Developer Michael Swerdlow wants to develop 5,730 multifamily units with some affordable and workforce apartments, replacing five public housing complexes across Miami. Coconut Grove-based Swerdlow Group’s project also will include 370,000 square feet of commercial space such as offices and a school; 250,000 square feet of open space and amenities and a new Tri-Rail passenger train station, according to Miami-Dade records. The project would replace the existing public housing complexes of Victory Homes at 520 Northwest 75th Street, Newberg at[...]
Read MoreThough his close friends and family might quibble over the precise ingredients required for a good Joseph Chetrit story, they can all agree on one thing: There’s probably a negotiation involved. Robert Verrone’s favorite took place during the 2006 FIFA World Cup, when the top debt broker and his father attempted to enter a soccer stadium with Chetrit, Chetrit’s wife Nancy and their four children. Verrone had secured prime fourth-row seats, and the group had flown into Germany for the[...]
Read MoreVertical construction is now set to begin at a Brickell property where the 54-story Miami River tower is planned. The newly installed cranes are eventually planned to rise 760 feet above ground, according to a filing with the FAA. The Miami River phase 1 tower itself is planned to top off with a permanent height of 640 feet above ground, making it the only tower to surpass the 600-foot mark this far west in Miami. The first phase of Miami[...]
Read MoreMiami-Dade County commissioners again postponed a final vote on expanding the Urban Development Boundary for an 800-acre industrial complex on farmland near Biscayne Bay, as developers maneuvered Wednesday to secure the needed political support for a change environmental groups are fighting. This was the second deferral developers secured in two weeks, after a May 19 meeting where they failed to win the nine commission votes needed to move the line that serves as a boundary separating rural areas from more[...]
Read MoreNew over-the-top details of the Major supertall tower planned in Brickell have been released as the developer prepares to launch sales. Here’s a look at some of the key newly released points: Major will have a silver and gold pool. “I want to celebrate this sexy City with an indulgent swim in the only silver and gold pool in Miami,” said tower designer William Sofield of Studio Sofield. The porte cochere will be trimmed in gold leaf and clad in[...]
Read MoreA Finvarb Group joint venture can rev up construction on its Thompson Hotel-anchored mixed-use project in South Beach after obtaining $44.6 million in financing. Banesco USA provided a $22.3 million construction loan to the Finvarb Group affiliate that owns the vacant redevelopment site at 1685 Washington Avenue, records show. The 0.6-acre property is adjacent to Soundscape Park and the New World Symphony building designed by Frank Gehry. Finvarb Group, led by principal Ronny Finvarb, is partnering with Chahine Investment Group,[...]
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