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[...]
Read MoreA 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[...]
Read MoreA developer has filed plans with Miami’s Urban Development Review Board for renovation of Brickell’s 36-story One Broadway tower. Extensive exterior and interior renovations are planned at the 13-year-old tower which will improve the Miami skyline, a letter from the developer said. The renovation will include converting the existing 371 residential units to 123 hotel suites and 198 residences. The redesign includes relocating and adding major amenities, renovations to improve the façade, improved pedestrian level experience, new continuous glass balconies,[...]
Read MoreA construction permit for an apartment tower at Miami Worldcenter has been updated. The December 1 update is for the folio number and address. It now correctly lists the former Miami Arena site as the construction address. According to the permit, a 52-story tower is planned to be built, with: 893 multi-family (rental) units 17,188 square feet of retail Coastal Construction is listed as the contractor. As of this morning, the full construction plans haven’t been filed, so review is[...]
Read MoreEuropean hotel chain CitizenM is expanding in Miami-Dade. The Netherlands-based hospitality company announced it is opening its third Miami hotel, this one in South Beach next year. Slated for a summer 2024 opening, the 168-room hotel is setting up shop in Miami Beach at 1212 Lincoln Road. CitizenM, which brands itself as an “affordable luxury” brand, is the hotel’s developer. Miami-based architecture firm Gensler is working on the designs established by citizenM’s go-to architecture agency, concrete Amsterdam, which is headquartered[...]
Read MoreThe Gindi Family’s ASG Equities sold a retail building in the Miami Design District for $22 million. Alo Yoga, the property’s current tenant, acquired the nearly 5,000-square-foot single-story store at 101 Northeast 40th Street, according to records and Vizzda. The seller, an ASG affiliate, paid $10.5 million for the building in 2013. ASG is a New York-based real estate investment firm led by CEO Raymond Gindi. The Gindisfounded Century 21 Department Stores, a New York chain that offered clothes, perfumes and[...]
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