The Miami-Dade County Commission unanimously approved the selection of a unit of Miami-based the Related Group for the $307 million redevelopment of the Liberty Square housing project in Miami’s Liberty City. Related Urban would build 1,332 new housing units at Liberty Square and 216 units at Lincoln Gardens in nearby Brownsville. Both are low-income communities…
Venture capital can’t get enough of WeWork (Illustration by Lexi Pilgrim for The Real Deal) TRD Special Report from the New York website:Sporting a Nehru jacket and addressing an audience that included Indian Prime Minister Narendra Modi, Adam Neumann made it clear he didn’t want his company to be thought of as a number. Even if…
Rendering of the Hillsboro Technology Center in Deerfield Beach Two South Florida-based companies are moving their corporate headquarters to new sites in Deerfield Beach and Aventura. Deerfield Beach The developer of the Hillsboro Technology Center signed a lease with the Learning Experience, an early childhood education company. The Learning Experience will occupy 39,000 square feet at the…
Two companies are seeking public incentives to create high-skilled jobs in Palm Beach County. Both requests will be heard by the Palm Beach County Commission on July 12. One company is confidential and the other is not. The Business Development Board of Palm Beach County worked with both companies. Sancilio & Co. could receive up…
Rendering of Royal Caribbean’s new terminal in PortMiami Royal Caribbean’s new cruise terminal in PortMiami is a go. Miami-Dade County commissioners on Wednesday unanimously approved the public-private partnership that will allow Royal Caribbean to build a terminal in PortMiami large enough to house the world’s largest cruise ships. Last week, Miami-Dade and Royal Caribbean announced…
The Related Group obtained a $92.7 million construction loan for its GranParaiso condo tower in Miami’s booming Edgewater neighborhood. Bank of the Ozarks (NYSE: OZRK) awarded the mortgage to PRH Paraiso Two LLC, an affiliate of the Miami-based condo developer, for the project along Biscayne Bay at 480 N.E. 31st Street. It broke ground in…
Mill Creek Residential has broken ground as it secured a $39.39 million construction loan for the second phase of its Modera Douglas Station apartments in Miami. HSBC Bank USA awarded the mortgage to MCREF Bird Road Development Phase II, an affiliate of Boca Raton-based Mill Creek Residential. The project at 3090 S. Douglas Road will…
An apartment complex in Miami’s Coconut Grove sold for $11.1 million, a 72 percent gain from its previous trade three years ago. Grove 66 LLC, managed by Anibal J. Duarte-Viera in Coral Gables, sold the 66-unit project at 2890 Virginia Street along U.S. 1, to Virginia Miami Realty LLC, a New York-based company managed by…
The Learning Experience signed a deal to relocate its headquarters and about 100 employees from Boca Raton to Deerfield Beach. The preschool operator signed a 39,000-square-foot lease at the Hillsboro Technology Center that will include 28,000 square feet of office space and 11,000 square feet for its new Academy of Early Education. The business park,…