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CLIENT NEWS: MG Developer lines up $39M loan to build Coral Gables townhome project

July 17, 2025

MG Developer’s pipeline keeps pumping along as Alirio Torrealba’s firm is about to score a $39 million construction loan for a Coral Gables townhome project. Miami-based Pine Bay Capital is providing the financing for The George, a planned development of 13 two-story townhouses at 717 Valencia Avenue that represents the final phase of MG Developer’s Biltmore Square community, a press release states. The loan is set to close soon, an MG Developer spokesperson said. Coral Gables-based MG Developer already completed[...]

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Developer Wants Miami Beach Marina

May 20, 2016

Fort Partners offers $100M for development rights of Miami Beach Marina site The developers of the Surf Club Four Seasons have big plans for a prime slice of city-owned waterfront property in Miami Beach, but neighborhood residents and city commissioners are skeptical about the proposal to add more residential towers south of Fifth Street. To help the project to move forward, Fort Partners and the operator of the Miami Beach Marina complex are dangling a $100 million offer in exchange for the[...]

Developer and Tow Company Spar

April 22, 2016

Beach Tow has operated illegally for decades, developer in land dispute says Negotiations deteriorated, and Beach Towing allegedly asked for millions to settle dispute After taking a mean turn, a legal battle between a developer and an infamous Miami Beach towing company is suddenly playing out like one of those nasty curbside spats from South Beach Tow. Beach Towing, the company notorious for hooking up motorists’ vehicles under dubious circumstances and then charging a steep fee to return them, may have tangled with[...]

South Beach Building Gains Historic Designation

April 20, 2016

Extensive renovations are planned for the future hotel at 1700 Alton Road The area surrounding West Avenue, 17th Street and Alton Road on South Beach is quickly becoming a “go-to” destination for boutique hotels catering to the thousands of visitors who flock to Lincoln Road. A 116-room Residence Inn recently opened on 17th Street at the northern end of West Avenue and a restored five-story building built in 1922 that was once the second tallest high-rise building on Miami Beach[...]

Client Applies for New Office Building

April 13, 2016

Oppenheim-designed office building proposed in Miami-Dade An office building crafted by Oppenheim Architecutre + Design has been proposed near Aventura. Miami-Dade County officials received an application for the project on April 5 from 2655 Developers LLC. It wants to build a six-story office building at 2655 N.E. 186th Terrace, which is on the west side of the Florida East Coast Railroad and just east of West Dixie Highway. The site currently has an auto repair shop. Although the proposal[...]

Compromise Reached to Save Home

March 28, 2016

Star Island mansion preserved, moved to make way for new home For the second time in two years, a historic home will be moved to make room for a new mansion Preservationists pleased that Kiehnel and Elliott mansion from 1931 was spared The 7,000 square-foot home at 22 Star Island Drive was lifted up on hydraulic dollies Wednesday and moved to another part of the property. Miami Design Preservation League Provided to the Miami Herald Another historic mansion on Star Island[...]