Construction has officially topped off on Melo Group’s East Tower of Downtown 5th, the largest multifamily development built in Downtown Miami’s Central Business District. The project is composed of two towers, with the West Tower expected to top-off later this month. The construction has been underway with rapid speed in the middle of a pandemic as the foundation pour was only 9 months ago.
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AvalonBay Communities Acquires South Miami Winn-Dixie Site For $18.95 Million
AvalonBay Communities, led by CEO Timothy Naughton, has acquired a South Miami Winn-Dixie site located at 5850 SW 73rd Street for $18.95 million. The seller was a joint venture between entities tied to the Bacardi family and Alta Development, led by Henry Pino, who had acquired the property in 2007 for $14.5 million.
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North Miami Beach Finally Approves Dezer Development's Proposed Redevelopment Of The Intracoastal Mall
The third time was the charm for Gil Dezer as the North Miami Beach City Commission has finally approved Dezer Development’s planned $1.5 billion redevelopment of the Intracoastal Mall into a mixed use mega-project named Uptown Harbour.
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CC Homes Launches Circle S Estates Luxury Homes In Southwest Ranches
CC Homes, one of Florida’s leading homebuilders, has launched sales for Circle S Estates, the former stable of the legendary 1985 Kentucky Derby Winner, Spend A Buck, located in the exclusive mansion and bridle path-lined neighborhood of Southwest Ranches, just minutes from Weston.
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Terra Reveals Plans For Arquitectonica-Designed Multifamily Project in Little Havana
Terra Group has revealed plans for their newly proposed redevelopment of the Central Shopping Plaza, located across from the Magic City Casino in Little Havana, with the addition of a multifamily project with roughly 1,384 residential units and 1,559 square feet of commercial space on the 38 acre property.
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CocoWalk Announces New Fashion-Focused Retailers Ahead of Fall Reopening In Coconut Grove
CocoWalk, one of the most highly anticipated mixed-use projects in Miami, has announced new clothing concepts to join their lineup. The open-air lifestyle center is bringing new tenants and energy to the Coconut Grove neighborhood. It is slated to begin its phased reopening later in the Fall along with new fashion-focused tenants. CocoWalk features 150,000 sq.ft. of prime retail and dining space that is currently 80% leased. New brands include Free People Movement, Europann and Late Night Gypsy.
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Metro Edgewater Gearing Up To Break Ground In Edgewater's Paraiso District
Colombian developer Carlos Ortiz is gearing up to break ground on his planned rental apartment building, Metro Edgewater, which will be located in Edgewater’s Paraiso District. The project recently received FAA approval and is expect to break ground in January 2021 pending the issuance of building permits.
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MG Developer Locks Down $16.5 Million In Equity Financing To Complete Coral Gables Luxury Townhome Projects
MG Developer, led by CEO Alirio Torrealba, has locked down $16.15 million in equity financing to complete two luxury townhome projects in Coral Gables, Biltmore Row and Althea Row. The projects are currently under construction after broking ground in February 2020.
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Miami Beach Home Built To Replicate Aman Resorts Hits The Market Asking $15 Million On The Venetian Islands
Casa Aman, an ode to the reputable Aman resorts, has hit the market for $14.995 million on Venetian Islands. The Miami Beach home was built by Michael Horvitz, a well-established entrepreneur in real estate, design and home furnishings.
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The Development Of Miami's Most Expensive And Deepest Underground Parking Garage Is Underway
Una Residences condominium will soon have Miami’s deepest underground parking garage with construction underway. The garage will reach nearly 50 feet and three stories below sea level and will become the most expensive underground parking garage in Miami costing developers $25 million to build.
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