As the landmark, publicly owned Vizcaya Museum and Gardens starts work on an extensive, long-planned restoration and enhancement of the estate’s historic farm village, the initiative has lured a large gift from billionaire Ken Griffin — and a surprising proposition from the financier that’s sure to draw significant scrutiny. On Friday, Vizcaya’s leaders are set to unveil a revised, detailed master plan for a revamped farm village along with a $20 million donation to the project from Griffin, the founder[...]
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The Federal Aviation Administration has approved a plan to install two temporary tower cranes to assist with construction at the 1 Southside Park megaproject. Approval was issued by the agency on March 15. According to a letter sent to the developer, two cranes are permitted to rise up to 891 feet and 834 feet. The permanent height of the tower is planned to be 62 stories – 754 feet above ground, or 766 feet above sea level. Foundation work is already[...]
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In Brickell, the first tower at The River District has reached level 30 of construction, according to contractor G.T. McDonald Enterprise. Developer Chetrit Group has said that The River District will “create a riverwalk experience for the first time in the city.” The apartment tower now under construction is planned to top off at 54 stories, or 648 feet above ground. Eventually, a total of four towers are planned at the complex. Two will be rental buildings, with the other two[...]
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Ruger Holdings KG plans to convert an apartment building near the Miami Beach Convention Center into a hotel, The Real Deal has learned. On Monday, the Miami Beach Preservation Board will consider Cologne, Germany-based Ruger’s proposal to renovate and partially demolish Riviera Plaza, a Mediterranean Revival building at 337 20th Street. Completed in 1926, the three-story structure has 56 one- and two-bedroom apartments, records show. Ruger, led by CEO René Gerdom, wants to add two floors, as well as a rooftop pool[...]
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A developer plans to construct a midrise mixed-use apartment building with accessory artist space and co-working space in Miami's Little River area. Owner-developer Little River An District 7501 LLC presented its plans for Noli 75, prepared by Studio McG Architecture, to the city's Urban Development Review Board. The board recommended approval with conditions. The multi-family building is 10 stories and will bring 169 units to the property, comprised of 68 one-bedroom and 87 two-bedroom apartments and 14 three-bedroom aparunents. Along[...]
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Jeffrey Soffer, who co-owns the Story nightclub with hospitality impresario David Grutman, bought the venue’s South Beach building for $23 million. Soffer’s Fontainebleau Development bought the 17,000-square-foot property at 124-136 Collins Avenue in Miami Beach from an entity managed by Patricia Kaine, according to records and real estate database Vizzda. The buyer financed the deal with a $15.2 million loan that lists Motcomb Estates, the Reuben brothers’ United Kingdom-based investment vehicle, as the lender and the mortgage’s administrative agent. The two-story[...]
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