CLIENT NEWS: Miami Beach site sells for $20M, 7-story hotel planned (Photos)

June 14, 2024

A 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[...]

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CLIENT NEWS: Biscayne Boulevard Hotel-Residential Tower Advances

May 30, 2024

A new hotel and residential tower, along with office and commercial space, is proposed for busy Biscayne Boulevard in Miami’s Edgewater neighborhood. Owner-developer Green Circle Development LLC plans the new building at 3200 NE Biscayne Blvd. The overall project will have 523,318 square feet of floor area and include 108 lodging units, 110 residential units, about 5,000 square feet of commercial space, 2,000 square feet of office uses, and a parking podium garage for up to 332 vehicles. The city’s[...]

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CLIENT NEWS: 2,350-Unit Redevelopment Of Miami Arena Site Moves Ahead With Tree & Dewatering Permits

May 28, 2024

Construction permitting for a massive new residential project at the former Miami Arena site continues to advance, with new permits being filed. In a sign that foundation work could soon begin, DERM records show that a Class V Dewatering Permit Application was filed for the site earlier this month. On May 10, a Tree Permit application was filed with Miami’s Building Department. Over 40 trees will be removed or relocated, while over 40 will be planted. Review isn’t yet underway.[...]

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CLIENT NEWS: Warehouse near Miami River could be Redeveloped

May 23, 2024

H&M Development aims to build a self-storage facility on the north side of Little Havana. Miami’s Urban Development Review Board [approved] plans for the 27,160-square-foot site at 2210 N.W. 14th Street, just south of the Miami River, on May 15. It currently has a 12,433-square-foot warehouse constructed in 1979. Tenants include a cargo shipping company, a religious bookstore and a party rental store, according to the application. Aventura-based H&M Development has the property under contract from Lakeland-based Conigsa Corp. The[...]

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CLIENT NEWS: Catch Miami Beach set to open on South Pointe Drive

May 23, 2024

Catch Hospitality Group will open its namesake seafood restaurant in Miami Beach on May 10. The New York-based firm initially announced its Catch restaurant would make its debut in 2023 at 200 South Pointe Drive, but the opening was pushed a year. Catch Miami Beach is in the city’s affluent South of Fifth neighborhood. The two-floor restaurant will occupy 23,000 square feet with indoor dining space and a retractable roof open-air terrace. Rockwell Group, a New York-based architecture and planning[...]

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CLIENT NEWS: RCLCO takes big hit offloading Miami Design District buildings

May 16, 2024

In a perplexing move, RCLCO Fund Advisors offloaded two retail buildings in Miami’s Design District, one of the nation’s top retail real estate submarkets, at a steep $17.9 million discount. In one deal, Bethesda, Maryland-based RCLCO sold a two-story, 23,645-square-foot building at 3800 Northeast Miami Court to an affiliate of Miami Beach-based Comras Company, records show. Comras is led by CEO Michael Comras. In the other deal, RCLCO sold a single-story, 9,906-square-foot building at 3946 North Miami Avenue to Kohler[...]

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