MG Developer’s pipeline keeps pumping along as Alirio Torrealba’s firm is about to score a $39 million construction loan for a Coral Gables townhome project. Miami-based Pine Bay Capital is providing the financing for The George, a planned development of 13 two-story townhouses at 717 Valencia Avenue that represents the final phase of MG Developer’s Biltmore Square community, a press release states. The loan is set to close soon, an MG Developer spokesperson said. Coral Gables-based MG Developer already completed[...]
Read MoreMiami’s Little Haiti and Little River are where generations of working class immigrants, predominantly from Haiti, have planted roots and seasoned the area with Caribbean flavor. A stretch on Northeast Second Avenue between 54th Street and 71st Street is like driving through Port-au-Prince. Storefronts offering everyday services from haircuts to income tax return preparation feature prominent signage in Creole. And most residents have found a reprieve from Miami’s increasing housing costs inside aging single-family homes, duplexes and low-rise apartment buildings.[...]
Read MoreKyle Spohn is a rising 2L at the University of Miami School of Law, where he ranks in the top 17% of his class and serves on the Inter-American Law Review. He is a recipient of the Dean’s Merit Scholarship and has earned multiple academic awards, including the CALI Excellence for the Future Award in Legal Communication & Research I. Kyle earned his Bachelor of Science in Business Administration and Management, cum laude, from the University of Florida, with minors[...]
Read MoreAs commuters unload from carpools passing through the parking lot of a Tri-Rail station on a recent weekday morning, they’re greeted by a symphony of construction while waiting for their trains. Buzz saws and percussion drills crank up just 10 feet from the train platform, where workers in green vests and yellow safety helmets are building a new housing development. The eight-story residential building, named Metro Station 1, broke ground in May with a target completion by January 2026. The[...]
Read MoreDeveloper Michael Stern’s JDS Development Group notched a major win with the upzoning of a property in South Beach, where he plans a bayfront luxury condo tower next to the Monad Terrace project he built. Miami Beach commissioners on Friday granted final approval to zoning amendments and a development agreement that will allow the developer to build a taller and slimmer tower on the site at 1250 West Avenue, including a floor area ratio of 5.75. Commissioner David Suarez was[...]
Read MoreMiami Beach commissioners granted final approvals to the Meruelo family and David Martin for the Deauville Beach Resort property, concluding a long and controversial effort to redevelop the oceanfront site. The approvals came at the end of a five-hour special meeting held on Friday to address the Deauville project in North Beach, and developer Michael Stern’s proposed project in South Beach. Both were approved. The Meruelos and developer Martin, CEO of Terra, plan two luxury condo buildings and a boutique[...]
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