The COVID-19 pandemic has increased demand for hotel rooms in South Florida, with close to 5,000 new rooms opening by 2026. One of the planned hotels is Collins Park Miami, a multi-building venture that will comprise 172,000 square feet.
Atlanta-based SJC Ventures has submitted a proposal for a grocery-anchored retail center in Doral, Florida. The retail developer, operating through affiliate Doral Marketplace LLC, filed a municipal pre-application with Miami-Dade County officials regarding the project. SJC Ventures stated that it has a 10.1-acre site at the southwest corner of Northwest 107th Avenue and Northwest 41st Street under contract from Bridge Industrial.
Construction is anticipated to start on Vita at Grove Isle by the end of this month. The six-story venture will comprise 65 luxury condos, which will measure around 4,000 square feet each.
South Florida’s affordable housing crisis is set to receive a much-needed boost as Miami-based Pinnacle breaks ground on the innovative Pinnacle at Tropical Pointe. This ambitious project, located in the Princeton neighborhood of unincorporated Miami-Dade County at 25155 Southwest 136th Avenue, aims to deliver 215 affordable housing units through a unique blend of public and private sector collaboration. The full-service real estate development and construction company has successfully secured $72.3 million in financing from local bonds, tax credit equity, and local subsidies.
Cipriani Residences Miami will be the first ground-up residential tower under the Cipriani brand. Miami Condo Investments reports that the 80-story structure will comprise 397 luxury residences.
