ONE Sotheby’s International Realty’s Development Division is proud to announce the sellout of Adagio Fort Lauderdale, a 10-story boutique condominium building located at 435 Bayshore Drive in Central Beach, Fort Lauderdale. Designed by GarciaStromberg with Interiors by Steven G and developed by Alco International Group, the sold out development yields 31 spacious residences, marking an impressive $75+ Million in sales. The development is located along the widest stretch of Fort Lauderdale’s Intracostal Waterway, reaching completion back in January 2020 with Moss Construction as the general contractor.
Miami’s Jungle Island (formerly known as “Parrot Jungle Island”) closed its doors in light of the Covid-19 pandemic. Plans are also in the works for a 300-room hotel, named “Jungle Island Hotel.”
The development site of an already approved 53-story mixed-use building planned for Downtown Miami was recently sold to a prominent New York City developer. The two parties in the transaction are the seller Downtown 56 LLC, an affiliate of S2 Development, and the buyer Downtown 1st Street LLC, an affiliate of Long Island-based Lions Group NYC. The 16,718-square-foot site traded hands for $10 million, and that includes the addresses 56 Southwest 1st Street and 65 Southwest 2nd Street, including the air rights to the adjacent city-owned parking structure at 70 Southwest 1st Street. Lions Group NYC intends to follow through with the existing plans for the new building.
1625 Ocean Delray Beach is one step closer to completion, reports the South Florida Business Journal. U.S. Construction, the site’s owner, obtained a $44.65 construction loan, which will aid in the building’s development.
Miami’s Planning Department and Office of Zoning has received an application from real estate developer Mast Capital proposing to build three new mixed-use skyscrapers in Brickell. The plans call for the construction of two 56-story towers and a 74-story tower in the western perimeters of the district. The project would be built on the site of two former developments that never came to fruition primarily addressed as 1420 South Miami Avenue, bounded by Southwest 14th Street on the north and Southwest 14th Terrace on the south with Southwest 1st Avenue to the west. Iris Escarra of GreenbergTraurig is representing the developer in the filing.