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MRP6. Courtesy of KAR Properties.

KAR Properties Unveils Renderings For Two New Skyscrapers Planned For Downtown Miami

Renderings have been unveiled for two new skyscrapers from KAR Properties in Downtown Miami tentatively known as MRP5 and MRP6. The images recently appeared on the developer’s website, referred to as ‘State-of-the-art’ towers; one with multifamily residential units and retail, and the other an office building. The unveiling of the two new towers corresponds with the announcement of the relaunch of One River Point luxury condominium complex  back in May, mentioning two additional phases to be added to the project. MRP5 and MRP6 are expected to rise on land already owned by KAR Properties, possibly addressed as 82 Southwest 3rd Street and 50 Southwest 3rd Street.

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M Tower. Designed by Zyscovich Architects.

Lions Group NYC Purchases Development Site Of Planned 53-Story M Tower In Miami

The development site of an already approved 53-story mixed-use building planned for Downtown Miami was recently sold to a prominent New York City developer. The two parties in the transaction are the seller Downtown 56 LLC, an affiliate of S2 Development, and the buyer Downtown 1st Street LLC, an affiliate of Long Island-based Lions Group NYC. The 16,718-square-foot site traded hands for $10 million, and that includes the addresses 56 Southwest 1st Street and 65 Southwest 2nd Street, including the air rights to the adjacent city-owned parking structure at 70 Southwest 1st Street. Lions Group NYC intends to follow through with the existing plans for the new building. 

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Construction Ongoing at Shoppes of Bougainvillea Phase II at 1392 Southwest Bougainvillea Avenue, Port Saint Lucie, FL, 34953

Construction is ongoing on Shoppes of Bougainvillea Phase II. The one-story shopping center began construction back in November 2020. The venture has been in the works since 2017, according to the Port Saint Lucie City Council. Comprising 12,690 square feet of new construction, the venture intends to bring in more tax revenue, as well as create new jobs.

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