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CLIENT NEWS: Tesla plans to open showroom, service center at former Toys R Us

September 13, 2024

Tesla could convert a long-shuttered Toys R Us store in Kendall into an electric vehicle showroom and service center. The Austin, Texas-based automaker (Nasdaq: TSLA) filed a pre-application with Miami-Dade County officials concerning the roughly 45,000-square-foot retail building at 8789 S.W. 117th Ave. It’s located just east of the Palms at Town & Country mall and a few blocks from the Kendall Drive exit of Florida’s Turnpike. The Toys R Us store there closed in 2018 as the retailer shut[...]

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CLIENT NEWS: Panattoni picks up former Miami Herald headquarters in Doral

September 3, 2024

Panattoni Development jumped into the Doral office submarket, picking up a two-story building that previously housed the headquarters for Miami Herald and El Nuevo Herald. An affiliate of Irvine, California-based Panattoni, led by Carl Panattoni, acquired the 9-acre property at 3511 Northwest 91st Avenue, records and real estate database Vizzda show. The deal breaks down to roughly $189 a square foot for the 158,268-square-foot building completed in 1997. A Cushman & Wakefield team led by Wayne Ramonski and Mark Gilbert[...]

CLIENT NEWS: Michael Swerdlow dishes on Overtown project and other recent deals

September 3, 2024

For nearly a half-century, Michael Swerdlow has been a driving force in retail and mixed-use development in Miami-Dade County. In the early 2000s, the Coconut Grove-based developer teamed up with Bloomfield Hills, Michigan-based Taubman Centers to build Dolphin Mall, a 1.4 million-square-foot outlet retail and entertainment center in Sweetwater. He cashed out in 2002 when Taubman bought out his 50 percent stake in Dolphin Mall for $97 million. The same year, Swerdlow negotiated an agreement with the city of North[...]

CLIENT NEWS: MG Developer proposes 552 apartments for final phases of Doral project

August 28, 2024

MG Developer, led by CEO Alirio Torrealba, has the final phases of the mixed-use Midtown Doral project under contract, but it’s looking to make changes to the development program. The City Council approved the amended settlement agreement and master development agreement for Midtown Doral phases IV, V and VI on Aug. 14 at First Reading. MG Doral Partner LLC, an affiliate of Coral Gables-based MG Developer, has 7.2 acres on east side of Northwest 107th Avenue, between Northwest 86th Street[...]

CLIENT NEWS: 1,049-Foot Dolce&Gabbana Tower Submitted For Review

August 28, 2024

Plans for the Dolce&Gabbana Tower were submitted to Miami-Dade planners last week. According to a letter attached to the application, the developer is requesting administrative site plan review for the new building. The new filing shows the tower will rise 81 stories and include: 259 residential units 102,805 square feet of commercial uses, including retail, restaurant, spa, and gym 273 parking space Elevations show the tower will reach exactly 1,049 feet, which is the maximum permitted by the FAA in[...]

CLIENT NEWS: MG expands development pipeline into Doral

August 27, 2024

MG Developer is adding Doral to its mixed-use project pipeline. The Coral Gables-based firm and its partner, Ernesto de Luca, who owns a printing company in Doral, are planning Doral Parc, a complex of three buildings with 552 apartments, nearly 23,000 square feet of ground-floor retail and two garages, a press release states. The city of Doral recently approved the mixed-use project, which will be the fourth, fifth and sixth phases of Midtown Doral, a master-planned community, the release states.[...]