Month: May 2025

The real estate industry is in the throes of a transformative evolution, driven by emerging technologies like artificial intelligence (AI) and robotics, according to VettaFi’s Senior Research Analyst Zeno Mercer. His insights, shared in a recent interview with Josh Lipton on Yahoo Finance’s Asking for a Trend, reveal the potential of these technologies to revolutionize every stage of the real estate lifecycle, from design to operation.

According to Mercer, AI and robotics are no longer confined to the realm of manufacturing and logistics but are increasingly playing a pivotal role in the real estate sector. These technologies can drive efficiencies, connect dots, and significantly improve the effectiveness of various processes.

In terms of real estate design, AI and robotics are poised to revolutionize the way we think about building and location. For instance, the advent of autonomous vehicles will likely reduce the need for parking lots, freeing up space for green areas. Companies like Autodesk are at the forefront of leveraging AI and robotics in real estate design.

Moreover, the potential of these technologies extends to materials and energy design. Mercer highlights the future role of AI and robotics in creating energy-efficient buildings. Given that energy is a critical component of advanced economies, the efficient utilization of energy is set to become a key focus area in real estate.

The construction process, currently a labor-intensive phase, is another area where AI and robotics can bring about significant improvements. Despite the relatively low penetration of robots in the construction industry, there is a vast potential for increasing efficiency, addressing labor shortages, and tackling housing crises.

AI is also projected to become the operating system of buildings, improving energy efficiency and enhancing the quality of life. For instance, the increased use of AI and robotics could allow more elderly people to live at home, reducing the need for nursing homes.

However, the integration of such cutting-edge technology in a highly regulated industry like real estate is not without challenges. The show’s host pointed out the potential obstacles that might arise from this, such as regulatory red tape. Mercer, however, views this as a massive opportunity. He believes that AI can help streamline processes, reduce time for permits, and even influence local governance.

From an investment perspective, Mercer suggests that the integration of AI technology into robotics presents a potential supercycle. He is particularly bullish on the role of robotics in real estate, from design to operations. He cites drones and other robotics technologies as key elements in improving real estate operations.

In conclusion, the transformation of the real estate industry through AI and robotics is an exciting prospect. It holds immense potential for reshaping the sector, providing solutions to current challenges, and creating more efficient, sustainable, and liveable spaces.

The post Video: VettaFi Senior Research Analyst Zeno Mercer on how AI is going to ‘transform the entire life cycle of real estate’ appeared first on Hawkins Commercial Realty.

Related Urban, 13th Floor, Merrimac gamble on $10B downtown Miami project bid

Only one of three all-star development teams is bidding on the opportunity to build a $10 billion mixed-use complex in partnership with Miami-Dade County, The Real Deal has learned. This month, a joint venture between Related Urban, 13th Floor Investments and Merrimac Ventures submitted its proposal to develop MetroCenter. It’s an ambitious reimagining of government-owned…

13th Floor, Barings Receive $125M Construction Loan for Phase II of Miami Transit-Oriented Multifamily Development

South Florida-based developer 13th Floor Investments, in partnership with Barings, has received a $125 million construction loan for the second phase of Link at Douglas, a transit-oriented multifamily development in Miami. A syndicate of Santander Bank and TD Bank provided the loan. Known as Cadence, the project marks the third multifamily building at Link at Douglas…

13th Floor, Barings nab $125M construction loan for Miami apartment project

13th Floor Investments and Barings secured $125 million in financing for a Miami multifamily project that’s under construction. A syndicate of Santander Bank and TD Bank provided the loan for Cadence, a planned 35-story tower with 432 mixed-income apartments at 3100 Douglas Road. It’s part of Link at Douglas, a 7-acre mixed-use project adjacent to the Douglas Road…

Developers Break Ground on Phase Two of Miami’s ‘Link at Douglas’ with $125 Million Construction Loan

Construction has begun on CADENCE, the third residential tower at Link at Douglas, a transit-oriented development located at the intersection of Coral Gables and Coconut Grove in Miami. Developed by 13th Floor Investments in partnership with Barings, the 35-story tower will deliver 432 market-rate apartments, with 12.5 percent of the units designated as workforce housing.

CIM Group, Partners Open $6B Miami Worldcenter Development

Los Angeles-based investment firm CIM Group and its development partners have officially opened Miami Worldcenter, a $6 billion mixed-use development in downtown Miami. CIM Group partnered on the project with Miami Worldcenter Associates, a development entity founded by Art Falcone and Nitin Motwani. The development spans 27 acres across 10 city blocks…

MiMo development, phase two of Adela at MiMo Bay, wins OK on second try

A developer planning to start the second phase of a residential development in Miami’s MiMo neighborhood, next door to Legion Park, is moving ahead after a second try before the city’s Urban Development Review Board. Plans for phase two of Adela at MiMo Bay, at 645 NE 64th St., stalled before the board in April. The board made a motion to recommend approval of the project…

First Miami International Airport terminal expansion since 2007 on runway

The first terminal expansion at Miami International Airport since 2007 got a green light last week from county commissioners, who voted unanimously without discussion for the $600.6 million construction contract with a joint venture to design and build an expansion of the South Terminal in just over four years. The deal with Lemartec-NV2A JV will extend the South Terminal eastward…

Miami International Airport to Get New Concourse in 2029

Miami International Airport (MIA) is getting a new concourse for the first time since 2007. The addition marks a $600 million investment in Miami’s travel infrastructure, reflecting the increased demand for flight in the area. It’s also a critical part of the larger, $9 billion Future-Ready Modernization in Action plan. This multi-faceted initiative refers to various projects that intend…

Mast Capital, BH ramp up buyout of Coconut Grove condominium

Mast Capital and BH Group are teaming up to take over an older condominium building in Coconut Grove. An affiliate of Coconut Grove-based Mast, led by Camilo Miguel Jr., is under contract to purchase roughly a dozen units at Bayshore Park, a three-story condominium at 2545 South Bayshore Drive, sources familiar with the deals confirmed to The Real Deal.

Vertical Construction Set to Commence Soon on Oasis Hallandale East Tower

Vertical construction is scheduled to begin imminently on the East Tower of Oasis Hallandale, a 10-acre mixed-use development located in the heart of Hallandale Beach. The milestone comes as the project moves into its final phases, with the West Tower fully topped out and on track for completion by the end of 2025. The East Tower is anticipated to deliver in 2027….

‘The Arbors at Leisure’ Proposed for 28400 S Dixie Highway in Homestead

Homestead-based I & A Holding Group LLC has proposed a two-phase housing development that would replace a warehouse in Miami-Dade County. The Arbors at Leisure would feature two eight-story buildings, offering a total of 229 units. Of those homes, 25 percent (57) would be designated as workforce housing, which is defined as affordable housing for households…

$300 Million Refinancing Package Secured For Renovation Of The Ritz-Carlton Key Biscayne

A partnership led by Gencom, a global hospitality and real estate investment firm, has closed on a $300 million debt facility to refinance existing obligations and fund a comprehensive renovation at The Ritz-Carlton Key Biscayne, Miami. The financing was arranged by a consortium led by Blackstone Real Estate Debt Strategies. Located at 455 Grand Bay Drive, the 13-story…

Simi Capital pumps up South Florida industrial portfolio with $31M Medley acquisition

Simi Capital added a fifth property to its South Florida industrial portfolio, paying $31 million for a Medley warehouse. Based in New York and Bay Harbor Islands, Simi acquired an 80,000-square-foot facility at 8505 Northwest 74th Street, a press release states. The buyer is led by Andrew Skydell and Jacob Diamond. The deal breaks down to $387 a square foot or $2.9 million per acre…

$111 Million Construction Loan Secured For 26-Story Multifamily Tower ‘THE PERRIN’ At 244 SW 9th Street In Brickell

The Empira Group has secured $111.25 million in construction financing for THE PERRIN, a 310-unit Class A multifamily development planned for 244 Southwest 9th Street in Miami’s Brickell neighborhood. The loan was provided by Goldman Sachs, with the financing arranged by Daniel Matz, Senior Managing Director at Newmark….

