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Construction Progress At Wynhouse Miami

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Wynhouse Miami now has nearly all its glass installed.

Construction on the 8-story building began last summer. A top off ceremony was held in March.

Wynhouse is planned to include:

  • 308 rental residences
  • approximately 26,000 square feet of ground floor retail
  • nearly 25,000 square feet of indoor and outdoor amenities
  • 107 parking spaces

The development also includes two pedestrian paseos that will encourage residents and the public to engage with the building, community spaces and ground-floor retail.

A $117.5 million loan provided by JP Morgan Chase and affiliates of Canyon Partners is financing construction.

Nichols is the architect, with interior design of residences by ID & Design International and amenities by Rockwell Group. Fisher Brothers is the developer.

Substantial completion is expected in January 2025.

 

Source:  The Next Miami

 

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Related Group Lands $142M To Complete NoMad Condos In Wynwood

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A joint venture led by Related Group secured a $141.5 million construction package for the NoMad Residences development in Miami’s Wynwood neighborhood.

The condo project — a partnership between Sydell Group, parent company of the now-shuttered New York NoMad hotel, and New York-based Tricap — will feature 329 units and about 18,500 square feet of retail space. Construction has been underway since September and is expected to be completed in 2025, with 80 percent of the condos already under contract, according to Related.

 

Source:  Commercial Observer

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River District Condo Near Miami’s Allapattah Nabs $68 Million Loan

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Alta Developer obtained a $68 million construction loan to commence construction on a condo near the Miami River.

Boynton Beach-based Forman Capital provided the mortgage to the Miami-based developer, led by Principal Henry Pino. It covers the River District 14 project on the 1.26-acre site at 1451 N.W. 14th St. It is located within Allapattah, near the new River Landings retail, apartment and office center. Pino calls this section of the area the River District because the Miami River is a block away.

Site work on River District 14 will start in two weeks and it will go vertical in August. The general contractor is Doral-based Jaxi Builders. Pino said it will be completed in the first quarter of 2026. The 16-story project will have 283 units, all of them fully furnished. They will average 725 square feet with a starting price of $475,000. The developer will permit short-term rentals, like roughly half of the new condo developments in Miami.

 

Source:  SFBJ

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Three Wynwood Buildings Assemblage Changes Hands

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Crunch Fitness founder Doug Levine sold a trio of commercial buildings in Miami’s Wynwood for $23.5 million, roughly $6 million below his asking price.

Wynwood 126 acquired the 0.7-acre portfolio that can be redeveloped into a mixed-use project with a hotel or multifamily component.

Levine paid a combined $5.9 million for the assemblage between 2013 and 2014, records show. The three buildings at 2320-2328 North Miami Avenue and 36-38 Northwest 24th Street were completed in 1928 and 1950.

 

Source:  The Real Deal

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One Of Wynwood’s Biggest Apartment Buildings Now Open

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Get ready for hundreds more residents in Wynwood.

AMLI Wynwood, a property with 316 luxury apartments, is now open, according to the AMLI Residential blog.

Units are available now, the property website shows.

A cross-block pedestrian passage is also now open, the blog post said.

The project also includes 388 parking spaces, and is among the largest to break ground in Wynwood.

 

Source:  The Next Miami

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Neology Development’s ‘The Julia’ Residences In Allapattah Receives TCO

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The Julia Residences, a $100 million, 14-story residential tower developed by Neology Life Development Group, announced the receipt of a Temporary Certificate of Occupancy (TCO) for its 323 upscale one- and two-bedroom apartments in Miami’s Allapattah neighborhood.

Residents of The Julia will enjoy an array of amenities, including its signature ninth-floor “Sunset Sky Lounge” with a resort-style pool deck, shaded gardens, cabanas, an indoor/outdoor club lounge, a wellness center, and a starlight dining terrace. The property also features private co-working areas, a dog spa, a children’s play area, high-speed fiber optics, and 13,000 square feet of street-level retail space.

“We are excited to announce The Julia Residences has received TCO,” said Lissette Calderon, Founder and CEO of Neology Life Development Group. “This milestone marks the culmination of years of hard work and dedication to creating a distinctive living experience that embodies the spirit and energy of Miami and it’s founder Julia Tuttle. The Julia Residences is a tribute to the significant role women have played in shaping Miami.”

