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Project Breaks Ground Near Proposed Train Station In Wynwood

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Chicago real estate development company Fifield Cos. broke ground on a high-end apartment building in Wynwood that will be less than a block away from a proposed train station.

The company announced it started construction on Wynwood Station at 45 N.E. 27th St. on Feb. 8. The eight-story building will consist of 210 market rate apartments ranging between 567 and 1,036 square feet in size and include 11,000 square feet of retail.

Financed by a $66.9 million construction loan, Wynwood Station is being built on a 1.41-acre site that Fifield Cos. acquired for $19.5 million in January 2022.

Designed by Kendall-based MSA Architects, the project is slated to be finished by April 2025.

 

Source:  SFBJ

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Historic Boutique Hotel In Miami Beach Sold, Set To Become Teacher Housing

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A historic boutique hotel in Miami Beach has been sold, and it will likely be converted into residences.

Collinaire Luxury Suites, located at 221 Collins Ave., was sold for $8.9 million on Jan. 16. The sale was handled by Susan Gale of Miami Beach-based Gale Group International, an affiliate of Coconut Grove-based One Sotheby’s International Realty.

The 9,160-square-foot property was on the market for four months before the deal closed.

According to the sale announcement, the seller was Collins 221 LLC and the buyer is 2024 221 COLLINS LLC. A warranty deed filed with Miami-Dade Clerk of the Courts confirms the property’s sale and ownership transfer.

The new owner of the eight-suite hotel, 2024 221 Collins LLC, currently has plans to turn the property into a living space for teachers who’ll work at an upcoming elementary school in South of Fifth called BaseCamp 305, according to the Gale Group and Sotheby’s spokesperson.

Miami-Dade Property Appraiser records show 221 Collins Ave. was built in 1922.

 

Source:  SFBJ

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Calta Completes Allapattah Assemblage Slated For Mixed-Use Project

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Calta Group purchased a 0.3-acre office property in Allapattah that completes an assemblage for Revv at the River District, a planned mixed-use project featuring workforce housing.

The Coral Gables-based developer is in the midst of a $47.2 million buying binge in Allapattah with plans to build four new projects. The firm’s latest acquisition, a $7.2 million purchase of a seven-story building at 1469 Northwest 13th Terrace, will be coupled with another 0.7-acre adjacent site for Calta’s first planned project.

Miami-based Benworth Capital provided Calta with a $9.4 million cross-collateralized loan for the acquisition, records and Vizzda show.

The property’s seller, an entity controlled by Miami-based Alisa Capital managing partner Arturo Siso, paid $5.9 million in 2012.

 

Source:  The Real Deal

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Bills Threatening Miami Beach Buildings Are Back

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Last May, preservationists across Florida breathed a sigh of relief when a bill seeking to gut protections for historic coastal buildings died in the Florida House after passing the Senate. But similar proposals are back for this year’s legislative session in Tallahassee, sending local leaders scrambling once again.

On Monday, the Senate version of the bill passed its first committee hearing — a 6-2 vote of the Community Affairs committee — despite a parade of speakers saying they feared the language would let developers strip away the unique character of tourist destinations like Miami Beach, St. Augustine and Key West. At the legislation’s core is a notion that old buildings near Florida’s coast ought to be demolished if a local building official deems them unsafe or if they don’t meet federal standards that call for flood-resistant materials and elevated structures in vulnerable areas. Preservationists say few historic buildings conform to those rules.

Both the Senate bill and its companion bill in the House would exempt single-family homes, as well as structures that are individually listed in the National Register of Historic Places. In Miami Beach, that includes the Fontainebleau, Cadillac and Ocean Spray hotels. But historic hotels along Collins Avenue in the Mid-Beach and North Beach neighborhoods would not receive similar protections under either proposal. Among them are Art Deco buildings like the Faena, Sherry Frontenac, Casablanca and Carillon.

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The Senate bill sponsor, Bryan Avila, a Republican from west Miami-Dade, acknowledged during Monday’s hearing that the idea is controversial. His proposal would kneecap Miami Beach’s Historic Preservation Board, which is empowered to block demolition of historic buildings and, if a building is knocked down, dictate what can go in its place.

Avila reiterated arguments he made for similar legislation he filed last year. He painted Miami Beach as a community that has gone too far in its historic protections, upsetting what he described as a “very delicate dance” between preserving history and maintaining property rights. About 2,600 buildings in Miami Beach are part of locally designated historic districts.

