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E11EVEN Residences Beyond Breaks Ground Following $262M Construction Loan

Property Markets Group and E11EVEN Partners have secured a hefty $262 million construction loan and turned the first dirt on their second tower, E11EVEN Residences Beyond. This significant step forward paves the way for adding a remarkable 700-foot, 65-story skyscraper to Miami’s skyline, set to rise at 90 Northeast 11th Street in District 11 at Park West. Sieger Suarez Architects design the project, which will contain 550 residential units featuring interior design by AvroKO. John Moriarty & Associates is the general contractor.

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New Renderings Emerge of Hyatt And Gencom’s Planned Miami Riverbridge Development In Downtown Miami

New renderings have surfaced for Miami Riverbridge, an ambitious, three-tower mixed-use venture designed by Arquitectonica to redefine Downtown Miami at 400 Southeast 2nd Avenue. The colossal development will rise from the grounds of the existing Hyatt Regency Miami and James L. Knight Convention Center, making way for a new era in Miami’s real estate landscape. Hyatt Hotel Corporation and Gencom are the developers.

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Terra Acquiring Former Miami Herald Site From Genting Group For $1.225 Billion, Plans Waterfront Transformation

SmartCity Miami LLC, an investment group led by Miami-based Terra and its CEO, David Martin, has finalized terms for acquiring a 15.5-acre development site on Biscayne Bay in Downtown Miami. The group will purchase the site, previously home to the Miami Herald newspaper offices, from its owner, Genting Group, for $1.225 billion. The site is the largest undeveloped waterfront property in Miami’s urban core, midway between Miami Beach and Miami International Airport. It offers over 800 feet of direct frontage along Biscayne Bay and is adjacent to Miami’s Museum Park, the Adrienne Arsht Center for the Performing Arts, and the Metromover transit system. The closing is set to take place later this year.

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The Julia Tops Off At 1625 Northwest 20th Street In Allapattah, Miami

Neology Life Development Group (Neology), led by Lissette Calderon, has officially topped off construction of “The Julia,” a  14-story, $100 million residential tower at 1625 Northwest 20th Street that will deliver 323 one- and two-bedroom apartments to Miami’s Allapattah neighborhood in downtown Miami in February 2024. The development, design, and construction team members, including JAXI Builders, Inc., Behar Font & Partners, interior designer designBAR, and landscape architect Witkin Hults + Partners, gathered on Friday, March 31, 2023, to commemorate the milestone in construction.

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