The Homestead Commission is discussing a large development which will be known as Sandero Landing. This is set to have 1,100 units, along with restaurants and stores. The development will be located on 90 acres of land. The project in question will be built on 90 acres on South 328th Street. The goal is to create a place where many people can live, work and play. There will be office spaces designed for people who live in the apartments. People[...]
Read MoreRussell Galbut is looking to revive the shuttered Bancroft Hotel and an attached commercial building in South Beach as offices and restaurant space. According to plans submitted to the Miami Beach Planning Board, Bancroft Ocean Five Holdings, LLC, a company managed by Galbut, wants to convert the Bancroft’s rooms into executive office suites and offer memberships for Class A office space. The property is at 1501 Collins Avenue. The hotel’s ground floor, which previously was home to Quality Meats, would[...]
Read MoreNorth Miami Beach gave final approval for a Turkish developer to build a 19-story, mixed-use multifamily tower. Skygarden at 16300 Northeast 19th Avenue will be 224-feet tall and include 341 apartments, 12,635 square feet of retail space, 405 parking spaces, a recreational deck with a pool and garden on the sixth floor, a rooftop terrace, and public art. Developer Celal Ozkan, chairman of Istanbul-based CEO Contract, told commissioners that he wants to break ground in September and complete the project[...]
Read MoreThe site of Michael Stern’s planned 62-story One Southside project in Brickell is officially a brownfield. The Miami City Commission unanimously approved a resolution on Wednesday that designates the 1.5 acres as a brownfield due to elevated levels of arsenic. The neighboring 67,000-square foot Southside Park was declared a brownfield in 2014. The designation will allow Stern, founder of New York-based JDS Development, to pursue state tax credits as well as grants from the federal Environmental Protection Agency to remove any[...]
Read MoreDoughnut shop Krispy Kreme sold its store just outside Miami Gardens for $9 million. A deed shows the Winston-Salem, North Carolina-based chain and Florida Family Realty sold the 4,345-square-foot, one-story building at 530 Northeast 167th Street to New York-based Bremen House. The building was constructed in 2019 on 1.8 acres, according to property records. It includes a drive-through. The doughnuts and coffee chain, founded in 1937 by Vernon Rudolph, is an American staple that has expanded to 1,005 locations, according[...]
Read MoreMiami Beach developers Russell Galbut and David Martin scored a $345 construction loan for their planned residential tower at the entrance to South Beach, marking one of the largest loans to close in South Florida during the pandemic, The Real Deal has learned. Galbut’s GFO Investments and Martin’s Terra are partnering on the project at 500 Alton Road, formerly home to the South Shore Hospital site. The 519-foot tower, which would be the largest in Miami Beach when it’s completed in 2023, is now[...]
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