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CLIENT NEWS: MG Developer plans hundreds of apartments on hotel site

February 19, 2026

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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CLIENT NEWS: Target store signs for planned Overtown block

April 1, 2020

Retail giant Target has signed a letter of intent to open a store inside a planned mixed-use retail and residential development in Overtown called Block 55, according to the developer of the expansive project. The developer, in concert with the board of directors of the Southeast Overtown/Park West Community Redevelopment Agency (CRA), plans to construct the project at eight and 12 stories, on land at 249 NW Sixth St. The project was considered recently by the city’s Urban Development Review[...]

CLIENT NEWS: Lennar scores $45M construction loan for Wynwood apartment project

March 30, 2020

A subsidiary of Lennar scored a $44.8 million construction loan for an apartment project on the former site of Wynwood Yard. The Miami-based company secured the loan from Santander Bank to construct the 11-story, 189-unit apartment building with nearly 17,000-square-feet of commercial space and 324 parking spots, records show. The project will be known as Wynwood Green. Lennar purchased the 1.26-acre property in January 2019 for $17 million. The property is at 48, 56, 64, 70, 82, 90 and 98 Northwest 29th[...]

CLIENT NEWS: Spotify to Open a Headquarters Office at the Oasis in Wynwood, Which Will Open Later This Year

March 5, 2020

The developers of The Oasis in Wynwood have announced that Spotify will anchor the project with a new headquarters office. The Oasis is under construction. It is scheduled for completion in late 2020, developers announced last week. The project will include an outdoor food hall featuring multiple food and beverage concepts around a 35,000 square foot heavily landscaped courtyard. There will also be a stage with nightly live music, and a bar. A 75-foot tower will feature rotating art installations.[...]

CLIENT NEWS: These architects designed an 84-story tower in NYC. Now they’re coming to Brickell.

March 4, 2020

SHoP Architects will design a 62-story tower with 1,000 luxury condo units and 200 hotel rooms on the western edge of downtown’s Brickell area, according to Michael Stern, founder and managing principal of JDS Development. SHoP will collaborate with Kobi Karp Architecture & Interior Design on the project. JDS, the New York developer behind the Jean Nouvel-designed Monad Terrace in Miami Beach. SHoP — designers of Brooklyn’s Barclays Center — also worked with JDS on New York’s 84-story Steinway Tower,[...]

CLIENT NEWS: Developer could rebuild Brickell fire station with 62-story project

February 25, 2020

JDS Development Group is looking to assemble property in Brickell, including a city of Miami fire station, to build a 62-story project. The New York-based developer, led by Michael Stern, would build a new fire station for the city within its mixed-use project, and contribute millions of dollars to the city. The project would be directly west of the Brickell Metrorail Station, where the city wants to foster more development to encourage ridership. A similar, but smaller deal, for the fire[...]