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CLIENT NEWS: Celebrity-favorite restaurant from Dubai coming to Miami Beach

December 11, 2024

Gaia, 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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CLIENT NEWS: Owner of 37-story Brickell tower proposes new hotel and residence

December 26, 2023

A 37-story building in Miami may be converted into a new hotel and residence if a proposed plan is approved by city officials. One Broadway, a former condominium and short-term accommodation building located at 1451 S. Miami Ave in Brickell, could get a makeover that modernizes the mixed-use property, according to a letter of intent sent to City of Miami Planning & Zoning Departments in late November. The project will be discussed Dec. 20 during an Urban Development Review Board[...]

CLIENT NEWS: New York-based lender provides $34 million loan for Hialeah project

December 26, 2023

A Miami-based developer obtained a $33.75 million construction loan for a mixed-use project near the Tri-Rail/Metrorail Transfer Station in Hialeah. New York-based S3 RE 1025 E25 Funding LLC provided the mortgage to 1025 Hialeah Development LLC, managed by Francisco Alberto Espinosa, Oscar Javier Moreno, Jose Antonio Villegas Velez and Juan Felipe Jaramillo Uribe. The lender assumed a loan granted in 2021 and increased its amount by $30.95 million. The developer purchased the one-acre site at 1025 to 1033 East 25th[...]

CLIENT NEWS: 645-Foot Miami River Tower With Rooftop Crown

December 26, 2023

Some of the final architectural features of the 54-story Miami River apartment tower under construction in Brickell can now be seen, photos by Phillip Pessar show. The tower stands at 645 feet – one of the tallest apartment buildings in the city, and the tallest that far west. When complete, it will have 632 apartments, along with retail space and a riverfront promenade open to the public. Multiple other towers are also planned in the complex, known as The River[...]

CLIENT NEWS: Developers of Ritz-Carlton South Beach condo project tap Elliman for sales

December 19, 2023

The planned redevelopment of the Ritz-Carlton Residences, South Beach and adjacent Sagamore Hotel is moving forward. Douglas Elliman’s Eklund-Gomes team will lead sales of the 15-story, 30-unit condo project, according to a post on social media. It’s one of three new properties the team recently took on. Fredrik Eklund and Pietro Belmonte are leading sales of the project. The Lowensteins’ Lionstone Development, the Kanavos family’s Flag Luxury Group and the Ben-Josefs’ Ben-Josef Group are the developers of the Ritz/Sagamore project.[...]

CLIENT NEWS: Miami To Aventura Train Service Gets Environmental Approval

December 19, 2023

A key environmental permit has been granted for Miami-Dade’s northeast corridor commuter rail train service. NEPA environmental permitting approval for the project was obtained by Miami-Dade in November, Brightline told investors yesterday. Miami-Dade now has $294 million of the estimated $578 million project cost now committed from the County and the State. The remainder is expected to be provided by the Federal Capital Investment Grant New Starts program after Miami-Dade completes the engineering phase of the project. A total of[...]