Miami-based BEA Architects, through affiliate OZ-MIA 11575 NW 7 Avenue LLC, hopes to move forward with a mixed-use venture. The 305 Athletic Club would measure eight stories above grade, requiring 200,000 square feet of new construction.
The 5050 Residences, a proposed housing development in Miami-Dade County, is now larger. Initial plans in 2020 presented a four-story building, offering 40 one-bedroom apartments, measuring about 800 square feet each.
Miami-based developers Terra and Grass River have secured $245 million in permanent financing for Grove Central, a newly completed mixed-use development at 2800 Southwest 27th Terrace in Miami’s Coconut Grove neighborhood. The loan, issued by JP Morgan Chase & Co., will be used to pay off the development’s existing construction loan, provided in 2021 by Apollo Global Management, and fund remaining public infrastructure improvements and upgrades to the adjacent Metrorail station.
In 2022, Florida YIMBY reported on the 93 Ocean, a high-rise residential tower planned for Surfside, Florida. Now, our sources indicate that the project is one step closer to fruition.
Coastland Construction, an affiliate of Coastland Residential, has broken ground on The Addison in Palmetto Bay, a residential development in Miami-Dade County. Per the rental community will offer 83 units spread across 13 two- and three-story buildings.
