Property Markets Group

Developers Secure $178 Million Refinancing for Society Wynwood in Miami

8:00 am on August 26, 2024 By Oscar Nunez

National development firm Property Markets Group (PMG), in collaboration with Canadian-based private equity firm Greybrook Realty Partners (Greybrook), has secured $178 million in refinancing for Society Wynwood, a 10-story mixed-use building designed by MKDA at 176 Northwest 25th Street in Miami’s Wynwood Arts District. Eastdil Secured arranged the financing, provided by funds managed by Ares Management and Monarch Alternative Capital. Randy Barcelo from Stearns Weaver Miller represented PMG. Since welcoming its first residents in March, Society Wynwood has experienced rapid leasing velocity.

Waldorf Astoria Hotel & Residences Secures Record-Breaking Construction Loan and Reaches Major Milestone in Downtown Miami

8:00 am on June 23, 2024 By Oscar Nunez

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.

Two Upcoming Residential Towers Secure Utility Agreements In Miami

8:00 am on May 28, 2024 By Oscar Nunez

Miami-Dade’s Water and Sewer Department has finalized utility supply deals for two upcoming developments in the Brickell and Park West areas. Both projects, designed by Sieger Suarez Architects and currently in the construction permitting phase, secured utility agreements on May 22.

Foundation Permit Application Filed For One Twenty Brickell Residences At 120 SW 8th Street In Brickell, Miami

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

A foundation permit application has been filed for One Twenty Brickell Residences, a 34-story residential tower planned for construction at 120 Southwest 8th Street in Brickell, Miami. Designed by Sieger Suarez Architects with interiors by Cotofana Designs and developed by Property Markets Group (PMG), this new development will feature 240 fully furnished residences, each delivered with its own deeded office suite and over 60,000 square feet of amenities. The foundation permit application was filed with Miami-Dade County on April 30, with no contractor yet named.

Foundation Work Progresses On The Site Of Miami’s First Supertall Skyscraper

8:00 am on May 1, 2024 By Oscar Nunez

Foundation work at 300 Biscayne Boulevard, the site of the forthcoming Waldorf Astoria Hotel & Residences, has reached a significant milestone. This 100-story supertall tower, designed by Sieger Suarez Architects in collaboration with Carlos Ott, is poised to transform the downtown Miami skyline. Developed by Property Markets Group in partnership with Greybrook Realty Partners, Mohari Hospitality, S2 Development, and Hilton, the 1,049-foot-tall structure will be the tallest building in Miami and Florida’s first supertall skyscraper, encompassing 1,738,999 square feet, featuring 1,067,777 square feet of residential space, 431,776 square feet of hotel space, 13,244 square feet of retail and restaurant space, 6,171 square feet of office space, 212,803 square feet of garage space across 11 stories. John Moriarty & Associates is the general contractor overseeing the construction.

PMG Announces 34-Story ‘One Twenty Brickell Residences’ At 120 SW 8th Street In Brickell, Miami

8:00 am on March 19, 2024 By Oscar Nunez

Property Markets Group (PMG) has announced One Twenty Brickell Residences, a 34-story residential tower set to rise in the heart of Brickell, designed by internationally renowned architecture firm Sieger Suarez Architects, with interiors by Cotofana Designs. Located at 120 Southwest 8th Street, One Twenty Brickell Residences will consist of 240 fully finished and furnished residences, each delivered with a first-of-their-kind deeded office suite per residence and over 60,000 square feet of exclusive amenities. PMG Residential is leading sales for the project, which will commence the week of April 15th.

Miami’s Building Department Issues Phased Vertical Permit For 100-Story Supertall ‘Waldorf Astoria Hotel & Residences’

8:00 am on January 28, 2024 By Oscar Nunez

The Miami Building Department has issued a phased vertical construction permit for the Waldorf Astoria Hotel and Residences, a 100-story supertall mixed-use skyscraper under construction at 300 Biscayne Boulevard in downtown Miami. Designed by Sieger Suarez Architects in collaboration with renowned architect Carlos Ott and developed by Property Markets Group in partnership with Greybrook Realty Partners, Mohari Hospitality, S2 Development, and Hilton, the soaring tower, designed in the form of nine stacked offset glass cubes, will be the first to achieve supertall status in Miami and the state of Florida. The phased permit, approved on January 10, outlines the specifics of the new construction valued at $426 million, making a significant step forward for the project since its groundbreaking in late 2022.

Property Markets Group And MoneyShow Unveil New Plans For One Park Sarasota

8:00 am on January 12, 2024 By Oscar Nunez

Property Markets Group (PMG) and MoneyShow have recently announced new plans for One Park Sarasota, an 18-story luxury condominium development along a 53-acre bayfront park. The project aims to contribute to the city’s skyline at 333 North Tamiami Trail, at the intersection with Boulevard of the Arts in Downtown Sarasota. One Park Sarasota will house 86 residences featuring over 5,000 square feet of retail space. The development promises to offer residents panoramic views of Sarasota Bay, the cityscape, and The Bay Park. Coldwell Banker Realty has been appointed as the sales team for this project, with Chelsa Vahtomin and Robert Robinson leading the sales efforts exclusively.

Foundation Pour Completed at E11EVEN Hotel & Residences’ First Phase

8:00 am on July 4, 2023 By Oscar Nunez

On June 23, E11EVEN Hotel & Residences achieved a significant milestone in its construction by completing an impressive foundation pour. Developed by E11EVEN Partners and Property Markets Group, this luxury dual-tower project in Downtown Miami continues to make remarkable progress. Led by general contractor John Moriarty & Associates, the foundation pour was a remarkable feat, made possible by the collaborative efforts of several companies. Fly & Form, Cemex, West Wind, and Florida Concrete Unlimited played pivotal roles in completing the concrete pour. Working in harmony, these companies contributed their expertise and resources to ensure the precise and efficient delivery of concrete, laying a solid foundation for this ambitious development. Over 16 hours, an astounding 6,700 cubic yards of concrete were poured, a testament to the dedication and skill of all involved. This achievement marks a significant step forward in the realization of E11EVEN Hotel & Residences, promising an exceptional addition to the vibrant landscape of Downtown Miami.

Tower Crane Permits Filed For Waldorf Astoria Hotel & Residences Supertall In Downtown Miami

8:00 am on June 6, 2023 By Oscar Nunez

Tower crane permits have been filed for 300 Biscayne Boulevard, marking a significant step forward in the construction of Miami’s 100-story Waldorf Astoria Hotel & Residences. This supertall tower, designed by Sieger Suarez Architects in collaboration with Carlos Ott, is being developed by a consortium of high-profile partners. These include national developer Property Markets Group, Canadian private equity firm Greybrook Realty Partners, global investment company Mohari Hospitality, S2 Development, and global hospitality company Hilton, with John Moriarty Associates as the general contractor.

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