For the longest time, the name Braman Motors has been associated as one of the premiere names in Florida’s car scene. But this year, the automotive goliath has been venturing into the real estate industry. The company is launching a bold and transformative redevelopment project in Edgewater, Miami. They will be launching a 60-story mega project called the Braman Miami Campus. A revolutionary structure that merges high-rise living space with car culture. “For nearly five decades, Braman has proudly contributed[...]
Read MoreCoral Gables-based MG Developer obtained a $105 million construction loan to build an apartment complex in Hialeah. New York-based Scale Lending, an affiliate of Slate property Group, provided the mortgage for Metro Parc South, which will be located at 954 and 934 E. 25th St. MG Developer said it will break ground on the project during the second quarter this year. Lantern Real Estate's Tal Bar-Or, David Strongwater, and Parker Thelander arranged the loan. The 10-story Metro Parc South will[...]
Read MoreThe Miami Beach commission granted Michael Stern’s JDS Development Group and Gianluca Vacchi’s GV Development Group initial approvals on an upzoning for a planned luxury condo tower in South Beach. Commissioners unanimously passed on first reading zoning amendments that will allow the developer to build a taller and slimmer tower on the site at 1250 West Avenue. The final votes for the project, including a development agreement, are expected in a June 25 meeting. The project now calls for a[...]
Read MoreDeveloper-driven legislation in Hialeah to reward more density to projects that set aside apartments for low-income residents is likely to win final approval. On Wednesday, the Hialeah City Council unanimously approved on first reading an ordinance that gives developers up to an additional 25 units per acre if they designate 15 percent of a project’s units for tenants who earn up to 60 percent of Miami-Dade County area median income, or AMI, currently $79,400. Hialeah councilman Jesus Tundidor, the legislation’s[...]
Read MoreBraman Motors, a long successful and foundational business venture in the City of Miami, is about to expand dramatically with a growth spurt of sweeping proportions that would include two new 60-story residential towers. The Braman company, utilizing special development options in the Miami 21 zoning code, plans to start construction on a phased redevelopment of several properties in the Edgewater neighborhood, ultimately bringing hundreds of new residential units, new retail-commercial uses, office space, parking for thousands of vehicles, and[...]
Read MoreBraman Motors, led by billionaire Norman Braman, has filed plans for its property in Miami to facilitate both expansion of the dealership and potential residential development. The city’s Urban Development Review Board will consider the special area plan (SAP) from Braman Motors for its property at 2060 Biscayne Blvd., 1930 N.E. 2nd Ave.; 160 N.E. 20th St.; 64, 106, 120, and 146 N.E. 20th St.; and 135 N.E. 19th Terrace on April 16. The SAP would need approval from the[...]
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