No Comments

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

Wyn 05 Rendering 1_Photo Courtesy of ABH Developer Group 1170x435

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.

 

No Comments

Developer Plans Nearly 900-Unit Workforce Housing Project Near Allapattah

construction_canstockphoto5885163-2-1170x435

Developer and investor Vivian Dimond took over a land lease near Allapattah where she plans a nearly 900-unit workforce housing project.

Dimond, a principal at the Coconut Grove-based private equity firm Bayshore Grove Capital, said the project will cost an estimated $175 million to develop. It’s expected to include two 15-story buildings constructed next to the Earlington Metrorail Station at 2100 Northwest 41st Street in Miami’s Model City, on the northern border of Allapattah.

Dimond’s Earlington Metro LLC paid $9 million to acquire the 99-year land lease from EH Development, led by Alain Lantigua, in August, records show. EH Development signed the lease with Saint James Community Development Corp. in 2020. Miami-Dade County owns the 7-acre property.

Arquitectonica is designing the project, which will include 856 apartments ranging from studios to three-bedroom units, as well as about 35,000 square feet of retail space, according to a press release.

 

Source:  The Real Deal

No Comments

Shelborne South Beach To Undergo Major Renovation

the shelborne south beach 1170x435

A joint venture between Westdale Properties (“Westdale”), King Street Capital Management (“King Street”), and Cedar Capital Partners (“Cedar Capital”), (together the “Development Team”), announced plans for the new “Shelborne South Beach by Proper” (the “Hotel”), located at Collins Avenue and 18th Street in South Beach.

Major renovation and a redesign of the Hotel’s guestrooms, food and beverage venues, pool deck, cabanas and meeting and event spaces have begun. Following completion of the renovation, the Hotel will be managed by Proper Hospitality and will be the company’s first hotel in Florida.

Drawing from the rich history and heritage of the Shelborne South Beach, the Development Team is committed to preserving the Hotel’s 1940 Art Deco distinction and authentic charm, while modernizing the Hotel through a comprehensive $85 million renovation. Capturing the essence of Miami’s Art Deco and MiMo architectural history, the design will fully embrace the rich legacy originally crafted by Igor Polevitzky and later improved upon by Morris Lapidus —two of the most celebrated Art Deco architects of the mid-20th century.

“With our partners and Proper Hospitality, our role is to serve as custodians of the past while preserving the rich heritage of this iconic hotel,” said Mitchell Cohen, Chief Operating Officer of Westdale Properties. “Our intention is to retain, and, in fact, restore, all of the original heritage elements and imbedded history in order to make the new Shelborne South Beach by Proper capable of ushering in, and once again elevating, the famous Miami Beach Art Deco destination. It is a perfect fit for us as Proper Hospitality shares our objective of ensuring the heritage of the Shelborne South Beach continues and will be protected and enjoyed by future generations.”

All the heritage elements in the Hotel will be saved and restored for enjoyment by all.

“After decades of being hidden, the magnificent two-story windows along 18th Street will once again be brought back to life, flooding the new lobby with natural light, the way it was originally designed to be,” added Cohen.

Westdale has a substantial real estate portfolio in Canada and the US (including extensive properties in Florida) and investments in local Miami hospitality businesses (e.g., restaurants such as Swan and Komodo). Westdale is also developing Frank Gehry’s first residential towers in Canada, and his tallest in the world: Forma Toronto.

The Development Team worked extensively with the City of Miami Beach and local preservation agencies to ensure the restoration would both honor and care for the architectural legacy and history of the Hotel.

“We are thrilled to see the historic Shelborne South Beach begin its renovation and rehabilitation project. We are thankful to the owners for their investment to preserve the iconic hotel designed by Igor Polevitsky, with a later addition by Morris Lapidus. It is truly one of the great Art Deco district landmarks” stated Daniel Ciraldo, Executive Director of the Miami Design Preservation League.

 

“We are pleased to partner with the Development Team and the City of Miami Beach on this next chapter for the Shelborne South Beach,” added Mark Van Zandt, Managing Director and Co-Head of Real Estate at King Street. “As the South Beach district continues to transform, we believe the Hotel will further cement the area’s reputation as a premier global destination, aligning with our mission of adding value to neighborhoods through thoughtful design and execution.”

 

“Building on Proper Hospitality’s success in locations such as Santa Monica, Los Angeles, Austin, Palm Springs and Maui, Proper’s design aesthetic and redefined take on luxury will breathe new life into the Shelborne South Beach, restoring it to its grandeur of a half century ago,” said Ben Leahy, Partner of Cedar Capital.

Shelborne South Beach by Proper will feature 251 guest rooms and suites and will reopen in early 2025. In the coming months, Proper Hospitality will announce details surrounding the design, programming food and beverage concepts, and spaces that ensure the hotel will be an exciting new destination for locals, groups, and global leisure visitors alike.

