MRP6. Courtesy of KAR Properties.

KAR Properties Unveils Renderings For Two New Skyscrapers Planned For Downtown Miami

Renderings have been unveiled for two new skyscrapers from KAR Properties in Downtown Miami tentatively known as MRP5 and MRP6. The images recently appeared on the developer’s website, referred to as ‘State-of-the-art’ towers; one with multifamily residential units and retail, and the other an office building. The unveiling of the two new towers corresponds with the announcement of the relaunch of One River Point luxury condominium complex  back in May, mentioning two additional phases to be added to the project. MRP5 and MRP6 are expected to rise on land already owned by KAR Properties, possibly addressed as 82 Southwest 3rd Street and 50 Southwest 3rd Street.

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ADAGIO Fort Lauderdale. Designed by GarciaStromberg | GS4 Studios.

One Sotheby’s International Realty Announces Sell Out Of ADAGIO Fort Lauderdale At 435 Bayshore Drive

ONE Sotheby’s International Realty’s Development Division is proud to announce the sellout of Adagio Fort Lauderdale, a 10-story boutique condominium building located at 435 Bayshore Drive in Central Beach, Fort Lauderdale. Designed by GarciaStromberg with Interiors by Steven G and developed by Alco International Group, the sold out development yields 31 spacious residences, marking an impressive $75+ Million in sales. The development is located along the widest stretch of Fort Lauderdale’s Intracostal Waterway, reaching completion back in January 2020 with Moss Construction as the general contractor.

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M Tower. Designed by Zyscovich Architects.

Lions Group NYC Purchases Development Site Of Planned 53-Story M Tower In Miami

The development site of an already approved 53-story mixed-use building planned for Downtown Miami was recently sold to a prominent New York City developer. The two parties in the transaction are the seller Downtown 56 LLC, an affiliate of S2 Development, and the buyer Downtown 1st Street LLC, an affiliate of Long Island-based Lions Group NYC. The 16,718-square-foot site traded hands for $10 million, and that includes the addresses 56 Southwest 1st Street and 65 Southwest 2nd Street, including the air rights to the adjacent city-owned parking structure at 70 Southwest 1st Street. Lions Group NYC intends to follow through with the existing plans for the new building. 

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