CLIENT NEWS: Homestead Will See Construction of 1,100 Unit Mixed-Use Development

April 26, 2024

The Homestead Commission is discussing a large development which will be known as Sandero Landing. This is set to have 1,100 units, along with restaurants and stores. The development will be located on 90 acres of land. The project in question will be built on 90 acres on South 328th Street. The goal is to create a place where many people can live, work and play. There will be office spaces designed for people who live in the apartments. People[...]

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CLIENT NEWS: New York-based lender provides $34 million loan for Hialeah project

December 26, 2023

A Miami-based developer obtained a $33.75 million construction loan for a mixed-use project near the Tri-Rail/Metrorail Transfer Station in Hialeah. New York-based S3 RE 1025 E25 Funding LLC provided the mortgage to 1025 Hialeah Development LLC, managed by Francisco Alberto Espinosa, Oscar Javier Moreno, Jose Antonio Villegas Velez and Juan Felipe Jaramillo Uribe. The lender assumed a loan granted in 2021 and increased its amount by $30.95 million. The developer purchased the one-acre site at 1025 to 1033 East 25th[...]

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CLIENT NEWS: 645-Foot Miami River Tower With Rooftop Crown

December 26, 2023

Some of the final architectural features of the 54-story Miami River apartment tower under construction in Brickell can now be seen, photos by Phillip Pessar show. The tower stands at 645 feet – one of the tallest apartment buildings in the city, and the tallest that far west. When complete, it will have 632 apartments, along with retail space and a riverfront promenade open to the public. Multiple other towers are also planned in the complex, known as The River[...]

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CLIENT NEWS: Developers of Ritz-Carlton South Beach condo project tap Elliman for sales

December 19, 2023

The planned redevelopment of the Ritz-Carlton Residences, South Beach and adjacent Sagamore Hotel is moving forward. Douglas Elliman’s Eklund-Gomes team will lead sales of the 15-story, 30-unit condo project, according to a post on social media. It’s one of three new properties the team recently took on. Fredrik Eklund and Pietro Belmonte are leading sales of the project. The Lowensteins’ Lionstone Development, the Kanavos family’s Flag Luxury Group and the Ben-Josefs’ Ben-Josef Group are the developers of the Ritz/Sagamore project.[...]

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CLIENT NEWS: Miami To Aventura Train Service Gets Environmental Approval

December 19, 2023

A key environmental permit has been granted for Miami-Dade’s northeast corridor commuter rail train service. NEPA environmental permitting approval for the project was obtained by Miami-Dade in November, Brightline told investors yesterday. Miami-Dade now has $294 million of the estimated $578 million project cost now committed from the County and the State. The remainder is expected to be provided by the Federal Capital Investment Grant New Starts program after Miami-Dade completes the engineering phase of the project. A total of[...]

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CLIENT NEWS: Renovation Plans Submitted For Brickell’s 36-Story One Broadway: ‘Improving The Miami Skyline’

December 19, 2023

A developer has filed plans with Miami’s Urban Development Review Board for renovation of Brickell’s 36-story One Broadway tower. Extensive exterior and interior renovations are planned at the 13-year-old tower which will improve the Miami skyline, a letter from the developer said. The renovation will include converting the existing 371 residential units to 123 hotel suites and 198 residences. The redesign includes relocating and adding major amenities, renovations to improve the façade, improved pedestrian level experience, new continuous glass balconies,[...]

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