A collection of two-story buildings with orange stucco walls sits on a quiet lot along Miami’s busy Northeast Second Avenue. A few blocks west, single-story white homes with air-conditioning units wedged in windows and clotheslines in courtyards cluster underneath Interstate 95. These are some of Miami’s public housing complexes, built from the 1940s to the 1970s along a mile stretch in the Little River neighborhood, and now primed for their next era. Over the next eight years, Swerdlow Group plans[...]
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A proposal for Surfside’s first Live Local Act project with an 11-story building in an area capped at four floors has riled the coastal municipality. Two developers want to build Ocean Walk Residences & Hotel with 33 residential and hotel units on the 0.3-acre site at 250 95th Street, according to an application filed in November. The applicants are Florida Postal Holdings, which is tied to Andrew Spodek, and an entity called Ocean Walk Surfside LLC, registered to an attorney[...]
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Bercow Radell Fernandez Larkin & Tapanes is proud to announce that Michael Larkin and Nicholas Rodriguez have achieved the first-ever Live Local Act application approval in the City of Miami Beach, a major milestone for housing and resiliency policy. After encountering resistance to a traditional code amendment for a 100% workforce housing project, our team strategically pivoted to the Live Local Act. We secured a favorable interpretation that allowed our client to maximize density, then successfully navigated the City’s complex[...]
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Coral Rock Development Group scored a $54 million construction loan for a Live Local Act project in Miami’s Allapattah. Developers across South Florida have seized on the state workforce and affordable housing law by filing a flurry of proposals, but few have advanced their projects to the financing and construction stage. Coral Gables-based Coral Rock plans to start construction in the first quarter on the eight-story, 227-unit Dulce Vida apartment building on a 1.3-acre site at 1785 Northwest 35th Street,[...]
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MG Developer and Prosper Group filed plans for a 30-story luxury condo tower along the water in North Bay Village. MG Prosper NBV LLC, a partnership between MG Developer, led by Alirio Torrealba, and Prosper Group, led by Jay Roberts, filed an application to Miami-Dade County’s Shoreline Development Review Committee for the 0.98-acre site at 1681 and 1725 N. Bay Causeway. It currently has an 18,758-square-foot office building that was constructed in 1961. The developers purchased the property for $30.9[...]
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PMG, Michael Simkins’ Lion Development Group and Alex Karakhanian’s Lndmrk Development scored a $92.5 million construction loan for their short-term-rental friendly condo project in Miami’s Overtown neighborhood. The partners secured financing from New York-based Maxim Capital Group, according to a news release. The loan is for One West Twelve Residences (One W12), the 22-story, 372-unit condo project planned for 105 Northwest Eleventh Terrace. The partners launched sales for One W12 last year, which is 97 percent presold, according to the[...]
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