Rendering of Wynwood 26 The Related Group and Block Capital Group have submitted plans for a mixed-use apartment project in Wynwood. Wynwood 26, at 51 Northwest 26th Street, joins a handful of new proposals aimed at adding new residents to Wynwood. As planned, the development will have 174 apartments, a courtyard, rooftop, paseo and murals. It…
Rendering of 222 Wynwood RedSky Capital is joining the roster of developers looking to transform Wynwood. The Brooklyn-based company has filed plans to build 222 Wynwood, an eight-story building with work/live lofts and an industrial feel. (Click to enlarge) Architectural workup of the building’s interiors According to documents uploaded by the Next Miami, RedSky is…
Related Group CEO Jorge Pérez told Bloomberg that he hopes to eventually hand over his real estate empire to his sons, Jon Paul and Nicholas. The 66-year-old billionaire said he’d like to see his sons take charge in a few years so he can focus more on travel, philanthropy and art. Pérez is the main…
A foreclosure lawsuit over the former Bertram Yacht property on the Miami River has been resolved and the owner can move forward with a redevelopment plan. Birch Commercial Mortgage, an affiliate of San Francisco-based Alecta Real Estate Investment, filed the $16 million foreclosure lawsuit in January against Interterra Investments Group and Intermarine Investments. Both companies…
The Boulevard 57 condo project in Miami’s MiMo neighborhood has suspended its sales efforts, but the developer insisted that the project is not canceled. The Real Deal reported on July 8 after an interview with Unitas Development Group COO Hector Torres that the project was canceled and the entire site was being marketed for $26…
Nine years after two office buildings in Plantation were destroyed by a fire, a new office building could rise on the site. Plantation Professional Plaza LLC, managed by Atal Bansal, filed an application to build an office building at 1248 and 1310 N. University Drive. Plantation Principal Planner Peter Dokuchitz said it would have 64,473…
The $150 million mortgage on CityPlace in West Palm Beach has gone delinquent, according to Trepp LLC, as owner the Related Cos. seeks flexibility from its lender. The 698,472-square-foot retail center at 700 S. Rosemary Avenue downtown was developed in 2000 by the Related Cos., headed by billionaire Miami Dolphins owner Stephen Ross. It’s still…
The Village of Palm Springs could rezone a 60-acre strip near Palm Beach State College’s Lake Worth campus and JFK Medical Center to double its density as an incentive for mixed-use development. The staff-initiated zoning item will be heard by the city’s Land Development Board on July 12 and then by the Village Council on…
A rendering of 318 Northwest 24th Street Two Zuma investors will open a fast casual chicken restaurant in Wynwood, set to open in time for Art Basel. Part of Block Capital’s property as of last week Le Chick Rotisserie will open in a 4,000-square-foot space at 310 Northwest 24th Street, on the same block as…