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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Development Spotlight: Ziggurat Coconut Grove
Developed by The Allen Morris Company in partnership with the Espinosa family, the highly curated mixed-use Ziggurat Coconut Grove brings together just 19 ultra-luxury residences, a five-story trophy office building, approximately 45,000 square feet of retail and dining, and landscaped pedestrian spaces within a low-rise environment designed specifically for Coconut Grove.
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Surf Row Residences Reaches 50% Sold In Surfside, Advancing Towards 2027 Completion
Surf Row Residences, the select collection of 24 condominium residences at 8800 Collins Avenue in Surfside, Fla., has reached 50% sold as vertical construction advances toward a 2027 delivery. The milestone reflects sustained demand from domestic and international buyers drawn to a project that has distinguished itself through architectural pedigree and intentionally intimate scale in one of South Florida's most coveted beach towns.
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Image via PROFILEmiami
Allen Morris Company Completes Demolition at Ziggurat Coconut Grove, Site Cleared Paving Way To Start of Construction
Allen Morris Co., one of the leading real estate firms in the Southeast U.S., has completed demolition at the future site of the nearly sold-out Ziggurat Coconut Grove, paving the way for the start of site work and vertical construction. Developed in partnership with the Espinosa family, Ziggurat Coconut Grove is a highly anticipated mixed-use development offering world-class office, residential and retail while honoring the neighborhood’s character.
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Newgard Group and Two Roads Development Mark Major Construction Milestone at One Brickell Riverfront With Installation of Architectural Crowns
The two residential towers rising at One Brickell Riverfront commemorated another landmark moment in their construction with the installation of architectural crowns atop both LOFTY Brickell and The Standard Residences, Brickell. With this milestone, both towers now reach their full architectural heights, and their distinctive silhouettes are beginning to redefine the Brickell skyline.
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13th Floor Investments and Key International Launch Sales at 619 Brickell by Nobu · Foster + Partners With $1 Billion In Reservations
13th Floor Investments and Key International have officially launched sales for 619 Brickell by Nobu · Foster + Partners, marking Nobu's first-ever residential project in Miami. The development introduces a new paradigm of branded living centered on expert-led longevity, biohacking, and world-class hospitality.
Read MoreDevelopment Spotlight: PROFILE Exclusive Interview with Daniel de la Vega [Live on YouTube]
On Wednesday March 11, 2026, PROFILEmiami Co-Founder Demetri Demascus sat down with Daniel de la Vega, President & CEO of ONE Sotheby's International Realty, for a live PROFILE Development Spotlight live interview at the Oasis Hallandale sales gallery to celebrate the newly topped-off towers.
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LD&D and ONE Capital Lock Down $30.5 Million Construction Loan for Surf Row Residences in Surfside
Surf Row Residences, the 24-residence boutique condominium rising along Collins Avenue in Surfside, Fla., has secured a $30.5 million construction loan, marking a significant milestone as the collection of residences advances toward vertical construction. Developed by LD&D and ONE Capital, the project broke ground in late 2025 and is slated for delivery in 2027.
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Andres Hoyos, Scott Flatley, Carmine Berardi, Mario Naar, Derek Cardenas & Spencer Morris
Allen Morris Company Breaks Ground on Transformative Mixed-Use Development Ziggurat Coconut Grove
The Allen Morris Co., one of the most renowned real estate firms in the Southeast U.S., has officially broken ground on Ziggurat, its highly anticipated mixed-use development in the heart of Coconut Grove.
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Allen Morris Company Officially Opens Immersive Sales and Leasing Gallery For Ziggurat Coconut Grove In Collaboration With Chèvre
Allen Morris Co., one of the leading real estate firms in the Southeast U.S., is proud to announce the opening of its Ziggurat Sales Center in Coconut Grove. The pioneering space reflects the character of Coconut Grove, blending Ziggurat’s design vision with a multi-sensory guest experience supported by Chèvre, an affiliate of Think Hospitality.
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