Empira Group Acquires Brickell Development Site, Plans 26-Story Multifamily High-Rise

Swiss real estate investment powerhouse, Empira Group, has made headlines with its recent acquisition of the 901 Southwest 3rd Avenue development site for $21.5 million, previously referred to as Empire Brickell, in the bustling Brickell neighborhood of Miami. This marks the firm’s second foray into greater downtown Miami’s development landscape in just under a year, with the transaction successfully closing on April 17th, 2023. With construction anticipated to begin in the first quarter of 2024, Empira Group envisions a 26-story tower comprising 310 market-rate apartments alongside approximately 2,500 square feet of ground-floor retail space. The project’s completion is slated for 2026.

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Housing Trust Group & AM Affordable Housing Break Ground On Affordable Senior Community in Bradenton

Housing Trust Group (HTG), a national affordable housing developer, has partnered with AM Affordable Housing, a non-profit founded by NBA Hall of Famer and Miami Heat icon Alonzo Mourning, to secure financing and initiate construction on Astoria on 9th. This new $37.4 million, 120-unit affordable housing community in Bradenton will cater to seniors aged 62 and up.

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Demolition Permits Filed For 1016 Northeast 2nd Avenue At Miami Worldcenter

Demolition permits are now in motion for a commercial building formerly serving as the sales center for Paramount Miami Worldcenter. Situated at 1016 Northeast 2nd Avenue, also recognized as the eastern parcel of Miami Worldcenter’s Block A, the demolition project encompasses removing a 26,946-square-foot structure, initially constructed in 1958 and expanded through 1981. The 90,827-square-foot property is poised for transformation. TNG MWC LLC, an affiliate of the New York-based Naftali Group (Naftali), is listed as the applicant of record, with plans to develop a 65-story mixed-use tower on the site.

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