HOUSE BILL WOULD SOFTEN THE BLOW

Rep. Spencer Roach, R-North Fort Myers, has filed a companion to Avila’s bill in the Florida House with language that would soften the legislation’s impacts. Last year, Roach abandoned a similar bill amid fierce opposition from local governments but vowed to bring it back in 2024. While Avila’s bill would affect buildings within a half-mile of the coast, Roach’s proposal is limited to properties at least partially east of the state’s coastal construction control line, a boundary that hugs the coast and is meant to restrict construction near beaches. Roach’s bill, which has not yet faced a hearing, would also exempt buildings in nationally designated historic districts established before 2000 — meaning the Miami Beach Architectural District, an area that stretches from Ocean Drive at Sixth Street to Collins Avenue at 22nd Street, would be protected.

‘BAD, BUT LESS BAD’

Facing questioning Monday from Sen. Jason Pizzo, D-Hollywood, Avila pledged to revise his bill to make it more like the House version.

“I am committed to going in that direction and working with the House sponsor to adopt that language,” he said. Avila did not respond to an inquiry from the Miami Herald on whether he would adopt the entire House bill or parts of it. The House bill is “bad, but less bad than [the Senate] one,” said Daniel Ciraldo, executive director of the Miami Design Preservation League, which advocates for historic preservation in Miami Beach. “They’re trying to undo decades of good urban planning and community consensus building,” Ciraldo said. “We’re basically trying to explain why Miami Beach should still exist.”

Miami Beach City Commissioner Alex Fernandez said at Monday’s hearing that the city has worked cooperatively with owners of historic buildings to revitalize Art Deco gems, pointing to a $500 million renovation of The Raleigh and an $85 million makeover for The Shelborne.

The proposed legislation, Fernandez said, would only encourage owners to let their properties fall into disarray in order to incur unsafe structure violations and make it easier to knock buildings down. In Key West, Mayor Teri Johnston said she hopes the city will ultimately be removed from the legislation. Last year, language added to Avila’s proposal exempted “areas of critical state concern,” which includes Key West and much of the Florida Keys.

‘WHAT HAPPENED TO PROPERTY RIGHTS?’

Lawmakers supporting the bills say property owners should have more freedom to develop than Miami Beach and other cities with strict historic protections allow.

“What happened to property rights?” Sen. Dennis Baxley, R-Lady Lake, said at Monday’s hearing. “Everybody else has a claim to somebody’s property but the person that owns it, apparently. I don’t share that viewpoint.”

The bills’ backers also say the changes are crucial to ensuring building safety and resiliency against flooding near Florida’s coast. Last year, Avila argued it was necessary to replace older buildings with new structures that meet FEMA rules for flood- and storm-surge resistance to obtain insurance under the National Flood Insurance Program.

Opponents say they’re skeptical and that they believe powerful — and secretive — interests may be behind the effort. Last year, a group called A Resilient Future Florida hired a lobbying firm to push for the bills, according to public records. One of the firm’s lobbyists, Gov. Ron DeSantis’ former chief of staff Adrian Lukis, sent a draft of the legislation to staffers for Avila and Roach, according to records obtained by reporter Jason Garcia.

But it’s unclear who is funding the group, which donated $40,000 late last year to several political committees supporting Republican lawmakers. It was incorporated last March by Tallahassee elections attorney Natalie Kato and lists two Jacksonville residents, Joey McKinnon and Casey Hendershot, as its officers. Reached by phone, McKinnon and Hendershot declined to talk about their roles in the group or what it does, referring questions to Kato. Kato did not respond to a request for comment. This year, records show the group has again retained Lukis to lobby on the legislation. Lukis did not respond to a request for comment.

 

Source:  Miami Herald

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Developer Proposes 120K SF Office With Studio Apartments In Aventura

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Privé Group is planning to build 120K SF of office space in the Ojus neighborhood near the Aventura Mall.

The Aventura-based investment and development firm filed a pre-application on Wednesday seeking approval from the county to build an 11-story office building and a small residential building connected by a seven-story parking garage at 18802 and 18820 W. Dixie Highway.

The Arquitectonica-designed development is called Aventura Office Center in a site plan for the three structures submitted with the application. The office building includes 4,400 SF of ground-floor commercial space and a rooftop terrace with landscape architecture from the Miami office of Enea, which is headquartered in Switzerland.

