Publix Super Markets Inc. has opened a new store in North Carolina that’s a much of a foodie experience as it is a grocery store. The store in Winston-Salem opened May 11. It is a hybrid store, blending the grocer’s GreenWise concept with a traditional grocery store. North Carolina is a major focus for the…
The Miramar City Commission will consider two major development projects at its June 1 meeting: an office building for an insurance company and an apartment complex. Progressive Insurance wants to build a 39,540-square-foot South Florida regional claims facility on the east side of Southwest 145th Avenue, in front of a government office building at 2650…
SH Communities’ 257-acre tract in Melbourne (Source: Florida Today) Miami-based SH Communities is revising a master plan to develop 257 acres of wooded land in Melbourne. An affiliate of SH bought the land for $13 million in 2005, and in 2006, the City of Melbourne approved the company’s proposal to develop 1,381 single-family homes, villas…
2400 Biscayne Boulevard A retail building on Biscayne Boulevard in Miami’s Edgewater neighborhood has hit the market for $6.75 million, as the area surges with new construction. Marcus & Millichap is listing the two-story property at 2400 Biscayne Boulevard. The 11,516-foot building at the corner of Biscayne Boulevard and 24th Street sits on a 12,650-square-foot…
Airbnb founders Joe Gebbia, Nathan Blecharczyk and Brian Chesky Airbnb has responded to a report released by the American Hotel & Lodging Association on Wednesday, calling the study “factually inaccurate” and “paid for by the hotel industry.” The report said that more than three quarters of Airbnb revenue in Miami came from operators who listed…
The Hialeah City Commission approved two multifamily development zoning applications on May 24. In the larger project, the 10.1-acre site at 3500 W. 9th Ave. was rezoned from low-density residential to medium-density residential to allow for 226 apartments. The property is owned by Villas de Las Palmas, managed by veteran apartment developers Tomas Cabrerizo and…
The 360-unit Arbor Oaks apartment complex in West Boca sold for $77 million to a California-based company. Arbor Oaks Apartments, an affiliate of Houston-based LSR Communities, sold the garden-style apartment complex at 9703 Arbor Oaks Court – just off U.S. 441 – to Arbor Oaks Apartments Property Owner, an affiliate of Los Angeles-based JRK Property…
A 6.9-acre trailer park in Miami could be seized in foreclosure. Branch Banking & Trust Co. (NYSE: BBT) filed a foreclosure lawsuit on May 24 against Trailer Park Acquisition. It concerns a mortgage last modified at $3.05 million in 2013, shortly after the borrower exited Chapter 11 reorganization. Trailer Park Acquisition is managed by Stuart…
Property Markets Group secured an $80 million construction loan from Centennial Bank to begin work on a 464-unit apartment tower in downtown Miami. The New York-based developer previously called the project at 243 N.E. 3rd Street Vice, but it might change the name. It’s being marketed as a micro-unit project with smaller apartments and amenities…