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CLIENT NEWS: MG Developer plans hundreds of apartments on hotel site

February 19, 2026

MG Developer could build apartments next to its Regency Miami Airport by Sonesta hotel in Miami. The city’s Urban Development Review Board [approved] plans for the 3.79-acre property at 1000 N.W. 42nd Ave. on Feb. 18. It currently has a 176-room hotel that was built in 1982. MG Regency Airport LLC, an affiliate of Coral Gables-based MG Developer, led by Alirio Torrealba, acquired the hotel for $36 million in 2024. The company is primarily a multifamily developer. Under the plans[...]

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CLIENT NEWS: Renaissance Properties sells Aventura office complex for $140M

July 30, 2021

Renaissance Properties NY sold the Aventura Corporate Center for $140 million to a New York-based investment group that plans to build an addition, The Real Deal has learned. New York-based Renaissance, led by Kenneth, Bradley and Robert Fishel, sold the three Class A office buildings and garages at 20801, 20803 and 20807 Biscayne Boulevard to Aventura Opportunity Owner LLC. The buyer, a Delaware entity, lists a New York address. The sale marks one of the largest in Aventura in recent[...]

CLIENT NEWS: Too much of a good time?

July 30, 2021

Hospitality mogul David Grutman and rapper and entrepreneur Pharrell Williams could use some good vibes for their Goodtime Hotel. The hotel, which opened at 601 Washington Avenue in April, is at risk of losing parts of its conditional use permit following nearly 30 noise violations. The Miami Beach Planning Board will hold a hearing over revoking the entertainment permit for its rooftop pool deck on Sept. 28. The motion to hold a revocation hearing was approved at Tuesday’s planning board[...]

CLIENT NEWS: Miami River Developer Obtains Utilities For 1,843 Apartments, 130K Square Feet Retail

July 19, 2021

The developer of the proposed Miami River complex completed a deal to connect the project to Miami-Dade’s water and sewer utilities system. The deal was completed on June 30. According to the agreement, the Miami River project will include: 1,843 apartments 54,200 square feet of full service restaurant 40,000 square feet of office 130,600 square feet of retail 17 marina slips Meyer Chetrit signed the agreement on behalf of developer CG Miami River LLC. The developer will pay a connection[...]

CLIENT NEWS: NYC developer & Chicago firm buy Miami Worldcenter hotel and expo site

July 9, 2021

A Miami Worldcenter site has sold for $94 million, dashing plans for the long-awaited Marriott Marquis Miami Worldcenter Hotel & Expo. MDM Group sold its five-acre parcel at 700 N. Miami Ave. on Friday to New York City developer Witkoff and Chicago-headquartered asset management firm Monroe Capital, as first reported by the South Florida Business Journal and the Commercial Observer. MDM decided to scrap its plans due to Covid-19 and its impact on the meetings and convention market, according to the firm’s vice president of operations and development[...]

CLIENT NEWS: Swerdlow Group breaks ground on Sawyer’s Walk in Overtown

July 8, 2021

Construction has begun on the largest mixed-use development to take shape in Miami’s historic Overtown neighborhood in decades, paving the way for new shopping and dining options, affordable residences for seniors, and thousands of job opportunities. Sawyer’s Walk, a 1.4-million-square-foot development led by Swerdlow Group in collaboration with the Southeast Overtown/Park West Community Redevelopment Agency (CRA), will include 250,000 square feet of destination retail alongside 578 apartments designated for low-income seniors. Swerdlow Group and its partners, SJM Partners and Alben[...]