L&L Holding Company, Oak Row Equities and Shorenstein have locked down $215 million in construction financing for Wynwood Plaza, a mega mixed-use development on a 2.85-acre site in Miami’s Wynwood Arts District. Managing Director Scott Wadler and Vice President Michael Basinski of Berkadia South Florida secured the financing on behalf of the developers.
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The Elser Hotel & Residences Miami Closes On $80 Million In Sales In Less Than 60 Days
The Elser Hotel & Residences Miami, a 49-story new construction luxury condominium located at 398 NE 5th St., has successfully closed on $80 million in sales in less than 60 days. This immense sales volume marks the pivotal return of Latin American investment in South Florida, with 75% of sales coming primarily from Colombia, Mexico, and Chile, as well as the continued fervent demand for turnkey, new construction residences.
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Terra and Turnberry Tap Balfour Beatty As GP For Grand Hyatt Miami Beach Convention Center Hotel
Two of South Florida’s premier real estate developments groups, Terra and Turnberry, have selected Balfour Beatty as the general contractor for the new Grand Hyatt Miami Beach Convention Center Hotel. Located at the intersection of 17th Street and Convention Center Drive, the 17-story, 800-room hotel will serve as the central anchor of the Miami Beach Convention Center District
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Brightline+ Partners With Uber To Offer Rideshare At Brightline's 5 South Florida Train Stations
Brightline and Uber have entered into a new partnership that will make getting around South Florida seamless and convenient. The new collaboration will offer guests a familiar rideshare option integrated within Brightline’s app, making it easier to get to and from all of Brightline’s five South Florida stations. The partnership is designed to meet customer demand and enhance Brightline+, a mobility service that already includes airport shuttles, event shuttles and electric golf carts.
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All Natural And Organic Grocer Plum Market Opens In Aventura
Plum Market, the highly anticipated, service-forward grocer promoting organic and locally sourced food and essentials, is now open. A new grocery shopping experience for South Floridians, the full-service neighborhood market features all natural, organic, specialty and locally sourced products, with a fast casual dining component. The Plum Market store promises peak of season produce, sustainably sourced meats and seafood, and chef-crafted prepared dishes.
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Brightline Reveals New Renderings Giving First Look Inside Its Future Orlando Station
Brightline, the only provider of modern, eco-friendly, intercity rail in America, is pulling back the curtain on Central Florida’s latest attraction, Brightline’s Orlando Station. Brightline has released a video and renderings of the future station, located at Orlando International Airport, that will connect millions and regionalize the state.
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Fabel Rooftop Restaurant Opens At Robert Rivani's Wynwood Jungle
Fabel Miami, a new open-air rooftop restaurant and lounge by owner Matthew Rosenberg and his award-winning architecture firm, M-Rad, is now open at Wynwood Jungle, the experiential dining and retail destination transformed by Black Lion’s Robert Rivani. The immersive restaurant, named to provide guests a place to create their own enchanted fairytale, is set to redefine the hospitality industry.
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New York-Based Hospitality Concepts Add a New Level of Sophistication to Wynwood’s Culinary Scene
Designed in collaboration with globally-renowned partners DesignAgency and Arquitectonica, the nine-story building offers 329 turnkey homes. Layouts range from studios to two bedrooms, each featuring floor-to-ceiling windows and private balconies. All units will come fully furnished, with packages thoughtfully curated by DesignAgency.
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Limestone Asset Management and Orion Real Estate Acquire Pinecrest Retail Center For $70.5 Million
Miami-based Limestone Asset Management, via a joint venture with Orion Real Estate Group, has acquired Colonial Palms Plaza, a retail center located in the Pinecrest area at 13601–13621 S Dixie Highway, Miami, FL, 33176, for $70.5 million on Dec. 23, 2022. Eric Williams of JLL represented the seller, MetLife Investment Management. Goldman Sachs is providing financing for the purchase.
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PROFILE Guide: A Beginner's Guide To 1031 Exchanges
"In this world, nothing is certain except death and taxes," as the famous quote by Benjamin Franklin goes. But what if we told you that there's a way to potentially defer paying those pesky capital gains taxes on the sale of an investment or business property? Enter the 1031 exchange, also known as a like-kind exchange or a Starker exchange.
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