Pharrell Williams To Open Billionaire Boys Club Store In Wynwood

Pharrell Williams plans to open a new store for his clothing line, Billionaire Boys Club, in the Wynwood neighborhood of Miami after inking a lease at 2545 NW 3rd Ave. The lease is for 5,700 sq.ft. of space in an old wholesale shoe company building located near hot spots Zak the Baker and Wynwood Garage. Terms of the lease were not disclosed but both sides of the transaction was overseen by David Lerner of Dwntwn Realty Advisors. The 14,903 SF building is owned by Lerner Family Properties, led by brother-sister duo Irving and Esther Lerner.

Billionaire Boys Club has already had success in Wynwood with their pop-up store operating since 2018. The new location at 2545 Northwest Third Avenue will be Billionaire Boys Club’s second full store after its New York City location and is expected to open in 2021.

Carlos Mattos And Family Acquire Waterway Shoppes of Weston For $20.45 Million

An entity tied to the Mattos family, led by Carlos Mattos and his children, Nicolas and Isabella Mattos, have acquired the Waterway Shoppes of Weston for $20.45 million, roughly $501 per square foot. Waterway Shoppes of Weston was developed in 1999 and was acquired by the seller, Waterway Ventures LLC, an entity tied to Fondo Atlas and Dylan Fonseca, for $15.3 million in May 2015. The property was listed with Kirk Olson and Drew Kristol of Marcus & Millichap for $20.65 million. Gordon Messinger of Cushman & Wakefield represented the buyer in the transaction. The acquisition was financed with a $9.98 million CMBS loan provided by Deutsche Bank.

Waterway Shoppes of Weston is located at 2210-2282 Weston Rd. and spans 40,848 square feet on 4.95 acres of land. Tenants include AT&T, Hooters, Lucille’s American Café, Chill-N Nitrogen Ice Cream, Cyclebar, BankUnited, Lucille’s American Café, Baires Grill and Pearl Vision Center.

Check Out The Newly Revealed Renderings Of Norman Foster-Designed Drivers Club Miami

New renderings have been revealed of Drivers Club Miami, a Norman Foster-designed private driving club with resort on 160-acres in Carol City, a neighborhood of Miami Gardens. The project was approved in 2018 although groundbreaking has been delayed by zoning agreements, environmental testing, design meetings and construction-preventing covenants. The project is being developed by 13 Pista LLC, led by Carlos de Narvaez Steuer and is estimated to cost $100 million.

Drivers Club Miami will feature a race circuit with 2.3 mile track in addition to a luxury resort with hotel, retail and restaurants which will be open to the public. The Miami Drivers club track, clubhouse and vehicle storage and maintenance facilities will be private for members only.

Miami-Dade County signed a $33.4 million, 30 year lease for 140 acres of land below-market rate at 20000 NW 47th Ave. for the project. The lease began on August 1, 2018 and has two 30-year extension options. The county will also provide $2 million to the developer via subsidies in order to help the project create 220 jobs on the property. In exchange for waiving the competitive bidding process, the developer will build public improvements for Miami Gardens including a new public bicycle course and capital contributions to support a new on-site fire station and Florida Memorial University. The entire project is estimated to cost roughly $100 million.

West Aventura Developers Proposes Mixed-Use Development In Newly Rezoned Ojus Urban Area District

West Aventura Developers, led by Marina Kessler and Gustavo Lumer, have proposed there mixed-use buildings in the newly rezoned Ojus Urban Area District, just west of Aventura. The area which sits just north of Greynolds Park, was recently rezoned by Miami-Dade county to allow mixed-use development and more density. The 7.9 acre site is located at 2375 NE 186th St.

The proposal includes three buildings designed including an 8-story building with 378 apartment units, 31,375 square feet of retail and 585 parking spaces designed by Corwil Architects; a 12-story building with 114,385 square feet of leasable office space, 16,715 square feet of retail and 552 parking spaces designed by Arquitectonica; the final building would rise 8-stories offering 247 apartment units, 19,160 square feet of retail, 386 parking spaces and a rooftop pool, also designed by Corwil Architects.

Melo Group Tops Off Construction At Downtown 5th

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. The development has completed an average pace of one floor every three days. The project is estimated to be complete in Summer 2021. 

“We’re bullish on the long-term future of Downtown Miami. Despite a global pandemic, we never stopped building for locals who want to live and work in the urban core,” said developer Carlos Melo, Principal of the Melo Group. “Our strategy has always been to build for what the market demands – and we’re seeing a continued need from the community for good quality, attainably-priced apartments in a convenient, walkable location with access to public transit and nearby amenities.”

Downtown 5th will have two 52-story towers and feature 1,042 rental apartments with ground floor retail. Preleasing is scheduled to begin in Spring 2021. Apartments will range from studio to three-bedrooms. Units will have balconies with views of Downtown Miami. Building amenities will include three swimming pools, fitness center, social room, game room and café. 

“Downtown Miami has evolved into a global destination for business and lifestyle. We’re seeing people moving and opening up companies here from major cities across the U.S. and abroad in search of lower taxes, improved quality of life, and reduced expenses,” said developer Martin Melo, Principal of the Melo Group. “As more and more businesses look to relocate or expand to Downtown Miami, we’re building housing for the thousands of employees that will come with them and need a place to live.”

Downtown 5th is located at 55 NE 5th Street, in the heart of Downtown Miami’s Central Business District. The location is within a short walk of Museum Park, AmericanAirlines Arena, Bayside Marketplace and Miami-Dade College’s Downtown Miami campus. 

