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CLIENT NEWS: Soil Testing Underway At Downtown Miami Property Where Thousands Of Residential Units Planned

May 17, 2022

Soil testing appears to now be underway at the former Miami Arena site, according to a tweet by Kyle Merville. The biggest residential project in downtown Miami’s history is now moving through the approval process for the property. Developer Witkoff Group submitted preliminary plans to Miami-Dade in January for a development on the site with: 2,351 residential units Up to 540,000 square feet of office space 49,999 square feet of retail space 2,457 parking spaces There would be a total of[...]

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CLIENT NEWS: Jon & Vinny’s, milk + honey & more at The Goodtime Hotel

May 10, 2022

The Goodtime Hotel in South Beach, backed by rapper Pharrell Williams and hospitality tycoon David Grutman, scored eight new tenants. They are: Jon & Vinny’s, a Los Angeles restaurant offering Italian food; milk + honey spa; juice and smoothie brand Pure Green; designer vintage eyewear store Vintage Frames Company; gym franchise F45; alternative medicine provider Binske, which offers legal cannabis products; the luxury watch and jewelry store VAULT; and swimwear company Vilebrequin, according to a news release from hotel developers Michael[...]

CLIENT NEWS: Land of development opportunity: Builders bet on south Miami-Dade

May 10, 2022

Miami real estate development duo Jose Hevia and Stephen Blumenthal are not afraid of taking risks, let alone catching heat. While developers’ proposals often anger residents who are fearful of traffic congestion and the loss of green space, Hevia and Blumenthal’s plan is so controversial, it’s on a scale that Miami-Dade County has not seen for almost a decade. The partners envision an up to 9.2 million-square-foot industrial complex outside the Urban Development Boundary, an invisible line that restricts the[...]

CLIENT NEWS: JV pays $100M for Southland Mall, eyes mixed-use redevelopment

May 4, 2022

A joint venture paid $100.3 million for a shopping mall in a Cutler Bay Opportunity Zone, with plans for a major renovation while adding a residential component. North Palm Beach-based Electra America and Miami-based BH Group teamed up to acquire the 808,776-square-foot indoor mall on a nearly 80-acre site at 20505 South Dixie Highway, according to a press release. Avison Young’s Michael T. Fay, John Crotty, David Duckworth and Brian de la Fé brokered the Southland Mall sale. The seller is Wells[...]

CLIENT NEWS: Major Food Group to Unveil New Steakhouse, Dirty French, in the Heart of Miami’s Brickell Neighborhood

May 3, 2022

Major Food Group (MFG), the globally acclaimed hospitality brand that has taken Miami’s restaurant scene by storm, will soon unveil its first-ever project in Brickell, Dirty French Steakhouse, a glamorous, energetic, and extraordinary interpretation of the classic steakhouse. Located at 1200 Brickell Avenue, the restaurant welcomes guests beginning April 29th and is poised to become one of the most celebrated and sought-after steakhouses in America. This new steakhouse from MFG Co-Founders Jeff Zalaznick, Mario Carbone, and Rich Torrisi breathes new life into the storied genre while[...]

CLIENT NEWS: Dezer sells North Miami Beach properties to Ari Pearl and partners for $31M

May 3, 2022

Dezer Development sold an assemblage in North Miami Beach for $31.1 million to a partnership led by Ari Pearl. Dezer sold properties anchored by Nova Southeastern University’s former North Miami Beach campus at 1750 Northeast 167th Street to Pearl, Matt Press of EquiShares and Isaac Khabie of ARK Ventures, according to sources. The buyers plan to build an apartment project on the 8.3-acre assemblage, as multifamily developers continue to bet on South Florida’s rising rents and demand for new apartments.[...]