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CLIENT NEWS: Billionaire Braman’s auto group plans Miami high-rise towers, dealership expansion (Photos)

April 16, 2025

Braman Motors, led by billionaire Norman Braman, has filed plans for its property in Miami to facilitate both expansion of the dealership and potential residential development. The city’s Urban Development Review Board will consider the special area plan (SAP) from Braman Motors for its property at 2060 Biscayne Blvd., 1930 N.E. 2nd Ave.; 160 N.E. 20th St.; 64, 106, 120, and 146 N.E. 20th St.; and 135 N.E. 19th Terrace on April 16. The SAP would need approval from the[...]

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CLIENT NEWS: Chrysler Building Owner Proposes 104-Story Tower In Downtown Miami

August 1, 2023

Yet another 1,049-foot supertall has just been proposed by a developer for a property in downtown Miami. The tower is planned to rise 104 stories, according to newly filed documents. Preliminary plans show it would include: 1,074 residential units (averaging 1,268 square feet) 252 hotel keys (averaging 540 square feet) 1,013 parking spaces The Yve Hotel, an adjacent parking garage, and a 12-story office building at 141 NE 3rd Ave would be demolished. The adjacent 30-story New World Tower, owned[...]

CLIENT NEWS: South Beach retail slump: Investors buy Collins Avenue building at 75% discount

July 28, 2023

Amid a South Beach retail slump, Northeast investors bought a Collins Avenue building at a deep discount, with plans for a Michelin-starred chef to open a restaurant at the long-vacant site. Garfield and Rebecca Spencer bought the two-story building at 624 Collins Avenue in Miami Beach for $6 million, or 75 percent less than the property’s sale price seven years ago, according to the broker and records. “It’s more indicative of the neighborhood conditions,” broker Drew Kristol said, adding that[...]

CLIENT NEWS: Coral Way Office-Retail Building Seeks Zoning OK

July 27, 2023

A new mixed-use commercial development is targeted for Coral Way with over 120,000 square feet of class-A offices and retail shops. Miami City Commissioners are to hear the second reading of a resolution to rezone the corner lot on Coral Way and Southwest 31st Avenue where the Brito Miami Private School sits. If the city votes to rectify the zoning discrepancy, a proposed five-story office building will rise alongside the neighborhood’s existing commercial corridor. The acre lot, at 3030 SW[...]

CLIENT NEWS: Witkoff, Monroe score record $430M construction loan for Shore Club

July 26, 2023

Witkoff and Monroe Capital secured $430 million in construction financing for their Shore Club project in Miami Beach, likely marking the largest such loan for a residential development in South Florida — at a challenging time in the market. J.P. Morgan provided the financing for the luxury condo and resort development planned for 1901 Collins Avenue, according to a press release. New York-based Robert A.M. Stern is designing the oceanfront project alongside Kobi Karp Architecture & Interior Design. The 49[...]

CLIENT NEWS: Hospitality Tracker: Philippe Chow plans South Beach location

July 25, 2023

New York-based Philippe Chow hopes to occupy the coveted restaurant space at One Ocean South Beach, according to site plans submitted to the city of Miami Beach. The eatery would offer its Beijing-inspired cuisine in the entire ground-floor space at the condominium in the heart of the South of Fifth neighborhood. The building is owned by Los Angeles-based Black Lion Investment Group. Founded by its namesake chef, the first Philippe Chow restaurant opened in Manhattan in 2005. In 2019, a[...]