CLIENT NEWS: Michael Stern pays $61M for Brickell site of Dolce & Gabbana supertall

April 29, 2024

As questions swirl about the future of Michael Stern’s Brooklyn supertall, the developer appears to be all in on Miami. Stern’s JDS Development Group paid $61.2 million for the half-acre site at 888 Brickell Avenue, where the firm plans a Dolce & Gabbana-branded condo-hotel tower, property records show. A company tied to Grupo Mezerhane, led by Mashud Mezzerhane, sold the site, according to records and real estate database Vizzda. New York-based JDS has been in contract for years to acquire[...]

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CLIENT NEWS: “It will be mayhem”: Miami board approves Brickell hotel despite concerns over parking, tiny dropoff area

October 25, 2023

A Miami board approved a 40-key boutique hotel project in Brickell, despite raising concerns over the dearth of on-site parking, as well as the tiny valet pickup and dropoff area. The Miami Planning, Zoning and Appeals Board signed off on a proposal by Habitus Capital to build an eight-story hotel on a 0.1-acre site at 1511 Southwest Second Avenue. The board unanimously approved the project last Wednesday. A Miami board approved a 40-key boutique hotel project in Brickell, despite raising[...]

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CLIENT NEWS: Clara plans 152-unit apartment project on Austin Burke store site in Wynwood

October 23, 2023

Clara Homes wants to develop a 152-unit apartment building on the site of the Austin Burke menswear store in Wynwood. The Miami-based firm is under contract to purchase the 0.4-acre property at 2601 Northwest Sixth Avenue in Miami for $7.7 million, according to a Clara news release. In the sale-leaseback deal, the Austin Burke store could stay open for a year and a half after the deal closes. Records show the Austin Burke store’s owners, including Kenneth Sager, Barry Burke,[...]

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CLIENT NEWS: Miami Beach board approves condo building at Sagamore, Ritz-Carlton

October 12, 2023

A proposal to develop a luxury condo building at the Sagamore and Ritz-Carlton in South Beach is moving forward. The Lowensteins’ Lionstone Development, the Kanavos family’s Flag Luxury Group and the Ben-Josefs’ Ben-Josef Group plan the 30-unit, 15-story building behind the existing Sagamore Hotel South Beach and cantilevered over the existing Ritz-Carlton, South Beach cabana building, at 1617 Collins Avenue and 1 Lincoln Road, respectively. The Miami Beach Historic Preservation Board’s vote for a certificate of appropriateness on Tuesday, a continuation from a[...]

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CLIENT NEWS: Lincoln Road shopping mall slated for upgrades. But there’s a big caveat

October 11, 2023

Miami Beach’s iconic Lincoln Road outdoor mall finally should get much-needed renovations, although some area residents are unhappy they will come with a new nearby condo building. Designed by architect Morris Lapidus — the same visionary behind the Fontainebleau Miami Beach — Lincoln Road today looks nearly the same as it did since its last major makeover in 1960. The mall starts on Alton Road and runs for six blocks east before hitting the beachfront and the adjacent Ritz-Carlton South[...]

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CLIENT NEWS: Construction Permit Submitted For 893-Unit Tower At Miami Worldcenter

October 11, 2023

A construction permit application was submitted this morning for a massive apartment tower at Miami Worldcenter. The new filing states that a 52-story tower is planned to be built, with the following specs: 893 multi-family (rental) units 17,188 square feet of retail Coastal Construction is listed as the contractor. WG 700 North Miami LLC, C/O The Witkoff Group, is listed as the contact. The specs are similar to a June UDRB filing for the first phase of a project at[...]

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