Global developer Hines announced plans to build a 600,000-square-foot office tower at Miami Worldcenter, the 27-acre mixed-use project under development on the north side of downtown. The 45-story tower would be the largest office tower completed in Miami’s Central Business District since 2010. It would be called 110 10th, after its location at 110 N.E….
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Strong fundamentals drove an eighth consecutive year of multifamily expansion in South Florida. That’s the big takeaway from Cushman & Wakefield’s 1Q South Florida Multifamily Market Update. “2016 was a funny year in the South Florida multifamily market,” CushWake’s South Florida Institutional Multifamily Team executive vice president Calum Weaver tells GlobeSt.com, noting that the transaction…
The W Fort Lauderdale is adding a new ballroom and an oceanfront restaurant from celebrity chef Stephen Starr as part of its $55 million revamp. The latest upgrades are expected to be completed by fall 2017. “The newly reimagined W Fort Lauderdale is the latest example of how we are reinvigorating our North American portfolio along…
When Terremark Worldwide Inc., founded by Miami tech pioneer Manny Medina, was sold to Verizon in 2011 for $1.4 billion, the move was part of a vertical integration trend among telecommunications companies acquiring data centers. Now the trend has reversed, and Medina Capital, a Miami-based private equity firm led by Medina, has seized on a different group…
Progress is mounting in Miami’s Paraiso District, with Paraiso Bayviews recently topping off at 43 stories in the booming Edgewater neighborhood. It’s the second of Paraiso’s four towers to complete vertical construction after Paraiso Bay topped off last summer, with the latter expected to be completed in the coming months. The 54-story Gran Paraiso was…
Stiles Corp. wants to build a 418,955-square-foot retail center with national tenants just west of the Dolphin Mall in Miami-Dade County. The site plan for the Shops at Beacon Lakes was submitted to county officials as a pre-application on April 25. That allows the developer to discuss the project with county staff in preparation to…
East End Capital said it sold a 50 percent interest in its Wynwood 25 mixed-use development project in Miami to the Related Group, South Florida’s largest condo developer. Financial terms of the deal were not immediately disclosed. Wynwood 25 was approved for 289 apartments, 31,000 square feet of ground-floor retail and 340 parking spaces. The 2.41-acre…
Last time we checked up on Palm Beach’s 3550 South Ocean, a batch of sexy renderings were unveiled of the first new oceanfront residential development in Palm Beach in over a decade. Today, we’ll take in the new sales gallery, highlighting the high-end interiors designed by Champalimaud and DDG. Among the notable features are a beautiful…
m2e client, Lennar targets Miami-Dade agricultural site for development A tree farm near Homestead could be developed as the second phase of Lennar Corp.’s Artesa community plus a commercial component. SFI Palm Tree Farms LLC, an affiliate of iStar Financial, wants to rezone the 31.3-acre site at 11406 S.W. 248th St. The plan would allow…