Empira scores $111M construction loan for 310-unit apartment tower in Brickell

Empira Group scored a $111.3 million construction loan for a 310-unit apartment tower in Miami’s Brickell, The Real Deal has learned. The financing comes as construction loans and refinancings continue to flow in South Florida, despite higher interest rates and other economic headwinds. Empira, a Swiss firm that entered the Miami market three years ago…

Developer Proposes Eight-Story Apartment for Miami’s Goulds Neighborhood

K2 Capital Group hopes to get approval for a housing development in Miami-Dade’s Goulds neighborhood. Plans call for an eight-story building featuring 206 apartments. The venture, designed by Bellon Architecture, includes a two-story, 243-spot parking deck and a swimming pool, among other communal amenities. Mariano Karner and Esteban Koffsmon.

K2 Capital proposes 206-unit apartment project in Goulds

Developers Mariano Karner and Esteban Koffsmon propose a 206-unit apartment project in Goulds, amid a continuing development flurry in south Miami-Dade County. Karner and Koffsmon, through their K2 Capital Group, want to build an eight-story building with a two-level parking deck with 243 spaces at 21220 and 21350 Southwest 115th Road and 21143 and 21281 Southwest 117th Ave…

Beacon Hill plans 112-unit Live Local Act project in Princeton

Beacon Hill Property Group will start construction of a 112-unit Live Local Act complex in Princeton, marking one of the first Miami-Dade County projects under the state’s workforce housing law to advance. The Coral Gables-based firm plans the project to be entirely workforce housing, to include two three-story buildings and 145 surface parking spaces on the 2.7-acre site…

Amara Wynwood Receives TCO, Welcomes Residents To New Multifamily Development At 45 NE 27th Street In Miami

A Temporary Certificate of Occupancy (TCO) has been issued for Amara Wynwood, an eight-story mixed-use development located at 45 NE 27th Street in Miami’s Wynwood neighborhood. The project, a joint venture between PGIM Real Estate and Fifield Companies, officially received its TCO on May 9, 2025, and has begun welcoming residents.

Construction Starts on ‘Metro Station 1’ at 2691 E 11th Avenue in Hialeah

Coral Gables-based MG Developer has started construction on a multi-family development in Hialeah. Metro Station 1 will comprise 55 “thoughtfully designed” units, with floorplans spanning from studio to two-bedroom residences. According to the South Florida Business Journal, the development will measure eight stories, occupying a 11,627-square-foot site.

WeWork Opens Downtown Miami Location, First New Location in City Since 2019

WeWork’s pet-friendly flex office at Southeast Financial Center features several communal work areas. WeWork has opened a 45,000-square-foot coworking space at Pontegadea’s 1.2 million-square-foot Southeast Financial Center in Miami. This is the company’s first new location in the city since 2019. Back then, WeWork committed to 89,300 square feet…

Miami board approves 328-unit Live Local Act tower Sense 22 in Edgewater

A developer scored approval for a 328-unit Live Local Act project in Miami’s Edgewater, amid a flurry of proposals under the state’s affordable and workforce housing law. Gonzalo Espinosa, through an affiliate, plans the 36-story Sense 22 apartment tower on a 0.7-acre assemblage at 114, 124, 128 and 138 Northeast 22nd Street, according to an application filed early this month.

Braman Motors Proposes Multi-Phase Mixed-Use Campus With Twin 60-Story Towers in Edgewater

Braman Motors is moving forward with plans to redevelop and expand its Edgewater campus under the Braman Miami Campus Special Area Plan (SAP), initially enacted in 2022. The project, designed by Arquitectonica and Wolfberg Alvarez, recently secured approval with conditions from the City of Miami’s Urban Development Review Board on April 23, and is scheduled…

Master Construction Permit Approved For 389-Unit Midtown Miami Building Midtown 7

Miami’s Building Department has approved a master construction permit for Midtown 7. The approval was issued on May 20. The permit was first applied for in July 2023. Coastal Construction is listed as the contractor on the permit. The building was submitted for UDRB review in September 2022, and a utilities deal was completed in October 2022.

5,700 Unit Little River Development To Be ‘First Fully Integrated Smart Home City In Florida’

The upcoming Little River District is set to become the first fully integrated smart home city in Florida, according to an announcement by a technology company. SKYX Platforms Corp said it would be supplying smart home tech for the development. Each unit will be equipped with the smart home technology, along with free internet, the announcement said.

Photo: Dirt Moving At Development With 803 Units Near Brickell City Centre

Work is getting underway on a massive development near Brickell City Centre. Two towers with a combined 803 units are being built on the property: One Twenty Brickell Residences, which will have 266 condos, and Sentral Brickell, which will have 537 multifamily residential units. The towers will rise 37 and 41 stories, and share a podium. Developer PMG recently secured…

Photos: Newly Completed 428-Unit Downtown Miami Apartment Tower ’Modera Riverside’

Photos show the new 36-story Modera Riverside in downtown Miami. According to a press release issued at the beginning of the month, the first move-ins were anticipated to take place in May. Modera Riverside includes 428 apartments and 4,266 square feet of ground-floor retail. There’s also around 505 parking spaces. The property boasts a Walk Score of 93, and a Transit Score of 100.

Developer Dante Fraiegari of Terra Solo Group proposes 57 townhouses in West Kendall

A developer proposes 57 townhouses in West Kendall, amid a flurry of applications for projects on sites in suburban Miami-Dade County. The West Kendall Townhomes project is proposed for the 4.6-acre site on the northeast corner of Southwest 88th Street and Southwest 167th Avenue in unincorporated Miami-Dade County, according to an application submitted…

‘Real pain’ in the South Florida condo market while home prices hold steady

Condo sales fell sharply across South Florida in April even as median prices held steady thanks to newer and more expensive units. The number of existing single family homes that sold last month also fell from the pace a year ago, according to monthly data from the Miami Association of Realtors. However, home prices increases have outpaced more volatility in condo prices.

Best of Miami: Committed residents fight to keep history alive

Miami-Dade is known for its postcard destinations and summer-like weather year around. However, hidden in plain sight are years of history and alongside are individuals fighting to keep the community’s intricate story alive. Daniel Ciraldo, former executive director of the Miami Design Preservation League, highlighted Carolina Isabela as among the best in preserving…

The U Turns 100; A Century of Higher Ed in Coral Gables

George Merrick’s idea for the City of Coral Gables started long before – perhaps even decades before – the city’s incorporation in 1925. In the years leading up to that seminal event, Merrick was constantly honing his concepts for the “City Beautiful” – a vision that always included a university that would educate and elevate the community. Merrick wanted a university…

Melissa Tapanes Llahues Installed as President of the Builders Association of South Florida

Melissa Tapanes Llahues has made her mark not only in the legal profession but also in the greater Miami community. A respected zoning and land use attorney and civic leader, she became a named partner at Bercow, Radell, Fernandez, Larkin & Tapanes, PLLC in 2020, where she represents major landowners, developers, institutional clients, and small business owners in securing…

Lease roundup: Lululemon and Shake Shack coming to Dania Pointe, Ocean Bank moves a Miami-Dade branch

Ocean Bank moved one of its Miami-Dade County offices. The bank leased 4,200 square feet at 7700 West Flagler Street at the Midway Crossings shopping center in unincorporated Miami-Dade, according to the tenant’s spokesperson. The bank moved about a mile east from its previous space at 8700 West Flagler Street, also in an unincorporated area of the county.

Related nabs $231M construction loan for Pininfarina condo project in Fort Lauderdale

Related Group secured a $230.8 million construction loan for Andare Residences, a Pininfarina-designed luxury condo project in Fort Lauderdale. Coconut Grove-based Related, led by Jorge Pérez and his sons, Jon Paul and Nick Pérez, recently broke ground on the 163-unit, 46-story tower planned for the site at 521 East Las Olas Boulevard, next to Icon Las Olas.

Prime delivery: EQT pays $55M for two Broward industrial facilities

EQT Real Estate picked up a pair of Broward industrial sites, including an Amazon distribution center, for a combined $55.3 million. In Deerfield Beach, Radnor, Pennsylvania-based EQT, led by Per Franzén, dropped $37.9 million for a 158,000-square-foot facility completed in 1985, records and real estate database Vizzda show. The building, which Amazon leases…

General Contractor Selected for Complete Renovation of 5th Avenue Delray in Delray Beach

Dominion Builders has been selected to lead the complete interior and exterior renovation of 5th Avenue Delray, a five-story, 125,000-square-foot luxury rental property located at 151 NE 5th Avenue in Delray Beach, Florida. The building, originally completed in 2011, comprises 47 upscale apartment units and five commercial spaces.