The office would front Dixie Highway with a two-story residential building set in the rear of the 1.32-acre site behind the parking garage. Privé is planning 12 studio units at the building sized at around 380 SF each.

Floor plates at the office building would span around 14K SF, with elevators, staircases and bathrooms in the core of the building.

The proposal is an update to plans submitted more than six years ago called Aventura Square. A local community council approved plans in June 2017 for Privé to build 94K SF of office condos, 5,700 SF of retail and 340 parking spaces on the site, the South Florida Business Journal reported. The council also approved up to 12 apartments at the property.

The original plans called for an eight-story building, but zoning rules have since been modified to allow buildings up to 12 and 15 stories in the Ojus District, allowing Privé to submit its 11-story plan, according to the letter of intent submitted by Vazquez with the application.

Source:  Bisnow

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Construction Permits Filed For 186-Unit Wynwood Residential Development

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Another residential development has entered the construction permitting process in Wynwood.

The construction permit application is for a 12-story mixed-use building replacing a parking lot formerly owned by the Salvation Army.

The permit filing was first created in late November, with the full plans filed in late December. Review is currently underway by Miami’s Building Department.

Beauchamp Construction is listed as the contractor on the permit.

Miami’s Urban Development Review Board voted unanimously in October to approve the development without requiring any modifications.

The mixed-use development is planned to rise 12 stories and include:

  • 186 residential units
  • 9,444 square feet enclosed amenity space, plus outdoor amenity space
  • 14,618 square feet of ground floor retail space
  • 167 parking spaces on three levels

Breakers Capital and Alchemy-ABR Investment Partners of New York are the developers.

Arquitectonica is the architect.

 

Source:  The Next Miami

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‘The Julia Residences’ Open For Pre-Leasing In Miami’s Newest Art District

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Neology Development, led by Lissette Calderon, has begun pre-leasing for its residential mixed-use apartment complex, “The Julia Residences.”

The stunning $100 million, new 14-story residential tower, characterized by artistic design, is set to grace Miami’s Allapattah neighborhood, with completion expected in the 1st quarter of 2024.

The Julia offers a unique opportunity for individuals looking to live, work, and play in Miami, with a unique market value proposition. One-bedrooms rent as low as $1,765, and two-bedrooms start at $2,411 per month.  Residents who apply now can take advantage of promotional pricing that offers two months free. With the exclusive pre-leasing offerings, prospective tenants can secure a new apartment in Miami’s trendiest community at an excellent price point.

“We are thrilled to announce that we are now pre-leasing for The Julia, inviting art enthusiasts and professionals alike to embrace unique living experiences, modern amenities, and breathtaking views of Miami’s city skyline,” said Lissette Calderon, President and CEO of Neology. “With the soaring demand for high-quality housing in the area, we are eager to introduce this exceptional community priced within reach to renters seeking proximity to work, renowned art galleries, and the cultural heartbeat of Miami. The value proposition we’re offering for living in Miami is unmatched, and that truly sets The Julia apart from any other option available.”

Comprising 323 carefully curated one- and two-bedroom apartments, The Julia is located at 1625 NW 20th Street, in the heart of Allapattah —a historic neighborhood bordering Wynwood and Miami’s Health District. Recognized nationally for its museums, galleries (including the Rubell Museum and Superblue), cultural institutions, new businesses, and vibrant nightlife, Allapattah has emerged as one of Miami’s most desired areas.

Inspired by the visionary Julia Tuttle, The Julia embraces a “tropics-meets-metropolis” aesthetic, blending Art Deco with 1950s-style glam. Offering one-of-a-kind living experiences at an attainable price point, the pet-friendly property features a mix of one- and two-bedroom apartments ranging from 600 to 1,000 square feet.

 

Source:

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Developers Obtain $64 Million Construction Loan For Aventura Multifamily Project

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Belmont Village and Turnberry Associates obtained a $64.21 million construction loan to build a senior living facility in Aventura.

Parcel U / SR-1 Trust LLC, an affiliate of Aventura-based Turnberry Associates and the Soffer family, sold the 1.4-acre site at the southeast corner of East Country Club Drive and Yacht Club Way for $8 million to Belmont Village Aventura Property Owner, a joint venture between Houston-based Belmont Village and Turnberry.

Synovus Bank provided the construction loan.

