MG Developer has closed a $23 million refinancing loan for the five-story, 176-key Regency Miami Airport by Sonesta, located at 1000 NW 42nd Avenue in Miami. The loan was secured through Interaudi Bank, a New York-based financial institution active in commercial real estate lending nationwide.
Florida YIMBY has an update regarding a boutique housing project we covered back in September 2024. At the time of publication, our report shared that Backstreet Capital had secured approval for The Cade from the St. Petersburg Development Review Commission.
A shoreline development review application has been filed with Miami-Dade County for a waterfront residential development at 8000 East Drive in North Bay Village. Submitted on February 6, 2026, the filing covers the bayfront parcels at 8000 East Drive and the adjacent 7946 East Drive site on Harbor Island, and outlines plans for a two-tower condominium development rising 498 feet, with each structure reaching 43 stories and yielding a combined 364 condominium residences ranging from one- to four-bedroom layouts, supported by an attached parking structure with approximately 800 parking spaces.
Developer Graham Cos. has presented new plans for an apartment complex in Miami Lakes. Previously, in September 2024, the firm wanted to proceed with the Lakeside apartments – and before that, hoped to collaborate on a senior living venture with Miami Jewish Health. Yet, those plans never came to fruition
Construction has officially commenced at Prescott Estates, a boutique single-family waterfront development rising on a 1.4-acre site within Miami’s historic Bayside District. The project will introduce five waterfront residences along approximately 345 linear feet of open bay frontage overlooking Biscayne Bay, Downtown Miami, and Miami Beach.
