When Alirio Torrealba got started in the real estate business in South Florida, he had neither experience in development nor proficiency in English. He somehow still led the wave of new townhome and condo development in Coral Gables, before expanding into multifamily. Just a decade after its founding, his Coral Gables-based MG Developer is sitting on a project pipeline of more than $500 million, which stretches into Hialeah, Miami, Doral and North Bay Village.Torrealba has veered into a faster lane[...]
Read MoreDubai-based developer DAMAC has launched The Delmore in Surfside. The ultra-luxury residential building is being built on the former Champlain Tower site. Zaha Hadid Architects is designing the 12-story building with a flow-through canyon and a GFRC exterior façade designed to look and feel like the sand on the beach behind the building (employees took handfuls of sand from behind the building site). Passersby on Collins Avenue will be able to see a 75-foot-long see-through swimming pool made of acrylic,[...]
Read MoreA developer has put together a plan to bring more residential units to the evolving Wynwood Norte neighborhood, along with several retail spaces. Owner-developer Kambucha LLC plans to construct the new six-story Rose Wynwood building at 444 NW 33rd St. The overall project will amount to 232,095 square feet of floor area, home to 140 residential dwelling units, 14 micro-retail units, and two retail spaces on the ground floor. The city’s Urban Development Review Board unanimously recommended approval with one[...]
Read MoreBercow Radell Fernandez Larkin & Tapanes, an award-winning Miami boutique law firm specializing in land use, zoning, and environmental law, is excited to announce that Emily Balter has been promoted to Partner. A Miami native, Emily specializes in land use, zoning, and environmental law throughout Miami-Dade County. She provides expert guidance to developers, institutions, and landowners on local regulations and permitting, with a focus on plan amendments, rezonings, variances, special exceptions, and platting for residential, commercial, and mixed-use projects. Emily[...]
Read MoreRetail 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[...]
Read MoreGaia, a globally renowned Greek-Mediterranean dining destination from Dubai, is set to debut its first U.S. location in Miami Beach’s South of Fifth community come summer 2025. Conceptualized by British-Nigerian Chef Izu Ani and hospitality entrepreneur Evgeny Kuzin, the restaurant is a flagship of Fundamental Hospitality, with existing locations in Dubai, London, Qatar, Monte-Carlo and Marbella. The upscale eatery, which is named after the Greek goddess of the earth, will open on the ground floor of the Marea Condominium, 801[...]
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