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.

The 1.9 acre site has approval to build a 9-story mixed-use project with 283 apartment units and a 36,395 square foot grocery store designed by Corwil Architects. The residential component would feature a pool dec and 8,000 square feet of amenity space, along with the development offer 400 parking spaces. The new building would replace a 20,664 square foot Winn-Dixie which was built in 1962. The site is located just a few block from the South Miami Metrorail Station.

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. The North Miami Beach City Commission voted 4 to 3 to approve the development agreement and zoning amendments. The Intracoastal Mall is located at 3501 Sunny Isles Blvd. on a 29.1-acre site. Dezer Development is seeking Florida Department of Transportation (FDOT) approval to build a new entryway as construction teams will not be able to use the NE 35th Ave and the developers must widen the entrance at NE 36th Ave. In October, just one week after Dezer Development won approval from the North Miami Beach City Commission to redevelop the Intracoastal Mall, the Commission and Mayor Anthony DeFillipo called for a revote as one commissioner fell asleep and another left early from the initial vote. The issue at hand was tied to two ordinances including zoning amendments and a 30-year development agreement.

Uptown Harbour will feature condos, retail, offices and hotels complete with a waterfront promenade with restaurants and retailers. When complete, the mixed-use development will bring over 2,000 residential units, which will be split between 1,750 for-sale condos spread across five towers, 200 rental apartments and 50 townhomes. Uptown Harbor will also feature 250 hotel rooms, 375,000 square feet of retail, and 200,000 square feet of office to the area. Of the retail component there will be a 280,000 square foot shopping center, 50,000 square foot supermarket and 45,000 square foot gym. Additionally, Dezer Development will fund public improvements including building a police department, fire station, community center, a 6-acre park and infrastructure as part of the proposal. Towers will have a maximum height of 40-stories. Uptown Harbor is designed by Zyscovich Architects.

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. The project would feature seven 8-story garden style buildings designed by Arquitectonica, located at 3800 NW 11th St., 3899 NW 7th St. and 901 NW 39th Ave. Terra Group would not demolish but would upgrade and renovate the 301,806 square foot shopping center, which was built in 1959, and features a Walgreens and Party City. The project’s total development would measure roughly 1.74 million square feet. Terra is currently under contract to acquire the property from HayDay Inc., an entity controlled by Barbara Havenick and Isabel Amdur, who also own the Magic City Casino. The proposal was recently reviewed by Miami’s Urban Development Review Board.

“Terra is seeking approval to reposition the underutilized Central Shopping Plaza into a 38-acre mixed-use development. Plans for the development include preserving and upgrading the existing retail center with significant infrastructure and landscaping improvements, while adding an adjacent market-rate multifamily housing component with on-site parking and new green space,” said Terra Group in a statement.

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.

“Our aim is to return CocoWalk to its former vitality by bringing in carefully curated tenants attuned to the wants and needs of the local community and surrounding neighborhoods,” said Stuart Biel, senior vice president of regional leasing at Federal Realty Investment Trust. “FP Movement, Europann, and Late Night Gypsy are cool and original apparel concepts that will not only enhance the center Grove’s retail offerings but will bring the community together for unique experiences.”

CocoWalk offers new tenants the opportunity to launch new concepts and test the market in prime retail space. Free People Movement is by the Philadephia based boho fashion house Free People. Their new line will offer customers fashionable athletic wear from a brand they already know and love. Europann is a men’s clothing line from Saint-Tropez, introducing the French Riviera style of prints and bold colors to Miami. Late Night Gypsy will offer trend-setting vintage clothing concepts from Los Angeles. Their brands include For Love and Lemons, Lavish Alice, Jen’s Pirate Booty and Band of Gypsies. 

“I’m excited to bring the trendy, street chic style of Los Angeles to the colorful spirit of Miami,” said Allegra Wynne-Kaplan, founder and owner of Late Night Gypsy. “Growing up in Miami, I always loved Coconut Grove’s enchanting vibe and unique energy – and after 15 years in Los Angeles, I’m ready to return to my roots, by opening my first storefront location at CocoWalk in the Grove. The artsy and free-spirited nature of the neighborhood perfectly aligns with Late Night Gypsy’s brand, mission, and image, and I look forward to being part of the Grove community once again.”

The three new retailers will join CocoWalk’s existing list of chic, diverse and international shops and restaurants. The list includes Planta Queen, Sushi Garage, Mister 01 Extraordinary, Botanico Gin & Cookhouse, Salt & Straw, Sweetgreen, Narbona Natural Foods & Farm Market, Bluemercury, Edward Beiner, Edite Mode, Palma de Leon, The Spot Barbershop and The School of Rock. The bespoke lineup of CocoWalk brings a new age of fashion, beauty and lifestyle to Coconut Grove. 

Crescent Heights Announces Lease Signed For National Organic Supermarket At Nema In Edgewater

Crescent Heights has announced that a national organic supermarket chain has signed a lease for the ground floor retail space of Nema, which is planned to be developed at 2900 Biscayne Blvd. The name of the grocer chain is yet to be revealed but the location will be its first in the Miami area. The supermarket will occupy 38,950 square feet of ground floor retail space in addition to an indoor and outdoor cafe on the mezzanine level. The recently approved Nema will rise 38-stories and will feature 588 apartment units in addition to a full floor of indoor and outdoor amenity space.