A potential development site in Miami’s Wynwood Arts District sold for $54 million. Ultimate Equity, managed by David Sedaghati of Miami-based Ultimate Shoes, sold the 1.92-acre property at 2401 N.W. Sixth Ave., plus 520 to 590 N.W. 26th St. to GK Real Estate 5 LLC, managed by Gary Krat in Highland Beach. Property data firm Vizzda confirmed the parties in the deal. It currently has 64,629 square feet of commercial buildings that were constructed in the 1950s. It was assembled[...]
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Major Food Group and Boucher Brothers are pressing ahead with plans to redevelop a Miami Beach entertainment venue on city-owned land even as the current operator is still fighting to hold onto its ground lease. The joint venture will go before the Miami Beach Design Review Board Thursday, seeking the green light for a complete reconstruction of Nikki Beach, a waterfront restaurant and club at 1 Ocean Drive. Three years ago, the Miami Beach City Commission awarded a new concessions[...]
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Tesla Inc. (Nasdaq: TSLA) has plans for a big new showroom and service center in suburban Miami-Dade County. The Austin, Texas-based electric vehicle maker signed a lease for 45,255 square feet at 8789 S.W. 117th Ave. in Kendall. Opening is slated for late 2026. It’s the former Toys “R” Us store just east of the Palms at Town & Country shopping center, a few blocks from the Kendall Drive exit of Florida’s Turnpike. The landlord is an affiliate of Jericho,[...]
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LD&D and One Capital scored a $30.5 million construction loan for their planned Surf Row condos in Surfside. New York-based Maxim Capital Group provided the financing for the 24-unit complex planned at 8800 Collins Avenue (formerly 8809 Harding Avenue), according to the news release. LD&D, led by Diego and Alejandro Bonet, and One Capital, led by One Sotheby’s International Realty’s Daniel de la Vega, first launched Surf Row as an eight-unit townhouse development in 2022. In 2024, the partners relaunched[...]
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A busy shopping center off Kendall Drive will soon feature a Tesla showroom and service center on the site of a former toy store. The new car complex will join other Tesla showrooms at South Florida malls, including Aventura, Dadeland and Brickell City Centre. Palms at Town & Country, off Southwest 117th Avenue, is getting the Tesla showroom and service center in late 2026 after years of discussion. Kimco Realty, which owns and runs Palms, announced Thursday it has signed[...]
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Bercow Radell Fernandez Larkin & Tapanes, representing Fairhaven Propco LLC, is proud to announce a transformative restoration and modernization plan for the historic Miami Springs Nursing and Rehab Center at 201 Curtiss Parkway. Following successful appearances before the Miami Springs Historic Preservation Board and City Council, the firm secured Certificates of Appropriateness for rehabilitation and site improvements, together with approval of a Future Land Use Map (FLUM) Amendment, Rezoning, a Text Amendment creating the Medical and Residential Care (MRC) District,[...]
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