CLIENT NEWS: Robert Rivani’s Black Lion pays $63M for Miami Beach mixed-use building

April 23, 2024

Robert Rivani’s Black Lion hunted down its biggest purchase in South Florida to date, but will have to compete with other heavy hitter developers in Miami Beach’s office market. The Miami-based commercial real estate investment firm paid $62.5 million for a Miami Beach mixed-use building, The Real Deal has learned. Black Lion is paying at a 42 percent discount off the previous sale price seven years ago. Black Lion acquired the ground lease for The Lincoln, a six-story building with[...]

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CLIENT NEWS: Major Food Group, developer detail plan for Miami skyscraper

April 25, 2022

JDS Development Group and Major Food Group have filed detailed plans for a Miami condo that could become the tallest building in Florida. It was first announced in December that The Major would rise 1,049 feet with 259 condos and an assortment of restaurants at 888 Brickell Ave. Recently, 888 Brickell Owner LLC, owned by JDS Development's Michael Stern, filed both zoning and pre-application documents with Miami-Dade County officials that reveal more details on the 82-story project. In addition to the 259 condos,[...]

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CLIENT NEWS: Clara Homes wins approval for 28-unit first phase of luxury rentals in Bay Harbor Islands

April 21, 2022

Miami-based Clara Homes won approval for the 28-unit first phase of a luxury apartment project planned in Bay Harbor Islands. Construction of the six-story, 28-unit Clara Bay Harbor building will start by August, Clara Homes founder James Curnin told The Real Deal. It will be the first of three planned buildings with a total of 150 apartments. The first phase is expected to open in the summer of 2023 on a development site at 10281 West Bay Harbor Drive, within[...]

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CLIENT NEWS: Foundation Pour, Vertical Construction Underway At Block 55

April 14, 2022

The large mixed-use Overtown project known as Block 55 has had a foundation pour. Vertical construction is underway, with several cranes now installed. FAA records show that several cranes were recently approved for the site. There will be a total of four cranes installed, according to a social media post by John Longarini. Photos by Ryan RC Rea last month show that two of the cranes have already been installed. The foundation pour took place in recent days, Longarini wrote.[...]

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CLIENT NEWS: Major Supertall Tower Planned In Brickell Submitted To FAA At 1,049 Feet

April 12, 2022

A proposal to build an 82-story supertall tower on Brickell Avenue called Major has been submitted to the Federal Aviation Administration. Major is planned to top off at a height of 1,042 feet above ground, or 1,049 feet above sea level, according to the new FAA filing The application was submitted on March 31. The developer of the project, JDS, is now based in Miami, according to its website. The company recently completed the 1,428-foot 111 West 57th Street in[...]

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CLIENT NEWS: Piling Complete, Excavation To Begin At Miami’s Westernmost 600-Foot Tower

April 7, 2022

The general contractor for the 54-story Miami River tower in Brickell says that piling work is now nearly complete. Contractor G.T. McDonald has confirmed that excavation at the site is set to begin this month. A tower that will rise 640 feet is now under construction. Later, multiple other towers are planned to rise at the site. The first phase is being funded by a $310 million construction loan from Madison Realty Capital. A total of 632 apartments, retail space, and a[...]

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