THE CONCOURS CLUB TOPS OUT EVENT CAMPUS AT THE MEMBER-ONLY LUXURY MOTORSPORT RESORT

The Concours Club, the exclusive, members-only motorsport and luxury lifestyle resort within the Miami-Opa Locka Executive Airport, and Coastal Construction, have topped out the highly anticipated Event Campus at The Concours Club with stone and tile installations by Modern Stones. The Event Campus adds another venue to the Club’s array of existing settings and is ideal for private events, corporate team-building, vehicle unveilings, product showcases, testing and performances of all kinds, and much more. 

A traditional topping-out ceremony, celebrating the hard work and dedication of all those involved, was held on Tuesday, November 28, 2023. Attendees included Tom C. Murphy, Co-President of Coastal Construction, Trilogy Real Estate Group project team leaders Albert Acevedo, Senior Project Manager, and Mike Hammon, Executive Vice President of Development.

The event marked a significant milestone in the construction of the stunning 2-story structure located within Miami’s world-class driving circuit and resort. The Concours Club also features a luxurious members lounge & restaurant, private Auto Loft garages, world-class dining experiences, unparalleled events & hospitality, and numerous other amenities. Construction of the 16,792 SF Event Campus began in 2022 and is slated for completion in 2024.

The Event Campus at The Concours Club will be the first and only motorsport-based event campus located within minutes of a major metro area. Conceived by the legendary Italian design house, Pininfarina, the Event Campus will be bifurcated from The Concours Club’s exclusive member-only areas and feature its own separate entrance, paddock, and pit lane.

"Coastal Construction Group and the Murphy Family are honored to have been entrusted with the construction of this highly anticipated project for motorsports enthusiasts," said Tom C Murphy, Co-President of Coastal Construction Group. "We are thrilled to reach this major milestone and take immense pride in being a part of the team that is bringing this vision to life."

Check Out The Newly Revealed Renderings Of Norman Foster-Designed Drivers Club Miami

New renderings have been revealed of Drivers Club Miami, a Norman Foster-designed private driving club with resort on 160-acres in Carol City, a neighborhood of Miami Gardens. The project was approved in 2018 although groundbreaking has been delayed by zoning agreements, environmental testing, design meetings and construction-preventing covenants. The project is being developed by 13 Pista LLC, led by Carlos de Narvaez Steuer and is estimated to cost $100 million.

Drivers Club Miami will feature a race circuit with 2.3 mile track in addition to a luxury resort with hotel, retail and restaurants which will be open to the public. The Miami Drivers club track, clubhouse and vehicle storage and maintenance facilities will be private for members only.

Miami-Dade County signed a $33.4 million, 30 year lease for 140 acres of land below-market rate at 20000 NW 47th Ave. for the project. The lease began on August 1, 2018 and has two 30-year extension options. The county will also provide $2 million to the developer via subsidies in order to help the project create 220 jobs on the property. In exchange for waiving the competitive bidding process, the developer will build public improvements for Miami Gardens including a new public bicycle course and capital contributions to support a new on-site fire station and Florida Memorial University. The entire project is estimated to cost roughly $100 million.

Andrew Kurnit of DWNTWN Realty Advisors Arranges $19 Million Construction Loan For Redwood National Properties Opa-Locka Project

Andrew Kurnit of DWNTWN Realty Advisors, the premier commercial real estate firm, arranged a $19 million construction loan from City National Bank of Florida for a townhome development in Opa-locka, Florida. Real estate investment firm Redwood National Properties, in a joint venture with David Burstyn of Winston Capital Partners, LLC, plans to build 112 four-bedroom, two-and-a-half-bathroom units on the 10-acre site located at 1719 NW 143rd St.

The venture closed on the site acquisition concurrently with the construction financing on August 27th. Redwood is led by Brian A. Sidman of BAS Holdings Investments, LLC. Kurnit was engaged by BAS to provide financial analysis and capital advisory services for the project.

“Miami’s affordable housing crisis is extensively documented, and four-bedroom units are amongst the scarcest,” said Kurnit, head of DWNTWN’s capital advisory practice. “The project is unique for Miami as it contains enough acreage for townhome development, is both gated and lakefront and in close proximity to the region’s main employment and leisure drivers.”

The development will consist of 23 separate four and five-unit buildings and the developers intend to target Section 8 Housing Choice Voucher Holders in its leasing strategy. The community will be gated, lakefront and well-appointed, all rarities for affordable and workforce housing. Each unit will feature contemporary finishes, high-impact windows and lake views. Coastland Construction will be the builder. Redwood’s site is located within an existing 59-unit townhome development called The Mirage at Sailboat Cove, which was initially constructed in 2007.

The project is expected to begin delivering units in mid-2021, with full completion expected in early 2022.

Soffers Aim To Expand Fontainbleau Aviation & Turnberrry Airport Holdings at Opa-Locka Executive Airport

The Soffer family is seeking a $5 million bond from Miami-Dade County’s Economic Development and Tourism Committee for expansion of Turnberry Airport Holdings at Opa-Locka Executive Airport. The bond would be used for a $28 million project that would renovate public infrastructure, including a 30,000-square-foot hanger and 57,000-square-foot executive and maintenance office for Fontainebleau Aviation. According to the South Florida Business Journal, the billionaire family currently leases 41.4 acres on site. In order to benefit from the taxpayer incentives, Turnberry would need to meet certain job creation requirements. The project is currently estimated to create 120 jobs and would increase the company’s revenue to $26 million in 2020 if the expansion is completed. 

Article by Katya Demina | Images by Turnberry Media & Fontainbleau Aviation