Residential

Waldorf Astoria Hotel & Residences Secures Record-Breaking Construction Loan and Reaches Major Milestone in Downtown Miami

8:00 am on June 23, 2024 By Oscar Nunez

The Waldorf Astoria Hotel & Residences, a nearly 100-story luxury tower set to rise at 300 Biscayne Boulevard in Downtown Miami, has secured a historic $668 million construction loan, the largest ever for a residential condominium development in Florida. The project, developed by PMG, Greybrook, Mohari Hospitality, S2 Development, and Hilton, achieved this financing milestone with Bank OZK and Related Fund Management providing the funds.

Developers Propose 57-Condo ‘299 Minorca’ for 299 Minorca Avenue, Coral Gables, FL

7:00 am on June 23, 2024 By Colt Dodd

Two developers have proposed an eight-story mixed-use venture in Coral Gables. The prospective tower, dubbed “299 Minorca,” would comprise 58,572 square feet of new construction.

Miami Riverbridge Gains Unanimous Approval from City of Miami Urban Development Review Board

8:00 am on June 22, 2024 By Oscar Nunez

The redevelopment plans for Downtown Miami’s Hyatt Regency site have received unanimous approval from the City of Miami Urban Development Review Board. The updated project plans for Miami Riverbridge, presented by Hyatt Hotels Corporation and Miami’s Gencom under HRM Owner, LLC, were approved without any conditions at the board hearing. Construction is expected to begin in 2026, with an anticipated opening in 2030.

Luxury ‘Sunset Palms Luxury Townhomes’ to Start Construction at 375 13th Street North, St. Petersburg, FL

7:00 am on June 22, 2024 By Colt Dodd

Construction is expected to start soon on Sunset Palms Luxury Townhomes, a five-unit complex in one of St. Petersburg’s historic neighborhoods. The upscale three-bedroom residences will span 1,950 square feet.

Plans Submitted for Grove Village Bimini Block Project in Coconut Grove

8:00 am on June 21, 2024 By Oscar Nunez

Grove Bimini Nassau QOZB, LLC, managed by Sankesh Abbhi of Miami-based private equity firm Abbhi Capital, has submitted plans for the Grove Village Bimini Block Project to the City of Miami’s Urban Development Review Board (UDRB). The proposed project, encompassing the addresses 3410 and 3428 Hibiscus St, 3509/3521/3547/3551/3559/3575 and 3587 Thomas Avenue, and 3520/3522/3530/3560 and 3574 Grand Avenue in Miami, aims to modify the existing Major Use Special Permit (MUSP) approved by the City of Miami Commission in 2011. The UDRB is scheduled to review this submittal today.

29-Condo ‘The Owen Golden Gate Point’ Begins Construction at 325 Golden Gate Point, Sarasota, FL

7:00 am on June 21, 2024 By Colt Dodd

The Owen Golden Gate Point is undergoing construction in downtown Sarasota. Upon completion, the 20-story building will comprise 29 condos starting in the upper $2 millions.

Three-Tower Development ‘Miami Riverbridge’ in Downtown Miami Submitted for UDRB Review

8:00 am on June 20, 2024 By Oscar Nunez

Hyatt Hotels Corporation and Miami’s Gencom, under the HRM Owner, LLC, have submitted plans for Miami Riverbridge to the City of Miami’s Urban Development Review Board (UDRB). The proposed development, located at 298, 300, 330, and 400 SE 2 Avenue, aims to transform the current site of the James L. Knight Center, the Miami Convention Center, the Miami Conference Center, and the Hyatt Regency Hotel into a cohesive mixed-use complex.

City to Consider Plans for ‘the Mosaic at Douglas Road’, Located at 3700 S.W. 28th Street, Miami, FL

7:00 am on June 20, 2024 By Colt Dodd

Today, Miami’s Urban Development Review Board will review plans for an eight-story residential housing complex west of Douglas Park. If brought to fruition, the Mosaic at Douglas Road would comprise just over 268,500 square feet of new construction.

Terrazul Student Housing at FIU Receives Temporary Certificate of Occupancy

8:00 am on June 19, 2024 By Oscar Nunez

Temporary Certificate of Occupancy (TCO) has been approved for Terrazul, a new student housing development for Florida International University (FIU). Developed by AARE Sunbelt, an affiliate of Adam America Real Estate, and JW Capital Management, the project is located at 700 Southwest 107th Avenue in the University City district. Coastal Construction Group served as the general contractor, and Niles Bolton Associates is the architect.

‘The Wyn Mood C’ to Offer 72 Apartments at 107, 121, and 127 N.W. 31st Street, Miami, FL

7:00 am on June 19, 2024 By Colt Dodd

Miami’s Urban Development Review Board will review plans for a low-rise residential venture: The Wyn Mood C. If given the greenlight, the four-story building would comprise 53,401 square feet of new construction.

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