As commuters unload from carpools passing through the parking lot of a Tri-Rail station on a recent weekday morning, they’re greeted by a symphony of construction while waiting for their trains. Buzz saws and percussion drills crank up just 10 feet from the train platform, where workers in green vests and yellow safety helmets are building a new housing development. The eight-story residential building, named Metro Station 1, broke ground in May with a target completion by January 2026. The[...]
Read MoreEl Car Wash was founded by two Miami-native entrepreneurs in 2010 and they grew to four locations. In 2019, two young NYC-based private equity partners, Geoff Karas and Justin Landau, arrived with new energy and an expanded vision for the business. It’s a classic story of reinvention and capital infusion. When COVID-19 swept in, Landau and Karas were already in hyper-drive. Although they had to shift their focus due to the pandemic, the velocity of expansion never stopped. Today, El[...]
Read MoreAby Rosen wants to build a 104-story supertall with residential units and a hotel in downtown Miami, joining a group of developers who aim to reach new heights in the city. New York-based RFR Realty, led by Rosen, proposes a 1,049-foot tower with 252 hotel keys, 1,074 residential units and a 1,013-space garage at 130 and 136 Biscayne Boulevard, and 141 Northeast Third Avenue, according to an application RFR filed to Miami-Dade County last month. A spokesperson for the firm[...]
Read MoreFor 98 years, the Freedom Tower has stood as a symbol of Miami, a cherished, unifying landmark in a city of constant change. Now it’s shutting down. But fear not, the closure is only temporary, and all for the better. Miami Dade College is embarking on a badly needed $25 million renovation of the tower, a national historic landmark and one of the few buildings in the city that fully deserves the overused label of “iconic.” The two-year rehabilitation project,[...]
Read MoreYet 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[...]
Read MoreAmid 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[...]
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