A joint venture between Merrimac Ventures, Related Urban, and 13th Floor Investments has submitted the sole proposal for the redevelopment of MetroCenter in Downtown Miami. The plan calls for the transformation of 17 acres surrounding the Stephen P. Clark Government Center into a dynamic, transit-oriented district. According to county records, two other prequalified teams chose not to submit by the May 7 deadline, making this joint venture the only contender currently under review.

Construction continues on The Point Surf Park, Florida’s first surf park and the nation’s inaugural Endless Surf lagoon. Located on a 10.5-acre site in Fellsmere, Indian River County, the venture is slated for a 2026 completion.

A joint venture between Related Group, BH Group, and Dezer Development has finalized the $131 million acquisition of the Miami Beach Club, an aging oceanfront condominium property at 19051 Collins Avenue in Sunny Isles Beach, Florida. The development team plans to redevelop the site into a new 150-unit branded luxury condominium tower, which could rise as high as 820 feet, potentially making it the tallest oceanfront residential building in the United States.

Construction has concluded on an affordable housing development for seniors in Fort Lauderdale. Mount Hermon Apartments comprises 104 units, ranging from one-bedroom to two-bedroom layout plans.

A 35-story tower known as Domus Brickell Center is advancing in the heart of Miami’s Brickell district, as the development team recently finalized a utilities agreement with Miami-Dade’s Water & Sewer Department. The agreement, recorded on June 30, 2025, clears the way for groundbreaking and future vertical construction. According to The Next Miami, the upcoming tower is planned to include 579 fully furnished hotel-style units and 3,507 square feet of full-service restaurant space. Designed with short-term rental flexibility in mind, the project is being developed by North Development, a joint venture between Miami-based Oak Capital, led by Ricardo Dunin, and Edifica, a prominent development firm based in Peru.