Coral Gables-based Shoma Group has broken ground on Shoma Bay, a mixed-use tower in North Bay Village, located at 1850 79th Street Causeway. The 24-story development will feature 333 waterfront condos, a 35,037-square-foot Publix market, and 15,628 square feet of retail space.
Miami’s Building Department has issued a total demolition permit for the One Bayfront Plaza site at 100 South Biscayne Boulevard, marking the first step towards developing a new supertall tower in downtown Miami. The permit, approved on March 27, was finally issued on June 25.
The Waldorf Astoria Hotel & Residences, a nearly 100-story luxury tower set to rise at 300 Biscayne Boulevard in Downtown Miami, has secured a historic $668 million construction loan, the largest ever for a residential condominium development in Florida. The project, developed by PMG, Greybrook, Mohari Hospitality, S2 Development, and Hilton, achieved this financing milestone with Bank OZK and Related Fund Management providing the funds.
Dewatering and tree permit applications have been filed for 700 North Miami Avenue, a massive three-tower mixed-use development planned by Witkoff Group and Monroe Capital at Miami Worldcenter in Downtown Miami. Designed by Kobi Karp, the project will entail over 3 million square feet of space, including 2,350 residential units, over 30,000 square feet of ground-floor retail, and 1,924 parking spaces distributed across three towers. The project is advancing through the construction permitting process, with several new permits recently submitted – signaling that foundation work could commence soon for the former Miami Arena site.
Related Group and Tricap have secured $141.5 million in financing for NoMad Residences Wynwood. The project, underway in Miami’s Wynwood Arts District, received a $51.5 million mezzanine loan from Related Fund Management and a $90 million senior construction loan from Kennedy Wilson. The nine-story condominium tower commenced construction in October 2023 following its September groundbreaking. Located at 2700 Northwest 2nd Avenue near the Wynwood Walls, the building is designed by Arquitectonica, with interiors by DesignAgency.
