KAR Properties And Fortune International Group To Co-Develop 66-Story One River Point Designed By Rafael Viñoly

New York developer Shahab Karmely of KAR Properties and Miami developer Edgardo Defortuna of Fortune International Group announced a new partnership to co-develop One River Point, two connected riverfront-facing 66-story residential towers with a combined 300 units planned for 24 Southwest 4th Street in Downtown Miami. Under the One River Point Partners, LLC, the pair purchased the site from the original entity of One River Point, Miami River Project LLC, paying $58.85 million. The parcel enjoys an enviable location in the city’s epicenter, just steps from the Brickell financial district and luxury retail shopping and entertainment center, Brickell City Centre, as well as the major transportation hubs, and within minutes from Miami Beach, the Port of Miami, major international airports, and cultural landmarks such as the Adrienne Arsht Center, American Airlines Arena and Perez Art Museum.

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ZOM Living And NRP Group Complete Sale Of Monterra Rental Community In Cooper City, Florida

ZOM Living, in partnership with NRP Group, has completed the sale of Monterra, an award-winning affordable housing community at 2601 Solano Avenue, Cooper City in Broward County. The 300-unit, garden-style apartment community offers LIHTC income-restricted apartments. The ZOM/NRP partnership also developed nearby Sorrento at Miramar, a 320-unit rental community financed through the federal Low Income Housing Tax Credit Program and various state and county debt financing programs.

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Plans Filed For 1920 Alton Road In Miami Beach, Renderings From Gensler Revealed

An application has been filed requesting Design Review Approval for the construction of a new five-story mixed-use building at 1920 Alton Road in South Beach, Miami Beach. Designed by Gensler and developed by Alton Office Holdings II, LLC, the project would consist of approximately 25,223 square feet of Class A office space, approximately 8,284 square feet of ground floor restaurant space, 13,271 square feet of residential space split across three units, and a screened-in parking garage with 45 spaces on the second level of the building. Kimley-Horn is listed as the landscape architect and civil engineer.

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