The acquisition of a $424 million construction loan will make completing Rivage Residences in Miami-Dade County possible. Florida YIMBY first reported on this luxury high-rise in early 2023.
The Rosewood Residences Lido Beach has topped out in Sarasota County. Florida YIMBY first reported on this venture in June 2022. The 11-story tower will feature 65 three-bedroom and four-bedroom units.
A 25-story mixed-use tower proposed for the upcoming 17.75-acre Magic City Innovation District in Little Haiti has been submitted to Miami’s Urban Development Review Board for approvals. The developer behind the application is MCD Miami LLC, a partnership between real estate developer Plaza Equity Partners, brokerage firm Metro 1, and investment firms Luna Rouge and Dragon Global. Parcel 11 is the tentative name for the new building and it’ll be the first of several towers to rise in the new Special Area District, projected to yield 522,806 square feet of space including 349 residential units, 13,010 square feet of retail space, and an adjacent connected parking and amenities structure with 393 vehicle spaces.
New renderings have been released for Magic City Innovation District, a massive multi-building transit-oriented mixed-use mega-development planned for Little Haiti in Miami. The project is comprised of 17 parcels of land spanning multiple blocks, primarily located between Northeast 2nd Avenue and Northeast 4th Court with Northeast 59th Terrace being the southern-most cross street and Northeast 64th Terrace as the northern-most street. Being developed by a partnership between Plaza Equity Partners, Metro 1 and Luna Rouge, the new district will yield residential, hotel, office, retail and expo space across 18-acres.