CLIENT NEWS: Miami River Developer Obtains Utilities For 1,843 Apartments, 130K Square Feet Retail

July 19, 2021

The developer of the proposed Miami River complex completed a deal to connect the project to Miami-Dade’s water and sewer utilities system. The deal was completed on June 30. According to the agreement, the Miami River project will include: 1,843 apartments 54,200 square feet of full service restaurant 40,000 square feet of office 130,600 square feet of retail 17 marina slips Meyer Chetrit signed the agreement on behalf of developer CG Miami River LLC. The developer will pay a connection[...]

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CLIENT NEWS: NYC developer & Chicago firm buy Miami Worldcenter hotel and expo site

July 9, 2021

A Miami Worldcenter site has sold for $94 million, dashing plans for the long-awaited Marriott Marquis Miami Worldcenter Hotel & Expo. MDM Group sold its five-acre parcel at 700 N. Miami Ave. on Friday to New York City developer Witkoff and Chicago-headquartered asset management firm Monroe Capital, as first reported by the South Florida Business Journal and the Commercial Observer. MDM decided to scrap its plans due to Covid-19 and its impact on the meetings and convention market, according to the firm’s vice president of operations and development[...]

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CLIENT NEWS: Swerdlow Group breaks ground on Sawyer’s Walk in Overtown

July 8, 2021

Construction has begun on the largest mixed-use development to take shape in Miami’s historic Overtown neighborhood in decades, paving the way for new shopping and dining options, affordable residences for seniors, and thousands of job opportunities. Sawyer’s Walk, a 1.4-million-square-foot development led by Swerdlow Group in collaboration with the Southeast Overtown/Park West Community Redevelopment Agency (CRA), will include 250,000 square feet of destination retail alongside 578 apartments designated for low-income seniors. Swerdlow Group and its partners, SJM Partners and Alben[...]

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CLIENT NEWS: Witkoff, Monroe pay $94M for site of canceled Marriott hotel at Miami Worldcenter

July 6, 2021

New York-based Witkoff and a partner swooped in to buy the site of MDM Group’s long-hyped — but now-canceled — Marriott Marquis Miami Worldcenter Hotel for $94 million. Witkoff, led by Chair and CEO Steven Witkoff, and Chicago-based Monroe Capital bought the 4.7-acre site at 700 North Miami Avenue, according to a news release. It is not yet clear what they plan to build, but the land is entitled for more than 60 stories and a mix of residential, hospitality[...]

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CLIENT NEWS: Developer Applies for Permit to Build 54-Story Miami River Tower

July 2, 2021

The developer of the Miami River project has applied for a construction permit for the first building at the complex. The application was applied for on May 19, and the full plans were accepted by the city on June 24. According to the application, the tower will include: 632 residential units, spread over 1,164,143 square feet of space 12,305 square feet of retail on the ground floor The tower will rise 54 stories, or 643 feet. Total hard construction cost[...]

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CLIENT NEWS: Hialeah plans to impose new rules for adults-only motels- but won’t ban hourly rates

June 28, 2021

In late April, the Hialeah City Council gave initial approval to a plan to ban hourly hotel and motel rentals, a change with the potential to transform an Okeechobee Road corridor teeming with adults-only motels that some city officials say are hotbeds for criminal activity. But since then, lobbyists and owners for the motels — which are notorious for their romance-themed rooms and private garage entrances ostensibly designed for one-night flings — have succeeded in softening the council’s stance, working with the city on[...]

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