Michael Stern’s JDS Development Group plans to develop a luxury condo tower next to its Monad Terrace project, The Real Deal has learned. An affiliate of JDS plans a buyout of the 238-unit Bay Garden Manor condo building at 1250 West Avenue, according to a source. The firm has started closing on units, and so far six sales have been recorded since June, ranging from $215,000 to $310,000 per unit, property records show. The 15-story Bay Garden Manor was built[...]
Read MoreSam Herzberg’s proposal to add a hotel to the 91-year-old Sterling Building on Lincoln Road cleared another hurdle. The Miami Beach Planning Board last week approved the 144-room project by a 6-1 vote. The hotel is one of two currently in the planning stages for the popular pedestrian mall. City leaders and Lincoln Road business owners say the hotels will attract more visitors and supplement the new convention center hotel that will be built couple of blocks north of the Sterling Building.[...]
Read MoreCongratulations to firm client Lincoln Property Group on breaking ground on Miami Axis Park, a 415,000 SF state of the art logistics park in the City of Hialeah. Firm attorneys Melissa Tapanes Llahues and Maritza Haro participated in the groundbreaking.
Read MoreA push by South Florida builders to expand future growth onto Miami-Dade County farm fields survived a critical vote Monday night. The county’s Planning Advisory Council, which recommends changes to the county’s master growth plan, sided with builders and agreed not to endorse a report that would have protected land west of Kendall. The area is also targeted for the expansion of the 836/Dolphin Expressway. Instead, council members said they want to keep the land in play. “I saw some[...]
Read MoreSection 163.3184, Florida Statutes, requires local governments to evaluate and propose amendments to their Comprehensive Plans every seven (7) years through a process known as the Evaluation and Appraisal Review (EAR). The City of Miami Beach recently completed its EAR and has proposed several significant amendments to its Comprehensive Plan. We have summarized the major proposed changes to the Miami Beach Comprehensive Plan that we believe will likely impact development in the City. This update is only meant to be[...]
Read MoreDeveloper Rishi Kapoor is betting on co-living, starting with three projects in Miami-Dade. Kapoor, CEO of Location Ventures, is moving forward with a $50 million co-living project at 1234 to 1260 Washington Avenue, now that the Miami Beach City Commission passed co-living legislation for a portion of Washington Avenue from Sixth to 16th streets. Urbin, a co-living, co-working and wellness real estate platform led by Kapoor, has three Miami-Dade sites in the works, and Kapoor hopes to expand to 100 locations[...]
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