Three-tower development site trades for $13M

The site of a proposed three-tower project in North Miami Beach has traded for $13 million. Biscayne Cove LLC, managed by Enrique R. Puig, sold the 8,569-square-foot restaurant at 16375 Biscayne Blvd. and about 4.15 acres of surrounding land to Biscayne Park Development. The buyer is managed by Albert Benalloun and Hernan Gleizer, the heads…

City to consider 2 downtown multifamily projects, including tower on prominent street

Fort Lauderdale will consider two large multifamily projects downtown, including an apartment tower on high-end Las Olas Boulevard with frontage on the New River. Both items will go before the city’s Development Review Committee on Tuesday. They highlight the urban development boom in downtown Fort Lauderdale, with many apartment buildings and hotels in the pipeline.…