The City of Miami Beach Planning Board and the Historic Preservation Board have approved the redevelopment of Haddon Hall, a 1940s-era hotel that’s currently operating as Axel Beach Miami-South Beach. The organizations unanimously gave Keyah Real Estate Group’s plans the greenlight for a seven-story, 262-room hotel.
Miami-based developers Rilea Group and Ciprés have closed on a $2.4 million sale for a 1,704-square-foot retail space at The Rider Residences, a 12-story, 146-unit condominium planned at 94 NE 29th Street at the intersection of Midtown and Wynwood. The sale price equates to $407 per square foot, marking the second-highest retail sale price per square foot in the area, following The Rider’s own $1.19 million sale of a 702-square-foot space at $1,700 per square foot—a record for the neighborhood.
Construction on X Tampa, a 29-story apartment tower in downtown Tampa, is expected to restart after resolving financial disputes that left the project dormant for over a year. Developer X Co., based in Chicago, has secured new financing to settle outstanding claims and move the development forward.
Gravel Road Partners is moving forward with a 23-story building that will include 218 homes and retail space in St. Petersburg, FL.
Terra has officially broken ground on Upland Park, a $1 billion mixed-use community that will transform the Dolphin Park-and-Ride Transit Terminal Facility into a 47-acre, transit-oriented development. Conceived in partnership with Miami-Dade County, the project will bolster public transit ridership while anchoring the new East-West Corridor of the County’s SMART public transportation plan. Miami-Dade County and Terra commemorated the start of construction with a formal groundbreaking ceremony at the site.
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