Woodfield, Flagler Realty score $81M construction loan for 358-unit apartment project in West Palm

Woodfield Development and Flagler Realty & Development scored an $80.6 million construction loan for a 358-unit mixed-use multifamily project in West Palm Beach. The developers plan the eight-story apartment building with 19,000 square feet of retail space on a 6.5-acre vacant site at 8111 South Dixie Highway, according to Woodfield’s December news release announcing…

Wellington green-lights zoning changes for Mark Bellissimo’s mixed-use Marketplace project

Developer Mark Bellissimo won approval for zoning changes that will allow him and his partners to build a boutique hotel, offices, condos, retail and restaurant space just across the street from his planned gated community, the Wellington. The mixed-use project, dubbed “the Marketplace” is said to be inspired by Palm Beach’s Worth Avenue and Greenwich…

3 tips to lower your commercial real estate insurance costs

Commercial real estate property insurance costs are on the rise. The average monthly cost of real estate investment insurance for a building in the United States reached $2,726 in 2023, up from $1,558 in 2013, according to the Deloitte Center for Financial Services. And premiums are only set to increase. Deloitte projects the average monthly insurance cost for a commercial building…

Strong Operational Performance in 1st Quarter Apartment REITs Earnings Calls

With U.S. apartment supply having peaked for this cycle and demand remaining resilient nationwide, both performance and investment activity experienced strong gains in 1st quarter 2025. Both Coastal and Sun Belt-focused REITs reported that 1st quarter financial and operational performance exceeded expectations, with persistent strong demand alongside favorable wage growth.

How Trade Shifts Impact Port Real Estate

Two days after threatening to impose a flat 50 percent tariff on imports from the European Union, President Donald Trump on Sunday announced he would postpone the tariff’s implementation until July 9—marking the latest twist in a trade policy saga whose effects have already begun to ripple through the supply chain. Pier 300 in the Port of Los Angeles. Import volume…

Cardone Capital launches 10X Miami River Bitcoin Fund

Cardone Capital, a real estate investment firm with over $5 billion in assets under management, launched the 10X Miami River Bitcoin Fund, a dual-asset fund consisting of a 346-unit multifamily commercial property located on the Miami River in Miami, Florida, and $15 million of Bitcoin. In an interview with Cointelegraph, Cardone Capital founder and CEO Grant Cardone…

National Housing Affordability Update: A Five-Year Review

Key Takeaways Housing affordability is improving as the national rent-to-income (RTI) ratio nears pre-pandemic levels due to steady median household income growth, but it remains an issue, especially for lower-income households. The pandemic reshaped housing affordability, but current economic uncertainty poses new challenges to the dire situation.

2025 J.P. Morgan multifamily market update for real estate investors

The outlook for multifamily real estate remains largely positive throughout 2025, even amid ongoing interest rate uncertainty. Moody’s projects asking rents will grow 2.7% this year nationally, while vacancy rates reach 6%. But real estate is a local game. Our commercial real estate professionals share multifamily trends and opportunities in top apartment markets across the country.

The post Miami Commercial Real Estate News May 28, 2025: Developers Team Up on $10B Downtown Miami Project Bid; Medley Industrial Trades for $31M; More… appeared first on Hawkins Commercial Realty.

One recent episode of America’s Commercial Real Estate Show focused on the findings of a bi-annual survey, the 2025 Q1 AFIRE Pulse Report, conducted by AFIRE (Association of International Real Estate Investors). The survey monitors the preferences and strategies employed by international institutional investors in the U.S. real estate market.

Hawkins Commercial Realty Local Insight

For Miami real estate investors, the findings of this survey are particularly insightful. They indicate that despite macroeconomic uncertainties, Miami remains a top destination for foreign investment, likely due to its strategic location, vibrant economy, and robust property market.

In the conversation, Gunnar Branson, the CEO of AFIRE, discussed the results of the survey, which had been conducted in March. Branson revealed that despite the global economic turmoil, 44% of the respondents intended to increase their investments in the U.S. real estate market over the previous year, with only 8% planning to decrease their investments. Undoubtedly, this highlights the enduring allure of the U.S. property market to international investors, despite the challenges of the pandemic and the political climate.

Branson also revealed that the top five U.S. cities for foreign investment were Dallas, New York, Miami, Boston, and Atlanta. Interestingly, Miami featured prominently as the third most favored city for foreign investment, indicating a high level of international interest in the city’s real estate market. This preference is partly driven by Latin American investors who view Miami as a gateway to the U.S.

The host and Branson also touched on various factors affecting foreign investment interest. These include the current administration’s tariffs, potential trade wars, and the implications of the new legislation. Branson emphasized that while these factors influence the decision-making process, the fundamentals of the U.S. property market remain robust. Therefore, investors are adopting a ‘wait-and-see’ approach rather than pulling out of the market.

The AFIRE survey also revealed the sectors that are most attractive to foreign investors. These include multifamily housing, industrial properties, and data centers. Senior housing was also highlighted as a growing area of interest, given the increasing number of baby boomers entering their 80s.

The post Video: AFIRE CEO Gunnar Branson Discusses International Interest in U.S. Commercial Real Estate appeared first on Hawkins Commercial Realty.

Terra proposes 724-unit Live Local Act project on portion of South Dade Government Center

Terra proposes a 724-unit Live Local Act project on land at South Dade Government Center that it leased from the county through a no-bid deal. The Coconut Grove-based firm wants to build a two-phase project on a 12-acre site at 10710, 10750 and 10800 Southwest 211th Street in Cutler Bay, according to an application filed to the county early this month. The first phase would consist…

Groundbreaking Held for 3-Story Rental Development at 9300 Collins Avenue in Surfside

Construction has officially begun on a new multifamily residential development at 9300 Collins Avenue in Surfside, Florida. Located one block west of the Atlantic Ocean and within walking distance of Bal Harbour Shops and Surfside’s downtown corridor, the three-story project will introduce a luxury rental product to a market traditionally dominated by for-sale condominiums…

Miami Worldcenter developers list retail for sale, seek over $300M

Miami Worldcenter Associates listed the retail component of the mixed-use downtown Miami development for sale, The Real Deal has learned. The developer, a joint venture led by Art Falcone, Nitin Motwani and CIM Group, is seeking offers in the $300 million-plus range for the 273,000-square-foot retail portion, according to sources and a copy of the offering memorandum.

Developer proposes 192-unit apartment project with workforce rentals in Naranja

A developer proposes a 192-unit apartment project with workforce rentals in Naranja. Entities tied to Coinco Investment filed an application to develop three four-story buildings on the southeast corner of U.S. 1 and Southwest 232nd Street in unincorporated Miami-Dade County, according to a filing submitted early this month. 12499 Holdings and 232 Holdings…

Developer proposes 42-unit condo project with workforce units in Kendall

A developer proposes a 42-unit condo project with workforce units in Kendall, amid a flurry of proposals for below-market rate housing in South Florida. An entity tied to Bob Liu of Capital Partners Management and Miami-based LiuCon Development wants to build a six-story building at 8445 Southwest 94th Street in unincorporated Miami-Dade County, according to an application…

First Glass Installed At 950-Foot Cipriani Residences In Brickell

Brickell’s under-construction Cipriani Residences has had its first glass installed. Cipriani Residences will have 397 luxury condos when it opens. The Cipriani tower is planned to top off at 80 stories. It will reach a near-supertall height of 940 feet above ground, and 950 feet feet above sea level, which is taller than any existing building in Brickell. Mast Capital is the developer.

650-Foot Copper-Clad Edgewater Tower Is Four Weeks Ahead Of Schedule

The foundation pour earlier this month for the 650-foot Villa Miami tower in Edgewater was actually four weeks ahead of schedule, the developers of the project said this week. The 14-hour pour on May 9 involved more than 3,400 cubic yards of concrete and 2,095 tons of steel to form the tower’s foundation. A total of 43 concrete trucks, operating in a coordinated rotation…

New Renderings Of Mandarin Oriental Brickell, Where $1B In Condos Now Pre-Sold

Developer Swire Properties has released new renderings of the Mandarin Oriental residential and hotel towers it is planning in Brickell. The developer also announced that sales have officially surpassed the $1b mark, with the South Tower now 50% sold. The existing 326-key Mandarin Oriental hotel is planned to close at the end of next week, in order to begin demolition.

