Braman 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[...]
Read MoreA 41-story skyscraper titled Wynwood Tower is coming to the edge of Wynwood. The Florida-based developer, AG Wyn, is proposing the skyscraper as part of the Live Local Act, a recently enacted housing law aimed at spurring higher density housing in commercial or industrial areas. The half-acre property located at 330 NW 37th St will eventually be home to a 398.983 SF structure with 234 residential units, assisted by added density by the Live Local Act. Under regular zoning, the[...]
Read MoreWaste management mogul Patrick Dovigi purchased a waterfront estate in Miami Beach for $27.5 million, about a month after he sold his Bal Harbour mansion. Dovigi, one of Canada’s wealthiest businessmen, bought the 11,340-square-foot, seven-bedroom and nine-bathroom mansion at 1525 West 24th Street on the Sunset Islands through an LLC, property records show. A land trust managed by David A. Bradley sold the 0.6-acre property. Dovigi’s entity financed the purchase with a $19.3 million mortgage from J.P. Morgan. The house,[...]
Read MoreDavid Martin and Jackie Soffer’s long-planned convention center hotel in Miami Beach is moving forward. Martin’s Terra and Soffer’s Turnberry secured a $392 million construction loan from Adi Chugh’s Tyko Capital, according to sources. The developers plan to build a 17-story, 800-room hotel next to the Miami Beach Convention Center. The loan was first reported on the Bloomberg Terminal. Tyko, which has become an increasingly active lender in South Florida, is a joint venture between debt broker Chugh and billionaire[...]
Read MoreMount Sinai Medical Center plans to open a new freestanding ER, followed by a full-serve hospital and doctors’ offices, in a Miami-Dade community that’s home to more than 50,000 people. Construction of the four-story medical center is underway just off Southwest Eighth Street near the Palmetto Expressway in Westchester, a mostly residential neighborhood filled with homes, schools, parks and businesses. This will be Mount Sinai’s second hospital in South Florida. “We want to serve our patients the best we can[...]
Read MoreThe improbable return of Miami Beach’s iconic Deauville Hotel, demolished by implosion in 2022, has come one big step closer to becoming reality. And for North Beach residents and preservationists still reeling from the loss of the historic MiMo hotel, best known as a launching pad to fame for the Beatles, it’s like they can’t believe their luck. In a public hearing that might well be described as a love fest, Beach residents and city commissioners ardently embraced an unusually[...]
Read More