Lynd Living has acquired Block 23 at Miami Worldcenter for $30 million, financed by a $22.75 million acquisition land loan. Block 23 is located between NW 9th and NW 10th Street on North Miami Avenue and is one of the last remaining land sites within Miami Worldcenter, the 2nd largest master planned community in the country, behind New York City’s Hudson Yards. The transaction closed on August 26th.
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Swiss Real Estate Firm Empira Group Acquires Rare West Brickell Development Site In 'The Roads'
As institutional capital flows into Miami from around the world, a Switzerland-based real estate investment firm has acquired a rare development site west of Brickell. Empira Group plans to develop a mid-rise multifamily project in the neighborhood called ‘The Roads’ to help meet the area’s rising demand for housing fueled by an influx of business relocations to Miami’s urban core.
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Nationally Acclaimed Sports & Social Dining & Entertainment Concept Coming To Miami Worldcenter
Live! Hospitality & Entertainment has signed an agreement with Miami Worldcenter to bring its nationally acclaimed concept, Sports & Social, to the $4 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. The 20,000-square-foot venue will include an open-air rooftop restaurant overlooking the project’s World Square public park and plaza.
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Ytech Acquires 1500 Brickell, One Of The Last Remaining Historic Estates On Brickell Avenue
Miami-based real estate development and investment firm Ytech have acquired a historic mansion located at 1500 Brickell Avenue. Ytech is completing a multi-million dollar restoration and renovation of the property which is slated for completion by Q1 2023. The property joins Ytech’s ownership portfolio of prime addresses in Brickell including 1428 Brickell Avenue, 1548 Brickell Avenue, and 75 Broadway, among others.
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Fortune International Group and Blue Road Partnership Closes On Land For Next Residences For $16 Million
Fortune International Group, in partnership with Blue Road, has closed on a 1.74-acre site at 13899 Biscayne Boulevard for $16 million, paving the way for the future development of Nexo Residences. Nexo Residences is one of the first condo projects with short-term rental capability in the rapidly evolving city of North Miami Beach.
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Ari Pearl's PPG Development Delivers The Kobi Karp-Designed Slate Hallandale Beach
Ari Pearl has delivered the Kobi Karp-designed Slate Hallandale Beach, a recently completed high-rise luxury rental property that offers an unparalleled elevated living experience in Hallandale Beach, Florida. The project was developed by PPG Development and owned in partnership with BH3 Management. The 26-story luxury rental community with 250 modern residences is located at 101 Diplomat Parkway, Hallandale Beach
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Redevelopment Of Hollywood's Bread Building Site Secures $83 million Construction Loan
In partnership with Bridge Investment Group, Fort Lauderdale-based BTI Partners has secured an $83 million construction loan for a development in downtown Hollywood. The site was home to the long-neglected Hollywood Bread Building on Young Circle. The building was demolished last year. Canadian Imperial Bank of Commerce is the lender.
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BODEGA TAQUERIA Y TEQUILA TO OPEN 5TH SOUTH FLORIDA LOCATION
Bodega Taqueria y Tequila, South Florida's iconic taco joint by day and speakeasy concept by night, is gearing up for its highly anticipated Coconut Grove opening on Thursday, August 25th. Marking the brand’s fifth location to date, Bodega is set to open by introducing a robust lineup of daily and nightly programming curated for locals and visitors alike to enjoy, housed in a 3,276-square-foot space built in 1922.
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The Estate Companies Obtains Site Plan Approval For Soleste on the Bay Luxury Waterfront Rental Development
The Estate Companies (EIG) has obtained unanimous site plan approval for Soleste on the Bay, a 759,439 square-foot, 28-story luxury waterfront rental community with 363 units, 17,000 square feet of commercial space and 645 parking spaces at 16375 Biscayne Blvd. in North Miami Beach. The city commission voted unanimously in favor of the project on Aug. 16th.
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Former Plaza Construction CEO Brad Meltzer Joins Two Roads Development As Partner And President
South Florida-based real estate development firm Two Roads Development announced Brad Meltzer has joined the firm as Partner and President, further strengthening its growth trajectory. In this role, Meltzer will oversee real estate development activities, as well as identify new market opportunities. Meltzer comes to Two Roads Development with an educational background in architecture and more than 30 years of construction experience.
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