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CLIENT NEWS: Retail Shops at Newly Completed $400M Overtown Complex ‘Packed’

January 22, 2025

Retail shops at Overtown’s new $400M Block 55 complex are filled with customers, developer Michael Swerdlow told the SFBJ. The Target store that anchors the complex is “full” and “packed” with customers, he said, while the Aldi supermarket there is also “packed all the time.” The 1.5- million square foot Block 55 opened last year, with the retail space fully leased. It includes around 200,000 square feet of retail, 130,000 square feet of office space (taken for a HQ space[...]

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CLIENT NEWS: The end of Wynwood? Massive projects would remake Miami’s hippest neighborhood

June 25, 2024

Miami's Wynwood may be the hottest, hippest neighborhood in America's hottest city: A dynamic urban fusion of repurposed industrial buildings and warehouses interspersed with new, low-rise buildings housing shops, bars and restaurants, offices and apartments, all of it steeped in artful design and curated graffiti murals. Its success is no accident. The reinvigorated Wynwood, once a derelict industrial zone, is the deliberate result of unique planning guidelines and development limits painstakingly laid out a decade ago by district property owners[...]

CLIENT NEWS: Arquitectonica-designed 48-story tower in Wynwood aims to surpass the neighborhood’s 12-story height limit under Florida’s Live Local Act

June 25, 2024

A proposed 48-story tower in Wynwood seeks to quadruple the neighborhood's height limit, thanks to the Live Local Act. Traditionally, new buildings were capped at 12 stories per city regulations. However, the 2023 Florida Legislature's Live Local Act allows developers to bypass these limits by ensuring at least 40% of new units are designated as workforce housing, accommodating those earning up to 120% of the area's median income. The project involves a 1.51-acre site at 2110, 2118, and 2134 N.[...]

CLIENT NEWS: Miami Beach site sells for $20M, 7-story hotel planned

June 14, 2024

A developer purchased a mixed-use building in Miami Beach for $20 million, with plans to replace it with a hotel. Washington Gardens Inc. and Washington Gardens MB LLC, both managed by James Resnick in Miami Beach, sold 1509 and 1515 Washington Ave. with a 11,458-square-foot retail building and a 13-unit apartment building to 1515 Washington Acquisition LLC, co-owned by Xaver Kriechbaum and Gavin Crescenzo of Aventura-based Keyah Real Estate Group. The deal included $15 million in seller financing. The land[...]

CLIENT NEWS: Regency Development launches sales of Miami Beach townhome project

June 10, 2024

Regency Development Group is trying something new in Miami Beach. The developer, led by Igor Michin, Alex Troyanovsky and his son Michael Troyanovsky, is launching sales of Villa17, a 10-unit townhouse project in Miami Beach, according to a press release. Regency tapped Douglas Elliman's Darin Tansey to lead sales of the townhomes planned for 1719 Jefferson Avenue, and prices range from $3.5 million to $4.2 million, Michael Troyanovsky confirmed. Units will range from 2,500 to 3,000 square feet and span[...]

CLIENT NEWS: Rivian to open first South Florida showroom at Aventura Mall

June 10, 2024

Rivian Automotive, Inc. is on track to open its first South Florida retail showroom at Aventura Mall. On June 4, the mall's owner, Turnberry Associates, received unanimous approval from the Aventura City Commission, to move forward with its plan to welcome another electric vehicle retailer. Turnberry requested permission to open a Rivian location, which would be the second electric vehicle showroom at Aventura Mall. The city's land development regulations dictate commercial properties with shopping centers are allowed to have "no[...]