CLIENT NEWS: Akara Partners Bought Acre of Miami Worldcenter for $18.85M

July 27, 2020

A piece of the last vacant parcel at Miami Worldcenter sold on Friday. The Chicago-based development firm Akara Partners bought an acre from Miami Worldcenter Associates for $18.85 million, according to a press release. The land, beside the Metromover Station, is located at Northeast Second Ave., from Northeast 10th St. to Northeast 11th St. Only 36,273 square feet can be developed because the remainder of the property, or 8,227 square feet, is located underneath the Metromover Station. Akara is planning two towers,[...]

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COVID-19 and Construction: What You Need to Know — May 4

May 1, 2020

Partner Melissa Tapanes Llahues will be a panelist on a webinar Monday, May 4 at 2 p.m. sponsored by FIU’s President’s Council, discussing the state of South Florida’s construction industry and the long term effect of the COVID-19 pandemic. For more information, contact 305.348.1622 or email prescoun@fiu.edu.

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CLIENT NEWS: David Martin proposing mixed-use tower at Miami Beach Marina

April 20, 2020

Terra’s David Martin hopes to develop a 23-story tower at the Miami Beach Marina in the city’s South of Fifth neighborhood. Martin spoke before the city’s Finance and Economic Resiliency Committee on Friday, which met via video conference, kicking off a process that would require residents to eventually vote on ballot questions tied to extending and amending the city’s lease of the marina, selling air rights and possibly a request to increase the allowable floor area ratio. “Without community support, this[...]

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COVID-19 and Land Use Needs: What You Need to Know

April 7, 2020

Dear Clients and Friends, We hope that you and your families are staying safe and healthy.  Our firm’s transition to remote work has proven seamless.  We are fully operational and working collaboratively with our clients, project teams, industry partners and local government officials to ensure that our matters, from acquisition due diligence, project design, and entitlements to permitting, inspections, and licensing, are moving forward. During these uncertain times, you may be concerned about the ability to proceed with your development[...]

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CLIENT NEWS: Target store signs for planned Overtown block

April 1, 2020

Retail giant Target has signed a letter of intent to open a store inside a planned mixed-use retail and residential development in Overtown called Block 55, according to the developer of the expansive project. The developer, in concert with the board of directors of the Southeast Overtown/Park West Community Redevelopment Agency (CRA), plans to construct the project at eight and 12 stories, on land at 249 NW Sixth St. The project was considered recently by the city’s Urban Development Review[...]

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CLIENT NEWS: Lennar scores $45M construction loan for Wynwood apartment project

March 30, 2020

A subsidiary of Lennar scored a $44.8 million construction loan for an apartment project on the former site of Wynwood Yard. The Miami-based company secured the loan from Santander Bank to construct the 11-story, 189-unit apartment building with nearly 17,000-square-feet of commercial space and 324 parking spots, records show. The project will be known as Wynwood Green. Lennar purchased the 1.26-acre property in January 2019 for $17 million. The property is at 48, 56, 64, 70, 82, 90 and 98 Northwest 29th[...]

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