Canero completes Coconut Grove condo buyout

Jose Canero’s Canero Group paid $17.3 million to acquire all the units in a Coconut Grove condo building. Property records show Canero affiliate WNG Miami acquired Chateau Grove, a 25-unit development at 3265 Virginia Street in Miami. The two-story building, built in 1963 on a 0.9-acre lot, is zoned T4-L, according to the property appraiser and information…

New Details On $520M Brickell Waterfront Development Site Sale

Aimco released additional information this month on its planned sale of a prime bayfront development assemblage in Brickell, in a quarterly report to investors. In December, developer Oak Row Equities and Mariposa Real Estate entered into an agreement to purchase the properties for $520m, with plans for a major development. The buyers placed an initial non-refundable…

“Gut punch”: Construction discovery delays Bulgari’s first U.S. hotel project in Miami Beach

An unforeseen construction defect will significantly delay the planned Bulgari hotel project in Miami Beach. On Tuesday, the Miami Beach Historic Preservation Board approved modifications to the planned redevelopment of the Seagull Hotel at 100 21st Street that entails tearing down most of the historic 145-room building to put in a new foundation.

Codina Partners Obtains $38.8M Construction Loan for Downtown Doral Retail Expansion

Codina Partners has obtained a $38.8 million construction loan for the third phase of Downtown Doral’s retail expansion. Ocean Bank provided the loan. Downtown Doral is a 250-acre mixed-use district in South Florida, and the third phase will add nearly 25,000 square feet of retail space along 87th Avenue, with 932 dedicated garage parking spaces for retail visitors.

Codina lands $39M loan to build 25K sf of retail at Downtown Doral

After nabbing a $38.8 million construction loan, Codina Partners is gearing up to build the last retail piece at Downtown Doral. Miami-based Ocean Bank provided the financing to an affiliate of Coral Gables-based Codina that is developing 25,000 square feet of retail and 932 parking spaces on Northwest 87th Avenue between Northwest 52nd Street and Northwest 53rd Street…

Site Work Permit Issued for 38-Story ‘2900 Terrace’ at 401 NE 29th Street in Edgewater

A site work permit has been issued for 2900 Terrace in Miami’s Edgewater neighborhood. The city’s Building Department approved the application on May 18. Coastal Construction is listed as the contractor, with Ortus Engineering as the permit runner. The permit follows an earlier tree permit issued on April 30. A master construction permit for vertical development remains under…

Plans Submitted To Miami’s Urban Development Review Board For Dual-Tower Project At 3801–3883 Biscayne Boulevard

Kolter Group is advancing plans for a new residential development at 3801–3883 Biscayne Boulevard, near the boundary of the Edgewater neighborhood and the Miami Design District. The developer recently submitted plans to Miami’s Urban Development Review Board (UDRB) for two 20-story, nearly 2940-foot-tall towers that will span nearly a full city block…

Plans Submitted for 381-Foot-Tall Sense 22 at 114 NE 22nd Street in Edgewater

Plans have been submitted to Miami’s Urban Development Review Board (UDRB) for Sense 22, a 36-story residential tower proposed for 114–138 NE 22nd Street on the edge of the Edgewater and Omni districts. The project is being developed by New Sense, LLC, an affiliate of Argentina-based HA Emprendimientos, with design by Anillo Toledo Lopez Architecture….

New Concourse K Approved For Miami Airport, Opening 2029

Miami-Dade has approved the construction of a new concourse at Miami International Airport, and construction will begin shortly. A groundbreaking ceremony will take place this summer. Completion is scheduled for spring 2029. Commissioners voted today to select a $600m design-build offer from contractor Lemartec-NV2A JV, with Perez & Perez Architects the lead architect.

Demolition Permit Issued At One Brickell City Centre Site

A total demolition permit for a building at the One Brickell City Centre site has been issued. The demolition permit was issued on May 14 and is now listed as active. It was approved in April. The One Brickell City Centre site is the Brickell Avenue gateway property to the existing Brickell City Centre development. Two office buildings were on the site. Demolition of the first building…

67-Story Jem Miami Worldcenter Tower Preparing For Foundation Pour

A foundation pour is moving closer at the 67-story JEM Private Residences site, new photos by mia_on_the_bay show. The JEM tower is planned to rise about 700 feet at Miami Worldcenter. It will include 786 residential units, of which 259 will be condos. Condo owners will have a separate entrance from the remainder of the residential units. Groundbreaking for JEM took place…

343-Unit Downtown Miami Condo Tower ‘District 225’ Nearing Completion

A photo shows a 39-story condo tower as it nears completion in downtown Miami. The building is named District 225. A parking garage is not being built, and it appears that there also aren’t balconies. Groundbreaking took place in July 2022, with top off in March 2024. The development will include 343 condo units, and owners will be able to rent their units on a short-term basis.

Freedom Tower reopening now planned for fall

Eyeing an official reopening in the fall, Miami Dade College’s Freedom Tower is putting together one-of-a-kind art installations in celebration of its centennial. In preparation, the college has collected over 300 oral history archives telling the story of the national historic landmark, said María Carla Chicuén, the executive director of cultural affairs at Miami Dade College.

Glass cube Waldorf Astoria tower rising skyward in downtown Miami

A stack of glass cubes is rising in the heart of downtown Miami. Builders of Waldorf Astoria Hotel & Residences Miami are making major strides in the creation of this unique skyscraper, according to a representative of the development partnership with PMG. In an email to Miami Today this week, PMG offered details of the status of the sweeping mixed-use residential tower…

Gary Ressler: Real estate executive puts energy into downtown Miami upgrades

Since getting introduced to and involved with the Miami Downtown Development Authority (Miami DDA) in 2001, Gary Ressler has been working tirelessly to continuously improve the quality of life of residents while fostering the growth of local businesses throughout downtown Miami. As chair of the quality-of-life committee, Mr. Ressler has ensured that the downtown…

Venetian Causeway restoration hits more delays

Completion of restoration of the Venetian Causeway stretching from downtown’s Omni area to Miami Beach has been delayed again by multiple factors and is now targeted for beyond 2032, a contract change up for county approval this week reveals. As county commissioners vote on Amendment 14 with EAC Consulting Inc. to design plans for the replacement of 11 historic bridges…

Miami Riverbridge mega-project to start with two towers

Detailed planning and design continues moving forward for what is being called a transitional mixed-use residential project on the bank of the Miami River, just west of Biscayne Bay. Miami’s Gencom reports progress to fine-tune the sweeping plans for Miami Riverbridge, which will take the place of the James L. Knight Center and Hyatt Regency hotel on the Miami River.

Gencom, Fortune land $300M refi for Key Biscayne Grand Bay project

Karim Alibhai’s Gencom and Edgardo DeFortuna’s Fortune International Group are teaming up to combine two Key Biscayne waterfront sites, consisting of a Ritz-Carlton hotel and a private beach club. The partnership, led by Miami-based Gencom, secured a $300 million loan from New York-based Blackstone to refinance existing debt, fund a $100 million renovation currently…

Doral Celebrates Grand Opening Of 78-Acre Central Park, A Historic Milestone For The City

The City of Doral held the grand opening ceremony of a new hub that officials described as a historical milestone. 7News cameras on Saturday captured the moment officials cut the red ribbon marking the official opening of Doral Central Park. The ribbon-cutting was followed by an energetic parade that ushered guests into what officials said is the…

Census: Miami’s Population Surges More Than 10 Percent Since 2020

Between 2020 and July 1, 2024, Miami experienced a significant population surge, according to the latest estimates from the U.S. Census Bureau. The South Florida city’s population was 487,014 residents in 2024, which is a 10.1 percent increase from 2020 Census figures. In the same time frame, Atlanta saw a 4.3 percent rise in population, while Raleigh experienced an uptick…

Hot stuff: Envision Cold enters Florida by picking up West Little River freezer facilities for $47M

Envision Cold made its first Florida commercial real estate play, paying $47.2 million for a freezer facility complex in West Little River. An affiliate of Atlanta-based Envision Cold, led by Eric Diaz, Stephen Draper, and Austin Solem, acquired three cold storage warehouses spanning 187,122 square feet at 2950 Northwest 75th Street in unincorporated Miami-Dade County…

Developers Propose 29-Story ‘Aurea’ for 1321 NW 9th Avenue in Miami

Two developers have filed plans for Aurea, a 29-story residential tower near Miami’s Health District. If approved, the venture would measure 29 stories, requiring close to 400,000 square feet of new construction. It would occupy a vacant site. There would be 332 apartments at Aurea; residences would begin on the seventh floor, with unit sizes ranging from 400 to 920…

‘Crystalline Towers Floating 20 Stories Above Biscayne Bay’ Proposed

Miami’s Planning Department has received an application to build two residential towers adjacent to the Design District and Edgewater. The development includes two 20-story towers, and a combined: 164 residential units two lodging units 8,874 square feet of retail 374 parking spaces The design fully meets the Miami 21 zoning code, and no waivers are being requested.

