Florida YIMBY

Last Prime Waterfront Development Site In Brickell Where Two Supertalls Were Planned Sells For A Record-Breaking $363 Million

8:00 am on April 22, 2022 By Oscar Nunez

Florida East Coast Realty (FECR), the developer behind Miami’s current tallest skyscraper, the 85-story Panorama Tower, has sold the last remaining prime waterfront development site in Brickell for a record breaking $363 million to 1201 Brickell Bay LLC, managed by Randall Davis in Chicago. FECR, led by real estate visionary Tibor Hollo and his family, held ownership of the property since around October 2000, which according to city records was originally purchased for $15.5 million. The property is addressed as 1201 Brickell Bay Drive, a 2.5-acre site bound by Southeast 12th Street on the north and Brickell Bay Drive on the west intersecting Southeast 12th Terrace. In 2016, FECR along with Corigin Real Estate Group and McCourt Global properties, announced plans for two 1,049-foot supertall mixed-use towers with 660 units designed by Foster + Partners dubbed ‘The Tower by Foster + Partners’, but those plans were never realized.

Cornerstone To Offer 15 Luxury Units at 50 South US Highway One, Jupiter, Florida

7:00 am on April 22, 2022 By Colt Dodd

Cornerstone is a new residential development unfolding in Jupiter, Florida. The luxury development will offer 15 units in a five-story building, with each home measuring 2,000 to 4,000 square feet each.

Fortune International Group And Blue Road Launch 15-Story Nexo Residences In North Miami Beach

8:00 am on April 21, 2022 By Oscar Nunez

Fortune International Group, one of South Florida’s preeminent leaders in residential real estate development, in partnership with Bay Harbor Islands-based Blue Road, have launched Nexo Residences, a 15-story residential building planned for 13899 Biscayne Boulevard in North Miami Beach. Designed by Frankel Benayoun Architects Inc. with consultation from internationally-renowned architect Carlos Ott and Urban Robot Associates handling landscaping and interiors, the structure will yield 254 move-in ready condominium residences with short-term rental capability, one of the first of this kind for North Miami Beach. The developers, who are reportedly under contract to purchase the property, hope to break ground later this year on the triangular 1.74-acre site, bound by Northeast 139th Street on the north, Biscayne Boulevard on the west, Highland Drive on the south and Northeast 20th Place on the east. Fortune Development Sales is exclusively handling sales and marketing, with units starting from $400,000.

SeaGlass Jupiter Island To Open in Fall 2022 at 1500 Beach Road, Tequesta, Florida

7:00 am on April 21, 2022 By Colt Dodd

SeaGlass Jupiter Island is scheduled to open in Fall 2022. Construction started on the venture in December 2020. The complex will measure 10 stories above grade and comprise 21 residences, featuring three-bedroom to four-bedroom units.

The Ritz-Carlton Residences, Estero Bay Announces $150 Million In Sales Within 14 Days, New Renderings Unveiled

8:00 am on April 20, 2022 By Oscar Nunez

The Ritz-Carlton Residences, Estero Bay, a residential development coming to one of Southwest Florida’s last available stretches of waterfront within 500 acres of lush lands, reaches a new milestone upon selling $150 million of inventory in just 14 days after the official launch of the first tower with 112 units. Designed by globally-acclaimed architecture firm Arquitectonica and developed by London Bay Development Group, the highly anticipated project is comprised of two 22-story towers containing a combined 224 distinguished residences featuring interiors by Meyer Davis. Ground breaking is expected to occur later this year, aiming for completion in 2025.

216 Apartments Undergo Construction Near Tyndall Air Force Base in Mexico Beach, FL

7:00 am on April 20, 2022 By Colt Dodd

Tyndall Air Force Base, located in Mexico Beach, Florida, is undergoing a multi-billion-dollar renovation that will transform the base into “the base of the future.” Part of that initiative includes a master-planned community that will eventually offer over 900 homes. The first phase will offer 216 apartments.

Gamla Cedron Group Files Plans For Phases Two And Three Of Flagler Oasis Project In Little Havana

8:00 am on April 19, 2022 By Oscar Nunez

Miami’s Urban Development Review Board (UDRB) will consider proposals for the second and third phases of Flagler Oasis, a multi-building mixed-use development underway in the heart of Little Havana being developed by Aventura-based real estate firm Gamla Cedron Group. With the first phase of the development already under construction and scheduled for completion later this year, phases two and three would bring a 16-story residential tower with 248 dwelling units and an additional 8-story structure containing 70,000 square feet of office space, as well as commercial spaces and integrated parking structures. The project is designed by Coral Gables-based Behar Font & Partners with Witkin Hults + Partners as the landscape architect, and is expected to rise as high as 176-feet or so.

Douglas Enclave Expected To End Construction in Fall 2022 at 61 Northwest 37th Avenue, Miami, Florida

7:00 am on April 19, 2022 By Colt Dodd

Astor Development hopes to end construction on Douglas Enclave by the third quarter of 2022. Construction on the venture began in 2019 and involved demolishing a building.

Miami’s Urban Development Review Board Receives Plans For ‘LIVWRK Wynwood’ Designed By Morris Adjmi Architects

8:00 am on April 18, 2022 By Oscar Nunez

Miami’s Urban Development Review Board has received plans for LIVWRK Wynwood, a mixed-use development proposed for 2400 and 2500 North Miami Avenue in Wynwood. Designed by New York City-based Morris Adjmi Architects with MKDA Florida designing interiors, and developed by Brooklyn-based real estate developer LIVWRK, the proposal is comprised of two buildings on separate parcels of land rising 8 to 12 stories each. The 2400 parcel would consist of 420 multifamily residential units and 59,461 square feet of office space above 29,057 square feet of ground floor commercial space. The 2500 parcel would would be developed as an apartment/hotel with 122 units, atop 8,996 square feet of ground floor commercial space. In total, both buildings would collectively yield 922,466 square feet including 611,855 square feet of residential and amenity space, 100,220 square feet of office and commercial space, and a 210,361-square-foot parking structure for 564 vehicles and 50 racks for nearly 800 bicycles.

One South Ocean Could Arrive at 1 South Ocean Boulevard, Boca Raton, Florida, 33432

7:00 am on April 18, 2022 By Colt Dodd

Palm Beach County, Florida, could soon be home to One South Ocean. The development could comprise two seven-story towers offering 70 units––35 per building. Developers have been planning this project since 2016.

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