2Future is betting big on Miami. The family office and its real estate arm, QriarCity, are building an impressive portfolio of buildings in the area. Earlier this year, we spoke with the 2Future team about their first major Miami Beach commercial project, 1333 Dade, a five-story boutique office space. Now they’re unveiling plans for their next development: 1440 Michigan, a 23-unit luxury residential project tailored to mid-term rentals (MTR). We sat down with 2Future’s CEO Luis Felipe Silveira and Real[...]
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Real estate firm Clara Homes has closed on the purchase of a Wynwood property where it plans a luxury apartment building under Florida’s Live Local Act. Clara paid $7.7 million for a 17,000-square-foot site at 2601 NW 6th Avenue, or $450 per square foot. Seller financing was provided at 5%, and a sale leaseback for at least a year to a year and a half was also part of the deal. Jordan Karp represented the buyer. Austin Burke was the[...]
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MSC Group has announced its new home in Downtown Miami. According to a statement, the MSC Group’s $100 million investment in Miami-Dade will bring approximately 250 South Florida-based team members from MSC Cargo, MSC Cruises and Explora Journeys under one roof in a new state-of-the-art facility within Block 55 at Sawyer’s Walk. MSC Cargo has had a presence Miami-Dade for more than 25 years and now MSC Cruises is moving to establish the Cruise Division’s North American headquarters as part[...]
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The Surfside commission gave Kushner Companies its blessing for a planned luxury apartment development that’s expected to include a synagogue. New York-based Kushner plans a nearly 90-unit residential project with a roughly 1,200-square-foot community or religious center on the 2.9-acre site at 9300 Collins Avenue. The commission voted 3 to 2 to pass a resolution approving Kushner’s site plan and a resolution for religious land use relief. The latter allows the developer to build underground parking to meet the National[...]
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A fine dining restaurant that was originally slated to open in Miami Beach this fall will likely get its debut next year. New York-based Catch Hospitality Group updated its website to notify customers that the company’s seafood restaurant Catch is coming in 2024. When ready, Catch Miami Beach will open in the city’s affluent South of Fifth neighborhood at 200 South Pointe Drive. According to the plans revealed in late 2022, the two-floor restaurant will occupy 22,000 square feet and[...]
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A pair of development firms scored a $47.3 million construction loan for a five-story office building in Miami Beach’s South of Fifth neighborhood. Bizzi+Bilgili — a partnership between Bizzi & Partners and Turkish investor Serdar Bilgili — and Sumaida + Khurana are developing The Fifth Miami Beach. Former Google CEO Eric Schmidt is a partner in the project. The 60,200-square-foot building, which will include retail and restaurant space, will be at 944 Fifth Street and 411 Michigan Avenue. The Miami[...]
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