Despite its scale and complexity, The Julia Residences was completed expeditiously, showcasing Neology’s commitment to delivering high-quality developments efficiently. This achievement underscores the company’s dedication to providing attainable luxury living while meeting Miami’s evolving housing needs within a dynamic urban landscape.

“We are very excited to be leading the residential transformation of Allapattah – helping meet the demand for housing while being able to deliver quality and access to professionals that want to live, work, and play within close proximity to the health district, downtown Miami and so many great Miami venues,” added Calderon. “Our three developments in the heart of Allapattah perfectly embody this vision.”

Located at 1625 NW 20th Street, just blocks west of the main entrance to Jackson Memorial Hospital and the new Transplant Institute, The Julia is positioned in the heart of Allapattah, a historic neighborhood bordering Wynwood and home to elite cultural institutions such as the Rubell Museum and Superblue. Allapattah has rapidly emerged as one of Miami’s most coveted neighborhoods, with a burgeoning scene of new businesses, restaurants, and entertainment venues.

Inspired by Miami’s original real estate visionary, American businesswoman Julia Tuttle, The Julia embraces a “tropics-meets-metropolis” aesthetic, combining elements of Art Deco with 1950s-style glam.  The pet-friendly property features floor-to-ceiling windows, 9-12 foot ceilings, walk-in closets, and balconies in every unit. Each apartment is equipped with energy-efficient stainless-steel appliances, quartz countertops, European-inspired kitchen cabinetry, and in-unit washer and dryers.

As with Neology’s prior buildings, the general contractor for The Julia is JAXI Builders, Inc.; the architect is Behar Font Architects; interior design is by designBAR; and Witkin Hultz Design is the landscape architect.

The Julia’s central location offers convenient walking access to, the Civic Center Metrorail Station, the University of Miami Health System, Jackson Memorial Hospital, and Miami-Dade College Medical Center.  It is also a short distance from Brickell and Downtown, home to major employers, dining, shopping, and popular attractions such as Marlins Park, Kesaya Center, and the Adrienne Arsht Center for the Performing Arts.

Neology also anticipates achieving TCO for Fourteen Allapattah Residences, its third apartment community in the district, by Q3 of 2024. Neology’s current ownership portfolio consists of 1,000+ apartments recently built or under construction in Miami’s urban core, with another 1,600 apartment units in the permitting or predevelopment phase and a pipeline of 2,000 additional units in South Florida and beyond.

 

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Fisher Brothers Tops Off Wynwood Mixed-Use Development

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Fisher Brothers recently topped off Wynhouse Miami, a mixed-use multifamily development in Miami’s Wynwood neighborhood. Delivery is set for the first quarter of 2025.  

The eight-story midrise at 2200 NW First Ave. will bring 308 rental units to market. Apartments will range from 474 to 1,405 square feet and feature a mix of studio, one- and two-bedroom floorplans, as well as penthouses. 

Community amenities will include 26,000 square feet of ground floor retail and paseo space and almost 25,000 square feet of indoor and outdoor amenities, including a lobby lounge, second-floor lawn area, fitness center, co-working lounge, entertainment space, rooftop pool and spa, outdoor entertainment space and barbeque area.  

“Wynhouse Miami is the most exciting project yet in Fisher Brothers’ House brand, which will bring a unique character designed to match and enhance the existing culture, history and energy of Wynwood,” Fisher Brothers Partner Winston Fisher said in a press release. “We look forward to the next phase of bringing Wynhouse Miami to life and finalizing its multitude of amenities and artistic details.” 

Nichols Architects designed the building, while Suffolk is the general contractor. Interiors were designed by ID & Design International, and Rockwell Group is handling the amenity spaces. 

“Today’s achievement celebrates a monumental step in our collaboration with Fisher Brothers to transform Wynhouse Miami from an idea into reality,” said Jay Fayette, president, Suffolk Florida East Coast. “Our industry-leading approach to construction and sophisticated technologies have made the construction of this unique mixed-use building seamless. We look forward to completing this project throughout the year and opening the doors for the Wynwood community to enjoy.”   

 

Source:  South Florida Agent

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First Phase Of Lincoln Road Makeover Funded

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A project is underway on Miami Beach to improve Lincoln Road’s 100, 200 and 300 block and first-phase funds are lined up.

“We started off with a plan for the 100 block, our first phase,” said Peter Kanavos, a partner of the Ritz Carlton Sagamore group. “We’re working subsequently on trying to do the same to revitalize the 200 and the 300 blocks.”

