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CLIENT NEWS: Coral Rock scores $54M construction loan for Live Local Act project in Allapattah

December 30, 2025

Coral Rock Development Group scored a $54 million construction loan for a Live Local Act project in Miami’s Allapattah. Developers across South Florida have seized on the state workforce and affordable housing law by filing a flurry of proposals, but few have advanced their projects to the financing and construction stage. Coral Gables-based Coral Rock plans to start construction in the first quarter on the eight-story, 227-unit Dulce Vida apartment building on a 1.3-acre site at 1785 Northwest 35th Street,[...]

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INDUSTRY NEWS: Miami Among The Top Cities For New Apartment Construction In 2023

September 7, 2023

Miami is projected to be one of the top U.S. cities for new apartment completions in 2023, according to a new analysis by RentCafe. Overall, the Miami metro area is expected to complete construction of 20,906 new apartments this year, the fourth most of any metro in the U.S. The City of Miami alone is expected to add 9,362 apartments – the most of any city in the metro area by far, and one of the highest of any city in[...]

CLIENT NEWS: Kushner picks up distressed Surfside site from Boymelgreen, lender

September 7, 2023

Kushner Companies paid $40 million for a distressed development site in Surfside, sources told The Real Deal. New York-based Kushner worked with the seller, Shaya Boymelgreen, and the lender, Fuse Group, to assume the debt and buy the property at 9300 Collins Avenue. The deal closed on Tuesday afternoon, the sources said. Kushner, led by Charles Kushner, his daughter Nicole Kushner Meyer and Laurent Morali, plans a luxury rental development. The vacant property is zoned for about 100 units with a maximum building[...]

CLIENT NEWS: Mount Sinai Buys Miami Development Site for $32M

September 7, 2023

Looks like a new Mount Sinai Medical Center will be erected in Miami. The nonprofit hospital chain paid $32 million for a developable site near Miami International Airport, property records show. The 5.6-acre parcel, which now functions as a surface parking lot for the Carlux Miami dealership, is between 8200 and 8250 SW Eighth Street, adjacent to Southwest 82nd Avenue in Westchester, Fla. It’s zoned under limited business use, meant for retail and service convenience facilities that satisfy the essential and frequent needs of a residential neighborhood. “As South[...]

CLIENT NEWS: Island Approves Developer’s 6-Story Apartment Complex

August 28, 2023

Clara Homes won approval from the town of Bay Harbor Islands for a six-story apartment complex. This is the third apartment complex planned on the island by Miami-based Clara Homes, led by James Curnin. Located on 1.3 acres at 10200 to 10290 E. Bay Harbor Drive, Clara Bay Harbor was approved for 77 apartments and 158 parking spaces, with required valet parking and car stacking with mechanical lifts. There would be a breezeway in the middle of the building. The[...]

CLIENT NEWS: Groundwater Report Filed With DERM For Miami Arena Site, Where 2,346 Units Planned

August 25, 2023

A Limited Groundwater Assessment has been submitted to DERM for the former Miami Arena site, where a massive redevelopment is planned. The assessment supports the approval of drainage plans now in permitting for the project’s first phase, an engineer wrote. A paving and grading plan shows that Phase 1 will include the easternmost tower, on the corner of North Miami Avenue and NW 8th Street. Phases 2 and 3 were not included in the schematics submitted in May. In June,[...]