Live Local Tower With 328 Residential Units Proposed In Edgewater

Miami’s Planning Department has received an application to build a Live Local tower in Edgewater, next to Wynwood. The development name is Sense 22. The project is: A Live Local development In a designated Transit Oriented Development area In an Opportunity Zone In the Omni Redevelopment Area Sense 22 is proposed to rise 36 stories and include: 328 residential units…

Unnamed Company Is Proposing To Replace The Metromover

An unnamed company is proposing to replace Miami’s Metromover with another transit option, according to Miami Herald reporter Doug Hanks. Miami-Dade commissioner Raquel Regalado said last week that she met with company representatives and likes the idea. Will it be more trains? “Sound like it,” Hanks wrote on social media. Metromover was originally built in 1986…

800-Room Grand Hyatt Hotel Breaks Ground in Miami Beach

After years of planning, construction is officially underway on the Grand Hyatt Miami Beach, a long-anticipated hotel development adjacent to the Miami Beach Convention Center. The project broke ground on the morning of Friday, May 16, 2025, just weeks after the development team secured a $392 million construction loan from TYKO Capital. The hotel is scheduled for completion…

Site Work Permit Approved for 20-Story Tower 91 in Miami’s Design District

Miami’s Building Department has approved a site work permit for Tower 91, also known as Cassi, a 20-story mixed-use development set to rise at 91–93 NE 36th Street in the city’s Design District. The permit clears the way for initial groundwork to begin on the site, located just west of Biscayne Boulevard. The project is being developed by Design District Associates and Prinz Corner LLC…

Foundation Work Completed at Villa Miami, a 650-Foot Residential Tower Rising in Edgewater

Construction has reached a major milestone at Villa Miami, a 56-story waterfront residential tower underway at 710 Northeast 29th Street in Miami’s Edgewater neighborhood. Designed by ODP Architecture & Design with DeSimone Consulting Engineers as the structural engineer, and developed by Terra and One Thousand Group in collaboration with Major Food Group…

192-Unit ‘Summer Breeze’ Proposed for Unincorporated Miami-Dade County

Two developers hope to move forward with a residential venture in Miami-Dade County that would offer workforce housing. The venture, known as Summer Breeze, would offer 192 units in three four-story buildings, with floorplans spanning studio to three-bedroom apartments. Seventy-six homes would be designated as workforce housing, reserved for those earning…

Site Work Permit Approved For Tower 91 Property

Miami’s Building Department has approved a site work permit for the Tower 91 development property, allowing work there to begin. The development has been referred to as both Tower 91 and Cassi. The Building Department is still reviewing a master construction permit and phased vertical permit for Tower 91/Cassi. Design District Associates and Prinz Corner LLC…

Groundbreaking Ceremony Tomorrow For 800-Room Grand Hyatt Hotel

After years of planning, Miami Beach’s giant convention center hotel is finally breaking ground. The groundbreaking ceremony is planned on Friday morning, just weeks after developers secured $392 million in construction financing from TYKO Capital to build the project. The Grand Hyatt is planned to rise 17 stories and include: 800 rooms (including 52 suites) amenities including…

Closure Pours Completed For Two Of Six Signature Bridge Arches in Downtown Miami

Contractors have completed closure pours for two of the arches planned for the Signature Bridge in downtown Miami, according to an FDOT stakeholder presentation released yesterday. A total of six arches are planned. The remaining four arches are in varying states of construction. FDOT says the project budget remains at $840 million, with completion still on track…

New Condos Above E11even, Space Mean You Never Have to Leave the Club

Calling all club rats: You can soon live above two of Miami’s most iconic clubs, should you feel the need to spend more time on the dance floor. This is not an ecstasy-fueled dream. Two E11even-branded 65-story, fully furnished residential towers developed by E11even Partners and PMG are coming to downtown Miami’s Park West neighborhood. The towers will leave residents steps…

PMG again looks to attract crypto condo buyers

PMG is jumping back into the cryptocurrency buyer pool via a collaboration with Shift4, a payment processing company. Miami-based PMG is offering the option to buyers across all of its Florida condo projects, including Waldorf Astoria Residences in Miami and St. Petersburg; E11even Club Residences Beyond; 38 West Eleventh Residences Miami; One Twenty Brickell Residences…

Lease roundup: Quest Workspaces, Florida agencies ink space in Doral

A flex office provider, Florida state agencies and a pipes company are among tenants that leased at Doral Center. Co-working provider Quest Workspaces now leases 38,100 square feet, after expanding its existing space by 14,600 square feet at the office complex on the southwest corner of Northwest 36th Street and Northwest 87th Avenue in Doral, according to a news release…

Second Phase of ‘Nine Hollywood’ Proposed for 1831 Jackson Street in Hollywood

Hallandale Beach-based Gadamis Property LLC wants to proceed with the second phase of Nine Hollywood. The first phase finished construction last year, where it comprises 226 units. The second phase of Nine Hollywood requires close to 205,000 square feet of new construction, measuring 13 stories and featuring 198 apartments. The studio to three-bedroom residences…

EDENS Buys Davie Retail Center for $51M

MacArthur Park is another retail property in EDENS’ portfolio. Image courtesy of CBRE Investment Management EDENS has expanded its South Florida holdings with the acquisition of Weston Road Shopping Center, a 108,623-square-foot, open-air shopping center in Davie, Fla. The property changed hands for some $51.3 million or about $483 per square foot, Commercial Observer…

Giuseppe Iadisernia scores $112M construction loan for second Hallandale Beach condo tower

Developer Giuseppe Iadisernia scored a $112 million construction loan for the east tower of his planned Oasis Hallandale condo development, bringing his total financing for the project to $197 million. New York City-based S3 Capital, led by Robert Schwartz and Joshua Crane, is providing the financing for the tower planned for 1000 East Hallandale Beach…

Construction Tops Off on Society Las Olas Phase II in Downtown Fort Lauderdale

Construction has officially topped off on the second phase of Society Las Olas, a 42-story residential tower at 140 Southwest 2nd Street in Downtown Fort Lauderdale. Developed by Property Markets Group (PMG) in partnership with Toronto-based Greybrook Realty Partners, the 450-foot-tall project marks a major milestone for what is set to become the city’s largest multi-residential…

46-Story Andare Residences Breaks Ground at 521 East Las Olas Boulevard in Fort Lauderdale

The Related Group has officially broken ground on Andare Residences by Pininfarina, a 46-story luxury condominium tower set to rise at 521 East Las Olas Boulevard in Fort Lauderdale. Marking the first high-rise condominium on Las Olas Boulevard in nearly two decades, the project is set to become a prominent addition to the city’s skyline. Rising to over 540 feet, the tower…

Broward County’s Tallest Residential Building Has Broken Ground

Construction is now underway on the tallest residential structure ever built in Broward County. Developer Related Group and Italian design house Pininfarina celebrated the groundbreaking on May 15. The 47-story Andare Residences Design by Pininfarina in Fort Lauderdale is planned to reach a height of over 540 feet above Las Olas Boulevard. It will include 163 residential units…

Portman proposes 397-unit apartment project in Pompano Beach

Portman Holdings proposes a 397-unit apartment project in Pompano Beach that would replace an existing office building. The application comes as developers increasingly are replacing aging office buildings with new projects. Atlanta-based Portman wants to build the apartments on a 3.2-acre site at 2400 East Atlantic Boulevard, according to an application included…

Even in ritzy Palm Beach, aging condos struggle under pressure of new laws and rising insurance

For the first time in more than 20 years, a new oceanfront condo project is proposed for the island of Palm Beach. Vlad Doronin’s OKO Group and Cain International presented plans for an ultra-luxury, three-building, 49-unit complex during the Palm Beach Town Council’s Development Review meeting on Wednesday. The proposal offers a sleek reimagination of 4.9 acres…

Riviera Beach extends deadline for bids to buy public land near waterfront

Developers interested in buying Rivieria Beach public land near the waterfront will have another month to make an offer. Riviera Beach council members, sitting as the board of directors of the city’s Community Redevelopment Agency, extended the deadline for offers to acquire and redevelop 2.2 acres of land at 1851 Broadway to June 19. The previous deadline ended May 14.