The process is in phases, said Mr. Kanavos. “The monies that we were able to get from the state are going to the first phase, in which we and the city are making equal contributions of $4 million and the state has kicked in about $4.85 million to put towards the reconstruction of the road…. We have something like 7,000 people a day that go back and forth from that beach entrance. It’s a little dilapidated, so we really want to clean that up and make it a beautiful place for people to enter the beach.”

Although the project is well underway, the timeline depends on multiple factors.

“We’re going through an appeal period right now where one of the neighboring hotels has – I think they’re the only people in the whole city that have had objections, which are kind of unclear why, but they’ve been staging an appeal, and that will probably last until sometime this summer,” said Mr. Kanavos. “They already failed with the special magistrate; the first stage of the appeal was this special magistrate. The city and us won that appeal and then I believe the next appeal will not be successful.”

“If we are able to really get over that appeal period, construction of the road would probably start sometime in the first quarter of 2025,” he said, “looking at perhaps 24 months to complete. That can slide. That’s all dependent on a number of factors.”

The improvement was spawned by an analysis he made, said Mr. Kanavos, that showed census statistics that Miami Beach has lost considerable population since 1990. This is most evident in the city center, between Fifth and 23rd streets.

“That has really contributed to a lot of problems, because the eastern end of Lincoln Road, the 100 blocks and 300 blocks in particular – although the whole district – but those areas in particular, are showing the effects of a dwindling neighborhood. We have issues of dereliction, homelessness, crime and so forth,” said Mr. Kanavos.

“What it told me was that we had to repopulate this area as a neighborhood and in order to do that, we have to start really cleaning things up,” he said.

“So the contribution that we made was number one: we reduced the number of our hotel rooms in order to be able to put up a residential condominium, which is going to be part of the Ritz campus.”

For a long time, the city has been living behind a façade of tourism, said Mr. Kanavos.

“That covers up a lot of the sins of a dwindling population,” he said. “If we had been in any other city, without the kind of strong tourist market that we have, and we’d been losing this much population, it would be a disaster.”

Tourism has covered up the issue, but tourists don’t behave like residents do, said Mr. Kanavos. They don’t worry about the crime or a neighborhood becoming seedy – that is, until it gets to the point in which they must go elsewhere to vacation.

“Residents, on the other hand, are engaged,” Mr. Kanavos said. “They have their eyes on the street. If you take a look at South of Fifth, for instance, you look at the character of that neighborhood. It’s clean, it’s neat, it’s safe, because it’s got such a strong residential population. “The first impulse that we had to start this whole thing off was: how do we make this more habitable to bring residential back and that would entail not just building a condominium, but also we wanted to improve the whole quality of the streets,” he said.

The beautification will improve different aspects.

Traffic patterns will be changed in order to make them safer, as currently there are unsafe points, said Mr. Kanavos. An entry monument will be included, inspired by the arts of famed area architect Morris Lapidus that he planned but was never able to effectuate.

“We want to put that entrance monument at the end of the street to mark the beginning of the beach path,” said Mr. Kanavos. “Of course, it’s going to be relandscaped, and we have an art walk planned. We want to be putting public art on both sides of the street – to be determined what – probably, some form of statuary or other forms of art which are to be determined, but we have that plan. It’s really going to become a showcase. And that’s for the 100 block.”

Subsequently, the plans to help the 200 and 300 blocks go through the same transformation are being worked on, said Mr. Kanavos, all part of an effort to turn an area that has been on the decline into a showcase of the city and attract new residents.

“It’s a necessary thing,” said Mr. Kanavos. “It’s been kind of a neglected part of the city even though it’s totally iconic. I mean, when people come to Miami, that intersection between Lincoln and Collins, and Lincoln and Washington, that stretch there has always been one of the most notable parts of the city that people identify Miami Beach with, but in the last few decades it hasn’t seen the kind of attention that it really should get and now we’re trying to rectify that.”

While working on the first phase, they are planning the second: the 200 and 300 block, said Mr. Kanavos. “In fact, we’ve actually already produced a conceptual plan and we’re at the point where we’re just about ready with the county and the city to effectuate the road closure; the ability to close the street off to vehicular traffic on the 200 and 300 block with the idea in mind making an extension of the pedestrian mall further to the west, Lincoln Road Mall.”

