News
More tech firms eye Miami as Covid carries on
South Florida could benefit from the pandemic, as companies look to take advantage of tax benefits, weather and more affordable housing costs As resi brokers in South Florida report an uptick in sales and rentals largely fueled by homeowners fleeing dense markets like...
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Miami Real Estate Remains Strong Despite Millennial Outflow
Over the past three years, Miami has seen more millennials leave the city than move in. Even so, the metro’s housing market seems to be unaffected. According to a SmartAsset study, Miami ranked fifth on the list of cities with the biggest millennial outflows. The...
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Franchisees are back in the real estate game, thanks to the pandemic
While many all-cash investors are waiting to see how the pandemic progresses, opportunities are opening up for commercial buyers who depend on financing. For franchisees whose brands serve middle-class clients, that’s good news. That’s the word from South Florida...
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Amazon, Healthcare Suppliers Race to Lease Smaller Warehouses to Meet Demand During Pandemic
Lease deals for big-box distribution centers involving major traditional retailers tend to generate the most attention, but almost two-thirds of the latest industrial leases involve smaller warehouses used by health and medical companies, light manufacturers and...
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Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end
Developer Edgardo Defortuna could launch sales of an oceanfront project in Sunny Isles Beach by the end of 2020, despite the pandemic. Defortuna, president and CEO of Fortune International Group, is partnering with Château Group on the La Playa de Varadero condo...
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Target store signs for planned Overtown block
Retail giant Target has signed a letter of intent to open a store inside a planned mixed-use retail and residential development in Overtown called Block 55, according to the developer of the expansive project. The developer, in concert with the board of directors of...
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Allapattah midrise plans 47 micro-unit apartments
A developer plans to build a midrise building in Allapattah that will include smaller micro unit apartments. 2323 Pointe Group LLC is asking the City of Miami to approve its plan to construct an 8-story mixed-use residential building at 2323 NW 36th St. The city’s...
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ANOTHER TRANSIT ORIENTED DEVELOPMENT NEAR METRORAIL: SHOMA PROPOSES 391 APARTMENTS AT BIRD ROAD, INCLDUING MICRO-UNITSv
The Metrorail has seen a significant number of new developments either proposed or under construction next to almost every major station, and now another proposal has been submitted. Shoma wants to build a project near the Douglas Road Metrorail station, according to...
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TERRA PARTNERING ON TARGET-ANCHORED BLOCK 55 IN OVERTOWN, GROUNDBREAKING THIS MONTH
Developer Terra is partnering with Michael Swerdlow on the Block 55 project in Overtown that will include a Target. Groundbreaking is soon. The Southeast Overtown/Park West Community Redevelopment Agency is set to vote on modifying the deal with Swerdlow to allow...
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NEUEHOUSE TO OPEN CO-WORKING SPACE NEAR MIDTOWN MIAMI IN PARTNERSHIP WITH CASA TUA
NeueHouse, a co-working operator, has announced that they will open a location near Midtown Miami at the end of 2020. Construction has already been underway on the building for some time. Casa Tua will be culinary partner, offering Italian food and beverage to...
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MELO OPENING SIXTH TOWER IN A&E DISTRICT THIS MAY, ADDING 2,300 APARTMENTS & NEW FOOD PLAZA
Melo Group is getting ready to open a new 36-story apartment tower, Miami Plaza. The developer also announced plans for an indoor/outdoor space called Art Kitchen, with 10 different dining concepts at the base of Art Plaza, including Indian, Peruvian, Mexican,...
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WYNWOOD PROPOSAL FOR 2400 N. MIAMI AVE SUBMITTED WITH 236 RESIDENTIAL UNITS
Another big apartment proposal for Wynwood has been submitted to the city. 2400 N. Miami Avenue is planned to include 236 apartments. The building is being designed with a street art installation that flows vertically through the building, representatives of the...
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