The former site of Al Capone’s longtime Miami Beach estate has traded for $21 million, marking the latest chapter for one of the city’s most historically recognizable residential properties. Located at 93 Palm Avenue on Palm Island, the now-vacant waterfront property features 100 feet of frontage on Biscayne Bay. The site was previously home to the sprawling estate once owned by the notorious Prohibition-era crime boss before the residence was demolished in 2023.
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Winston Capital Affiliate Acquires Bay Harbor Islands Waterfront Homesite For $18 Million
An affiliate of David Burstyn's Winston Capital Management has acquired a premier waterfront homesite in Bay Harbor Islands for $18 million, marking a record land sale in the island community. Property records show Winston Bay Harbor purchased the nearly half-acre parcel at 10312 West Broadview Drive from a family trust in an off-market transaction that closed this week. The sale agreement, signed by trustee Noah Burton, was recorded in May.
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Prosper Group and Versluys Group Close On Brickell Waterfront Land Assemblage For $50 Million, Set To Move Forward With $650 Million Luxury Development
A joint venture between Miami-based development company Prosper Group, led by CEO Jay Roberts, and Belgium’s Versluys Group, one of Europe’s leading luxury property developers, led by CEO Bart Versluys, have closed on a three-parcel assemblage for $50 million. Miami-based Vaster provided a $30.5 million acquisition loan.
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Miami Beach's Design Review Board Approves Terra Proposal For ODP Architects-Designed 1250 West Avenue
The Miami Beach Design Review Board has approved a proposal by Terra, in partnership with RG Development Group and GV Development, for a 106-unit luxury condo tower at 1250 West Avenue in Miami Beach rising 330’.
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Kasumigaseki Capital Launches First Project in the United States at Miami Worldcenter
Kasumigaseki Capital Co., Ltd. (headquarters: Chiyoda-ku, Tokyo; Representative Director, President and CEO: Koshiro Komoto; “KC”) announced that it has established a subsidiary in the United States, Kasumigaseki Florida LLC (headquarters: Florida), and commenced business in Miami.
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When Preservation Becomes Paralysis: A Missed Moment for Miami’s Waterfront, Impact of The Legal Saga at EDITION Residences, Miami Edgewater
Miami’s growth has never been accidental. It has been shaped by cycles of reinvestment, redevelopment, and adaptation to new safety standards, housing needs, and economic realities. The recent court ruling requiring the restoration of the aging Biscayne 21 condominium in Edgewater, rather than allowing its redevelopment into the planned EDITION Residences Miami Edgewater.
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Oak Row Equities and OKO Group Close Largest Land Acquisition in Florida With $520 Million Waterfront Land Deal in Brickell
Oak Row Equities, a leading vertically-integrated real estate private equity and development company with over $4 billion of development in South Florida, OKO Group, the Miami-based development company founded by international investor and luxury real estate developer, Vlad Doronin, and Mariposa Real Estate have successfully completed the single largest land acquisition in Florida.
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Prosper Group and Versluys Group Announce $650M Ultra-Luxury Tower on the Miami River
Prosper Group partners with Belgium’s Versluys Group to develop a $650M ultra-luxury waterfront tower on the Miami River in Brickell, marking Versluys’ U.S. debut and reinforcing global demand for Miami’s luxury real estate.
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Constellation Group Acquires Development Site Along U.S. 1 in Miami’s Coconut Grove for $12 Million
Constellation Group, a leading Miami-based real estate investment and development firm, announces the acquisition of a nearly 28,000-square-foot development site fronting U.S. 1/South Dixie Highway in Miami’s Coconut Grove neighborhood.
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YTECH's Kohn Pedersen Fox-Designed 'Seven Broadway' Approved in Brickell
Ytech’s 'Seven Broadway,' a luxurious residential tower set to rise in Miami's vibrant Brickell neighborhood, has just received unanimous approval from the City’s Urban Development Review Board (UDRB).
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