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CLIENT NEWS: MG Developer lines up $39M loan to build Coral Gables townhome project

July 17, 2025

MG Developer’s pipeline keeps pumping along as Alirio Torrealba’s firm is about to score a $39 million construction loan for a Coral Gables townhome project. Miami-based Pine Bay Capital is providing the financing for The George, a planned development of 13 two-story townhouses at 717 Valencia Avenue that represents the final phase of MG Developer’s Biltmore Square community, a press release states. The loan is set to close soon, an MG Developer spokesperson said. Coral Gables-based MG Developer already completed[...]

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CLIENT NEWS: Michael Stern’s JDS scores upzoning approval to build South Beach condo tower

April 29, 2025

The Miami Beach commission granted Michael Stern’s JDS Development Group and Gianluca Vacchi’s GV Development Group initial approvals on an upzoning for a planned luxury condo tower in South Beach. Commissioners unanimously passed on first reading zoning amendments that will allow the developer to build a taller and slimmer tower on the site at 1250 West Avenue. The final votes for the project, including a development agreement, are expected in a June 25 meeting. The project now calls for a[...]

INDUSTRY NEWS: Hialeah affordable housing incentives get initial green light

April 29, 2025

Developer-driven legislation in Hialeah to reward more density to projects that set aside apartments for low-income residents is likely to win final approval. On Wednesday, the Hialeah City Council unanimously approved on first reading an ordinance that gives developers up to an additional 25 units per acre if they designate 15 percent of a project’s units for tenants who earn up to 60 percent of Miami-Dade County area median income, or AMI, currently $79,400. Hialeah councilman Jesus Tundidor, the legislation’s[...]

CLIENT NEWS: Vast Braman Motors Edgewater remake to add two 60-story towers

April 25, 2025

Braman Motors, a long successful and foundational business venture in the City of Miami, is about to expand dramatically with a growth spurt of sweeping proportions that would include two new 60-story residential towers. The Braman company, utilizing special development options in the Miami 21 zoning code, plans to start construction on a phased redevelopment of several properties in the Edgewater neighborhood, ultimately bringing hundreds of new residential units, new retail-commercial uses, office space, parking for thousands of vehicles, and[...]

CLIENT NEWS: Billionaire Braman’s auto group plans Miami high-rise towers, dealership expansion (Photos)

April 16, 2025

Braman Motors, led by billionaire Norman Braman, has filed plans for its property in Miami to facilitate both expansion of the dealership and potential residential development. The city’s Urban Development Review Board will consider the special area plan (SAP) from Braman Motors for its property at 2060 Biscayne Blvd., 1930 N.E. 2nd Ave.; 160 N.E. 20th St.; 64, 106, 120, and 146 N.E. 20th St.; and 135 N.E. 19th Terrace on April 16. The SAP would need approval from the[...]

CLIENT NEWS: ‘Wynwood Tower’ Proposed as Tallest Building in Wynwood Norte

April 16, 2025

A 41-story skyscraper titled Wynwood Tower is coming to the edge of Wynwood. The Florida-based developer, AG Wyn, is proposing the skyscraper as part of the Live Local Act, a recently enacted housing law aimed at spurring higher density housing in commercial or industrial areas. The half-acre property located at 330 NW 37th St will eventually be home to a 398.983 SF structure with 234 residential units, assisted by added density by the Live Local Act. Under regular zoning, the[...]