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: 154-Unit Luxury Rental Building Planned In Wynwood Under Live Local Act

January 24, 2024

Real estate firm Clara Homes has closed on the purchase of a Wynwood property where it plans a luxury apartment building under Florida’s Live Local Act. Clara paid $7.7 million for a 17,000-square-foot site at 2601 NW 6th Avenue, or $450 per square foot. Seller financing was provided at 5%, and a sale leaseback for at least a year to a year and a half was also part of the deal. Jordan Karp represented the buyer. Austin Burke was the[...]

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CLIENT NEWS: MSC Group has announced its new home in Downtown Miami

January 19, 2024

MSC Group has announced its new home in Downtown Miami. According to a statement, the MSC Group’s $100 million investment in Miami-Dade will bring approximately 250 South Florida-based team members from MSC Cargo, MSC Cruises and Explora Journeys under one roof in a new state-of-the-art facility within Block 55 at Sawyer’s Walk. MSC Cargo has had a presence Miami-Dade for more than 25 years and now MSC Cruises is moving to establish the Cruise Division’s North American headquarters as part[...]

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CLIENT NEWS: Kushner scores approval for luxury apartment project in Surfside

January 17, 2024

The Surfside commission gave Kushner Companies its blessing for a planned luxury apartment development that’s expected to include a synagogue. New York-based Kushner plans a nearly 90-unit residential project with a roughly 1,200-square-foot community or religious center on the 2.9-acre site at 9300 Collins Avenue. The commission voted 3 to 2 to pass a resolution approving Kushner’s site plan and a resolution for religious land use relief. The latter allows the developer to build underground parking to meet the National[...]

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CLIENT NEWS: New York hospitality group pushes opening date for Catch Miami Beach

January 3, 2024

A fine dining restaurant that was originally slated to open in Miami Beach this fall will likely get its debut next year. New York-based Catch Hospitality Group updated its website to notify customers that the company’s seafood restaurant Catch is coming in 2024. When ready, Catch Miami Beach will open in the city’s affluent South of Fifth neighborhood at 200 South Pointe Drive. According to the plans revealed in late 2022, the two-floor restaurant will occupy 22,000 square feet and[...]

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CLIENT NEWS: Bizzi+Bilgili, partners score $47M construction loan for office building in Miami Beach’s South of Fifth

January 3, 2024

A pair of development firms scored a $47.3 million construction loan for a five-story office building in Miami Beach’s South of Fifth neighborhood. Bizzi+Bilgili — a partnership between Bizzi & Partners and Turkish investor Serdar Bilgili — and Sumaida + Khurana are developing The Fifth Miami Beach. Former Google CEO Eric Schmidt is a partner in the project. The 60,200-square-foot building, which will include retail and restaurant space, will be at 944 Fifth Street and 411 Michigan Avenue. The Miami[...]

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