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 MoreMarangoni fashion school inks $13.5M lease at Design District building Lease signed in the $60 psf, triple net range for seven-story, 22,000 sf building A Milan-based fashion school with locations in Florence, Paris, London and Shanghai will soon open its first school in the United States in Miami’s Design District, The Real Deal has learned. Istituto Marangoni signed a $13.5 million, 10-year lease for the Design District’s tallest building at 3701 Northeast Second Avenue. Developer Alex Karakhanian of LNDMRK Development completed the building in December, and[...]
Read More2017 SOUTH FLORIDA LEGAL GUIDE RECOGNIZES THREE BERCOW RADELL FERNANDEZ & LARKIN ATTORNEYS MIAMI) Jan. 24, 2017 – The 2017 South Florida Legal Guide recognized three Bercow Radell Fernandez & Larkin attorneys – shareholders Jeffrey Bercow, Michael Radell and partner Mickey Marrero – as “Top Lawyers” in its 17th annual edition. Recognized as an invaluable source of information for both the business and legal communities, the Guide includes listings of Top Lawyers, Top Law Firms and Top CPAs, along with professional profiles and expertise columns written by attorneys,[...]
Read MoreMiami-Dade’s industrial market is going through its own slowdown Speaking before an audience of real estate professionals on Friday, Todd Watson, senior vice president for real estate investment firm DCT Industrial Trust, said industrial warehouse owners are feeling pressure to sell rather than hold onto properties because the margins from rental income doesn’t justify the cap rates. “It makes it tough for guys like me to put capital out there when the rental rates are not coming in,” Watson said.[...]
Read MoreComras’ mixed-use retail project for 5th Street in South Beach moves forward Commercial real estate developer and broker Michael Comras hopes to transform development on Fifth Street, the gateway to Miami Beach. Comras is planning a new retail complex on Fifth Street, which city officials describe as “one of the most heavily traveled commercial corridors on the Beach,” but which has little pedestrian foot traffic compared with nearby Alton Road or Washington Avenue. Just over a year ago, Comras closed on a $370[...]
Read MoreUS 1 project to rise at Douglas Road Metrorail Station A proposed mixed-use project on US 1 promising new office, retail and residential uses intends to take advantage of its location at the foot of a pedestrian overpass that connects to the Metrorail Douglas Road Station. Along with being transit oriented, Platform 3750 plans a mix of workforce housing and market-rate apartments. Platform 3750 LLC proposes to build on 2.1-acres at 3750 S Dixie Hwy. Miami’s Urban Development Review Board[...]
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