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CLIENT NEWS: Celebrity-favorite restaurant from Dubai coming to Miami Beach

December 11, 2024

Gaia, a globally renowned Greek-Mediterranean dining destination from Dubai, is set to debut its first U.S. location in Miami Beach’s South of Fifth community come summer 2025. Conceptualized by British-Nigerian Chef Izu Ani and hospitality entrepreneur Evgeny Kuzin, the restaurant is a flagship of Fundamental Hospitality, with existing locations in Dubai, London, Qatar, Monte-Carlo and Marbella. The upscale eatery, which is named after the Greek goddess of the earth, will open on the ground floor of the Marea Condominium, 801[...]

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CLIENT NEWS: Naftali buys Miami Worldcenter development site for $41M

March 29, 2022

A New York-based developer is diving into the Miami Worldcenter building boom with plans for two residential towers on a site the seller had proposed for a multifamily, retail and co-working mixed-use project. In a $40.5 million deal, Naftali Group, led by Chairman and CEO Miki Naftali, and its partner, Cara Real Estate Management, acquired the 44,500-square-foot property at 1016 Northeast Second Avenue, according to a press release. The seller is Chicago-based Akara Partners. Mika Mattingly with Colliers represented the[...]

CLIENT NEWS: Miami Beach leaders want office-housing towers off Lincoln Road. Will locals approve?

March 28, 2022

If Miami Beach residents approve, two development projects would convert three parking lots off Lincoln Road into apartments, plus office and retail space. The city-approved plans are part of a larger effort to diversify the community’s economy amid South Florida’s migration of professionals working largely for tech and financial services companies. Miami Beach voters will decide in either August or November whether the city should enter into public-private partnerships with two development teams, said Miami Beach Commissioner Ricky Arriola, sponsor[...]

CLIENT NEWS: Developer Releases New Details Of Complex Designed By Rafael Viñoly In Zoning Filing

March 18, 2022

The developer planning the massive Casa Forma complex designed by architect Rafael Viñoly has released new details of the project in an application for a zoning hearing, as it continues to move through the approval process. A request for a zoning hearing was filed with Miami-Dade County on March 10, and documents relating to the filing were submitted on March 14. According to the new filing, Casa Forma will include: 1,441 residential units 143,328 square feet of office 7,959 square[...]

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[...]

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.[...]