Why Tariff Turmoil Doesn’t Shake Up Fitch’s View on REITs

Macroeconomic headwinds and increasing international trade upheaval have not had an immediate impact on REITs. Nonetheless, management teams have noticed that tenants’ leasing decisions have slowed while they determine the impact of tariffs on their underlying businesses. The most immediate effect on REITs will be related to financing costs and capital access.

Self-Storage Demand Has Turned

After 18 months of occupancy and move-in rate declines combined with tough comps from the post-COVID peak, there’s a new tone coming out of the self storage REITs this quarter—and it’s not just cautious optimism. Across Public Storage, Extra Space, and CubeSmart, the message was clear: demand has turned, and fundamentals are stabilizing faster than expected.

Florida lawmakers amend condo-hotel law — again

Florida lawmakers amended a state law that governs the delicate balance of power between unit owners and investors at condo-hotel complexes. The change, made during the ongoing legislative session, marks the second consecutive year that legislators try to tackle the controversy that’s shrouding many of the state’s condo-hotels. The mixed-use developments consist…

Apartment Transactions Nationally Ease in 2025’s 1st Quarter

U.S. apartment transactions eased during the first three months of 2025, following historical trends. However, on a year-over-year basis, apartment sales (total dollar volume, number of properties, number of units and price per unit) were up. There were some notable sales during 1st quarter, with five apartment communities trading for more than $180 million.

The post Miami Commercial Real Estate News May 21, 2025: Coconut Grove Condo Buyout Completed; 724-Unit LLA Dev Proposed in South Miami-Dade; More… appeared first on Hawkins Commercial Realty.

$100 Million Renovation Plan Unveiled For The Ritz-Carlton Key Biscayne

A $100 million renovation plan has been unveiled for The Ritz-Carlton Key Biscayne, Miami, marking the first full-scale redevelopment of the resort since its debut in 2001. Gencom, which co-developed the original property nearly 25 years ago, spearheads the effort to modernize the 13-story, 420-key hotel. Completion is anticipated by December 2025…

Gencom Begins $100M Overhaul of Ritz-Carlton Key Biscayne Resort

Locally based Gencom has begun the $100 million overhaul of The Ritz-Carlton Key Biscayne, Miami resort. The 13-story, 275,000-square-foot hotel is located on a 17-acre site at 455 Grand Bay Drive on Key Biscayne, a barrier island situated south of Miami. Originally built in 2001, the property offers 420 guestrooms and 600 feet of direct beach access.

Two Projects with Affordable Housing Proposed for Broward and Miami-Dade Counties

Florida YIMBY has learned of two residential projects that will offer affordable housing in Broward and Miami-Dade counties. Here’s what we know. Keystone Holdings Group has proposed a high-rise residential tower in Miami. Measuring 18 stories above grade, Keystone Midway would offer 477 one-bedroom and two-bedroom apartments, with at least 40 percent (190) designated…

Site Work Permit Issued For Luxury 38-Story Edgewater Tower 2900 Terrace

Miami’s Building Department issued a site work permit yesterday for the 2900 Terrace property in Edgewater. The permit was issued to contractor Coastal Construction. It is the second construction permit issued for the development site. A tree permit was issued on April 30. Meanwhile, a master construction permit for a new tower continues to move through the approval process.

Panattoni seizes Flagler Station offices in deed in lieu, pays $21M for nearby building

Bridge Investment Group relinquished a Miami-Dade County office building in a deed in lieu of foreclosure and sold a nearby property for $20.8 million. The deals came as both buildings are struggling with high vacancies. Panattoni Development acquired both the half-vacant Building 1100 at 10451 Northwest 117th Avenue and Building 1300 at 9675 Northwest 117th Avenue…

Demolition Commencement Notice Filed At 90-Story Dolce&Gabbana Brickell Supertall Site

A Notice of Commencement has been filed for a Brickell Avenue property where a supertall is planned. A Developer is planning the 90-story, 1,049-foot Dolce&Gabbana Tower on the property. The NCO was recorded on April 29. It lists BG Group as the demolition contractor. The new 90-story Dolce&Gabbana tower completed administrative zoning review last year…

Miami Office Prices Remain Elevated as Development Levels Off

The Columbus Center is a 14-story Class A office building at 1 Alhambra Plaza in Coral Gables, Fla. Image courtesy of CommercialEdge Miami’s office sector started off the year with strong key metrics, according to the latest CommercialEdge data. While high vacancy rates have spread across most U.S. markets in recent years, the Magic City recorded the lowest figure among…

Historic Board Unanimously Approves 516-Foot Tower Across from Downtown Miami Brightline Station

The proposed First & Fifth tower has been granted unanimous approval by Miami’s Historic & Environmental Preservation Board. News of the approval was announced by Oak Row Equities, which is developing the project. The development includes partial demolition, alterations, an addition, and site improvements to a designated historic resource, the Salvation Army Citadel.

Construction Permits Filed For New Whole Foods In South Beach

A large new Whole Foods Market in South Beach has entered construction permitting over the past few weeks. The new store will be located on property currently occupied by a Wells Fargo Bank at 1901 Alton Road. There will be a Wells Fargo branch in the new building. Building Department records show that a total demolition permit, tree permit, foundation permit…

FAA Approves 411-Foot La Mare Hotel & Residences Structure In Brickell

The FAA granted approval for a new top of roof reconstruction in Brickell at the former One Broadway building. One Broadway is being converted into the La Mare Hotel & Residences. The rebuild includes modifying roof parapets with a modern design. The request submitted to the FAA was for new layout of rooftop obstruction lights. The FAA approval letter was issued yesterday.

Related Urban seeks extension of a ground lease for Live Local project in Miami-Dade

Related Urban is seeking more years on a ground lease to develop a Live Local Act mixed-income multifamily and office complex on a Miami-Dade County public housing site. The deal could generate $97.4 million over a century for the county, according to Miami-Dade officials. On Tuesday, the Miami-Dade County Commission’s housing committee will consider…

Keystone proposes 477-unit Live Local Act project in Fontainebleau

Keystone Holdings Group proposes a 477-unit Live Local Act project in the Fontainebleau neighborhood. The Miami-based firm wants to build the 18-story Keystone Midway on its 2-acre lot at 190 Northwest 79th Avenue in unincorporated Miami-Dade County, according to an application filed to the county early this month. The project will consist of one- and two-bedroom apartments.

Caution flags waving for bankers facing tariffs unknowns

As conversations revolving around tariffs continue to develop, the banking community is expected to become more cautious when it comes to lending. “Banks are going to be impacted basically from the risk in the economy,” said Dr. Manuel Lasaga, a clinical professor in the Department of Finance at Florida International University’s College of Business and president…

Plans for 337 MiMo area residences sidetracked

A developer is ready for the second phase of a mixed-use residential development in Miami’s MiMo neighborhood, next door to Legion Park. But the city’s Urban Development Review Board was unable to advance the application after an exhaustive review of the new site plan for phase two of Adela at MiMo Bay, at 645 NE 64th St. The project calls for six stories, up to 337 dwellings…

Miami Beach plans to lure Israeli and Jewish-owned firms

Miami Beach has voted to seek out and lure Israeli and Jewish-owned companies to the city. Commissioners in April voted unanimously to direct the city administration to develop an initiative via the city’s Economic Development Department to attract Israeli and Jewish-owned companies. “This is an item I’m incredibly proud to bring and excited about,” said Commissioner Joseph…

Olympic sailing training center to stay on in Grove

The US Sailing Center Miami, the nation’s only Olympic sailing training site, will continue to operate at Kennedy Park in Coconut Grove through 2037, preserving public access to Biscayne Bay for local and competitive sailors. During their May 8 meeting, Miami city commissioners voted unanimously to exhaust all possible lease renewals, extending the center’s lease…

FAA Permits Filed for 820-Foot-Tall Skyscraper at 19051 Collins Avenue in Sunny Isles Beach

YIMBY has spotted five recent Federal Aviation Administration (FAA) permit filings submitted on May 2, 2025, for a potential high-rise development at 19051 Collins Avenue in Sunny Isles Beach. The filings indicate a tower reaching 820 feet above ground, or approximately 828 feet above mean sea level, suggesting what could become the tallest oceanfront residential…

Exterior Work Nears Completion at NoMad Residences Wynwood in Miami

Exterior work is progressing toward completion at NoMad Residences Wynwood, a nine-story condominium development underway at 2700 Northwest 2nd Avenue in Miami’s Wynwood Arts District. Recent construction activity reveals the near-final appearance of the building’s façade, marking a major milestone for the project, which introduces the first residential…

Construction Financing Sign Installed At 61-Story Brickell Gateway Site

A construction financing sign was installed in the past few days at the Brickell Gateway project site. Developers Atlantic Pacific and Gazit Horizons are planning a 61-story, 761-foot tower on the property, which is in sight of Brickell City Centre. Plans for the development have been moving through planning approval and construction permitting with Miami-Dade County…

Foundation Pour Completed For Copper-Clad Villa Miami Tower In Edgewater

A foundation pour was completed in Edgewater over the weekend for the Villa Miami tower, according to an Instagram post by C&C Concrete Pumping. Site work for Villa Miami began in September. Groundbreaking took place in December, with the first crane installed by April. Villa is planned as an ultra-luxury, cooper-clad tower that will top off at 650 feet.

