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.
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.
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.
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.
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.
