CLIENT NEWS: Swerdlow proposes replacing Miami public housing complexes with 5,000-plus apartments with affordable, workforce units

March 12, 2025

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[...]

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CLIENT NEWS: Jackie Soffer’s Turnberry, Belmont plan Aventura apartments for seniors

January 30, 2024

Turnberry and Belmont Village Senior Living are planning an 11-story senior living project with 153 apartments in Aventura. Belmont Village Aventura at 3510 Yacht Club Way will mark the third project in South Florida and the first partnership with Turnberry for the Houston-based senior living developer, a press release states. Last month, A Belmont Village affiliate paid $8 million for the 1.4-acre vacant site from a trust linked to Turnberry, the Aventura-based development firm led by CEO Jackie Soffer, records show.[...]

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CLIENT NEWS: MG Developer completes assemblage for Metro Parc South

January 30, 2024

MG Developer completed the assemblage for its planned Metro Parc South multifamily project in Hialeah. The firm paid $16.3 million in three deals for 1.8 acres along East 24th and 25th streets, near Ninth Avenue. In the biggest purchase, MG paid $10.5 million for the sites at 975 East 24th Street, as well as at 934 and 954 East 25th Street, according to records. An entity led by Michael Klinger, of real estate firm Saber Fund, sold the properties that[...]

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CLIENT NEWS: Uncut gem: Avi Dishi, Elysee and Pan Am buy Yair Levy’s downtown Miami building

January 30, 2024

Yair Levy’s involvement in an attempted takeover of downtown Miami’s jewelry district is kaput. Now, Avi Dishi, Elysee Investments and Pan Am Equities are betting that Levy’s gamble of converting a 1920s, nine-story building into a bedazzling crown will pay off. An affiliate of Levy’s New York-based Time Century Holdings sold the mixed-use property at 1 Northeast 1st Street for $27.5 million to Dishi, a New York-based real estate investor, as well as affiliates of New York-based Pan Am and[...]

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CLIENT NEWS: 1.5M Square Foot Sawyer’s Walk Now 100% Leased, Completion In Summer

January 30, 2024

The retail and office space at Sawyer’s Walk is now 100% leased, with completion expected this summer. It is the largest mixed-use project in Overtown in decades, with 1.5 million square feet. The development will include 175,000 square feet of retail, including a 50,000-square-foot Target store, a 25,000-square-foot Aldi supermarket, and new locations for Ross Dress for Less, Five Below, Burlington and Tropical Smoothie Cafe. There will also be 130,000 square feet of office space. MSC Group has taken all[...]

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CLIENT NEWS: 154-Unit Luxury Rental Building Planned In Wynwood Under Live Local Act

January 24, 2024

Real estate firm Clara Homes has closed on the purchase of a Wynwood property where it plans a luxury apartment building under Florida’s Live Local Act. Clara paid $7.7 million for a 17,000-square-foot site at 2601 NW 6th Avenue, or $450 per square foot. Seller financing was provided at 5%, and a sale leaseback for at least a year to a year and a half was also part of the deal. Jordan Karp represented the buyer. Austin Burke was the[...]

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