CLIENT NEWS: Miami Beach project promises to house working class in tiny units. Rents start at $2,000

April 16, 2024

A new law has paved the way for twice as many apartments for a Miami Beach development that targets the city’s working class with capped rents. After being presented and approved two years ago, Mia will return to Miami Beach’s Planning Board in late April with double the number of floors and apartments than originally planned after the passage of the Live Local Act. The state law allows developers to build higher and add more apartments — disregarding local zoning[...]

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CLIENT NEWS: Michael Stern’s JDS launches sales for Mercedes-Benz branded Brickell condo tower

March 4, 2024

JDS Development Group is launching sales of its planned Brickell tower to be branded Mercedes-Benz, marking the German carmaker’s first North American condo project. The previously un-branded 67-story mixed-use tower at 191 Southwest 12th Street will be called Mercedes-Benz Places in Miami, according to a press release. It comes on the heels of Mercedes-Benz debuting its first residential real estate project, Mercedes-Benz Places in Dubai. The luxury carmaker launched the 65-story, $1 billion tower in January with Emirati developer Binghatti. New[...]

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CLIENT NEWS: Mercedes-Benz plans its 1st North American condo in Miami’s Brickell, prices start in $550,000s

February 27, 2024

JDS Development Group will partner with Mercedes-Benz AG to brand the condos in its 67-story, mixed-used tower in Miami’s Brickell neighborhood. This would be Mercedes' first North American condo project, according to the company. The 791 units in the residential tower will be branded Mercedes-Benz Places and the German automaker’s design team, in collaboration with New York-based SHoP Architects, refined the design of the building based on its “sensual purity” concept. “This philosophy, based on the duality of emotion and[...]

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CLIENT NEWS: Related’s Steve Patterson buys waterfront Miami Beach teardown

February 27, 2024

Steve Patterson, president and CEO of a Related Group division, bought a waterfront Miami Beach teardown for $9.4 million. Records show Patterson bought the property at 5141 Pine Tree Drive from Christian Egidio Lamont. Darin Tansey and Lynna Weil of Douglas Elliman had the listing. Jeri Jenkins and Brian Suarez of Coldwell Banker Realty brought the buyer. Patterson is Miami-based Related Group’s president and CEO of Related Development, the firm’s multifamily and mixed-use division, according to its website. In 2021,[...]

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CLIENT NEWS: Miami Beach goes shopping for $6.5 million oceanfront house

February 23, 2024

Miami Beach is to buy a single-family home for $6.5 million. The site at 7605 Collins Ave. is surrounded by city-owned land on three sides and is the missing piece needed to complete a city-owned oceanfront block with no use yet decided. The city commission discussed its decision to buy the property this month and is act again to finalize the buy. “We’ll direct the administration to work on the purchase of the property and send the contract and the[...]

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CLIENT NEWS: Developers Propose Miami-Dade Mixed-Use Project with 5,000 Apartments

February 13, 2024

Plans for one of Miami’s largest ever developments have been revealed as part of a bid for county property in the Little River and Little Haiti area, according to the Herald. Swerdlow Group is partnering on the bid with AJ Capital Partners, which controls 27 acres in the area. Four Miami-Dade public housing projects, including Victory Homes and New Haven Gardens, would be redeveloped along with the private property (the proposal is in response to a county RFP for the[...]

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