Commercial

Brickell City Centre. Designed by Arquitectonica.

Brickell Is Now A Seller’s Market According To A New Report By RelatedISG Realty

8:00 am on June 18, 2021 By Oscar Nunez

RelatedISG Realty, a general real estate firm based in Aventura with offices throughout Miami-Dade and Broward Counties head by CEO Craig Studnicky, has just released their 2021 South Florida Brickell report. According to the report, the Brickell submarket is officially now a seller’s market, where the demand has exceeded supply which currently sits at just 1% of the total units that’s been built since 2012; in other words, an astounding 99% of the units have been sold…

South Middle River Lofts. Designed by Atlas Architects.

South Middle River Lofts Proposed For 1123 NE 4th Avenue In Fort Lauderdale

7:30 am on June 18, 2021 By Oscar Nunez

Applications have been submitted to the Central City Redevelopment Advisory Board seeking the approval for the design and development of South Middle River Lofts, a 5-story mixed-use apartment complex proposed for 1123 Northeast 4th Avenue in Fort Lauderdale. Designed by Atlas Architects and developed by Chicago-based East Lake Management Group under the 1123 NE 4th Ave FL LLC, the project yields 84,207 square feet of space across 60 residential units, 2,250 square feet of commercial space and 120 parking spaces.

Westfield Broward Mall, Located at 8000 W. Broward Blvd. and 499 S. University Drive, Plantation, FL, 33388, Surrenders to Its Lenders

7:00 am on June 18, 2021 By Colt Dodd

Westfield Broward Mall, known colloquially to residents as “the Broward Mall,” opened its doors in 1978––just 12 years before its largest competitor, Sawgrass Mills Mall, commenced operations. Now, after serving Plantation, FL, for nearly 40 years, the property has been surrendered to its lender.

The District. Courtesy of ArX Solutions USA LLC.

Related Group’s The District At 225 N Miami Avenue Scheduled To Break Ground In Q4 2021

8:00 am on June 17, 2021 By Oscar Nunez

A ground breaking schedule has been announced for The District, a 37-story mixed-use skyscraper set to rise at 225 North Miami Avenue in Downtown Miami. Developed by the Related Group and designed by Sieger Suarez Architects with interiors by the Meshberg Group, the structure should rise to 394-feet and yield 343 units, bounded by bounded by NE 3rd St. to the north, NE 1st Ave, to the east and NE 2nd St. to the south. The developer has unveiled ground breaking will occur in Q4 of 2021, which is later this year.

Melo Group’s Twin 60-Story Island Bay Towers Proposal For 700 NE 24th Street In Edgewater, Miami

8:00 am on June 14, 2021 By Oscar Nunez

The Melo Group, one of Miami’s the most active high-end real estate developers, has their eyes set on the redevelopment of 3.68 acres of land spanning several blocks beside Biscayne Bay in Edgewater. In August of 2019, the developer unveiled plans for Island Bay, two twin 60-story mixed-use towers featuring designs by non other than Arquitectonica, and both reaching a structural height of 637-feet. The site of the proposal is addressed as 700 Northeast 24th Street, which includes approximately 168,262 square feet of total area across 24 parcels.

One Island Park, a waterfront office complex, is Proposed for 120 MacArthur Causeway, Miami Beach, FL, 33139

7:00 am on June 13, 2021 By Colt Dodd

In 2017, the Related Group, a privately-owned real estate firm in Miami, had big plans to construct a multi-story condo in Miami Beach. However, when confronted with the sudden influx of condos, apartments, and houses, the firm changed gears. Now, on the 3.71 acres of land, the firm intends to build office space that overlooks the ocean.

Evvo House Miami Hotel. Designed by RAD Architecture.

Applications Submitted For Evvo House Miami Hotel At 8001 NE Bayshore Court In Miami’s Upper East Side

8:00 am on June 11, 2021 By Oscar Nunez

Plans have been submitted to the Urban Development Review Board of Miami seeking approvals for Evvo House Miami Hotel, a 12-story mixed-use building to be located at 8001 Northeast Bayshore Court in the Upper East Side, Miami. The property’s interior lot faces Biscayne Bay to the east, bounded by the intersection between NE Bayshore Court. and NE 80st Street, also within close proximity to the John F. Kennedy Causeway along NE 79th Street that crosses over to Normandy Isles. 8001 Bayshore Group LLC, an affiliate company of Standard Partners LLC, is listed as the owner of the applications.

East End Capital Sells Class-A Wynwood Arcade To Black Lion Investment Group For $13.5 Million

7:30 am on June 11, 2021 By Oscar Nunez

Los Angeles-based Black Lion Investment Group lead by CEO Robert Rivani has picked up yet another major piece of property in Miami; the Class-A retail venue Wynwood Arcade has been sold to the firm, purchased from East End Capital for a total of $13.5 million. The property is located at 50 Northwest 24th Street in Miami’s Wynwood Arts District, bounded by NW 23rd Street to the north and wedged between N. Miami Avenue and NW 2nd Avenue. The purchase follows another recent transaction from Black Lion who spent approximately $12.1 million on waterfront restaurant building Amara at Paraiso, previously owned by the Related Group.

E11EVEN Hotel & Residences. Designed by Sieger Suarez Architects.

E11EVEN Hotel & Residences Becomes First Pre-Construction Project To Accept Cryptocurrency For Condo Deposits

7:30 am on June 9, 2021 By Oscar Nunez

Developers Property Markets Group and E11EVEN Partners are thrilled to announce the acceptance of cryptocurrency for condominium deposits at E11EVEN Hotel & Residences, a 698-foot-tall mixed-use building anticipated to rise in the evolving Park West district of Miami. Addressed as 20 Northeast 11th Street, the 65-story tower is the first project to accept cryptocurrency as a form of payment for condo deposits during pre-construction, and simultaneously is on track to become the fastest selling development within the last decade. The luxury high rise will yield 375 residences, including a Penthouse collection and 2 Presidential suites.

Paradise Isles Gets Approval in North Fort Myers, FL, in Lee County

7:30 am on June 8, 2021 By Colt Dodd

For many people, Fort Myers Beach is an escape from the hassles of day-to-day life. However, for those looking to make their vacation permanent, they may soon have options.

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