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Jay Roberts, CEO of Miami Beach-based Prosper Group, is in contract to acquire three prime parcels totaling one acre along the Miami River, adjacent to Brickell City Centre. The properties, located at 66 SW 6th Street, 625 SW 1st Avenue, and an additional riverside site, were purchased from 99SW7 Holdings LLC, a joint venture between Newgard Development Group and Two Roads Development. Prosper Group, which is finalizing a joint venture with a partner who remains confidential for now, is leading the off-market transaction, which is slated to close in the first quarter of 2026.

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.