Our sources note that developers secured a $340 million construction loan for the Ritz-Carlton Residences, Palm Beach Gardens. The 11-acre venture will offer three-bedroom to five-bedroom units, measuring about 2,700 square feet to 5,000 square feet each.
Plans have been filed for 2100 North Miami Avenue, a proposed 12-story mixed-use development in Miami’s Wynwood neighborhood. Designed by Arquitectonica with landscape architecture by Urban Robot Associates and developed by Houston-based Bazbaz Development under the Wynwood Owner, LLC, the project encompasses approximately 503,000 square feet of space and features a diverse building program. The development would include 339 residential units totaling 272,087 square feet, 25,653 square feet of retail space, 18,713 square feet of amenities, and 407 on-site parking spaces spread across seven levels. Standing 202 feet tall, the project caters to the needs of residents in an area well-served by transit and transportation options, aligning with the vision for the Wynwood NRD-1 district and introducing much-needed residential units to neighborhood.
The Shore Club Private Collection is a luxury, high-end venture slated for Miami Beach, Florida. The multi-million-dollar venture will comprise 49 homes, measuring 1,900 square feet to 10,000 square feet each.
Swire Properties Inc. and Related Companies have started the demolition process for the future site of One Brickell City Centre, soon to be the tallest commercial building in Florida. A special ceremony was held yesterday at 700 Brickell Avenue to mark the occasion, with Miami Mayor Francis Suarez, Swire Properties Inc. President Henry Bott, and Related Companies Chairman and Founder Stephen M. Ross in attendance. The event not only celebrated the progression of this groundbreaking project but also served as a testament to the strength and resilience of Miami’s office market.
The Calta Group, a real estate powerhouse led by brothers Ignazio and Gaetano Caltagirone and Igor Blatnik, recently announced the acquisition of a Coral Gables multifamily development for an impressive $12 million. The 32-unit rental property at 915 Palermo Avenue enjoys a prime location near the iconic Venetian Pool and the historic Biltmore Hotel—two of Coral Gables’ most cherished landmarks.