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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: 3.4M-square-foot tower could rise at former Miami Arena site

February 3, 2022

The former home of the Miami Arena in downtown Miami could be developed into a 3.38 million-square-foot project with residential, offices and retail uses. WG 700 North Miami LLC, a partnership between New York-based Witkoff Organization and Chicago-based Monroe Capital, filed a municipal pre-application with Miami-Dade County officials for the 4.7-acre site at 700 N. Miami Ave. The developers are seeking feedback from county officials on several code variances before asking the city for approval. The project would have three[...]

CLIENT NEWS: Former Miami Arena Site Getting Three Towers Up To 57 Stories With ‘Vertical Greenery’

January 27, 2022

New details of a massive redevelopment of the former Miami Arena site in downtown Miami have been revealed. Developer Witkoff filed a municipal pre-application with Miami-Dade County planners for the project earlier this month. Yesterday, attorneys for the developer sent a Letter of Intent to the county with details on both the plans and waivers being requested. There will be a total of three separate tower structures rising above the eighth floor amenity level, rising a maximum of 57 stories[...]

CLIENT NEWS: Long-stalled, controversial Little Haiti project heads to Miami commission vote

January 26, 2022

A long-stalled, controversial mixed-use project that would replace a 512-unit multifamily community in Miami’s Little Haiti neighborhood is headed for a commission vote. Sabal Palm Village at Flagler Trail is proposed to span 5.9 million square feet across 22 acres, on the current site of the garden-style Design Place apartment complex at 5045 Northeast Second Avenue. Developer SPV Realty is tied to Justin Podolsky. His family members are longtime hoteliers and multifamily owners in New York, with Jay and Stuart[...]

CLIENT NEWS: Developer proposes assisted living facility near Pinecrest

January 21, 2022

A developer is seeking to change the land use of a property near Pinecrest, where it wants to build an assisted living facility. South Dixie and 112 LLC filed a comprehensive land-use amendment with Miami-Dade County for the 1.72-acre site at 8315 S.W. 122nd St., on the west side of Dixie Highway. The vacant property was approved in 2015 for 12 residential units in six buildings. The developer wants to change the land use to “mixed-use corridor” so it can[...]

CLIENT NEWS: Witkoff Planning Downtown Miami’s Biggest Residential Project Ever

January 18, 2022

Developer Witkoff Group is planning downtown Miami’s biggest ever residential project by unit count, according to documents filed with planners yesterday. The project will also include a very large office component, along with retail space. It will be built on the former Miami Arena site at Miami Worldcenter. Witkoff Group and Monroe Capital acquired the 4.7-acre property for $94 million in July 2021. The project is proposed to include: 2,195 high-rise residential units 49,999 square feet of retail space 540,000[...]