U.S. Century Bank has settled a foreclosure lawsuit that named one of its former directors and modified the associated mortgage. That ends a dispute between the Doral-based bank and Rodney Barreto, who was previously a board member for nine years. His is currently chairman of the Miami Super Bowl Host Committee and the head of…
A mural in Wynwood (Credit: Phillip Pessar) The Wynwood Business Improvement District’s board of directors unanimously backed plans to increase the size of the special taxing district, during a meeting Wednesday. Proposed boundaries (click to enlarge) The expansion aims to incorporate dozens of properties that were previously left out of the BID, including a few…
An affiliate of AHS Development Group wants to build a workforce housing complex in south Miami-Dade County. County officials received plans for the 175-unit project on July 7. It would be on the north side of 152nd Street just west of Southwest 97th Ave. — between Jackson South Community Hospital and Coral Reef Senior High…
Miami officials will consider the design plans of five new projects in the booming city, including the redesigned Miami Worldcenter, an apartment tower with no parking by a prominent developer and a mixed-use building in Midtown. All five items will go before the city’s Urban Design Review Board on July 25. The 27-acre Miami Worldcenter…
A retail center in Hialeah has been targeted for foreclosure. First-Citizens Bank & Trust Co. (Nasdaq: FCNCA) filed a foreclosure lawsuit on June 29 against Bremar Development and managing member Jorge D. Marrero. It concerns a mortgage issued for $3.59 million in 2008 by Sun American Bank, which later failed. The property at issue is…
A June 2011 photo of the downtown Miami skyline (Credit: Marc Averette) and a foreclosure sign While much of South Florida’s housing market is still finding its footing, one factor remains steady: foreclosure rates are going down, down, down. A newly released report from RealtyTrac shows foreclosures for the tri-county area have fallen by more…
Renderings of 222 Wynwood, Wynwood 26 and Wynwood 25 The Wynwood Design Review Committee unanimously approved designs for three buildings taller than 80 feet after an hours-long meeting on Wednesday. Wynwood DRC members admitted they were worried that such tall massive buildings may forever change the low-rise artistic atmosphere that helped make the former manufacturing…
A retail building on the north side of Miami Beach sold for $10.5 million. Peter Korakakos and Andre Korakakos sold the 12,652-square-foot building at 7300 Collins Ave. to Collins and 73rd Developers LLC, managed by Silvia Sabates Coltrane, the CEO of Surfside-based Transacta Developers. The price equated to $830 per square foot. It was built…
A retail building on the north side of Miami Beach sold for $10.5 million. Peter Korakakos and Andre Korakakos sold the 12,652-square-foot building at 7300 Collins Ave. to Collins and 73rd Developers LLC, managed by Silvia Sabates Coltrane, the CEO of Surfside-based Transacta Developers. The price equated to $830 per square foot. It was built…
A 92-year-old office building in downtown Miami that supports the county courthouse was acquired for $22 million. Courthouse Realty Corp., managed by Salomon Terner, sold the four-story, 56,205-square-foot building at 22 N.W. 1st Street to Courthouse East Acquisitions, managed by David Aaron in Miami Beach. Coral Gables-based BAC Florida Bank provided a $13.2 million loan…