MG Developer could build apartments next to its Regency Miami Airport by Sonesta hotel in Miami. The city’s Urban Development Review Board [approved] plans for the 3.79-acre property at 1000 N.W. 42nd Ave. on Feb. 18. It currently has a 176-room hotel that was built in 1982. MG Regency Airport LLC, an affiliate of Coral Gables-based MG Developer, led by Alirio Torrealba, acquired the hotel for $36 million in 2024. The company is primarily a multifamily developer. Under the plans[...]
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Miami Beach has approved plans for a luxury condo just east of 41st Street after the developer reduced the height by more than a third. The Miami Beach City Commission has approved Mast Capital’s plan to develop the 2.3-acre site at 4000 Alton Road into a luxury condo with maximum height of 85 feet and 175 units. The city’s planning board last summer rejected plans for at 140-foot tower at the site because of its proximity to a single-family neighborhood. The site[...]
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Integra intends to buy all 82 units of a Miami Beach condo-hotel that was once the subject of a fierce foreclosure battle, already spending $15 million for about 80 units. Miami-based Integra has partnered with Sagar Desai, principal of Miami-based Activate Hospitality, to put together a business plan for the Sixty Sixty hotel at 6060 Indian Creek Drive, principal Victor Ballestas told The Real Deal. The partnership is still deciding if the hotel will partner with a brand to make improvements[...]
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The Miami Beach Historic Preservation Board has approved a new four-story addition to the Generator hotel and hostel on Collins Avenue. Following pushback from the Board (HPB) and the Miami Design Preservation League in July, plans were revised to retain an existing two-story garage structure and move the proposed new structure further south on the property. The new building was also reduced in height from five stories to four. Generator, which bills itself as a “hybrid between hostels and hotels,”[...]
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Developer Camilo Miguel Jr. won initial approval for a shorter, 85-foot tall version of his planned 4000 Alton Road condo project in mid-Miami Beach. The Miami Beach City Commission on Wednesday passed on first reading three ordinances that will enable Miguel’s Mast Capital to build an 85-foot tall building with as many as 216 units. The proposal will be heard once again by the city’s planning board on Oct. 27, then the commission is expected to vote on second reading[...]
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JDS Development Group unveiled plans for 1 Southside Park, a major redevelopment of a city of Miami fire stations into a mixed-use project in the booming Brickell neighborhood. A zoning application was filed with Miami-Dade County officials by 191 SW 12 Owner, an affiliate of New York-based JDS Development Group, led by Michael Stern, for 1 Southside Park. The project would total 2.48 million square feet in 64 stories. In February, the City Commission approved an agreement to sell the 32,250-square-foot property at[...]
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