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UDRB to Review Plans for 39-Story Residential Tower at 2534 North Miami Avenue in Wynwood

8:00 am on July 15, 2024 By Oscar Nunez

Miami’s Urban Development Review Board has received an application for a 39-story multifamily residential tower at 2534 North Miami Avenue in Wynwood. The approximately 437-foot-tall building, proposed by 2534 N Miami Associates, LLC, an affiliate of New York-based Hidrock Properties led by Abraham J. Hidary, is designed by Arquitectonica and will feature landscape design by Gardner + Semler Landscape Architecture. The development aims to rise under the Live Local Act, featuring 463 residential units and 444 parking spaces.

Developer Secures $47.5 Million Construction Loan for ‘Forté Luxe’ at 12450 Crystal Cove Place in Jupiter, Florida

8:00 am on July 10, 2024 By Oscar Nunez

Forté Development has secured a $47.5 million construction loan from 360 Capital Funding for its luxury boutique waterfront community, Forté Luxe, in Jupiter, Florida. The loan, finalized on July 3, 2024, will finance the development of this project. Alfonso Jurado is the architect, Interiors by Steven G. handles interior design, and KAST Construction is the general contractor. Douglas Elliman Development Marketing is the exclusive sales team.

25-Story Residential Tower In Edgewater To Be Named ELLE Residences Miami

8:00 am on June 7, 2024 By Oscar Nunez

ELLE Residences Miami will bear the ELLE name as part of a licensing agreement signed with Lagardère Médias News, owner of the ELLE brand. Designed by Behar, Font & Partners and developed by Urban Network Capital Group (UNCG) and Vertical Developments, the 25-story condo will feature 180 units, with short-term rentals permitted. Through affiliate Residences at 5th Avenue LLC, the developers filed plans earlier this year for the 19,292-square-foot site at 445 and 455 Northeast 36th Street and 3618 and 3630 Northeast Fifth Ave in Edgewater. The site was acquired for $13.5 million in 2023.

Urban Development Review Board Votes In Favor Of Massive Mixed-Use Development In Overtown, Miami

8:00 am on May 21, 2024 By Oscar Nunez

The Urban Development Review Board (UDRB) has voted in favor of a mixed-use development project at 650 Northwest 8th Street and 678 Northwest 7th Street in Overtown, Miami. The planned project, a collaboration between 0101 Miami Properties, LLC, led by Jorge and Jose Mas, and 8th Street Connections Holdings, LLC, an affiliate of Terra, will encompass over 1.8 million square feet., yielding 1,215 residential units, 16,347 square feet of commercial space, and 1,831 parking spaces.

Application Seeking Design Review Approval Filed For Planned Office Building At 1100 5th Street In Miami Beach

8:00 am on May 2, 2024 By Oscar Nunez

An application has been filed seeking design review approval for a new 5-story commercial office building at 1100 5th Street in the South of Fifth neighborhood of Miami Beach. Designed by Eduardo Souta de Moura with Zyscovich Architects serving as the executive architect, and developed by Sumaida + Khurana in partnership with property owners Roslyn and Norton Nesis and Robert and Miriam Weiss of Weiss Properties, the approximate 80-foot-tall structure is planned to yield roughly 101,424 square feet in total size of gross new construction area with a F.A.R. of 65,274 square feet, including 43,797 square feet of office space, 7,142 square feet of indoor and outdoor amenities, 7,204 square feet dedicated to a ground floor restaurant, and 105 parking spaces. The Miami Beach Design Review Board is set to review the application on June 6.

CREI Holdings Secures $67 Million In Construction Financing For ‘ Li’l Abner III’ Affordable Housing Project In Sweetwater, FL

8:00 am on March 27, 2024 By Oscar Nunez

CREI Holdings has secured a $67 million construction loan from Centennial Bank to build an affordable workforce housing mid-rise building at 455 Northwest 114th Avenue in the City of Sweetwater, Miami-Dade County. Construction of Li’l Abner III is set to begin in the second quarter of 2024 and be completed in the second quarter of 2026. Prospective tenants can now register for future leasing opportunities.

BTI Partners Tops Off Construction On ‘The Bread Building’ At 1740 S. Young Circle In Downtown Hollywood

8:00 am on March 23, 2024 By Oscar Nunez

Fort Lauderdale-based BTI Partners has reached a significant milestone with the topping-off of The Bread Building, a 25-story apartment tower at 1740 South Young Circle in downtown Hollywood. The redevelopment of the former Hollywood Bread Building site will bring 362 luxury apartments and 16,000 square feet of retail space to the city’s vibrant heart. Modis Architects is the design architect, Adache Group Architects is the architect of record, and Bliss & Nyitray is the structural engineer Witkin Hults + Partners is the landscape architect, KEITH is the civil engineer, and JALRW Engineering Group is the MEP engineer Civic Construction is the general contractor.

Onyx Housing Group Closes On Land For 159-Unit Multifamily ‘Regatta Point’ In Homestead, Florida

8:00 am on March 18, 2024 By Oscar Nunez

Today Onyx Housing Group, a multifaceted real estate development firm based in South Florida, announced the closing of six land parcels at 16300 Southwest 296th Street in Homestead, Florida. The 150,201 square foot, 3.45 acre-lot was asking $4.95 million and will be the future home of Regatta Point, a $46.5 million-dollar multi-family project. Current Real Estate Advisors’ Alejandro Snyder & Michael Williams represented Onyx Housing Group and Lisa Gonzalez (KW Commercial) represented the sellers, Jeffrey Jay and Ana Maria Butt. Regatta Point is the second south Miami-Dade project by Onyx partners Shadi Shomar & Gonzalo De Ramon. Shomar also leads Miami-based Arte Hospitality, a hotel firm that owns properties including Bentley Hotel South Beach at 510 Ocean Drive in Miami Beach.

36-Unit Vielix 441 Proposed for 2127 North State Road 7, Hollywood, Florida

7:00 am on March 2, 2024 By Colt Dodd

A local South Florida developer hopes to get approval for an eight-story housing development that would offer both two-bedroom and three-bedroom floorplans. Vielix Investments has proposed Vielix 441, which would feature 36 units and measure about 900 square feet to 1,230 square feet each. There would be 73 parking spots (about two per unit).

Housing Trust Group Commences Construction On Senior Housing Community At 18700 NE 25th Avenue In Aventura

8:00 am on February 17, 2024 By Oscar Nunez

Housing Trust Group (HTG), a leading multifamily developer, has commenced construction on Oasis at Aventura, a new $37 Million affordable senior community with 95 apartments in Miami, Florida. The community is the latest joint venture between HTG and AM Affordable Housing, a non-profit founded by NBA Hall of Famer and Miami Heat legend Alonzo Mourning.

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