Major Food Group and Boucher Brothers are pressing ahead with plans to redevelop a Miami Beach entertainment venue on city-owned land even as the current operator is still fighting to hold onto its ground lease. The joint venture will go before the Miami Beach Design Review Board Thursday, seeking the green light for a complete reconstruction of Nikki Beach, a waterfront restaurant and club at 1 Ocean Drive. Three years ago, the Miami Beach City Commission awarded a new concessions[...]
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Since becoming president of the Builders Association of South Florida (BASF) in May, Melissa Tapanes Llahues has been focused on guiding the organization’s goals to better the region’s economic and community development efforts. Ms. Tapanes Llahues said her vision has been centered on strengthening public-private partnerships, improving housing accessibility, and giving the region’s builders a voice. Climate resilience, mobility, and evolving infrastructure needs challenges are also top priorities, she said. Ms. Tapanes Llahues is known for her expertise in managing[...]
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Michael Comras’ company is under contract for a retail property portfolio on Miami Beach’s Lincoln Road. Miami Beach-based Comras Company is buying several properties from Morgan Stanley Real Estate Investing and Stephen Bittel’s Terranova, with the price pegged at about $140 million, Commercial Observer reported. The properties include 600, 719–737, 741, 801–821 Lincoln Road and 723 North Lincoln Lane. It’s unclear if Comras has an equity partner. New York-based Morgan Stanley has been trying to sell the buildings this year,[...]
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Just a few short years ago, the historic heart of Overtown, Miami’s original Black neighborhood, lay desolate and lifeless just steps from Biscayne Boulevard and downtown. There were few if any shops, few homes, not a single grocery store, but lots of vacant lots, the result of decades of demolition, disinvestment and abandonment. Today, the change along the six blocks of Northwest Second Avenue and its immediate vicinity is nothing short of dramatic. The streets are busy with pedestrians, thanks[...]
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The City of Miami’s Urban Development Review Board (URBD) has approved plans for the tallest building in the history of Overtown, Miami’s historically Black neighborhood. On October 15, the URBD gave the Miami Beach-based David Om, LLC, which is managed by Alan Omsky, the founder of the “Asian-inspired” Kyu (pronounced “cue”) restaurants, the green light to build a 56-story tower at the northwest corner of NW 2nd Avenue and NW 12th Street. The project — which would feature 498 residential[...]
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A pair of developers propose two separate Live Local Act projects in Miami with 791 units combined, continuing the flurry of applications under the state’s workforce housing law. In the Wynwood Norte neighborhood, Alexis Bogomolni’s ABH Developer Group wants to build the 36-story, 293-unit Wyn Park at 3311 and 3327 Northwest Second Avenue, 169 Northwest 33rd Street and 182 Northwest 34th Street, according to the developer’s filings to the city. In Overtown, an entity tied to restaurateur Alan Omsky, co-founder[...]
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