CLIENT NEWS: Wynwood development site sells for $54 million

March 31, 2026

A potential development site in Miami’s Wynwood Arts District sold for $54 million. Ultimate Equity, managed by David Sedaghati of Miami-based Ultimate Shoes, sold the 1.92-acre property at 2401 N.W. Sixth Ave., plus 520 to 590 N.W. 26th St. to GK Real Estate 5 LLC, managed by Gary Krat in Highland Beach. Property data firm Vizzda confirmed the parties in the deal. It currently has 64,629 square feet of commercial buildings that were constructed in the 1950s. It was assembled[...]

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CLIENT NEWS: Miami Beach project promises to house working class in tiny units. Rents start at $2,000

April 16, 2024

A new law has paved the way for twice as many apartments for a Miami Beach development that targets the city’s working class with capped rents. After being presented and approved two years ago, Mia will return to Miami Beach’s Planning Board in late April with double the number of floors and apartments than originally planned after the passage of the Live Local Act. The state law allows developers to build higher and add more apartments — disregarding local zoning[...]

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CLIENT NEWS: Hotel & Residential Tower with 104 Floors Submitted to Zoning Review

April 10, 2024

The developer planning the 130 Biscayne tower in Downtown Miami submitted the project to zoning review yesterday. The tower is planned to top off at 104 stories and 1,049 feet, the maximum permitted by aviation rules in the area, the filing states. It will also include a rooftop pool and amenity area for residents on the 104th floor. For now, the tower is known as 130 Biscayne. According to the latest filing, it is planned to include: 1,074 residential units[...]

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CLIENT NEWS: Crescent Heights’ $40M Whole Foods project in Miami Beach gets green light

April 10, 2024

Russell Galbut’s plan for a $39.8 million Whole Foods Market-anchored retail building in Miami Beach is getting a kick start after nearly a decade of inactivity. The Miami Beach Design Review Board on Tuesday approved the planned four-story project spanning 199,000 square feet at 1901 Alton Road. Miami-based Crescent Heights, led by Galbut, Sonny Kahn and Bruce Menin, is under contract to purchase the 1.3-acre site from Wells Fargo. Crescent Heights would demolish the existing single-story building, currently occupied by[...]

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CLIENT NEWS: Crescent Heights proposes 280-unit condo tower in Miami’s A&E District

April 1, 2024

Crescent Heights proposes a 280-unit condo tower in Miami’s Arts & Entertainment District, near the firm’s planned redevelopment of a school board site. The Miami-based firm, led by Russell Galbut, wants to build the roughly 26-story building between Northeast First Court and Northeast First Avenue, north of Northeast 14th Street, according to an application Crescent Heights filed to Miami-Dade County this month. The project would have 22,000 square feet of storage; 1,500 square feet of commercial space, including retail; and[...]

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CLIENT NEWS: First Look Inside Brickell’s Supertall 90-Story Dolce&Gabbana Condo Hotel

April 1, 2024

Dolce&Gabbana and developer JDS unveiled new details and renderings yesterday of a 90-story supertall condo hotel they are planning at 888 Brickell. The 1,049-foot building will be the tallest in Miami, the developer said. It will feature ivory travertine and matt black steel beams, along with a gold beaded ‘necklace’ towards street level, with Studio Sofield the architect. Inside the building will be a Grand Lobby with two bars, six food and beverage outlets, a signature restaurant on the ground[...]

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