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CLIENT NEWS: Alirio Torrealba revs up MG Developer’s South Florida pipeline

September 4, 2025

When Alirio Torrealba got started in the real estate business in South Florida, he had neither experience in development nor proficiency in English. He somehow still led the wave of new townhome and condo development in Coral Gables, before expanding into multifamily. Just a decade after its founding, his Coral Gables-based MG Developer is sitting on a project pipeline of more than $500 million, which stretches into Hialeah, Miami, Doral and North Bay Village.Torrealba has veered into a faster lane[...]

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CLIENT NEWS: Developer Signs Deal For Utilities At One Southside Park Megaproject In Brickell

February 24, 2022

Miami Dade’s Water and Sewer Department finalized a deal last week to supply water and sewer utilities to the One Southside Park project in Brickell. The developer also obtained final approval for the project from Miami Dade planners in late December, county records show. It went through county planners for review under their Rapid Transit Zoning scheme, rather then through the City of Miami Planning Department. Construction is already underway, with groundbreaking in April 2021. According to the newly completed[...]

CLIENT NEWS: Foundation Work Continues At Block 55 Vertical Retail & Residential

February 24, 2022

Foundation work is continuing at the Block 55 project in Overtown, according to photos this week by Ryan RC Rea. Groundbreaking took place in June 2021, and foundation work has been ongoing since then. Block 55 will include: 578 affordable apartments for seniors 250,000 square feet of retail space 1,050 parking spaces A 1,400 square foot police substation Tenants will include Target (with a Starbucks and CVS inside), an Aldi grocery, Burlington department store, and Ross Dress for Less. Published[...]

CLIENT NEWS: Crane Arrives in Brickell to Begin Building 640-Foot Miami River Tower

February 22, 2022

The first pieces of a tower crane have arrived at the Brickell site where a 54-story tower called Miami River is now under construction. The cranes are planned to rise 760 feet above ground, according to a filing with the FAA in September. Arrival of the crane likely indicates that vertical construction will begin soon. Construction of a sea wall on the property also now appears to be underway. The tower will become Miami’s westernmost building that is taller than[...]

FIRM IN THE NEWS: Mystery Miami proposal would hurt affordable housing, historic preservation, critics say

February 7, 2022

Someone in Miami’s city government wants to eviscerate a key parking break that’s credited with fostering development of lower-cost housing and the restoration of older and historic buildings — but who and why is shrouded in mystery. Like dozens of U.S. cities and states facing increasing traffic congestion and critical shortages of affordable housing, Miami has for several years allowed developers building downtown or in other neighborhoods abutting train and bus lines to reduce the amount of costly on-site parking[...]

CLIENT NEWS: D.R. Horton has Homestead Farmland Under Contract

February 3, 2022

D.R. Horton is seeking development approval for a swath of farmland in Homestead that it has under contract. The city’s Development Review Committee will consider the land use amendment, rezoning and site plan approval for the 8.6-acre site at the southwest corner of Southwest 320th Street/East Mowry Drive and Southwest 162nd Avenue on Feb. 15. It’s just west of Florida’s Turnpike. The Arlington, Texas-based homebuilder (NYSE: DHI) has the property under contract from the Jose L. Machado Jr. Trust in[...]