The Love Street mixed-use project received final approval from the Jupiter Town Council on June 7. The project by Hobe Sound-based Modica Group, led by former WXEL head Charles Modica, would be on the 3.8-acre site on the southwest corner of Love Street and Ocean Boulevard (A1A). It has water access near where the Loxahatchee…
A strip of retail buildings, some declared historic landmarks, were acquired for $10.25 million in wealthy Palm Beach. Vesenaz Inc., a Netherlands Antilles company headed by President Faisal Alsaud, sold the property at 207 and 211 Royal Poinciana Way and 212 Sunset Ave. to MSPB LLC, managed by local developer Robert Frisbie. The property has…
Night view of Brickell from the Brickell Key Bridge (Credit: EdoDodo) Lately, one question has permeated the minds of many in Miami’s real estate community: Is another bust on its way? The answer is much more complicated than a simple “yes” or “no,” but as market analyst Anthony Graziano explained at a Tuesday morning discussion…
FCI Residential, the development subsidiary of sugar producer Florida Crystals, wants to build an apartment building with some retail in Palmetto Bay’s new downtown district. In December, the city passed a major rezoning that created a Downtown Urban Village district with more density and mixed-use projects. On June 20, the city’s Planning and Zoning Board…
An affiliate of Shoma Group wants to build a townhouse project in Miami Beach. The city’s Historic Preservation Board will meet June 14 to consider the 11-unit project at 1030 15th Street, just two blocks south of Lincoln Road on Michigan Avenue. Shoma Lincoln Investments, headed by Shoma Group President Masoud Shojaee, acquired the 32,000-square-foot…
After tearing down its long-time church and selling the land to a mall, the Church by the Sea has purchased land for a new sanctuary, plus some commercial uses. Ocean Cadillac sold its car dealership on the 1.4-acre site at 1000 Kane Concourse in Bay Harbor Islands for $20 million to CBS Realty Holding, part…
1443 West Avenue in Miami Beach A boutique apartment building in South Beach has a new owner and a new purpose: the 10-unit Art Deco building was sold to a Spanish investment group that will convert the property to short-term rentals. Brokers Deme Mekras and Elliot Shainberg West Avenue Deco Apartments LLC sold the building at…
The Miami-Dade County Commission on June 7 will consider a plan that would aggressively promote the development of workforce housing by mandating that larger developments make up a certain percentage of units affordable for working households. The Mandatory Workforce Housing Program was sponsored by Commissioner Barbara Jordan. It would address the shortage of affordable housing…
Adam Neumann at WeWork’s 175 Varick Street location WeWork plans to cut 7 percent of its staff after placing a pause on hiring. But WeWork claims that the planned cuts are part of a realignment, and that the hiring stop might be lifted as soon as next week. “WeWork’s growth and expansion continues to accelerate…