Coral Rock Development Group scored a $54 million construction loan for a Live Local Act project in Miami’s Allapattah. Developers across South Florida have seized on the state workforce and affordable housing law by filing a flurry of proposals, but few have advanced their projects to the financing and construction stage. Coral Gables-based Coral Rock plans to start construction in the first quarter on the eight-story, 227-unit Dulce Vida apartment building on a 1.3-acre site at 1785 Northwest 35th Street,[...]
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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[...]
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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[...]
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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[...]
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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[...]
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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[...]
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