Developer Michael Swerdlow wants to develop 5,730 multifamily units with some affordable and workforce apartments, replacing five public housing complexes across Miami. Coconut Grove-based Swerdlow Group’s project also will include 370,000 square feet of commercial space such as offices and a school; 250,000 square feet of open space and amenities and a new Tri-Rail passenger train station, according to Miami-Dade records. The project would replace the existing public housing complexes of Victory Homes at 520 Northwest 75th Street, Newberg at[...]
Read MoreMiami'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[...]
Read MoreA 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.[...]
Read MoreA 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[...]
Read MoreRegency 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[...]
Read MoreRivian 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[...]
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