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,[...]
Read MoreMiami Beach is getting closer to having more splashy meeting space for business or leisure. The Fontainebleau Miami Beach's new convention center is expected to be completed in November and it is already booking reservations for business and social events well into 2026, said Phil Goldfarb, chief operating officer of Fontainebleau Development, in an interview with the Herald. The building was topped off in April, marking completion of the structural framework. Dubbed the Coastal Convention Center, the new space next[...]
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Bercow Radell Fernandez Larkin & Tapanes is proud to announce its recognition in the prestigious Legal 500 United States 2024. The firm has been honored with a Tier 2 ranking, nationwide, in the category of Land Use and Zoning. Legal 500, known for its rigorous research and assessment of law firms worldwide, has acknowledged the firm for its exceptional expertise and client service in land use and zoning law. This accolade is a testament to the firm's commitment to delivering[...]
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Miami's Wynwood may be the hottest, hippest neighborhood in America's hottest city: A dynamic urban fusion of repurposed industrial buildings and warehouses interspersed with new, low-rise buildings housing shops, bars and restaurants, offices and apartments, all of it steeped in artful design and curated graffiti murals. Its success is no accident. The reinvigorated Wynwood, once a derelict industrial zone, is the deliberate result of unique planning guidelines and development limits painstakingly laid out a decade ago by district property owners[...]
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A proposed 48-story tower in Wynwood seeks to quadruple the neighborhood's height limit, thanks to the Live Local Act. Traditionally, new buildings were capped at 12 stories per city regulations. However, the 2023 Florida Legislature's Live Local Act allows developers to bypass these limits by ensuring at least 40% of new units are designated as workforce housing, accommodating those earning up to 120% of the area's median income. The project involves a 1.51-acre site at 2110, 2118, and 2134 N.[...]
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A developer purchased a mixed-use building in Miami Beach for $20 million, with plans to replace it with a hotel. Washington Gardens Inc. and Washington Gardens MB LLC, both managed by James Resnick in Miami Beach, sold 1509 and 1515 Washington Ave. with a 11,458-square-foot retail building and a 13-unit apartment building to 1515 Washington Acquisition LLC, co-owned by Xaver Kriechbaum and Gavin Crescenzo of Aventura-based Keyah Real Estate Group. The deal included $15 million in seller financing. The land[...]
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