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CLIENT NEWS: Michael Stern pays $61M for Brickell site of Dolce & Gabbana supertall

April 29, 2024

As questions swirl about the future of Michael Stern’s Brooklyn supertall, the developer appears to be all in on Miami. Stern’s JDS Development Group paid $61.2 million for the half-acre site at 888 Brickell Avenue, where the firm plans a Dolce & Gabbana-branded condo-hotel tower, property records show. A company tied to Grupo Mezerhane, led by Mashud Mezzerhane, sold the site, according to records and real estate database Vizzda. New York-based JDS has been in contract for years to acquire[...]

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CLIENT NEWS: Jeffrey Soffer’s Fontainebleau buys Story nightclub building

March 7, 2023

Jeffrey Soffer, who co-owns the Story nightclub with hospitality impresario David Grutman, bought the venue’s South Beach building for $23 million. Soffer’s Fontainebleau Development bought the 17,000-square-foot property at 124-136 Collins Avenue in Miami Beach from an entity managed by Patricia Kaine, according to records and real estate database Vizzda. The buyer financed the deal with a $15.2 million loan that lists Motcomb Estates, the Reuben brothers’ United Kingdom-based investment vehicle, as the lender and the mortgage’s administrative agent. The two-story[...]

CLIENT NEWS: Ricardo Dunin, Edifica plan Domus Brickell Park condo-hotel

March 7, 2023

Oak Capital’s Ricardo Dunin and Peruvian firm Edifica plan a condo-hotel development in Brickell, with a second site nearby under contract and more planned. North Development, a joint venture between Dunin and Edifica, is launching sales of Domus Brickell Park, a 12-story, 171-unit condo-hotel planned for 1611 Southwest Second Avenue, Dunin said. It would take about two years to build and could be completed in late 2025. Units will range from studios to two-bedroom units, and from 330 square feet[...]

CLIENT NEWS: Subway Opens New Global Dual-Headquarters in Miami

March 6, 2023

Subway has officially opened its new global dual headquarters in the Waterford Business District. Located at 1000 Sub Way—a new street name designated by Miami-Dade County—the space is uniquely designed to advance the brand’s multi-year transformation journey to improve across all aspects of the business, including its workspaces. The office features the first-in-Subway-history Innovation Center and Mock Restaurant as well as a modern, open layout with multiple collaborative spaces, a premier fitness center, and a spacious cafeteria. The Innovation Center and[...]

CLIENT NEWS: Developers Breaking Ground Soon On Two Additional 39-Story Towers At Metrorail Station

March 6, 2023

The developers of Link at Douglas announced that they are now moving forward with plans for the second and final phase of the project. 13th Floor Investments and Adler Group are partnering on the project. In a press release this week, the developers said they plan to break ground in late 2023. Miami-Dade records show that the second phase received planning approval last year. According to plans submitted to county planners, the upcoming second phase is planned to include two[...]

CLIENT NEWS: Temporary Fire Station Planned To Expedite Construction At 1 Southside Park

March 6, 2023

Miami commissioners are scheduled to vote on a plan for a temporary fire station that would help expedite construction at Brickell’s massive 1 Southside Park. According to the text of the proposed resolution, site development for the 64-story tower is already underway. The city engaged a third-party engineer to review and comment on stucco cracking at the existing fire station and the deep soil mixing excavation containment system design at the construction site, the resolution continues. Both the city and the[...]