The Miami Beach commission granted Michael Stern’s JDS Development Group and Gianluca Vacchi’s GV Development Group initial approvals on an upzoning for a planned luxury condo tower in South Beach. Commissioners unanimously passed on first reading zoning amendments that will allow the developer to build a taller and slimmer tower on the site at 1250 West Avenue. The final votes for the project, including a development agreement, are expected in a June 25 meeting. The project now calls for a[...]
Read MoreRenderings of the building at 947 Lincoln Road and 1657 Michigan Avenue If the city commission does not approve it next, the owner would have to revert the facade to the 1938 version A plan to redevelop a Lincoln Road property with a 1920s facade can move forward following a favorable vote by the Miami Beach Historic Preservation Board. Real estate investor Leon Zwick’s 947 Lincoln Road Investments won 6-1 approval Tuesday for a “near total demolition” of the existing two-story[...]
Read MoreA Brazilian developer who angered Mid-Beach residents with plans for a 17-story oceanfront condominium has relented on one key bone of contention from neighbors across the street: a public beach access path running on the side of the property. But some residents still are still concerned about losing ocean views and sunlight afforded by the thin profile of the existing building. Developer Jose Isaac Peres, a billionaire who founded Brazilian shopping mall operator Multiplan, wants to tear down the 12-story Marlborough House at[...]
Read MoreNew affordable housing is coming to the West Grove, after a major public-private partnership gained final approval from Miami city commissioners. Miami-Dade County is a partner with Platform 3750 LLC, which plans to build the mixed-use project on 2.1-acres at 3750 S Dixie Highway (US 1). The project will bring stores, offices and apartments to the neighborhood, and intends to take advantage of its location at the foot of a pedestrian overpass that connects to Metrorail’s Douglas Road Station. Besides[...]
Read MoreMiami Beach officials will consider a plan for major renovations to one of the city’s largest apartment buildings, plus a proposal for a new boutique condo building. Both proposals will go before the city’s Design Review Board on Oct. 3. MCZ/Centrum Flamingo II and III, a subsidiary of national multifamily investor Aimco (NYSE: AIV), owns the two-tower apartment complex with 1,689 units at 1420 and 1508 Bay Road. It sits along Biscayne Bay a few blocks south of the famous Lincoln Road[...]
Read MoreInside Look: 2017 South Florida Business Journal 40 Under 40 Awards (Photos) The South Florida Business Journal held its 2017 40 Under 40 Awards luncheon recently at Jungle Island in Miami. Nearly 370 people attended the affair, which honors 40 local business leaders 39 or younger for their career achievements and community works. The program is one of the Business Journal‘s most popular honors. As the honorees were announced, fun factoids about them, such as their favorite pastimes and words of wisdom, were[...]
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