CLIENT NEWS: Developer proposes multifamily, hotel tower in Edgewater

March 25, 2024

An affiliate of Urbanica Hotels has proposed a 35-story, mixed-use tower in the Edgewater neighborhood of Miami. The city’s Urban Development Review Board considered plans for the 0.93-acre site at 3200 N.E. Biscayne Blvd., 237 and 229 N.E. 32nd St., and 246 and 230 N.E. 33rd St. on March 20. The property is owned by Miami-based Green Circle Development LLC, which is led by executives at Urbanica Hotels. The site currently has three older apartment buildings with a combined 22[...]

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CLIENT NEWS: FAA Approves 888 Brickell Supertall

December 13, 2022

Another Brickell supertall has just been approved by the Federal Aviation Administration. 888 Brickell will be permitted to rise to a supertall height of 1,042 feet above ground level, or 1,049 feet above sea level, according to a letter issued by the agency. Approval by the FAA was granted on December 9 after around 8 months of review. The application was filed on March 31. According to an October filing with county planners, 888 Brickell is planned to include: 259[...]

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CLIENT NEWS: URBIN Miami Beach Breaks Ground, With All 69 Units Sold Out

December 13, 2022

URBIN Miami Beach has broken ground, according to a press release. All 69 units are sold out. Location Ventures is the developer, with Touzet Studio the architect. Meyer Davis is designing common areas and amenities. Location Ventures – the Miami-based, integrated real estate firm that delivers thoughtfully-designed and fully-connected real estate projects – announced today the groundbreaking of URBIN Miami Beach. The milestone marks construction commencement for the first-to-market, mixed-use brand that unites design-forward residences for short- or long-term rental[...]

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CLIENT NEWS: First Glass Installed At 648-Foot Miami River Tower

December 13, 2022

The ellipse shape of the 54-story, 648-foot Miami River tower can now clearly be seen, and glass is being installed, new photos by Phillip Pessar show. The Kobi Karp-designed building will become the westernmost tower in Miami to surpass the 600-foot mark. The phase currently under construction will include 632 apartments, retail space, and a public riverfront promenade that will be open to the public. Additional phases are planned. When all is completed, the project will have 1,961 apartments, 29,600 square[...]

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CLIENT NEWS: Hotels partner to upgrade Lincoln Road

December 8, 2022

A beautification project to improve unkempt areas on the east end of Lincoln Road between the commercial district and the beach walk is advancing with the help of the owners of the Ritz-Carlton and the Sagamore South Beach hotels, who are investing millions of dollars. The owners of the Ritz-Carlton, at 1 Lincoln Road, and the Sagamore South Beach, at 1671 Collins Ave., started plans to revitalize Lincoln Road’s 100, 200 and 300 blocks, hiring a team of consultants headed[...]

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CLIENT NEWS: Chetrit nabs $83M construction loan for Collins Park project

December 6, 2022

Chetrit Group got a financial boost for its Collins Park Hotel project, nabbing a $82.5 million construction loan. Kawa, a Hallandale Beach-based international asset manager, provided the financing, according to a spokesperson for Henry Bodek of New York-based Galaxy Capital, which brokered the loan. The new mortgage replaces a $62.5 million construction loan provided by Maxim Capital last year. Chetrit, led by founder Joseph Chetrit, is redeveloping six Postwar modern and Art Deco properties into a 271-room hotel complex spanning 172,000 square feet[...]

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