CLIENT NEWS: Warehouse near Miami River could be Redeveloped

May 23, 2024

H&M Development aims to build a self-storage facility on the north side of Little Havana. Miami’s Urban Development Review Board [approved] plans for the 27,160-square-foot site at 2210 N.W. 14th Street, just south of the Miami River, on May 15. It currently has a 12,433-square-foot warehouse constructed in 1979. Tenants include a cargo shipping company, a religious bookstore and a party rental store, according to the application. Aventura-based H&M Development has the property under contract from Lakeland-based Conigsa Corp. The[...]

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CLIENT NEWS: Catch Miami Beach set to open on South Pointe Drive

May 23, 2024

Catch Hospitality Group will open its namesake seafood restaurant in Miami Beach on May 10. The New York-based firm initially announced its Catch restaurant would make its debut in 2023 at 200 South Pointe Drive, but the opening was pushed a year. Catch Miami Beach is in the city’s affluent South of Fifth neighborhood. The two-floor restaurant will occupy 23,000 square feet with indoor dining space and a retractable roof open-air terrace. Rockwell Group, a New York-based architecture and planning[...]

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CLIENT NEWS: RCLCO takes big hit offloading Miami Design District buildings

May 16, 2024

In a perplexing move, RCLCO Fund Advisors offloaded two retail buildings in Miami’s Design District, one of the nation’s top retail real estate submarkets, at a steep $17.9 million discount. In one deal, Bethesda, Maryland-based RCLCO sold a two-story, 23,645-square-foot building at 3800 Northeast Miami Court to an affiliate of Miami Beach-based Comras Company, records show. Comras is led by CEO Michael Comras. In the other deal, RCLCO sold a single-story, 9,906-square-foot building at 3946 North Miami Avenue to Kohler[...]

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CLIENT NEWS: Site Work, Phased Vertical Permits Applied For At Former Miami Arena Site

May 16, 2024

Construction of a massive apartment project at the former Miami Arena site continues to move closer with new permits filed in recent days. On April 8, a site work permit was applied for with Miami’s Building Department. Coastal Construction is listed as the contractor, and the plan was accepted for review on April 25 (it isn’t yet approved). On May 6, a phased vertical permit was applied for, with Coastal also the contractor. Review isn’t yet underway. The master permit[...]

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CLIENT NEWS: New Images of Brickell’s Mercedes Tower; 100 Units Sold In Just 4 Days

May 13, 2024

New renderings of the 67-story Mercedes Benz Places tower under construction in Brickell were unveiled at an event last week. The building “has already set a sales record,” with 100 units sold in just the first four days of marketing. The image reveal event took place last week at The Concours Club ahead of the Formula 1 Miami Grand Prix weekend. It was attended by Toto Wolff (CEO of Mercedes AMG Petronas F1 Team), Michael Stern (CEO of JDS Development)[...]

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CLIENT NEWS: Michael Stern pays $61M for Brickell site of Dolce & Gabbana supertall

April 29, 2024

As questions swirl about the future of Michael Stern’s Brooklyn supertall, the developer appears to be all in on Miami. Stern’s JDS Development Group paid $61.2 million for the half-acre site at 888 Brickell Avenue, where the firm plans a Dolce & Gabbana-branded condo-hotel tower, property records show. A company tied to Grupo Mezerhane, led by Mashud Mezzerhane, sold the site, according to records and real estate database Vizzda. New York-based JDS has been in contract for years to acquire[...]

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