Switzerland-based real estate investment firm Empira Group acquired a rare 0.53-acre development site west of Brickell that consists of two vacant aged apartment buildings at 3025 and 3051 Southwest 3rd Avenue. The developer has plans to build an 8-story mid-rise multifamily project in “The Roads” neighborhood to satisfy the area’s rising demand for housing fueled by businesses relocating to Miami’s urban core. Designed by Revuelta Architecture International, CoralGrove is planned to yield 85 residential units in a mix of one-, two- and three-bedroom floor plans and 900 square feet of ground floor retail. Empira closed on the acquisition of the sites on August 29th, aiming to break ground in the second half of 2023 and deliver the project in 2025.
Construction started on Deco Green in August 2022. The $29 million mixed-use venture will offer more than 120 apartments and nearly 8,000 square feet of retail space. Sources also note that there will be a 272-space parking lot.
Demolition and plumbing permits have been issued to Miami Gardens-based developer NR Investments for 1455 North Miami Avenue, where a 31-story mixed-use tower is planned. The 321-foot-tall structure is designed by Corwil Architects, and is planned to include 398 rental apartments, 8,539 square feet of retail space and a parking garage for 451 vehicles. The developer, under the 14th Street Development LLC, assembled the 49,800-square-foot site over the past decade, located between North Miami Avenue and Northeast Miami Court, with Northeast 14th and 15th Streets on the north and south. The project is officially addressed as 31 Northeast 14th Street, located in the Arts & Entertainments District.
Strazzera Village Planned Development (known in some documents as “VPD”) is unfolding in Sarasota, Florida. The venture will comprise 1,021 homes on a 439-acre lot, according to Sarasota County records. That’s about 2.29 homes per acre.
ZOM Living, in a joint venture partnership with Mattoni Group, Scout Capital and AEW Capital Management, announced the completion of the first phase of the transformative development MiLine Miami. Phase one includes the delivery of 338 luxury, mid-rise apartments, 4,600 square feet of retail space featuring a brewery and two restaurants, and 1,300 linear feet of the Ludlam Trail for residents and the broader community to enjoy outdoor recreational activities such as walking, biking and hiking. MiLine Miami is designed by MSA Architects with interiors by Meshberg Group and landscaping from Naturalficial. HSQ Group is the civil engineer and Kaufman Lynn Construction is the general contractor.