Carillon Miami Beach’s $25 million transformation is expected to break ground by spring 2016, executives from the condo hotel and spa told the South Florida Business Journal. The multimillion-dollar renovation will recreate notable historic features from when the hotel was a hang out for Frank Sinatra’s Rat Pack, and add some modern touches. “It will…
Buenos días, South Florida. 1. Florida’s most unique place to visit If you’re looking for cool places to travel in 2016, the Weather Channel just made it a little bit easier for you by compiling a list of the most unique place to spend the night in every state. Florida’s contribution? The Jules Undersea Lodge,…
A rendering of the two-tower Apeiron at the Jockey Club project in North Miami Apeiron at the Jockey Club, an upcoming mixed-use project in North Miami, just took a major step forward after its developers closed on $21 million in financing for the first phase. The loan was issued by Toronto commercial lender Romspen Investment…
Sawgrass Mills As South Florida’s retail landscape continues to blossom, an abundance of new leases were signed in 2015, heralding the arrival of stores, movie theaters and supermarkets. The Real Deal analyzed CoStar Group data to rank the top retail leases for the year in Miami-Dade, Broward and Palm Beach counties by square footage. Here…
Miami residential and hotel project Apeiron at the Jockey Club joins other South Florida projects in the race to close financing deals by the end of the year. Apeiron announced Wednesday the closure of $21 million in construction financing for its first phase. The loan was provided by Toronto-based mortgage lender Romspen, and will be…
310 Northwest 24th Street, which is west of 250 Wynwood Block Capital Group has closed on an art gallery in Wynwood for $6 million, or $723 per square foot. The buyer, a Miculitzki family and Cabi Developers joint venture, entered the Wynwood market earlier this year. Block Capital Group is working with architects to divide the 8,300-square-foot building into…
There were a dizzying amount of commercial real estate transactions in South Florida in 2015 as investors sought out the stability of bricks and mortar. Prices approached or surpassed the height of the real estate boom of the mid 2000s in many sectors. Cap rates in South Florida were low compared to other regions, which…
The former location of Grand Central Lounge in Overtown, which will now house a piece of Miami Worldcenter 1. Popular Miami lounge demolished to make way for Worldcenter [The Next Miami]2. Broward County hotels reap double-digit price increases in November [SFBJ] 3. Tri-Rail’s missing links for its downtown station [Miami Today]4. Zaha Hadid submits new value-orieted…
Rendering of Akua and Peter Zalewski As South Florida enters the fifth year of this current real estate cycle, developer optimism appears to still be growing in the town of Bay Harbor Islands, where more than two dozen new condo buildings have already been announced since 2011. The latest condo building to be proposed for…
A 2013 photo of the Miami skyline from Brickell (Credit: Gabriel Kaplan) Talk about a stocking stuffer — Miami is on track to break an all-time home sales record this year with nearly 13,000 houses already sold before December. Miami-Dade County has posted a new home sales record each year for the last five years,…