Sunrise, FL, will soon be home to a 288-unit luxury garden-style apartment. The 15.5-acre site is presently under construction after securing a $45.8 construction loan back in 2020. The residence is intended to alleviate the housing crisis in the area. In total, the project will cost $55 million to complete.
Miami-based developer Rilea Group, who’s had a long track record of successful real estate projects in South Florida, recently closed on the acquisition of a prominent 1.5 acre piece of property that will allow for the construction of MOHAWK at Wynwood, a 12-story mixed-use building set to rise at 50 Northeast 29th Street in Wynwood near the border with Edgewater. Bounded by NE 28th St. to the south with N. Miami Ave. to the west, project is expected to yield 225 apartment rentals, 22,000 square feet of retail space, and 3,500 square feet of rentable private office space.
The Federal Aviation Administration has granted approvals for the installation and use of four tower construction cranes at 601 Northeast 1st Avenue, the address for the upcoming NATIIVO, a 51-story, 588-foot-tall mixed-use skyscraper set to rise on the northeast corner of NE 1st Avenue and NE 6th Street in Downtown Miami. The tower is designed by Arquitectonica with interiors being handled by Urban Robot Associates, and developed by Sixth Street Miami Partners LLC which is owned by the Galbut Family. The tower is expected to yield 932,839 square feet of space and intends to service the home-sharing and short-term-rental industry.
Flamingo Cove is the working name of a new mixed-use development that’s underway in Homestead, FL. Presently, it is seeking zoning variances, per the Construction Journal. The $10 million project will provide affordable housing to those living in South Florida. Its completion date was not known at the time of publication.
You’ve never seen a Target or Aldi quite like this––at least in South Florida. Presently, Swerdlow Group is overseeing the development of a mixed-use retail and residential space coming soon Overtown, Miami. Instead of building a one-story, traditional shopping center and residential area, the singular building will tower 19 stories.
