Three buildings on Washington Avenue in South Beach were sold to a big New York investor for a combined $29 million. Washington Ave. Associates, an affiliate of Lightstone Group, acquired the properties in three transactions from separate sellers. The buyer, which has over $2 billion in real estate assets, is headed by CEO David Lichtenstein.…
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Fort Lauderdale will consider two large multifamily projects downtown, including an apartment tower on high-end Las Olas Boulevard with frontage on the New River. Both items will go before the city’s Development Review Committee on Tuesday. They highlight the urban development boom in downtown Fort Lauderdale, with many apartment buildings and hotels in the pipeline.…
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SkyRise Miami, which aims to build a 1,000-foot-tall entertainment and observation tower in Miami, signed a partnership with Legends, a sports promotions company owned by the New York Yankees and Dallas Cowboys. The deal could provide a boost to Jeff Berkowitz’s plans for the sleek tower along Biscayne Bay in downtown. He’s been attempting to…
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ODC Construction, one of the largest construction firms in Orlando, has expanded into the South Florida market with an office in Boynton Beach. Founded in 2011, ODC Construction has more than $80 million in revenue and nearly 400 employees. Its new office at 2240 West Woolbright Road has 13 employees in about 1,000 square feet.…
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Five new development plans have been filed in Miami-Dade County as part of the May 2016 comprehensive development master plan (CDMP) amendment cycle, including a proposal to build 1,100 homes on a golf course. The county received seven applications for its bi-annual CDMP amendment cycle. Two of them were the re-filings of development plans for…
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Wynwood Walls (Credit: Phillip Pessar) Mirror, mirror on the wall. Who’s the coolest of them all? Wynwood is the sixth coolest street in the country, according to a new Cushman & Wakefield report. The neighborhood’s industrial history, street art and increasing millennial population contribute to Wynwood’s success, which has been fueled by retail growth, the report…
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A New York investor paid $11.5 million for a site in Miami’s hot Wynwood neighborhood that could be redeveloped. Joseph Ann Batcheller sold the 23,490-square-foot property, with a 5,262-square-foot automotive building at 2916 N. Miami Ave. to a company led by Aron Rosenberg, of New York. The deal was brokered by Marcus & Millichap’s Scott…
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Ascend Properties wants to build townhouses and a specialty grocery on the west side of the Mainstreet at Midtown mixed-use center in Palm Beach Gardens. The city recently received an application by Ascend PGA Midtown LLC, an affiliate of Boca Raton-based Ascend Properties, to build 63 townhouses and a 25,167-square-foot grocery store at 4901 PGA…
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The approval timeline for American Dream Miami – potentially the largest mall in North America – was pushed back at least six months as its developer continues to address traffic issues. Triple Five Group, the owner of the Mall of America in Minnesota, wants to build 6.2 million square feet of retail, restaurants and entertainment…
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