Florida YIMBY

Major Biscayne 79 Site Sells For $23M, Paving Way For Mixed-Use Development In Miami

8:00 am on May 20, 2023 By Oscar Nunez

Avison Young’s Florida Capital Markets Group has brokered the sale of a pivotal development opportunity at 7880 Biscayne Boulevard, Miami, known as Biscayne 79. The property, spanning an impressive 3.5 acres, was formerly occupied by the Immigration and Naturalization Service. The transaction was made under the guidance of court-appointed receiver Michael Goldberg and has garnered a selling price of $23 million.

Developers Seeks Approval for McCoys Landing at 101 Myrtle Ave. S., Jacksonville, Florida

7:00 am on May 20, 2023 By Colt Dodd

McCoys Landing is just one step closer to getting approval in Jacksonville, Florida. The seven-story complex will offer 275 units on a two-acre build site.

Witkoff Group Signs Utility Deal For 700 N. Miami Avenue Site At Miami Worldcenter

8:00 am on May 19, 2023 By Oscar Nunez

Witkoff Group, the New York-based development powerhouse, is making steady strides toward transforming the former site of the Miami Arena. This prime real estate, nestled within the heart of the vibrant Miami Worldcenter, is preparing to welcome three towers spanning as many as 57 floors, marking a testament to the city’s evolving architectural landscape.

Sirata Beach Resort to Undergo Expansion at 5300 Gulf Blvd., St. Pete Beach, Florida

7:00 am on May 19, 2023 By Colt Dodd

Lovers of St. Petersburg, Florida, will be delighted to learn that Sirata Beach Resort is moving ahead with a massive multi-million-dollar expansion. The Kentucky-based Columbia Sussex purchased the 13-acre property for $207 million in 2022––one of the most expensive hotel acquisitions in Pinellas County.

MGM Construction Group Commences Construction On Oasis Hallandale Towers

8:00 am on May 18, 2023 By Oscar Nunez

South Florida’s renowned commercial and residential firm, MGM Construction Group, has announced the commencement of construction on Phase 3 of the highly anticipated 10.8-acre Oasis Hallandale project in Hallandale Beach. The project, developed by Hallandale Oasis 2019 LLC, led by Giuseppe Iadisernia, and spearheaded by MGM as the general contractor, is set to bring a two-tower, mixed-use asset to the South Florida skyline.

Advantis Vivere Planned for 660 Starratt Road, North Jacksonville, Florida

7:00 am on May 18, 2023 By Colt Dodd

Prospect Real Estate Group has secured approval for Advantis Vivere, a 300-unit apartment complex in Jacksonville, Florida. The project itself comprises 364,197 square feet of new construction.

Cymbal DLT Companies Secures $95 Million Financing For Waterfront Oasis Pointe Residences In Dania Beach

8:00 am on May 17, 2023 By Oscar Nunez

Cymbal DLT Companies, a Miami-based real estate development and construction firm, has secured a $95 million loan from an undisclosed senior lender and Related Fund Management. The loan is intended for Oasis Pointe Residences, a 301-unit multifamily complex designed by CES Design Group located at 150 South Bryan Road in Dania Beach, a significant part of the Cymbal DLT Collection of communities throughout South Florida.

The Sarasota Orchestra Plans for Performing Arts Center at 5701 Fruitville Road, Sarasota, Florida

7:00 am on May 17, 2023 By Colt Dodd

The Sarasota Orchestra recently purchased a vacant 32-acre parcel in Sarasota County. The project will host one of four acoustic music halls in the state, featuring 1,800 seats and ceilings measuring 110 feet high.

Related And Merrimac Secure $94.2 Million To Construct The Crosby At Miami Worldcenter

8:00 am on May 16, 2023 By Oscar Nunez

The Related Group and Merrimac Ventures have successfully secured a substantial $94.2 million in funding for the vertical construction of The Crosby, which is poised to add more density to the ongoing developments at Miami Worldcenter. The residential tower is set to ascend 33 stories high and is expected to top off at around 377 feet above ground, or 390 feet above sea level, according to building permits filed with the FAA in January. The Arkansas-based Bank OZK provided the loan to DT G Block LLC, a joint venture entity affiliated with the developers. Cohen Freedman Encinosa & Associates and AVRO|KO is in charge of the architectural design and interiors of the project, respectively. The Crosby, which broke ground earlier this year, is slated to offer 450 fully furnished, ready-to-rent residences and 3,370 square feet of retail space on the ground floor.

Developer Proposes 322 Residences at 4100 N. Hills Dr., Hollywood, Florida, 33021

7:00 am on May 16, 2023 By Colt Dodd

PPG Development hopes to rezone part of The Club at Emerald Hills and transform 36.8 acres into a residential complex. In 2020, the developer initially proposed 486 units. However, recent plans call for 322 residences, including 252 condos, 40 townhomes, and 30 villas.

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