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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: Pre-Application Filed For 280-Unit Multifamily Tower Near Arsht Center

March 29, 2024

A pre-application was filed with Miami-Dade planners yesterday for a downtown Miami residential tower. The building is being proposed under the county’s Rapid Transit Zone zoning code. The new tower is planned to rise 26 stories, and will be a multi-family residential building, according to a letter from the developer’s representative. Plans for the tower include 280 dwelling units and 1,502 square feet of commercial/retail. Total floor area will be 184,135 square feet. No parking is required under county code,[...]

CLIENT NEWS: Design Refinements Submitted For 800-Room Grand Hyatt Miami Beach

March 29, 2024

Developers planning the Grand Hyatt Convention Center hotel in Miami Beach have submitted design refinements to a city board for review. The Miami Beach Design Review Board had requested the changes at a previous meeting, and also requested that the updated designs be submitted for review once they had been made. The developer is additionally requesting the board approve a variance to allow the building to encroach into a ten-foot ground-level setback required by city code. A meeting of the[...]

CLIENT NEWS: Signage & Crane Installed At 67-Story Mercedes-Benz Tower Construction Site

March 29, 2024

Signage and a crane have been installed at the Brickell site where a 67-story Mercedes-Benz branded tower is under construction. Construction on the tower has actually been underway for some time, but the Mercedes-Benz branding and technical silver color scheme was only unveiled last month. A total of 791 Mercedes-Benz residences are planned. In addition to the residences, the development will also include 130,000 square feet of amenities and hospitality space, 200,000 square feet of office space, health and fitness[...]

CLIENT NEWS: Developer proposes multifamily, hotel tower in Edgewater

March 25, 2024

An affiliate of Urbanica Hotels has proposed a 35-story, mixed-use tower in the Edgewater neighborhood of Miami. The city’s Urban Development Review Board considered plans for the 0.93-acre site at 3200 N.E. Biscayne Blvd., 237 and 229 N.E. 32nd St., and 246 and 230 N.E. 33rd St. on March 20. The property is owned by Miami-based Green Circle Development LLC, which is led by executives at Urbanica Hotels. The site currently has three older apartment buildings with a combined 22[...]

CLIENT NEWS: Riviera Horizons to launch sales of Pagani-branded North Bay Village condos

March 12, 2024

Mikael Hamaoui’s Riviera Horizons is set to launch sales this spring of a Pagani-branded North Bay Village condo project. The planned 28-story, 70-unit Pagani Residences is the first ever condo development for the Italian hypercar brand, according to a press release. It marks the latest addition to the slew of branded residences in development across South Florida, and the first such project in North Bay Village. A number of South Florida’s branded projects bear luxury car logos, including Porsche Design Tower, developed by Gil[...]