“Proper’s seasoned leadership team has a long history operating high-end experiential design hotels in Miami and we are excited to return, introducing Proper’s take on redefined luxury to the South Beach market. Miami is a coveted destination among our guests and Shelborne South Beach by Proper will showcase how we are able to create a feeling of belonging and connection for our clientele through our one-of-a-kind design, a signature style of service, vibrant food and beverage outlets, and dynamic guest experiences,” said Brian De Lowe, Co-Founder and President of Proper Hotels.

Shelborne South Beach by Proper will usher in a new level of hospitality, bringing together immersive design, thoughtfully designed experiences, and programming to become a defining centerpiece of Miami’s vibrant South Beach.

 

No Comments

Shvo Secures Approval For The Alton In Miami Beach

the alton miami beach_photo credit sfbj 1170x435

Final approval was obtained by Michael Shvo for his mixed-use project in Miami Beach, which was created by the renowned architect Norman Foster.

The Alton, a six-story building, will have five luxury apartments, 17,000 square feet of ground-floor retail space, and 170,000 square feet of rentable office space. It’s unknown if the residential buildings will be rentals or condominiums.

This Monday, the Miami Beach Design Review Board unanimously approved the construction, after the city’s Planning Board’s approval three months earlier. Foster + Partners, the company that Foster started in 1967, is designing the complex, and Kobi Karp will be the local architect for it.

Construction is expected to begin next year.

 

Source:  Commercial Observer

No Comments

Real Estate Mogul Robert Finvarb Cos. Plans Hotel In Wynwood

Robert Finvarb's Proposed Wynwood Hotel_Rendering Credit MKDA 1170x435

On December 5, the Wynwood Design Review Committee will review designs for an 11,250-square-foot site located at 160 N.W. 28th St.

The parking lot was purchased in March for $6.7 million by Robert Finvarb‘s Miami-based company, 160 NW 28 St Associates LLC.

The hotel would have eight stories and total 45,770 square feet. It would have 116 rooms, a restaurant with 205 seats in 3,698 square feet on the mezzanine level, and a restaurant with 156 seats on the roof. Additionally, there would be 24 parking spots on the basement level, a gym on the second story, and a rooftop pool.

The sizes of the rooms would be 298 to 624 square feet.

Finvarb stated that the hotel will feature rooms that were full-sized, in contrast to the current Wynwood hotels that offer smaller rooms. For this project, he anticipates inking a branding agreement with a large hotel chain.

He hopes to break ground in Wynwood in the third or fourth quarter of 2024.

 

Source:  SFBJ

 

No Comments

Investor Plans To Renovate Miami Beach Hotels

miami beach_south beach_shutterstock_109905860 1170x435

The historic Bellamar and Viking Hotel in Miami Beach could get a makeover.

Private investor Richard D Cohen Lancry filed a plan to renovate the three-building complex that includes both hotels and a utility building situated between them. The low-rise property, completed in the late 1930s and designed by Roy France and GL McCann, spans 11,790 square feet at 220 and 230 31st Street, west of the oceanfront Palms Hotel & Spa.

Lancry, who’s based in Sunny Isles Beach, wants to tear down the one-story utility structure in the middle of the 12,000-square-foot site and replace it with a courtyard that will include a pool deck and dining area. Plans also call for the two hotels to have 46 rooms — six fewer than the current number — as well as a front lobby and a “modest” restaurant and bar.

The investor acquired the property for $8.4 million last year, according to property records.

The Miami Beach Historic Preservation Board is scheduled to hear the proposal Dec. 12.

 

Source:  Commercial Observer

 

No Comments

PMG, Greybrook Begin Preleasing Society Wynwood Mixed-Use Project

Society Wynwood_Image Courtesy of Boardroom PR 1170x435

PMG and Greybrook have begun preleasing at Society Wynwood, a mixed-use development underway at 2431 N.W. 2nd Ave. in Miami’s Wynwood district.

The property will include 318 residential units and 50,210 square feet of commercial space that will include announced tenants Bodega Taqueria, Dave’s Hot Chicken, Starbucks, Chama De Fogo and Nacho Daddy.

Amenities at Society Wynwood will include a rooftop pool deck featuring a gym, full-service restaurant and hot tub. Other amenities, which will total 82,000 square feet, include multiple art installations, a coworking lab with private conference rooms, modern gym and fitness studio, a picnic courtyard, social lounges, yoga lawn, smart package lockers and app-based keys.

Society Wynwood will be Miami-based PMG’s first Miami project delivered to residents under the Society Living brand portfolio. First move-ins are slated to begin in February 2024. Rental rates will range from $ 1,830 to $5,525 per month, according to Apartments.com.

