Luxury

Developers Close On $141.5 Million In Financing For NoMad Residences Wynwood

8:00 am on May 13, 2024 By Oscar Nunez

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.

PulteGroup Plans 145-Home ‘Amara’ for South of Hypoluxo Road in Lake Worth

7:00 am on May 13, 2024 By Colt Dodd

PulteGroup has plans for a single-family housing development north of Boynton Beach. The project, named “Amara,” will offer 145 residences, with at least 20 percent (29 units) resting on half-acre lots.

ZOM Living Announces ‘MetLife Residential’ for MetLife International in Tampa, FL

7:00 am on May 10, 2024 By Colt Dodd

The final piece of the larger MetWest International puzzle has been announced in Tampa, FL. Our sources indicate that ZOM Living, in partnership with MetLife Investment Management, has plans for a mid-rise housing development named “MetWest Residential.”

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.

174-Unit ‘Cassia’ Planned for 4011 Salzedo Street in Coral Gables, FL

7:00 am on April 29, 2024 By Colt Dodd

Cassia, a 12-story upscale housing complex, is slated for Coral Gables. Our sources indicate that the building will host 174 condos, with homes measuring 662 square feet to 1,439 square feet each.

First Standalone Four Seasons Condo Planned for 2699 S. Bayshore Drive, Miami, FL

7:00 am on April 25, 2024 By Colt Dodd

Four Seasons Private Residences Coconut Grove is slated to be the luxury brand’s first standalone venture in the state, offering “legendary service and experiences outside of a hotel or resort.”

Crescent Heights Proposes 26-Story Tower for 101, 115, 119, 121 and 125 NE 14th St., Miami, FL

7:00 am on April 10, 2024 By Colt Dodd

Miami-based Crescent Heights hopes to get approval for a 26-story mixed-used tower west of the Adrienne Arsht Center for the Performing Arts. The unnamed venture would comprise 184,135 square feet of new construction.

Construction Nears for ‘Sai Ocean Front Residences’ at 404 Gulf Boulevard, Indian Rocks Beach, FL

7:00 am on April 7, 2024 By Colt Dodd

Sai Ocean Front Residences is set to start construction this summer. The low-rise luxury development will occupy the site of the Gulf Towers Motel, which was demolished in February 2023.

Historic ‘Gulfstream Hotel’ Set for Expansion and Renovation at 1 Lake Avenue, Lake Worth Beach, FL

7:00 am on April 3, 2024 By Colt Dodd

The Gulfstream Hotel’s renovation and expansion are just one step closer to reality, with construction having already started on the first phase. Our sources indicate that the historic hotel, erected in 1925, was mostly “gutted” for the past few years.

Related Group And GTIS Partners Secure $328M Construction Loan From Bank OZK For 75-Story Baccarat Residences Miami

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

Related Group and GTIS Partners have secured a $328 million construction loan for the Baccarat Residences Miami, a 75-story luxury condominium tower at the gateway of Brickell Avenue. The financing, arranged by Berkadia South Florida, supports the development of the 848-foot-tall skyscraper, which is currently under construction at 99 Southeast 5th Street and is expected to be completed in early 2028. Over 95 percent of the residences have been sold since the launch in late 2021. John Moriarty & Associates is the general contractor.

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