Miami is one of South Florida’s most coveted places to live. To meet the demand for housing, Adler Group, Inc. and Mill Creek Residential have a new venture underway: Modera Riverside.
Kinect Miami is just one part of the larger Miami Worldcenter, one of Miami-Dade County’s biggest mixed-use ventures. The project comprises two towers, one measuring 39 stories and the other 79 stories. In total, the venture will yield more than one million square feet of new construction.
Echelon at Delray Beach is moving toward completion in Palm Beach County, FL. The $44 million residential venture provides 14 units in a three-story building. Of the 14 units, four of them are penthouses.
Plans are underway for a new assisted living facility in Aventura, FL. Belmont Village Senior Living has multiple locations across the United States, with facilities in California, Florida, Illinois, and other states. Now, it has its sights set on a new location in Miami-Dade County.
A pre-application has been initiated for an administrative site plan review with the Miami-Dade County Department of Regulatory and Economic Resources for 700 North Miami Avenue, the site of the cancelled Marriot Marquis Miami Worldcenter and the former location of the Miami Arena (demolished in 2008). The application lists WG 700 North Miami LLC, an entity owned and managed by New York City-based Witkoff Group, as the owner of the application, and reveals Miami-based Kobi Karp Architects is leading the design for the project. Plans for the 4.7-acre site consists of three 57-story mixed-use buildings with up to 2,195 residential units, 540,000 square feet of office space, and 49,999 square feet of retail space. Witkoff, along with Chicago-based Monroe Capital, acquired the property for $94 million from MDM Group in July of last year.