The developers filed plans for Belmont Village Senior Living Aventura in early 2022. It was ultimately approved for 184 senior living beds. Amenities would include a dining room, a sports lounge, a wellness room, a library, an arts and crafts room, and a salon.

 

Source:  SFBJ

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Calta Plans $47M In Allapattah Dev Site Purchases For Workforce Housing

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The Calta Group is targeting workforce-priced housing in Miami’s Allapattah neighborhood.

The Coral Gables-based firm plans roughly $47.2 million in purchases for development sites in Allapattah, where it wants to build multifamily projects with workforce units in two parts of the neighborhood, company co-founder Gaetano Caltagirone told The Real Deal.

For the first two phases, Calta is homing in on an Allapattah area that’s north of the completed River Landing Shops & Residences mixed-use complex.

Last week, Calta advanced its plan, paying $10 million for the first chunk of its phase one assemblage. The firm bought five adjacent lots at 1415, 1433, 1435 and 1453 Northwest 13th Terrace, as well as at 1410 Northwest 14th Street. Calta will complete this assemblage with a $7.2 million purchase of the adjacent lot at 1469 Northwest 13th Terrace, according to Caltagirone. That deal, expected to close in late January, would give Calta an acre of developable land for phase one of the project on the southwest corner of Northwest 14th Street and Northwest 13th Terrace.

Records show an entity led by a trust tied to members of the Enis family sold the five lots, which consist of two vacant sites, a one-story office building and a pair of low-rise apartment buildings with eight units combined.

The lot at 1469 Northwest 13th Terrace is owned by an entity led by Arturo Siso, managing partner at Miami-based real estate private equity firm Ailsa Capital, according to records. The site now has a seven-story office building.

For phase two, Calta plans to pay another $10 million for a pair of lots that are near the phase one assemblage. The deal is expected to close in March.

Phases one and two would consist of a pair of mid-rise buildings with mixed-income apartments, including workforce-priced units, as well as offices and retail, Caltagirone said. He declined to provide specifics on the unit count, building heights and amount of commercial space.

Farther north in Allapattah, Calta is planning phases three and four of its project near Juan Pablo Duarte Park. The firm expects to close on $20 million in development site purchases near Northwest 28th Street in January. Caltagirone also declined to identify the specific parcels and project details, though he allowed that this project would be a mid-rise multifamily development.

South Florida’s multifamily market has left many longtime locals priced out, after an influx of out-of-state residents pushed up rents to unprecedented levels.

Calta’s project would address the need for more below-market apartments, especially for students and employees at the Civic Center and Health District areas that are near Allapattah, said Caltagirone, who leads the firm with his brother, Ignazio Caltagirone.

 

Source:  The Real Deal

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ABH Developer Group Goes Vertical On Miami’s Wynwood Norte District Project

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ABH Developer Group, a rapidly growing, fully integrated real estate firm, has begun vertical construction on Wyn 05, a boutique four-story mixed-use development featuring 25 modern apartments and approximately 1,000 square feet of retail space at 3422 NW 5th Ave. in the burgeoning Wynwood Norte district. Completion is estimated for Q2 2024.

“We are thrilled to introduce Wyn 05 to this emerging neighborhood and contribute to the Wynwood Norte’s growth and vibrancy. Wyn 05 will offer tenants exquisite living spaces in an ideal urban environment that truly embodies the spirit of Miami,” stated Alexis Bogolmoni, CEO of ABH Developer Group.

Wyn 05 offers a range of studios and one-bedroom apartments with an average unit size of 525 square feet and a rooftop terrace offering stunning views of the city skyline. Wyn 05 will present a coveted opportunity for renters seeking affordable and flexible living options in a prime location.

Apartments feature modern Italian design. Guests will indulge in a fully equipped kitchen adorned with appliances from renowned brands and unwind in a den accentuated with elegant fixtures, complemented by spacious walk-in closets and an outdoor terrace, perfect for relaxation and entertainment.

Guests will enjoy Wyn 05’s convenient location surrounded by the city’s most desirable attractions. The project is situated between NW 34th Street and NW 35 Street along NW 5th Avenue, and adjacent to a plethora of art, cultural and entertainment and dining destinations including Wynwood Arts District, Miami Design District and Midtown Miami.

ABH Developer Group is the largest property owner in the Wynwood Norte District, having assembled a total of 180,000 square feet since 2021. The firm has 13 projects ranging from 24 to 150 units in various stages of development within the Wynwood Norte boundaries.

 

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