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Upscale $400M Marina Palms Condo Project Opens Extravagant Sales Center

Upscale $400M Marina Palms Condo Project Opens Extravagant Sales Center

By Georgiana Mihaila, Associate Editor Developers Plaza Group and DevStar Group recently opened a state-of-the-art sales center for their $400 million Marina Palms Yacht Club & Residences project—the first upscale condominium and marina destination to open in Miami-Dade County in 20 years. The 10,000-square-foot sales center was specially designed to…

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IKEA Sets Summer 2014 Opening Date for Miami-Dade Store

IKEA Sets Summer 2014 Opening Date for Miami-Dade Store

With a building permit pending for its future Miami-Dade store in Sweetwater, IKEA has already hired Balfour Beatty Construction to oversee the 417,000 square-foot project. With groundbreaking set for some time within the next couple of months, the Swedish retailer plans to open the store in summer 2014.…

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Foram Group’s 600 Brickell Tower Goes Platinum

Foram Group’s 600 Brickell Tower Goes Platinum

By Georgiana Mihaila, Associate Editor The 40-story 600 Brickell building can now pride itself with a rare designation that makes it unique in the Florida market—placing it among only a handful of its class and size in the world—after being certified LEED Platinum by the U.S. Green Building Council. The…

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Developers Ross and Perez Show Interest in Stalled Island Gardens Project

Developers Ross and Perez Show Interest in Stalled Island Gardens Project

According to the South Florida Business Journal, the company headed by Dolphins owner Stephen Ross—Related Cos.—as well as fellow developer Jorge Perez’s The Related Group will assist Flagstone Properties in developing the long-stalled Watson Island project.…

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Starwood to Bring New Eco-Conscious Brand to Miami Beach

Starwood to Bring New Eco-Conscious Brand to Miami Beach

As the result of a combined effort between Starwood Capital Group, Invesco and the LeFrak Organization, South Beach will soon experience a new concept in beachfront luxury hotel living. The developers have unveiled plans for The 1 Hotel & Residences South Beach, a bold project that will combine a residential…

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High-end Bal Harbour Shops to Co-Develop Retail Component of 2.9MSF Brickell CityCentre

High-end Bal Harbour Shops to Co-Develop Retail Component of 2.9MSF Brickell CityCentre

The 2.9 million-square-foot Brickell CityCentre has added a valuable name to its development team; Bal Harbour Shops has joined Hong Kong-based Swire Properties in co-developing the retail part of the project currently under construction in downtown Miami.…

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New $265M Frost Museum of Science Takes Shape in Downtown Miami

New $265M Frost Museum of Science Takes Shape in Downtown Miami

With the building’s structural foundation now complete, vertical construction on the Patricia and Phillip Frost Museum of Science will now be underway. The 250,000 square-foot complex is a world-class, state-of-the-art facility designed by Grimshaw Architects that will take shape in the heart of downtown Miami.…

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Sentai Penthouse $27M Sale Sets New Record for South Florida

Sentai Penthouse $27M Sale Sets New Record for South Florida

One of the coveted penthouse residences atop Miami Beach’s famed Setai Resort has just set a new record for the most expensive condominium ever sold in South Florida. An anonymous buyer paid $27 million for the 7,100-square-foot residence. Jeff Miller of Zilbert International Realty was the broker involved in the…

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Blanca Commercial Tapped to Lease Courthouse Tower, 8200 Doral

Blanca Commercial Tapped to Lease Courthouse Tower, 8200 Doral

Miami-based brokerage and advisory firm Blanca Commercial Real Estate has recently expanded its leasing portfolio to 2.5 million square feet by adding Miami’s Courthouse Tower and 8200 Doral. “We are delighted to expand our agency leasing portfolio with the addition of Courthouse Tower and 8200 Doral,” said Tere Blanca, President…

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Walmart Gets Final Approval for NW Miami-Dade Supercenter

Walmart Gets Final Approval for NW Miami-Dade Supercenter

Adding to the list of nearly 20 new or expanded stores planned in the next couple of years across South Florida, the Miami-Dade County Community Zoning Appeals Board green-lighted Walmart’s plans of building a Supercenter in Northwest Miami-Dade. Set at NW 32 Ave and 79 Street, the new retail center…

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Terranova/Acadia Pay Record $139M for Lincoln Road Retail Portfolio

Terranova/Acadia Pay Record $139M for Lincoln Road Retail Portfolio

In what seems to be Florida’s largest retail acquisition of 2012, Terranova Corporation and Acadia Realty Trust paid $139 million for a three-building portfolio on Lincoln Road in Miami Beach. This addition of 801, 826, and 719 Lincoln Road to the Terranova/Acadia portfolio makes them the largest pure retail owner…

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South Florida Hospitality Sector in Spotlight as Two Luxury Hotels Trade

South Florida Hospitality Sector in Spotlight as Two Luxury Hotels Trade

As a diverse mix of leisure and business travel demand generators is driving strong hotel performance in the Southeast, investors seem to be more and more eager to enter the South Florida hospitality market.…

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