Acre won approval for an apartment complex adjacent to a 48-acre waterfront park in Miami, agreeing to create public parking and offering a $1 million mitigation payment to the office of a Miami City Commission member. The 337-unit project, called Adela II, would rise at 645 Northeast 64th Street, just south of Legion Park and west of Acre’s 236-unit Adela at MiMo Bay apartment complex. The project has financing in place, including a loan from Canyon and equity from Acre’s[...]
Read More
Bercow Radell Fernandez Larkin & Tapanes is pleased to announce the addition of Mark W. Royero, Mitchell Tozian, and Carlos A. Markovich as Associates, continuing the firm’s growth and strengthening its land use, zoning, and environmental practice. A Miami native, Mark W. Royero earned his Juris Doctor, cum laude, from the University of Miami School of Law, where he received numerous honors, including the Dean’s Merit Scholarship and the Humberto J. Peña Award for Best Overall Advocate in the Gaubatz[...]
Read More
A pair of historic 1940s-era buildings in the heart of South Beach’s Art Deco district are slated for a transformation into a multi-structure hotel and residential project. Starwood Hotels and Keyah Real Estate Group announced Jan. 27 that they will partner on the Treehouse Hotel Miami Beach, a project that merges historic preservation with new construction. Scheduled to open in early 2029, the development marks the first resort offering for the Treehouse brand. Its identity will center on nostalgia and[...]
Read More
Kolter Group bought a condemned waterfront hotel in Miami Beach for $26 million as part of a residential redevelopment play with an adjacent property. An affiliate of Delray Beach-based Kolter, led by Bobby Julien, acquired the 90-year-old Normandy Plaza Hotel at 6979 Collins Avenue, records and real estate database Vizzda show. Wells Fargo provided a $41 million mortgage that is also secured by the Crystal Beach Suites Miami Oceanfront Resort at 6985 Collins Avenue. Kolter and Aventura-based BH Group, led[...]
Read More
A planned mixed-use residential midrise is bringing hundreds of new apartments to East Little Havana and will have a 5,000-square-foot ground floor retail space intended for a neighborhood-serving grocery or pharmacy. Brookstone 805 Flagler LLC is proposing the project, 805 Flagler, with an eight-story building offering more than 535,000 square feet of floor area, more than 35,000 square feet of amenities, with 500 proposed parking spaces and 26 on-street parking spaces at 805 W Flagler St. Miami’s Urban Development Review[...]
Read More
A developer aims to use the state’s Live Local Act to build multifamily and a hotel in Surfside. This would be the first project under the Live Local Act in Surfside, a city known for luxury developments such as the Four Seasons at the Surf Club and the Fendi Chateau Residences. The state’s Live Local Act allows developers to build multifamily to the maximum height and density in a municipality as long as 40% of the units are workforce housing[...]
Read More