In 2019, Absolut Financial Resources purchased a parcel of land for $4.86 million. Now, within 18 months, its latest project will come to fruition. Madison Point is a $36 million complex that boasts “affordable living” for those living in Miami-Dade County.
A 270-unit multi-family project has been proposed to the Planning and Zoning Design Review Committee of Fort Lauderdale at 427 Northeast 1st Avenue in the Flagler Village neighborhood. Encompassing the addresses between 409 – 433 NE 1st Ave., the property spans 10 parcels of land on the eastern side of the interior lot bounded by NE 5th St. to the north, NE 4th St. to the south and N Andrews Ave. to the west. The site is just 4 blocks away from the Brightline Fort Lauderdale train station. ECI Flagler Village LLC, an affiliate company of Edgewater Capital Investments, is the owner of the application.
Renderings and drawings have been unveiled in a presentation to City Commissioners of Miami for the plans to build a commuter rail station along Brightline’s tracks connected to two towers in the Design District. The new station would be built just north of the Interstate 195 and south of NE 39th St., parallel to North Federal Highway, and the towers along Biscayne Boulevard. Miami Design District Associates, a joint venture between Craig Robin’s Dacra and L Catterton Real Estate, is the developer behind the recent presentation, and principal owner of the thriving Miami Design District.
Varadero (also called La Playa de Varadero in some sources) is a luxury condo/hotel that is expected to begin construction sometime in 2022. The project has been underway since 2014, when Fortune International Group and Chateau Group teamed up to build the hotel-condominium in Sunny Isles, FL.
New York City’s KAR Properties and Miami’s Fortune International Group are pleased to announce they have bought out the remaining 81 unit inventory at Reach and Rise Residences at Brickell City Centre, two 43-story luxury residential skyscrapers located at 68 SE 6th St. and 88 SW 7th St. developed by Hong Kong’s Swire Properties.