MG Developers hopes to start construction on Merrick Parc, a multi-million-dollar residential complex in Miami, Florida. It purchased the 43,785-square-foot site for $19 million. If approved, the development will offer two 20-story buildings.
The Federal Aviation Administration (FAA) received building permit applications for a 294-foot-tall building to be constructed in the emerging Magic City Innovation District. Coordinates listed in the filings align with a 25-story residential tower at 6001 Northeast 2nd Avenue designed by Arquitectonica that was unanimously approved by Miami’s Urban Development Review Board (UDRB) back in November 2021. Parcel 11, the current naming scheme for the project, is proposed to bring 522,806 square feet of space including 349 luxury residential units, 13,010 square feet of retail space, and an adjacent connected parking and amenities structure with 393 vehicle spaces. The developer is MCD Miami LLC, a joint venture partnership between real estate developer Plaza Equity Partners, brokerage firm Metro 1, and investment firms Luna Rouge and Dragon Global.
Wynwood Urby is a multi-million-dollar mixed-use venture coming to Miami-Dade County, Florida. Both Ironstate Development and Brookfield Properties have partnered on the venture. The eight-story building comprises more than 370,000 square feet of new construction, featuring over 280 residential units.
RCC Developers hopes to start construction on a new mixed-use project in Miami-Dade County, Florida. It acquired the 1.17-acre site for $850,000 in 2021. There are no structures on the build site, so plans do not call for demolition.
Leasing has launched for Strata Wynwood, a recently completed 12-story mixed-use development at 21 Northeast 22nd Street in the heart of the Wynwood Arts District. Architecturally designed by Stantec with interiors envisioned by Mary Cook Associates for developers CIM Group and One Real Estate Investment, the property comprises 257 residential rental apartments, 61,503 square feet of Class A office space and 33,474 square feet of ground-floor retail. Leasing operations and property management are being led by Bozzuto, while Rockhill Management, L.L.C. (Rockhill), is serving as the management team for the commercial and retail components. The building began welcoming it’s first residents in March, with 50% of units already under leases.
