Miami’s Jungle Island (formerly known as “Parrot Jungle Island”) closed its doors in light of the Covid-19 pandemic. Plans are also in the works for a 300-room hotel, named “Jungle Island Hotel.”
The development site of an already approved 53-story mixed-use building planned for Downtown Miami was recently sold to a prominent New York City developer. The two parties in the transaction are the seller Downtown 56 LLC, an affiliate of S2 Development, and the buyer Downtown 1st Street LLC, an affiliate of Long Island-based Lions Group NYC. The 16,718-square-foot site traded hands for $10 million, and that includes the addresses 56 Southwest 1st Street and 65 Southwest 2nd Street, including the air rights to the adjacent city-owned parking structure at 70 Southwest 1st Street. Lions Group NYC intends to follow through with the existing plans for the new building.
Miami’s Planning Department and Office of Zoning has received an application from real estate developer Mast Capital proposing to build three new mixed-use skyscrapers in Brickell. The plans call for the construction of two 56-story towers and a 74-story tower in the western perimeters of the district. The project would be built on the site of two former developments that never came to fruition primarily addressed as 1420 South Miami Avenue, bounded by Southwest 14th Street on the north and Southwest 14th Terrace on the south with Southwest 1st Avenue to the west. Iris Escarra of GreenbergTraurig is representing the developer in the filing.
Glass façade installation is steadily progressing on the now topped-out Society Biscayne, a 49-story mixed-use skyscraper at 400 Biscayne Boulevard in Downtown Miami. Designed by Sieger Suarez Architects and developed by Property Markets Group in collaboration with Greybrook Realty Partners, the 571-foot-tall structure is one of several to recently rise along Biscayne Boulevard, and will bring a mixture of residential units, office spaces, a church, ground floor retail and a parking garage, while offering sweeping views of Biscayne Bay, Miami Beach and Downtown’s cityscape.
Former Space Club owner Louis Puig recently purchased a multi-family apartment complex for $5.567 million at 333 Jefferson Avenue in the South of Fifth neighborhood in South Beach, Miami Beach, with the intentions of converting it in a boutique apartment hotel licensed for short-term stays/rentals. The property is bounded by 4th Street on the north, Meridian Court on the east, 3rd Street on the south and Jefferson Avenue on the west. As per public record, Susan Gale & Serena Joaquim with ONE Sotheby’s International Realty represented the seller, 333 Jefferson Holdings. Gema Ruiz of Cedano Realty Advisors and Jose Maria de Guzman represented the buyer.
