remaining Development Sites At Miami Worldcenter

8:00 am on September 1, 2022 By Oscar Nunez

One of the last remaining vacant development sites in the 27-acre Miami Worldcenter master-planned district, a 20,600-square-foot assemblage at the southeast corner of North Miami Avenue and Northeast 10th Street, traded hands for $30 million. The previous owner, IRR Parkwest Investments LLC – headed by Marc Roberts, sold the 0.47-acre site to 925 N Miami LLC, an affiliate of San Antonio, TX-based Lynd Living (Lynd). A $22.75 million land acquisition loan was arranged by Concord Summit Capital, LLC for the property, alternatively referred as Block 23, which occupies the northeast frontage of North Miami Avenue between Northeast 9th and 10th Streets

Developers Sign Utilities Deal For Ultra-Luxury 55-Story High Rise 710 Edge In Edgewater, Miami

8:00 am on August 31, 2022 By Oscar Nunez

A utilities deal for water and sewer connections has been signed with the City of Miami for 710 Edge, a 55-story ultra-luxury residential high rise planned for 710 Northeast 29th Street in Edgewater, Miami. Designed by ODP Architecture & Design and developed by 710 Edge LLC – a joint venture partnership between One Thousand Museum developers Kevin Venger, Louis Birdman, Michael Konig, and real estate developer Alex Posth, the newly signed deal includes connections for 100 residential units and 31,418 square feet of retail. The developers executed the deal on August 28, 2022.

Winston & Strawn, Baker McKenzie Sign Leases At OKO Group And Cain International’s 55-Story 830 Brickell Office Tower

8:00 am on August 30, 2022 By Oscar Nunez

830 Brickell, Miami’s newest Class A+ office tower, continues to attract best-in-class international law firms looking to bolster their presence in South Florida. Chicago-based Winston & Strawn LLP and Baker McKenzie have both joined the roster of firms signing leases at the 55-story office tower, which will become Miami’s first Class A+ office tower to deliver in more than a decade. Winston & Strawn will open its first Miami office within 35,000 square feet at the tower, marking the firm’s largest expansion in five years. Baker McKenzie signed an 18,000 square-foot lease.

Miami Voters Approve Land Lease Extension For Riverside Wharf In The Miami River District

8:00 am on August 29, 2022 By Oscar Nunez

Last week, Miami voters overwhelmingly approved an amendment to extend the lease of city land for use in the future development of Riverside Wharf, a $185 million hospitality-driven entertainment complex planned for 114 Southwest North River Drive that promises to usher in a new era for the Miami River District. With approximately 60% of the vote in favor of the amendment, the victory marks another step forward in developing the project. Developed by MV Real Estate Holdings in conjunction with Driftwood Capital and Merrimac Ventures, the the 10-story, 200,000-square-foot project will be the defining development for Miami’s Downtown core as a city-within-a-city all-encompassing destination for unparalleled entertainment, exceptional dining and world renowned hotel accommodations. It will encompass a world-class 30,000-square-foot nightclub and rooftop dayclub, a high-energy 12,000-square-foot event hall and mezzanine, as well as the rebirth and expansion of The Wharf Miami, with 16,000 square feet of signature restaurants and a private marina capable of accommodating megayachts. Planning to break ground in the second quarter of 2023, it will also feature a 165-key Dream Miami luxury hotel.

Namdar Group Issued $195 Million Loan For Two Apartment Towers In Downtown Miami

8:00 am on August 28, 2022 By Oscar Nunez

Great Neck, NY-based real estate investment and development firm Namdar Group has secured $195 million in acquisition and construction funding for Namdar Towers, two residential buildings of 41- and 43-stories planned for 222 Northeast 1st Avenue in Downtown Miami. The loan came from an affiliate of New York’s Slate Property Group – SCALE Lending – brokered by associates of Greystone Capital Advisors. Plans for the residential project include 1.2 million square feet of space with 1,354 residential units between both towers.

Twin 485-Foot-Tall Towers At 1900 Biscayne Boulevard Approved By The FAA

8:00 am on August 27, 2022 By Oscar Nunez

The Federal Aviation Administration (FAA) has issued building permits for twin 485-foot-tall residential towers at 1900 Biscayne Boulevard in Edgewater, Miami. The developer behind the efforts is Kushner Companies, who’s developing both of these towers along with a third tower at 2000 Biscayne Boulevard, collectively known as the Edgewater Collective. The FAA approved building permits yesterday, and will be valid for the next 18 months. Plans for the Edgewater Collective include 1,265 residential units and 24,000 square feet of retail space across three towers.

Demolition And Tree Permits Filed For 6001 NE 2nd Avenue In The Magic City Innovation District

8:00 am on August 22, 2022 By Oscar Nunez

Permits have been filed for demolition work and tree removal at 6001 Northeast 2nd Avenue, a lengthy 6.11-acre stretch of land located within the confines of the Magic City Innovation District emerging at the borders between Little River and Little Haiti in Miami. The site is located specifically located between Northeast 2nd and 4th Avenues with Northeast 60th Street directly to the south and Northeast 61st Street is the northern most thoroughfare. Plaza Equity Partners is listed as the owner of both permit applications, who is developing the mixed-use community along with investment firms Lune Rouge and Dragon Global. Plans for this particular site include an approved multifaceted 25-story residential tower, currently dubbed Parcel 11, designed by Arquitectonica which includes 522,806 square feet of space including 349 luxury residential units, 13,010 square feet of retail space, and an adjacent connected parking and amenities structure with 393 vehicle spaces.

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