MG Developer’s pipeline keeps pumping along as Alirio Torrealba’s firm is about to score a $39 million construction loan for a Coral Gables townhome project. Miami-based Pine Bay Capital is providing the financing for The George, a planned development of 13 two-story townhouses at 717 Valencia Avenue that represents the final phase of MG Developer’s Biltmore Square community, a press release states. The loan is set to close soon, an MG Developer spokesperson said. Coral Gables-based MG Developer already completed[...]
Read MoreLivWrk wants to build a 1,363-unit Live Local Act project in Wynwood, as developers continue to supersize their proposed projects under the state’s affordable and workforce housing law. The Brooklyn-based firm wants to develop three 45-story towers with 23,200 square feet of retail and 912 parking spaces on a five-lot assemblage on the northwest corner of North Miami Avenue and Northwest 24th Street in Miami, according to a city board meeting’s agenda. The development site is at 2400, 2412 and[...]
Read MoreKushner Companies nabbed a $115 million construction loan for a luxury apartment development it is building in Surfside, The Real Deal has learned. New York-based Kushner, led by CEO Laurent Morali and President Nicole Kushner Meyer, secured the financing from Arbor Realty Trust’s Arbor Realty SR, according to a source. The developer broke ground on the planned three-story, 68-unit project at 9300 Collins Avenue in mid-May. The non-waterfront building is expected to be completed at the end of 2026, according[...]
Read MoreMelissa Tapanes Llahues has made her mark not only in the legal profession but also in the greater Miami community. A respected zoning and land use attorney and civic leader, she became a named partner at Bercow, Radell, Fernandez, Larkin & Tapanes, PLLC in 2020, where she represents major landowners, developers, institutional clients, and small business owners in securing complex approvals across all levels of government. Now, Melissa adds another milestone to her distinguished career: Melissa was installed on May[...]
Read MoreD.R. Horton proposes a 247-unit residential development in south Miami-Dade County. The Arlington, Texas-based homebuilder plans 190 townhomes and 57 single-family homes on the southwest corner of Southwest 344th Street and 193rd Avenue in unincorporated Miami-Dade County, according to an application filed early this month. The 26.2-acre assemblage consists of 10 lots with different owners. D.R. Horton is under contract for the land at an undisclosed price. The owners are Pedro Sifuentes and Yessenia Paola Pelaez; Nguyen Tran Investments; Felix[...]
Read MoreBraman Motors is pitching an ambitious expansion at its longtime home near Wynwood — a project that would create an 11-story automotive building and two 60-story residential towers. The automotive empire led by Norman Braman, 92, a former owner of the Philadelphia Eagles and a prominent political donor, has 21 parcels of land in the Edgewater neighborhood and acquired three properties near the existing dealership for $13 million in 2022. The development proposed for those sites was approved with conditions[...]
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