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: Alex Karakhanian sells Miami Design District retail building for $8M

March 18, 2022

Alex Karakhanian’s Lndmrk Development sold a fully leased Miami Design District retail showroom for $8.5 million. Investor Glenn Braswell Jr. bought the 4,500-square-foot building at 3740 Northeast Second Avenue. Kitchens by Studio Kaza, the local operating partner of Brazil-based furniture manufacturer Kitchens, leases the building, according to the broker’s news release. Tony Arellano and Devlin Marinoff of Dwntwn Realty Advisors represented the seller, and the brokerage’s Max Loria represented Braswell. The one-story building was constructed in 1951 on just over[...]

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CLIENT NEWS: Aimco teams up with Brooklyn firm to develop mixed-use project in Miami’s Edgewater

March 17, 2022

A Brooklyn real estate firm is partnering with apartment real estate investment trust Aimco to develop a mixed-use project in Miami’s Edgewater. The development site is on the same block where Aimco has been assembling land and gut-renovating the Hamilton on the Bay apartment tower. Beitel Group paid $45 million for the 2.8-acre property at 3333 Biscayne Boulevard, two months after Denver-based Aimco’s $1.7 million purchase of 440 Northeast 34th Street, according to Marcus & Millichap, which represented the seller.[...]

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CLIENT NEWS: Developer Files Plans To Build Major Supertall Tower In Brickell

March 10, 2022

Plans for a new Brickell Supertall tower called Major have been formally filed with Miami-Dade County Planners. Major is proposed to rise 1,049 feet above sea level, or 82 stories, according to the newly filed plans. The 1,049-foot height is the maximum that the Federal Aviation Administration has approved for Miami thus far. Major is proposed to include: 259 residential units 50,490 square feet of commercial / food and beverage spaces Approximately 250 parking spaces (stacked spots accessible by car[...]

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CLIENT NEWS: South Dade boom: D.R. Horton wants to build townhouses in Homestead, another developer proposes apartments in Naranja

March 10, 2022

Two developers are proposing new housing projects in south Miami-Dade County, showing the area has caught the eye of builders amid high demand linked to population growth. Major homebuilder D.R. Horton, based in Arlington, Texas, wants to build a 67-townhouse complex in Homestead, and D.E.V. & Associates proposes a 202-unit multifamily building in the Naranja neighborhood in unincorporated south Miami-Dade, according to preliminary applications submitted to the county. D.R. Horton, whose chairman is Donald Horton and president and CEO is[...]

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CLIENT NEWS: Commissioners To Vote On Utilities Deal For Seaplane Base

March 3, 2022

Miami commissioners are scheduled to vote on a utilities deal that would allow a seaplane base to be built in the waters off downtown Miami. Nautilus Enterprises is developing the new terminal, which will be operated by Chalk’s Airline Inc. Most of the space in the new project will be devoted to restaurant use, despite it being an air terminal. According to agenda item scheduled for Miami’s commission next week, the seaplane terminal will have: 30,483 square feet of full[...]

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