T here’s a slowdown impacting Miami’s once-thriving condo sales market – one insiders say is transforming how condos are built and sold. Craig Studnicky, a principal of residential brokerage ISG World, said that, starting in January, the Miami condo market was so slow it felt eerie. Not only were buyers not signing contracts, but foot…
Broward Center for the Performing Arts’ 25th Anniversary The Broward Center for the Performing Arts celebrated its 25th anniversary on Feb. 27 with a cocktail reception, dinner and performance by Josh Groban, who sang a collection of songs from musical theater. Corporate Partners Business Breakfast More than 100 guests attended the Kravis Center for the…
A conceptual rendering of the MLS Miami stadium David Beckham and his partners just bought the private land required for a Major League Soccer stadium in Miami’s Overtown neighborhood. The announcement marks the first time Beckham has closed on land for a soccer stadium in Miami, following more than two years of failed attempts to find…
Miami Beckham United has acquired two private properties in Miami’s Overtown neighborhood for the development of its privately financed stadium. The sites at 650 N.W. 8th St. total about six acres, but the company must still acquire an adjacent plot, now county-owned, before it can begin developing the stadium. The ownership group headed by soccer…
Renderings of Bentley Bay’s renovated lobbies Miami Beach’s Bentley Bay condominium might look a little fancier in the next two months. The two-tower complex at 520 West Avenue is closing in on its May completion date for $1.5 million worth of renovations, courtesy of a New York design firm. Bentley Bay’s condo association first announced…
Ugo Colombo’s CMC Group released new renderings of Brickell Flatiron, a 549-unit condo tower under construction in the Brickell neighborhood. Colombo broke ground on the 64-story building earlier this month with more than half of its units sold. Brickell Flatiron, at 1001 South Miami Avenue in Miami, is the last to break ground in the…
Two Broward County health care institutions closed a deal Wednesday for two land parcels. The March 23 deed shows that Holy Cross Hospital sold the properties to the Shores Behavioral Hospital for $11 million. The two properties are the North Ridge Medical Center at 5757 Dixie Hwy., and a Holy Cross Hospital parcel at 951…
The building at 1609 Alton Road Sutton Equity, a family-run firm of retail investors based in New York, just paid $8.65 million for a mid-century building on Miami Beach’s Alton Road. In an email to The Real Deal, the firm’s CEO Jesse Sutton confirmed he had purchased the 8,700-square-foot building at 1609 Alton Road. The…
1. Miami has 7th worst traffic in the U.S. [Fox News]
2. All Aboard’s Brightline reaches new construction milestone [Palm Beach Post]
3. Steelers’ Antonio Brown pays $6.6 million for Hollywood home [Sun Sentinel]
4. U.S. new-home sales rose 2% in February [Wall Street Journal]
— Sean Stewart-Muniz
Rendering of 1698 Alton Road project (Credit: The Next Miami) Turnberry Associates and Elion Partners have submitted plans for a new five-story project on Miami Beach’s ever-changing Alton Road. The proposal, first reported by the Next Miami, includes a mixed-use building with 28,142 square feet of ground-floor retail, a parking garage with 204 spaces and…