Calder Casino is one of the most popular attractions in Miami Gardens, Florida. Now, developers hope to start construction on a $700 million mixed-use venture. Calder Casino Industrial Park will require more than 2.3 million square feet of new construction.
Carpe Real Estate Partners, a vertically integrated real estate private equity and development company, founded by Erik Rutter and David Weitz in 2018, announced a rebrand to Oak Row Equities. The name change comes as the company continues to mature from its launch in 2018 with one property under management to now over three million square feet under development and one billion dollars of assets under management. In addition to the rebrand, Oak Row Equities announced that it has closed on the acquisition of a 2.1-acre site on one of the last remaining undeveloped city blocks in the urban core. The firm acquired 2600 Biscayne Boulevard in Miami’s popular Edgewater neighborhood for $35 million to develop a mixed-use project designed by architecture firm Arquitectonica. Oak Row Equities is one of Miami’s fastest-growing real estate development firms with active projects in Wynwood, North Miami Beach, Edgewater, and the Design District.
Marketplace at Hillsboro in Broward County, Florida, is getting a “facelift.” Established in 1991, the plaza was repossessed and then sold for $10 million in 2016. Now, Investments Limited (the owner) hopes to transform the area into a mixed-used pedestrian-friendly development, offering a post office, daycare center, medical office, and more.
Sixty90 Apartments is headed to St. Petersburg, Florida. The $78.2 million venture could start construction later this year, with completion scheduled for 2023. The development’s website reports that the mixed-use development will measure four stories above grade and yield 204 residential units.
Lincoln Road Property Owner L.P., a joint venture led by an affiliate of Starwood Capital Group, Integra Investments and The Comras Company, has responded to a Request for Proposals (RFP) from the City of Miami Beach with plans to lease a pair of surface parking lots and develop The Gardens at Lincoln Lane, a low-rise mixed-use development that will comprise just under 130,000 square feet of Class A office space, 25,000 square feet of street-level retail, and more than 425 easily accessible parking spaces. The project is designed by Brandon Haw Architecture, along with West 8 Urban Design & Landscape Architecture, and will occupy a 1.1-acre lot at 1080 Lincoln Lane North and a 0.9-acre lot at 1680 Lennox Avenue in the Lincoln Road District.
