Naftali Group Breaks Ground On 67-Story JEM Private Residences At Miami Worldcenter

8:00 am on April 11, 2024 By Oscar Nunez

Naftali Group has officially broken ground on JEM Private Residences, a 67-story condominium development located at 1016 Northeast 2nd Avenue in Miami Worldcenter. Designed by the Miami-based architecture firm Arquitectonica and the New York City-based interior design firm Rockwell Group, the building will rise over 700 feet and feature 259 condo units on the upper levels, 530 multi-family units on the lower levels, ground-floor commercial space, and 591 parking spaces. The development has swiftly moved from market entry to construction commencement in under five months, establishing a record pace for South Florida. This marks a significant milestone in Naftali Group’s expansion into Florida, as JEM Private Residences aims to set a new standard for quality in the region. OneWorld Properties is the exclusive brokerage, with Coastal Construction as the general contractor. DeSimone Consulting Engineering is the structural engineer, and MG Engineering D.P.C. is the MEP engineer.

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Forté on Flagler and City of West Palm Beach Announce West Palm Beach Art Walk, Featuring City’s First All-Female Sculpture Installation”

8:00 am on April 10, 2024 By Oscar Nunez

Forté on Flagler, in collaboration with the City of West Palm Beach, has announced the upcoming West Palm Beach Art Walk, a public art initiative. The project, developed along the West Palm Beach waterfront, includes a partnership with the Norton Museum of Art for the temporary exhibition of two sculptures out of three designated for the art walk, with installations set to be completed by the first quarter of 2025.

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Forman Capital Funds $54.56 Million Construction Loan for Condominium-Hotel Development in Miami’s Financial District

8:00 am on April 9, 2024 By Oscar Nunez

Forman Capital, a private direct real estate lender based in Palm Beach County, Florida, provided a $54.56 million construction loan to the developer of a condominium-hotel project in Miami’s Brickell Financial District. The 12-story, 172-unit Domus Brickell Park, designed by Zyscovich Architects with Urban Robot Associates as the interior designer, will bring a new condo-hotel brand, Domus FLATS (Flexible Apartments for Temporary Stays), to the market and fill a void for flexible ownership product.

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