In September 2022, South Miami city officials approved “Edge at SoMi,” a residential community featuring 311 apartments. Homes will measure 622 square feet to 1,185 square feet each, comprising one-bedroom to multi-bedroom layout plans.
North Miami Ventures LLC hopes to move forward with NoMi Square, an $118 million venture slated for Miami Shores, Florida. The South Florida Business Journal reports that the owner acquired the 7.6-acre site for $4.5 million last year.
Rivergrass Village is a hotly-contested venture unfolding near Collier County, FL. The 1,000-acre community will offer 2,500 single-family and multi-family homes. The Naples Daily News reports that the community will comprise anywhere from 62,500 square feet to 80,000 square feet of “neighborhood scaled retail and office uses.”
Aetna Realty, a fully integrated New York-based real estate investment company, has unveiled conceptual renderings of a potential redevelopment of 22 East Flagler Street in Downtown Miami. The 1.65-acre property comprises two parcels situated along South Miami Avenue between East Flagler Street and Southeast 1st Street and was once home to a Macy’s and now defunct Burdines department stores. The property boasts over 500,000 square feet of commercial space with its current improvements, which are two 75-year old multistory structures connected via a sky bridge hovering over South Miami Avenue. According to Aetna Realty, the property is primed to become another one of their crown jewels with two soaring skyscrapers spanning 50 to 55 stories.
Construction has started on CentroCity, a mixed-use development in Miami, Florida. The venture will renovate the area’s Central Shopping Plaza and offer 1,188 apartments on a 39-acre plot. Plans also call for a charter school anchored by a Target, Walgreens, and Fresco Mas,
