New Urban Communities reached a deal to build Margate City Center, a mixed-use project on 36.5 acres valued at $150 million. The Margate Community Redevelopment Agency on July 12 approved the development agreement with the Delray Beach-based company, led by by Timothy Hernandez and Kevin Rickard. New Urban Communities would acquire most of the property…
CC Residential, led by veteran developers Armando Codina and James Carr, acquired an apartment construction site in West Kendall, along with the financing to begin the project. Kendall Investors 172 LLC, managed by Victor Brown, sold the 8.2-acre site at the southwest corner of Kendall Drive and Southwest 172nd Avenue for $5.75 million to CC…
The Club at Kendall nursing home will soon break ground thanks to a $21.07 million construction loan from SunTrust Bank. The Atlanta-based bank (NYSE: STI) awarded the mortgage to 157th Avenue LLC, an affiliate of Tampa-based Greystone Health. It plans to build 150 nursing home beds and 9,000 square feet of retail on the southwest…
The Village of Old Cutler mixed-use project has been proposed in Cutler Bay in south Miami-Dade County. Clearwater-based Boos Development Group will seek approval of its site plan before the town council on July 20. It would be on the 3.64-acre site at 20002 Old Cutler Road, which currently belongs to Village of Old Cutler…
More components of the $1.05 billion Brickell City Centre have opened. The 352-room EAST, Miami hotel has finally welcomed its first guests. The Reach condo tower opened in April, and its sister tower, Rise, should open in late summer. Three Brickell City Centre, an office building anchored by Akerman LLP, opened in February, and the…
SOURCE: Metrostudy www.metrostudy.com 561-228-8001 Rank Company / URL 2015 S. Fla. closings Notable S. Fla. communities Price range Year founded Top executive(s) 1 The Related Group, 315 S. Biscayne Blvd., 4th floor, Miami, FL 33131, 305-460-9900, relatedgroup.com 793 GranParaiso, Icon Las Olas 140000 – 15000000 1979 Jorge Pérez 2 The Lynd Co., 8000 Interstate Highway…
SOURCE: Metrostudy www.metrostudy.com 561-228-8001 Rank Company / URL 2015 S. Fla. starts Notable S. Fla. communities Price range Year founded Top executive 1 The Related Group, 315 S. Biscayne Blvd., 4th floor, Miami, FL 33131, 305-460-9900, relatedgroup.com 979 GranParaiso, Icon Las Olas 140000 – 15000000 1979 Jorge Pérez 2 Swire Properties, 501 Brickell Key Drive,…
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…