Gridline Properties, a leading South Florida commercial real estate brokerage, announces the sale of 1426-1486 Skees Road in West Palm Beach for $16 million to Alliance Partners HP, LLC, an eponymous enterprise for the Bryn Mawr, Pennsylvania-based commercial real estate investment firm, which also has an office in Fort Lauderdale. The 8.26-acre property just West of Florida’s Turnpike is comprised of nine industrial buildings totaling 73,130 square feet, sold by GC Skees Industrial LLC. Yonatan Missika of Gridline Properties represented both sides of the deal, marking one of the highest price-per-square-foot trades in the county at $217-per-square-foot.
MG Developers hopes to start construction on Merrick Parc, a multi-million-dollar residential complex in Miami, Florida. It purchased the 43,785-square-foot site for $19 million. If approved, the development will offer two 20-story buildings.
Developers Fortune International Group and Oak Capital are pleased to announce the grand opening of the over 4,000 square foot beachfront sales gallery for The Ritz-Carlton Residences, Pompano Beach, a dual-tower property of 14 and 32 stories designed by Revuelta Architecture International. The development will offer 205 thoughtfully-designed residences with interiors by world-renowed designer Piero Lissoni, over 35,000 square feet of curated amenities and the legendary Ritz-Carlton service. Located at 1380 S. Ocean Blvd, the sales gallery provides a glimpse of the truly unique residential experience prospective buyers can anticipate with a model kitchen, model bathroom and a gorgeous outdoor deck with a fire pit and private beach area. Fortune International Group is the exclusive sales and marketing team.
Developers hope to move forward with the Evergreen Townhomes, a multi-million-dollar residential development. Right now, the venture’s still in its infancy. However, when completed, it’ll offer 40 units across seven two-story buildings.
The Federal Aviation Administration (FAA) received building permit applications for a 294-foot-tall building to be constructed in the emerging Magic City Innovation District. Coordinates listed in the filings align with a 25-story residential tower at 6001 Northeast 2nd Avenue designed by Arquitectonica that was unanimously approved by Miami’s Urban Development Review Board (UDRB) back in November 2021. Parcel 11, the current naming scheme for the project, is proposed to bring 522,806 square feet of space including 349 luxury residential units, 13,010 square feet of retail space, and an adjacent connected parking and amenities structure with 393 vehicle spaces. The developer is MCD Miami LLC, a joint venture partnership between real estate developer Plaza Equity Partners, brokerage firm Metro 1, and investment firms Luna Rouge and Dragon Global.