Rental


333 Jefferson Avenue. Courtesy of the Susan Gale Group.

24-Unit Multi-Family Property To Be Converted To Boutique Apartment Hotel At 333 Jefferson Avenue In South Beach

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.

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Merrick Towers. Designed by Atelier305.

20-Story Merrick Towers Proposed For 3898 Shipping Avenue Near Coconut Grove, Miami

The City of Miami’s Urban Development Review Board has received an application seeking warrants, waivers and approvals for the development of Merrick Towers, two 20-story mixed-use buildings that will yield a combined 387,568 square feet of space at 3898 Shipping Avenue. Designed by Atelier305 and developed by 3898 Shipping Avenue LLC, the two structures will rise to approximately 226-feet, and will consist of 268 residential units, 32,300 square feet of office space and 6,342 square feet of ground floor retail. The property is located near Coconut Grove at the intersection of Shipping Avenue and Southwest 39th Avenue, and is within walking distance of the Douglas Road Metrorail Station and the Shop at Merrick Park.

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