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.
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.
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.
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, 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.
