Bercow Radell Fernandez Larkin & Tapanes, representing Fairhaven Propco LLC, is proud to announce a transformative restoration and modernization plan for the historic Miami Springs Nursing and Rehab Center at 201 Curtiss Parkway. Following successful appearances before the Miami Springs Historic Preservation Board and City Council, the firm secured Certificates of Appropriateness for rehabilitation and site improvements, together with approval of a Future Land Use Map (FLUM) Amendment, Rezoning, a Text Amendment creating the Medical and Residential Care (MRC) District,[...]
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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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The new owners of Shelborne South Beach are embarking on major renovations at the historic Art Deco-style hotel. Westdale Properties, a Toronto-based real estate developer; King Street Capital Management, a New York-based global investment management company; and Cedar Capital Partners, a London-based real estate investment firm, are putting $85 million into the renovation project, the companies announced in a joint press release. Located 1801 Collins Avenue in Miami Beach, the 82-year-old hotel will have its guest rooms, restaurants, lobby, pool[...]
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You’ll probably never be able to swing, shoot or putt like Rory McIlroy, but you can give it the old college try next month at one of his favorite bars. It’s called Puttery, and it’s set to open next month in the Wynwood area. McIlroy and his Symphony Ventures team invested about $10 million in this so-called eatertainment concept, with locations already in Dallas, Washington, D.C., and Chicago. The 34-year-old Irishman, who helped with the design and selected all the[...]
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A 37-story building in Miami may be converted into a new hotel and residence if a proposed plan is approved by city officials. One Broadway, a former condominium and short-term accommodation building located at 1451 S. Miami Ave in Brickell, could get a makeover that modernizes the mixed-use property, according to a letter of intent sent to City of Miami Planning & Zoning Departments in late November. The project will be discussed Dec. 20 during an Urban Development Review Board[...]
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A Miami-based developer obtained a $33.75 million construction loan for a mixed-use project near the Tri-Rail/Metrorail Transfer Station in Hialeah. New York-based S3 RE 1025 E25 Funding LLC provided the mortgage to 1025 Hialeah Development LLC, managed by Francisco Alberto Espinosa, Oscar Javier Moreno, Jose Antonio Villegas Velez and Juan Felipe Jaramillo Uribe. The lender assumed a loan granted in 2021 and increased its amount by $30.95 million. The developer purchased the one-acre site at 1025 to 1033 East 25th[...]
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