Commercial

Oak Row Equities Closes $181M Construction Loan From Bank OZK For 2600 Biscayne Boulevard In Edgewater, Miami

8:00 am on March 17, 2024 By Oscar Nunez

Oak Row Equities has closed on a $181M construction loan from Bank OZK for 2600 Biscayne Boulevard, a 41-story Class AAA office and multifamily tower in Miami’s rapidly-maturing Edgewater submarket. This transaction is one of the largest mixed-used construction loans to close in South Florida in the past year. Newmark’s Dustin Stolly, Jordan Roeschlaub, Chris Kramer, and Daniel Matz arranged the financing. Remarkably, 50% of 2600 Biscayne’s office and retail space was pre-leased before breaking ground, marking it as one of Miami’s most pre-leased new construction office buildings.

New Renderings And Phased Plans Unveiled For Trio Of Towers At ‘Miami Riverbridge’, Including 87-Story Supertall, in Downtown Miami

8:00 am on March 2, 2024 By Oscar Nunez

Updated renderings and phased plans have been unveiled for Miami Riverbridge, a three-tower mixed-use development designed by Arquitectonica and developed by Hyatt Hotels Corporation and Miami’s Gencom set to redefine the 4-acre site at 400 Southeast 2nd Avenue along the Miami River. With a review by the Miami River Commission scheduled for March 4, this visionary project has captured the city’s imagination, signaling a major transformation for downtown Miami. Following a resounding endorsement from city voters in November 2022 for a lease amendment and development agreement for the property, the developers aim to breathe new life into the site, replacing the existing 615-room Hyatt Regency Miami hotel and the 4,500-seat James L. Knight Center dating back to 1982.

Two Hotels to Offer a Combined 238 Guestrooms in Jacksonville, FL

7:00 am on February 14, 2024 By Colt Dodd

Jacksonville will soon be home to two hotels: an extended stay Everhome Suites and a Home2Suites by Hilton.

The Bradenton Area Convention Center Gets $48 Million Expansion at 1 Haben Road, Palmetto, FL

7:00 am on January 21, 2024 By Colt Dodd

The Bradenton Area Convention Center (formerly known as the Manatee Civic Center) is getting a $48 million expansion.

Index Investment Group Proposes Flagler’s Wharf at 401 N. Alternative A1A and 101 Old Jupiter Road in Jupiter, FL

7:00 am on November 15, 2023 By Colt Dodd

Index Investment Group has proposed a mixed-use venture in Jupiter, Florida. Flagler’s Wharf (not to be confused with Fisherman’s Wharf) would rest on a now-vacant 2.95-acre lot. The developer purchased the parcel for $2.6 million in 2016. The site previously featured a mobile home park.

WPH Properties LLC Proposes 7-Story Project at 1000 Washington Avenue, Miami Beach, FL

7:00 am on October 18, 2023 By Colt Dodd

More and more wealthy people are moving to Miami Beach, and they want more office space. Enter a new proposal from WPH Properties LLC. The California-based company hopes to get approval for a seven-story building that would offer 33,640 square feet of office space.

Massive Mixed-Use Development Gets The Green Light In St. Petersburg’s Skyway Marina District

8:00 am on October 10, 2023 By Oscar Nunez

St. Petersburg’s Development Review Commission has given the green light to an expansive mixed-use development slated for the Skyway Marina District. Spanning 34.3 acres, the project, known as Skyway Village, is a phased, master-planned endeavor. It involves the demolition of most of the existing 380,000-square-foot office park at 3102 34th Street South, to be replaced by a series of new mid-rise buildings featuring a blend of apartments and walkable community retail. Notably, a Sprouts Farmers Market is set to anchor the retail component. Initially reported by St. Pete Rising, the project was proposed for an underutilized office park, formerly housing Minneapolis-based Ceridian, known for its human resources software and services.

UNCG And Vertical Developments Buy Edgewater Site For $13.5 Million With Plans To Build A Condo-Hotel

8:00 am on October 3, 2023 By Oscar Nunez

Urban Network Capital Group (UNCG), in collaboration with Vertical Developments, has acquired a land parcel in the Edgewater neighborhood of Miami’s urban core at 3618 Northeast 5th Avenue. The transaction closed for $13.5 million, with the previous owner being Hotelex Midtown LLC, an affiliate of Hotelex Group. The 4,725-square-foot parcel is zoned T6-24a-O, permitting a structure of up to 24 stories. The partnership between UNCG and Vertical Developments plans to develop a condo-hotel tower on the property; details have not yet been disclosed. Alfonso Jaramillo from Fortune International Realty represented the buyers in the deal.

18,900-Square-Foot Facility to Serve as Pickleball at 815 W. Grant Street, Orlando, Florida

7:00 am on October 3, 2023 By Colt Dodd

Earlier this May, Orlando was deemed one of the most pickleball-obsessed cities in the country. Now, a conditional permit will allow an 8,900-square-foot facility to double as an indoor/outdoor pickleball court.

Newrock Partners’ Completes Construction On ‘Oaklyn’ In Oakland Park And Welcomes First Residents

8:00 am on October 2, 2023 By Oscar Nunez

Oaklyn, an 11-story mixed-use tower located at 3333 North Federal Highway in the heart of Oakland Park, has completed construction and officially opened its doors, welcoming its first residents. Designed by Kobi Karp Architecture & Interior Design Inc., with First Florida as the general contractor, and developed by Newrock Partners, the property offers 274 apartment residences, ranging from studios to two bedrooms, with flexible floor plans spanning from 451 to 1,172 square feet. Oaklyn recently received its Temporary Certificate of Occupancy on September 15, offering residents unobstructed rooftop views of the cityscape and beaches, sleek interior finishes, and abundant amenities.

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