Plans Filed For North Bay Village’s Tallest Building Ever

A developer is proposing the tallest building ever in North Bay Village. According to a filing with the FAA, the building is planned to reach a height of 523 feet above ground, or 533 feet above sea level. The developer is listed as Harbor Island Development Company. The company includes executives from Related Group as its managers. Related and New York developer Macklowe…

Abandoned Industrial Sites Could Get A Second Chance Amid Shifting Manufacturing Demand

Billions of dollars in planned factory projects have been canceled or paused in the last six months, a development with the potential to pour cold water all over visions of new economic hubs in some of the country’s lower-profile corners. But a new wave of projects in industries like pharma, tech and automotive are ready to refill the pipeline, keeping demand…

FAA Filings Suggest Two 523-Foot Towers Planned For 8000 East Drive In North Bay Village

YIMBY has spotted new Federal Aviation Administration (FAA) permit filings submitted on May 8, 2025, indicating early-stage planning for two high-rise structures at 8000 East Drive in North Bay Village. The site occupies the northernmost point of Harbor Island. Currently, it houses the now-shuttered Biscayne Sea Club, a 1955-built co-op community consisting of two three-story…

New Tenants and Openings Advance Miami Worldcenter’s Retail and Dining Core

Miami Worldcenter’s expansive 27-acre development continues to evolve as several retail, dining, and lifestyle tenants recently opened their doors, adding to the growing mix of commercial offerings within the $6 billion mixed-use master plan in Downtown Miami. Located across ten city blocks, the pedestrian-oriented development is led by Miami Worldcenter Associates—headed…

Atlantic Pacific proposes 375-unit affordable, workforce housing project in Miami’s Overtown

Atlantic Pacific Companies proposes a 375-unit project with affordable and workforce apartments in Miami. The Boca Raton-based development firm wants to build an eight-story building with 10,000 square feet of ground-floor commercial space and a 421-space garage on a portion of the site at 800 Northwest Fifth Avenue in the Overtown/Park West area…

Robert Rivani’s Black Lion bids adieu to Brickell, sells two commercial units for $38M

Robert Rivani’s Black Lion exited the Brickell submarket after selling a pair of commercial condos leased to fine dining restaurants for a combined $38.2 million. Black Lion affiliates sold an 8,000-square-foot commercial unit with a 3,000-square-foot patio on the first floor of the SLS Lux Brickell condominium at 805 South Miami Avenue, and a 9,000-square-foot ground-floor space…

‘Tropical Crossings’ Proposed for South Dixie Highway and Southwest 250th Street in Princeton

Miami-based developer Pinnacle Housing has filed plans for the second phase of its affordable housing community in the region. The project comes on the heels of its predecessor, Tropical Pointe, a 215-unit development next door. Tropical Crossings will measure eight stories above grade, offering 110 studios and one-bedroom homes. The units would span about 500 to 680…

The Perigon Completes First Hydrostatic Concrete Slab Pour at 5333 Collins Avenue In Miami Beach

The Perigon, a 17-story ultra-luxury condominium tower rising on a two-acre beachfront parcel at 5333 Collins Avenue in Miami Beach’s Mid-Beach neighborhood, has reached a significant construction milestone with the completion of its first hydrostatic concrete slab pour. The operation involved approximately nine continuous hours of pouring, using 520 cubic yards of concrete…

Construction to Start on ‘NoMi Square’ This Summer at 13855 NW 17th Avenue in Miami

Nearly three years after securing approval for NoMi Square, Integra Investments is one step closer to breaking ground, thanks to a $65 million construction loan. Construction is expected to start on the seven-story venture this summer, where it’s estimated to take two years. Upon completion, NoMi Square will measure seven stories above grade and comprise 342 units…

$600M MIA Terminal Expansion Scheduled For County Vote

A contract for an expansion of MIA’s South Terminal is on the agenda next week for Miami-Dade commissioners. The South Terminal expansion received two design-build price proposals, according to a memo. The two evaluated price proposals were from Lemartec-NV2A ($532M) and Weitz-MCM JV ($743M). Officials are recommending commissioners accept the lower…

German developers launch condo sales for Cloud One Hotel & Residences Wynwood

A German partnership is moving ahead with plans for The Cloud One Hotel & Residences Wynwood, a mixed-use project with condominium and hotel components. Sebastian Lüdke of ALP.X Group, Motel One and Ralf Büschl of the Büschl Group plan to launch condo sales this month, the developers told The Real Deal. They tapped Douglas Elliman to lead sales.

Site Work Permit For Santander Tower on Brickell Avenue Enters Review

A site work permit for Brickell’s Santander Tower property entered review last week. Plans for the permit were accepted on April 28, with review beginning shortly after. A total demolition permit has already been issued and that work is underway. There is also a master construction permit for the new tower in review, and a phased vertical permit pending the start of review.

Wynwood Apartment Complex Amara Wynwood with 210 Units Nearly Complete

Hundreds of new residents are about to begin moving into Wynwood, as an apartment complex is now nearly complete. Amara Wynwood, formerly known as Wynwood station, will have 210 apartments. The 8-story building also will include 11,000 square feet of retail. There are apartments now listed as available for lease on the development website with a move-in date of May 15.

How can a product be imported tariff-free to Miami without entering the U.S.? Welcome to the FTZ

Among the warehouses that bump up against the Everglades, west of the Florida Turnpike in Miami-Dade County, is a door. And on that door is a sign. On that sign, between two Department of Homeland Security logos in red capital letters, is the word “warning.” Walk through this door and a visitor is leaving the United States — as far as international trade is concerned.

Miami Multifamily Real Estate Report – Q1 2025

Market Snapshot for Miami Multifamily Real Estate We’ve compiled key statistics (vacancy rates, absorption rates, and rental rates) and property transactions for Miami multifamily real estate in this report. The Miami multifamily report is updated quarterly by our commercial real estate professionals. We also want to cover the bigger picture and provide some information about…

Alo Yoga stretches onto Lincoln Road, plans store and private health club

Alo Yoga is looking to activate a dead corner on Lincoln Road and Collins Avenue with a new store and private health club. The Miami Beach Historic Preservation Board is scheduled to vote on Tuesday on Beverly Hills-based Alo Yoga’s planned renovation of a former Walgreens pharmacy on the ground-floor of the Decoplage condominium at 100 Lincoln Road.

Namaste: Miami Beach board approves Alo Yoga’s planned store and health club

The Miami Beach Historic Preservation Board found clarity and balance with Alo Yoga’s plans for a new store and private health club on a dead retail corner at Collins Avenue and Lincoln Road. At a Tuesday hearing, the board voted 5-0 to approve Beverly Hills-based Alo Yoga’s revamping of a shuttered Walgreens pharmacy on the ground-floor of the Decoplage condominium…

Practical Density Expectations in Miami Area 5-Story Multifamily Builds

A recurring question in multifamily development involves the viability of 5-story projects. While zoning under the Live Local Act may allow for greater height and density, in practice, many sites face economic height constraints. That is, although taller buildings may be permitted, the marginal cost of construction per unit rises significantly with each additional story—often outpacing…

Lease roundup: Maple & Ash, Earls Kitchen + Bar open at Miami Worldcenter

Two restaurants, including a Chicago-based steakhouse, are among new tenants at the Miami Worldcenter mixed-use complex. Maple & Ash opened a 22,000-square-foot flagship steakhouse on two stories at 699 Northeast First Avenue in downtown Miami, according to a Miami Worldcenter news release. Earls Kitchen + Bar opened in 8,400 square feet at 150 Northeast Eighth Street.

