Pine 42 is a multi-million-dollar multifamily complex that will comprise 50 move-in-ready homes. Units range from 700 square feet to 2,700 square feet each. They include one-bedroom to three-bedroom homes, plus eight penthouses.
Coastal Construction Group has broken ground on a new event center at The Concours Club, Miami’s members-only motorsport facility that blends high-performance driving, impeccable service, and luxury amenities within a spectacular resort setting. Located at One Concours Way within the Miami-Opa Locka Executive Airport and minutes from the heart of Miami and Fort Lauderdale, The Concours Club sets the new standard for automotive country clubs worldwide, bringing luxury amenities and services to the driving course. The club offers the most elevated and thoughtful accommodations found at a motorsport facility of its kind. From the Member’s Lounge and premium restaurant Verge, offering unparalleled dining experiences conceived by Michelin-starred experts, to Lifestyle Concierges to assist with any request, there is no other automotive resort like it anywhere else on earth.
L&L Holding Company and Oak Row Equities announced they have closed on $215 million in construction financing for The Wynwood Plaza, a one-million-square-foot campus that will bring class-AAA office, residential, retail, and outdoor space to 95 NW 29th Street in Miami’s famed Wynwood Arts District. The developers, alongside project partner Shorenstein Properties LLC and co-investor Claure Group, secured the loan from Bank OZK. With full project financing now in place, major construction will commence immediately, with anticipated completion in 2025.
Yet, that’s just one of the many proposals the Miami Urban Design Review Board will hear on Wednesday. It’ll also hear a proposal for a seven-story self-storage building. The venture, comprising more than 137,000 square feet, would replace an already-existing low-rise apartment building.
The Federal Aviation Administration has approved permits for work on 501 First Residences, a 40-story residential building under construction at 501 Northeast 1st Avenue in Downtown Miami. Designed by Revuelta Architecture International and developed by Aria Development Group with AQARAT, the building will have over 400,000 square feet of space, including 448 fully-furnished luxury condominium units featuring interiors by Shim Projects and 3,127 square feet of commercial space. Beauchamp Construction is serving as the general contractor.
