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CLIENT NEWS: Vast Braman Motors Edgewater remake to add two 60-story towers

April 25, 2025

Braman Motors, a long successful and foundational business venture in the City of Miami, is about to expand dramatically with a growth spurt of sweeping proportions that would include two new 60-story residential towers. The Braman company, utilizing special development options in the Miami 21 zoning code, plans to start construction on a phased redevelopment of several properties in the Edgewater neighborhood, ultimately bringing hundreds of new residential units, new retail-commercial uses, office space, parking for thousands of vehicles, and[...]

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CLIENT NEWS: Michael Stern’s tower site deemed brownfield, paving way for tax breaks

April 12, 2021

The 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[...]

CLIENT NEWS: Krispy Kreme sells Miami Gardens store — sans doughnuts — for $9M

March 29, 2021

Doughnut 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[...]

CLIENT NEWS: Miami Beach developers nab $345M construction loan for 500 Alton

March 26, 2021

Miami 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[...]

CLIENT NEWS: Chetrit scores $15M for Miami River $1B mixed-use project

March 25, 2021

The Chetrit Group is pushing forward with its long-planned mixed-use Miami River mega-project, as it just scored a $15 million construction loan, bringing its total financing to $70 million. Chetrit Group, through affiliate MC Miami River, secured the loan from MSD PCOF Partners XXXIV, an affiliate of MSD Partners, a mortgage record shows. The loans adds to New York-based Chetrit Group’s financing for the project, after it secured a $55 million pre-development loan two years ago from New York-based real estate investor[...]

CLIENT NEWS: Developers seek to expand Miami-Dade development boundary by 792 acres

March 12, 2021

Several developers want to expand Miami-Dade County’s urban development boundary by 792.2 acres to create thousands of jobs at a new business park on the southern end of the county. Moving the UDB is a big ask, as it requires a two-thirds vote of the County Commission and often draws opposition from activists concerned about over development. However, the application for the South Dade Logistics and Technology District states that it would provide much-needed employment opportunities in south Miami-Dade, where[...]