Sumaida + Khurana Announces Plans For Another Office Building In Miami Beach, A First In The Americas By Pritzker Prize-Winning Architect Eduardo Souta de Moura

Internationally recognized real estate development firm Sumaida + Khurana has announced that Pritzker Prize-winning architect Eduardo Souta de Moura will design its new Class A+ office building at the corner of Fifth Street and Alton Road. This is the first building in North and South America for Souta de Moura. Sumaida + Khurana is partnering with property owners Roslyn and Norton Nesis and Robert and Miriam Weiss of Weiss Properties for the project located in Miami Beach’s South of Fifth neighborhood. Aaron Butler of Avenue Real Estate Partners structured the partnership. The design team also includes Zyscovich as the executive architect and Gabellini Sheppard designing the interior architecture. Sumaida + Khurana expects to start construction in 2025, with completion expected in the following year.

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Okan Tower Prepares for Massive 1,200 Truck Concrete Foundation Pour In Downtown Miami

A team of 300 workers, operating in three shifts and utilizing 1,200 concrete trucks, is set to pour the foundation for Okan Tower, a forthcoming 70-story highrise development at 555 North Miami Avenue developed by Okan Group. Positioned to be a new landmark in Downtown Miami’s skyline, the tower is expected to reach 902 feet, making it one of the city’s tallest buildings upon completion in 2027. Okan Tower’s distinct architectural design aims to contribute a defining feature to Miami’s cityscape.

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CREI Holdings Secures $67 Million In Construction Financing For ‘ Li’l Abner III’ Affordable Housing Project In Sweetwater, FL

CREI Holdings has secured a $67 million construction loan from Centennial Bank to build an affordable workforce housing mid-rise building at 455 Northwest 114th Avenue in the City of Sweetwater, Miami-Dade County. Construction of Li’l Abner III is set to begin in the second quarter of 2024 and be completed in the second quarter of 2026. Prospective tenants can now register for future leasing opportunities.

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