D.R. Horton proposes 190 townhouses, 57 single-family homes in south Miami-Dade

D.R. Horton proposes a 247-unit residential development in south Miami-Dade County. The Arlington, Texas-based homebuilder plans 190 townhomes and 57 single-family homes on the southwest corner of Southwest 344th Street and 193rd Avenue in unincorporated Miami-Dade County, according to an application filed early this month. The 26.2-acre assemblage consists…

Edens pays $51M for Davie shopping center with a big box vacancy

Edens picked up a Davie shopping center with a recent big box vacancy. An affiliate of Columbia, South Carolina-based Edens, led by CEO Jodie McLean, paid $51.2 million for Weston Road Shopping Center at 4410-4484 Weston Road, records and real estate database Vizzda show. This month, the shopping center lost its major tenant when Office Depot moved out of the 108,623 sf…

Mixed-Use Transit-Oriented University Station in Hollywood Completed

A mixed-use development has been completed in Hollywood where a new commuter rail station is planned along the Brightline tracks. Developer Housing Trust Group held a grand opening last week for the $100M project, known as University Station. It is located at the site where a future commuter rail station is planned by Broward County, with access to Miami and Fort Lauderdale.

Starlife Group Launches Vertical Construction for 13-Story Mixed-Use Development in Hollywood

Starlife Group has launched vertical construction on 21 Hollywood, a 13-story mixed-use development located in Hollywood. Designed by Miami-based architect Kobi Karp, the project will feature 200 apartments and 10,000 square feet of ground floor retail space. Starlife Builders, a subsidiary of Starlife Group, serves as 21 Hollywood’s general contractor.

Louis Birdman and partners win approval for mixed-use development with 618 apartments in Hollywood

Developer Louis Birdman and partners advanced plans to build 618 apartments in Hollywood, as part of a mixed-use development on a city-owned brownfield property just west of I- 95. The Hollywood City Commission voted Wednesday to rezone the site from “government use” (GU) to “planned development” (PD) and approve a master plan for the mixed-use development…

Developer Proposes Final Phase of ‘Shalimar at Plantation’ at 8490 Cleary Blvd

Since October 2021, Florida YIMBY has closely followed developments regarding Shalimar at Plantation, a luxury rental community in its namesake city. Now, we’re here to share updates about the community’s third and final phase: Shalimar North, the accompaniment to Shalimar West and Shalimar East. Of the three phases, Shalimar North would offer the smallest units.

Carolina Club Golf Course Could Be Redeveloped into Mixed-use Venture at 3011 Rock Island Road in Margate

Boca Raton-based Rosemurgy Properties has filed plans to redevelop the defunct Carolina Club Golf Course in Broward County into a large-scale mixed-use project. The 150-acre site would undergo a major transformation if approved by city officials. The development plan includes 377 townhomes and a six-story apartment building with 507 units, along with 57,500 sf…

42-Story, 563-Unit Tower Society Las Olas Phase 2 Tops Off In Fort Lauderdale

Society Las Olas Phase 2 has topped off. The two combined phases of Society Las Olas will include a total of around 1,200 units. The first tower, which includes 639 units, was completed in 2020 and sold in 2021. It has since been renamed Flow Fort Lauderdale. The second tower is planned to add another 563 units. According to PMG’s website, the building height…

Developer plans nine-story hotel near downtown Fort Lauderdale

A Connecticut-based developer plans to build a nine-story hotel just east of downtown Fort Lauderdale and operate it under the Canopy by Hilton brand. New Castle Hotels & Resorts won city approval Tuesday for the 172-room hotel one block east of Federal Highway and two blocks north of East Las Olas Boulevard. New Castle paid $8.5 million in 2023 to acquire…

Realterm buys industrial outdoor storage in Pompano Beach for $25M

A logistics real estate company bought an industrial outdoor storage site in Pompano Beach for $25 million. Annapolis, Maryland-based Realterm purchased the property at 3120 Northwest 16th Terrace, according to the buyer’s news release. Entities led by Scott Daiagi sold the two-lot site, records show. Roberto Susi and Jose Sasson-Lerner of Axiom Capital Advisors represented…

Phase One of Parks at Delray Completes Construction at 2100 South Congress Avenue in Delray Beach

Construction has wrapped up on Phase One of Parks at Delray, a sprawling mixed-use development located at 2100 South Congress Avenue in Delray Beach, Florida. General contractor ANF played an integral role in delivering this initial phase, comprising 420 luxury rental units within the expansive 43-acre community. Developed by 13th Floor Investments and Key International…

Rockpoint JV sells West Palm office tower for $45M – 26% discount from purchase price four years ago

Bradford Allen Investment Advisors bought the One Clearlake office tower in West Palm Beach for $45 million, marking a nearly 26 percent discount from its previous sale price four years ago. Boston-based Rockpoint and its partners sold the 18-story building at 250 South Australian Avenue, according to records and real estate database Vizzda.

Riviera Beach approves 25-story mixed-use condo project

Forest Development’s Peter Baytarian can move forward with plans to build a pair of 25-story mixed-use condo towers in Riviera Beach. The Riviera Beach City Council Wednesday evening unanimously approved a pair of resolutions tied to the project, called Oculina, to be built at 3700 Broadway. Designed by Palm Beach Gardens-based Insite Studio, the Oculina project will be…

Live Local developers eye outcome of civil lawsuits and latest bill

Florida lawmakers recently strengthened the Live Local Act’s state control over municipalities, aiming to crack down on cities and counties that try to block applications filed under the workforce housing law. The amendments, unanimously approved by the House and Senate, which now await Gov. Ron DeSantis’ signature, are geared toward encouraging more Live Local Act projects.

Video: Ethan Chernofsky of Placer.ai Discusses RTO vs WFH Trends

In the world of commercial real estate, the pandemic has catalyzed significant shifts in the way workplaces function, and how businesses and employees perceive the office environment. As the host of America’s Commercial Real Estate Show pointed out, the pandemic has precipitated the widespread adoption of hybrid work models, leading to changes in office building traffic…

ULI Special Report: Optimism and Uncertainty

Both uncertainty about the economy and predictions of relatively strong performances for most commercial real estate asset classes permeated the second day of the Urban Land Institute’s 2025 Spring Meeting. At the same time, present sector fundamentals and economic indicators did little to assuage larger concerns for panelists around the yet-to-be-seen impacts of tariffs…

PolitiFact FL: Did Canadian tourism to Florida decline amid Trump’s 51st state comments?

Canadians have long spent wintertime in Florida, trading in frigid temperatures for the Sunshine State’s sunny beaches and spending money on restaurants and hotels that cater to Canadian tourists. But President Donald Trump’s rhetoric and actions targeting Canada has given some Canadians pause about spending money in the U.S. Trump has repeatedly said Canada should…

After Recent Policymaking Meeting, Atlanta Fed President Discusses FOMC Decision

The Federal Open Market Committee (FOMC) voted unanimously Wednesday to hold interest rates steady amid uncertainty over trade policy, as well as economic concerns that have been observed but have yet to appear in data. Atlanta Fed president Raphael Bostic supported the decision, citing the potential continuation of the current period of uncertainty.

Glory Days Ahead for Multifamily Owners in 2025

Like many other real estate assets that underwrote exceptionally well in 2021–2023, multifamily sits near the top. The tailwinds were significant: low interest rates, a mass shift to remote work, cap rates that dropped 10–20%, banks that were bullish on commercial real estate, and no tariffs. There was so much momentum that developers could absorb rapidly increasing…

Video: Fountain Residential CEO Brent Little on the Student Housing Sector Today

In a recent episode of America’s Commercial Real Estate Show, the host welcomed Brent Little, the President and CEO of Fountain Residential, to delve into the multifaceted world of student housing. Fountain Residential has been operating exclusively in the student housing sector for nearly a quarter of a century, developing over 50 projects across the United States…

The post Miami Commercial Real Estate News May 14, 2025: Affordable Housing Projects Proposed for Broward, Miami-Dade; North Bay Village Tallest Ever Proposed; More… appeared first on Hawkins Commercial Realty.