Commercial

Coral Gables Experiences Boom In Transit-Oriented Construction Projects Near Douglas Road Metrorail Station

8:00 am on December 30, 2021 By Oscar Nunez

Miami’s Coral Gables neighborhood has been experiencing an uptick in active transit-oriented residential, office and mixed-use construction projects. Architectural designer and urban planner Aaron DeMayo recently photographed the area from above, capturing the immense amount of on-going construction and recently completed developments surrounding the Douglas Road Metrorail Station parallel to South Dixie Highway (US Highway 1) between Southwest 37th and 38th Avenues. Below are a number of relative major projects in the area varying in stages of construction, as well as a few that were recently completed.

Mast Capital Purchases Prime 2.8-Acre Development Site In Brickell To Build Three Luxury Mixed-Use Towers

8:00 am on December 28, 2021 By Oscar Nunez

Miami-based developer Mast Capital has acquired the 2.8-acre vacant development site addressed as 1420 South Miami Avenue for $103 million from Rega Center Miami Holdings. The site is located on the southern edge of the Brickell Central Business District and represents one of the last remaining raw parcels of land available zoned for rapid transit-oriented high-density development in the area. The developer submitted site plans for a massive master-planned project yielding 2.6 million square feet across three soaring towers, including an 80-story luxury condominium tower with 400 residences, and two multifamily towers of 50 and 60 stories with a combined total of 850 luxury apartments. Mast Capital partnered with private equity real estate firm Rockpoint for the acquisition, the third joint venture between the two firms this year.

Legacy Hotel & Residences. Designed by Kobi Karp.

Royal Palm Companies Secures $340 Million In Construction Financing For Legacy Hotel & Residences

7:30 am on December 14, 2021 By Oscar Nunez

Dania Beach-based real estate developer Royal Palm Companies has landed a massive $340 million construction loan from New York City-based Silverstein Capital Partners for Legacy Hotel & Residences, a 51-story mixed-use building planned for 938 Northeast 1st Avenue within the 27-acre Miami Worldcenter master-planned development. The loan marks the third largest financing package executed in the state of Florida, and will allow for the vertical construction of the 690-foot-tall structure projected to yield nearly 1 million square feet. Renowned Miami architect Kobi Karp designed the modern Art-Deco inspired tower, and will feature interiors by ID & Design International.

Waldorf Astoria Miami. Rendering courtesy of ArX Solutions USA LLC.

Waldorf Astoria Residences Miami Unveils Sky Collection

8:00 am on December 13, 2021 By Oscar Nunez

The developers of Miami’s upcoming first supertall skyscraper have unveiled the Sky Collection of residences at the Waldorf Astoria Hotel & Residences, a 1,049-foot-tall mixed-use development planned to rise 100 stories at 300 Biscayne Boulevard in Downtown Miami. The tower’s design features 9 offset glass cubes stacked upon one another, designed by Sieger Suarez Architects in collaboration with Carlos Ott for developers Property Markets Group (PMG), Greybrook Realty Partners, Mohari Hospitality and S2 Development. The Sky Collection is comprised of 40 luxurious residences featuring interiors designed by award-winning California-based design firm BAMO, priced from $4.9 million.

E11EVEN Hotel & Residences Breaks Ground; Additional Renderings Revealed For E11EVEN Residences Beyond

8:00 am on November 16, 2021 By Oscar Nunez

Construction is now underway at E11EVEN Hotel & Residences, a 65-story mixed-use building set to rise at 20 Northeast 20th Street in Downtown Miami’s Park West District. Designed by Sieger Suarez Architects and developed between New York City and Miami-based Property Markets Group and E11EVEN Partners, the edifice is expected to rise 699-feet elevated 10-feet above sea level and yield 375 fully-furnished residences with interiors by AvroKO. The development team, sales team and city officials gathered at the official groundbreaking ceremony for the project on the evening of October 11, 2021, featuring performances by CeeLo Green and a fire dancer.

Demolition Permits Issued For 90 Southwest 8th Street In Brickell, Miami

7:30 am on November 11, 2021 By Oscar Nunez

Full demolition permits have been issued for a low-rise commercial structure at 90 Southwest 8th Street in Brickell, Miami. Built in 1971, the building spans 45,465 square feet and is tucked in the southeast corner of the junction between Southwest 1st Avenue and Southwest 8th Street. The interior lot is approximately 21,210 square feet and bordered by multiple high-rise structures including the 48-story Soltair Brickell Apartments on the east and the 30-story Brickell Bayview Center on the south. Gazit Horizons Brickell LLC, an entity linked to Tel Aviv-based real estate magnate Gazit Globe, is the owner of the application.

Sales Launch For The 70-Story Okan Tower At 555 North Miami Avenue In Downtown Miami

8:00 am on November 10, 2021 By Oscar Nunez

Sales have launched for the highly-anticipated Okan Tower, a 70-story mixed-use skyscraper planned to rise at 555 North Miami Avenue in the epicenter of Miami’s urban core. Designed by Behar Font & Partners for Turkish real estate developer Okan Group, the 902-foot-tall structure will be anchored by Hilton Hotel & Residences and yield 163 Sky Residences with exclusive owners-only amenities, 236 Condo-Hotel Residences, a five-star hotel-resort with 316 room and endless amenities, and Class A Office Space. Plans for the project are now being fast-tracked with Fortune Development Sales leading sales and marketing.

Chetrit Group Lands $310 Million Loan From Madison Realty Capital For The Kobi Karp-Designed 6.2-Acre Miami River Mega Project

8:00 am on November 5, 2021 By Oscar Nunez

The Chetrit Group’s vision for the 6.2-acre Miami River may finally come to fruition after landing a loan to begin construction. The New York City-based developer was granted $310 million in financing from Madison Realty Capital for the first two phases of the 4.2 million-square-foot mega project in Brickell, which is comprised of building the first of four towers and the additions and improvements to the riverwalk. The deal was arranged by Henry Bodek of Galaxy Capital Group, and is collateralized by the land for the last three phases. Kobi Karp is the architect for development, which will ultimately yield 1,928 residential units, 330 hotel rooms, 196,882-square-feet of retail space, and 98,040-square-feet of office space across multiple glass-clad towers along with boat slips, an outdoor theater, a residents lounge, a business center, a state-of-the-art gym, a pool, and a café.

Proposals Reveal A 15-Story Hotel With 132 Units In Fort Lauderdale

8:00 am on November 3, 2021 By Oscar Nunez

The Development Review Committee of the City of Fort Lauderdale is now reviewing proposals for 2025 East Sunrise Boulevard, a 15-story commercial building near Victoria Park and Lake Ridge neighborhoods. The development would rise on a vacant 18,949-square-foot lot west of the Middle River, bound by the East Sunrise Boulevard bridge crossing into Coral Ridge on the south and the East Point Towers residential complex on the north and west along North Federal Highway. The project is designed by Miami-based Beilinson Gomez Architects and being developed by Sunrise 2025 LLC, planned to yield 132 hotel units with 108 parking spaces.

Wynwood Green. Designed by Dorsky + Yue International Architecture.

Exterior Work Begins On Wynwood Green at 90 NW 29th Street In Wynwood, Miami

7:30 am on May 18, 2021 By Oscar Nunez

Exterior work has commenced on Wynwood Green, an 11-story residential building under construction in Miami’s Wynwood Arts District. Designed by Fort Lauderdale-based Dorsky + Yue International Architecture and developed by LMV II Wynwood Holdings LP, an affiliate company of the Lennar Corporation, the 146-foot-tall structure will yield 189 residential units across 152,593 square feet, for an average unit scope of 807 square feet.

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