 

Source:  RE Business

No Comments

New York’s Rosemary’s To Open In Wynwood Industrial Building

casa nela rendering 1170x435

Another New York restaurant is coming to Miami — this time, it’s Rosemary’s, a casual Italian concept from the West Village in New York.

The group behind the restaurant, Casa Nela, filed a proposal to renovate a vacant industrial building in Wynwood, at 310 NW 25th Street, adjacent to SW 3rd Street, to make way for Rosemary’s.

 

Source:  Commercial Observer

No Comments

Wynwood BID Recertified For An Additional 10 Years

Whale & Star Building In Wynwood 1170x435

Property owners in the decade old Wynwood BID recently voted resoundingly to approve its continuation for a second 10 years, through 2033.

The largest one-of-its-kind in Florida, the BID covers a 50-city-block neighborhood that has experienced an exciting transformation, taking it from an abandoned industrial zone to a bustling arts and nightlife destination.

More recently, Wynwood has become a desirable location for new office and residential developments, and now, major new hotels from the world-renowned Arlo brand and the soon-to-be-launched Moxy by Marriott. The approximately 400-plus property owners within the Wynwood BID’s boundaries signed affidavits supporting its renewal, with about 60 percent voting in favor. The final step was when the City of Miami Commission and Mayor Francis Suarez officially voted to approve the continuation of the BID at their Oct. 26 meeting.

“This recertification is a victory for our neighborhood, our residents, our businesses and our visitors,” said Manny Gonzalez, long-time executive director of the Wynwood Business Improvement District. “Our goal is to have another successful decade of embracing change like urban planning and landscape design while also working to maintain Wynwood’s place as an appealing cultural destination and creative center.”

During the past decade, Wynwood has experienced an exponential increase in visitors, with the number rising from 240,000 in 2013 to a staggering 15 million annually in 2023. Today, Wynwood supports 5,000 new jobs and generates more than 20 percent of the City of Miami’s parking transactions.

In partnership with the City of Miami Planning Department and Plusurbia, the Wynwood BID developed Miami’s first Neighborhood Revitalization District (NRD) plan to maintain the neighborhood’s distinctive street art and industrial feel, while encouraging a 24-hour community for live, work and play lifestyles. The BID has accomplished significant successes through its partnership with the City of Miami Police Department, resulting in a 60 percent reduction in crime. Additionally, the BID has made a substantial contribution of $3.5 million towards Wynwood Works, a program aimed at developing 5,000 micro units of affordable housing, and invested $1 million towards office development in the area.

The BID has also created a Clean Team to remove trash and debris daily to maintain a clean and attractive neighborhood. These notable achievements have garnered national recognition for the BID in the past decade, with awards such as being one of the greatest neighborhoods in America and being recognized for its Economic Development Planning by the American Planning Association (APA)

In the arts, Wynwood continues to thrive and be the home of the iconic Wynwood Walls, Museum of Graffiti, Margulies Collection, Mana Wynwood, Gary Nader Art Centre, recently opened Paradox Museum, and many more.

The neighborhood remains a center for over 3,000 units of unique retail, restaurant and nightlife businesses, including Zak the Baker, Oasis Wynwood, 1-800-Lucky, Gramps and UNKNWN. Annual special events such as Miami Art Week, Miami Music Week and Wynwood Pride fill the community with pedestrian traffic and excitement.

 

Source:  Community Newspapers

No Comments

Moon Thai Wants To Build 3-Story Restaurant In Wynwood

Moon Thai's Proposed 3 Story Restaurant In Wynwood_1170x435

 

 

The South Florida-based restaurant company Moon Thai & Japanese is entering the Wynwood development scene.

The firm that created the Asian idea, Moon Thai Group, filed plans to construct a three-story restaurant on a quarter-acre lot at 82 NW 28th Street. The property is across the street from the residential developments Wynwood 29 and Wynwood Green by Related Group and Lennar.

Plans call for 33 tables on the ground floor, 17 tables on the third and fourth floors, and 10 tables on the rooftop of the 350-seat restaurant. What would be kept on the second floor is not specified in the application.

Parking would not be available in the structure because it is not necessary for parcels smaller than 20,000 square feet. Every day of the week, the restaurant would be open till two in the morning.

Property records show that the Coral Gables-based chain paid $6 million in 2021 to purchase the lot. It had submitted a plan for a five-story restaurant back in September.

Twenty-three years ago, Moon Thai’s first branch in Coral Gables was launched by chef and founder Jack Punma, who is originally from Bangkok. With pad thai and tuna sushi rolls priced at $14 each, this informal restaurant has expanded to eight locations in South Florida and one in Charlotte, North Carolina.

The plan will be discussed by the Wynwood Design Review Committee on Tuesday.

 

Source:  Commercial Observer

 

© 2024 FIP Commercial. All rights reserved. | Site Designed by CRE-sources, Inc.