Commercial

Torose Equities Acquires Coral Gables Class A Office Building In Partnership With Lndmrk Development And Terranova

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

A partnership among Miami-based real estate investment firms Torose Equities, Lndmrk Development, and Terranova Corporation has acquired 255 Alhambra, an approximately 220,000-square-foot Class A office building in downtown Coral Gables. The acquisition gives the JV access to one of Miami’s most sought-after office submarkets. 255 Alhambra, located on 1.3 acres on Alhambra Circle, offers top-notch amenities, including floor-to-ceiling windows, a newly renovated lobby, and proximity to Coral Gables’ best restaurants and entertainment. The seller was an affiliate of Deutsche Bank/RREEF. The JV partners plan to further amenitize the property, building on the recent improvements and capitalizing on the demand for Class A office space in Coral Gables.

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FAA Permits Clear Path For Two 627-Foot-Tall Tower Cranes At 2600 Biscayne Boulevard

8:00 am on August 25, 2023 By Oscar Nunez

In a significant stride toward realizing their vision for a 40-story mixed-use tower, 2600 Biscayne Property, LLC, the joint venture between Oak Row Equities and Lndmrk Development, has secured FAA permits for installing two towering construction cranes at their upcoming project in Miami’s Edgewater neighborhood. These cranes are primed to ascend to 627 feet above ground, translating to a commanding 635 feet above mean sea level. This development’s vertical aspirations reflect a robust commitment to creating a remarkable addition to Miami’s urban landscape.

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FAA Permits Filed For 731-Foot-Tall Structure At 99 SW 6th Street In Brickell

8:00 am on August 20, 2023 By Oscar Nunez

Permits have been submitted to the Federal Aviation Administration for a 731-foot-tall structure at 99 Southwest 6th Street in Brickell, Miami. While specific plans for the site have not yet been disclosed to the public, this tower would stand adjacent to LOFTY Brickell, a 44-story mixed-use tower that commenced construction earlier this year. The site is bordered by the Miami River to the north and Southwest 6th Street to the south. Property records indicate ownership by 99SW7 HOLDINGS LLC, an affiliate of Newgard Development Group. This entity possesses over 2 acres of assembled sites earmarked for redevelopment featuring a range of mixed-use towers, including One Brickell Riverfront, which encompasses LOFTY Brickell and is situated at 99 Southwest 7th Street.

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