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Codina Partners Breaks Ground on Sevilla at Downtown Doral, Secures $100 Million Construction Loan

Codina Partners has officially broken ground on Sevilla, a seven-story, 412-unit mid-rise residential tower located in the heart of Downtown Doral. The project marks the latest addition to the 250-acre master-planned community and is positioned to meet growing demand for upscale, amenity-rich living in one of Miami-Dade County’s fastest-growing submarkets.

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Joint Venture Submits Sole Proposal for $10 Billion MetroCenter Redevelopment Plan

A joint venture between Merrimac Ventures, Related Urban, and 13th Floor Investments has submitted the sole proposal for the redevelopment of MetroCenter in Downtown Miami. The plan calls for the transformation of 17 acres surrounding the Stephen P. Clark Government Center into a dynamic, transit-oriented district. According to county records, two other prequalified teams chose not to submit by the May 7 deadline, making this joint venture the only contender currently under review.

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Developers Acquire Miami Beach Club for $131 Million, Plan Branded Condominium Tower

A joint venture between Related Group, BH Group, and Dezer Development has finalized the $131 million acquisition of the Miami Beach Club, an aging oceanfront condominium property at 19051 Collins Avenue in Sunny Isles Beach, Florida. The development team plans to redevelop the site into a new 150-unit branded luxury condominium tower, which could rise as high as 820 feet, potentially making it the tallest oceanfront residential building in the United States.

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