The plan is aimed to restore a strong residential component, he said, that will also help businesses thrive due to consistent business residents will provide the stores along Lincoln Road that now battle a fluctuating economy due to dependence on tourism.

“The store owners often tell me that they’re not really getting the kind of tourists that spend a lot of money there,” he said. “I guess you could say they’re underperforming; they’re surviving but underperforming. But we hope to really help the entire district economy by putting a permanent residential base in there that will be long-term residential – in other words, not subject to conversion to short-term rentals, Airbnb and things like that which we feel have really been harmful to the whole neighborhood structure of the central city.”

The project has had tremendous community support, said Mr. Kanavos, with almost universal support “for what’s going on and a great deal of enthusiasm in the city because, in all honesty, we kick-started something that probably should have been done decades ago, but the city often finds itself without the financial wherewithal to do things. They have a lot of demands on their funds.

“By us coming in and putting up monies and also securing, taking the responsibility to secure other monies from the state and so forth,” he added, “we’ve made it financially possible for the city to correct problems in a district that it’s desired to revitalize for some time now.”

Plans will continue to progress in order to finish the job.

“We have committed to actually pay for all the planning costs right through construction on the 200 and 300 block,” said Mr. Kanavos.

“The next steps that we’re working on are going to be to raise money and work … with the property owners in the city to develop a financial plan and other plans to revitalize the two blocks there,” he said. “In essence, for the 200 and 300 blocks, we’re sort of acting as the go-between for our fellow property owners in the city, in order to make the 200 and 300 blocks happen the way we made the 100 block happen.”

 

Source:  Miami Today

 

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Florida Law Speeds Demolition Of Iconic Buildings in Miami Beach

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A new law in Florida limits the ability of municipalities to prevent the demolition of aging coastal buildings, including architectural icons that have been granted local historical status.

The Resiliency and Safe Structures Act, recently signed into law by Gov. Ron DeSantis, strips local municipalities of their authority to ban, restrict or prevent the demolition of non-conforming and unsafe structures.

Supporters of the bill say it addresses the safety challenges of aging condo towers in the wake of the deadly 2021 Champlain Towers South collapse, which killed 98 people.

The law creates exceptions for buildings that are on the National Register of Historic Places, but it notably does not exempt municipal historic designations, which potentially could have a major impact on iconic buildings in Miami Beach.

The new law effectively strips the Miami Beach Historic Preservation Board of its power to decide whether historic structures can be demolished and, if a building is going to be knocked down, whether some elements of its design must be preserved or replicated.

The new law allows owners to demolish buildings in high-risk coastal flood zones if local officials deem the structures unsafe or if the buildings don’t conform to the base flood elevation requirements set by the Federal Emergency Management Agency (FEMA).

The law targets oceanfront buildings along a “coastal construction control line,” which delineates how close developers can build to the coast.

Preservationists are warning that numerous Miami Modernist-style resorts along Collins Avenue in the Mid Beach and North Beach neighborhoods of Miami Beach now on the wrong side of the control line-and most of these historic properties don’t conform to FEMA’s latest elevation requirements.

Lawmakers who supported the Resiliency and Safe Structures Act—which sailed through the state legislature by a 36-2 margin in the Florida Senate and 86-29 in the House—say the measure is long-overdue, not just to address safety concerns but to reign in the power of local preservation boards.

 

Source:  GlobeSt.

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Regency Development Group Proposes Five-Story Townhomes In South Beach

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Regency Development Group wants to build townhomes near Lincoln Road in Miami Beach.

The Chicago-based developer has filed a proposal for a 10-unit project at 1701 Jefferson Avenue, at the corner of 17th Street, a block north of the Lincoln Road shopping promenade.

Called the Villas on Jefferson, the Kobi Karp-designed development would be split between two buildings, each housing five units spanning roughly 2,800 square feet. All residences will be five stories high and include a two-car garage on the ground floor.

The Miami Beach Historic Preservation Board will hear the proposal April 9.

Regency Development Group, led by Michael Troyanovsky, bought the half-acre site for $4.4 million last year, according to property records. The vacant parcel is now used as a parking lot for the nine-story office building at 1688 Meridian Avenue.

A representative for Regency Development Group did not immediately respond to a request for comment.

The previous owner had proposed a 40-unit residential building with a workforce housing component that the Historic Preservation board approved.

 

Source:  Commercial Observer

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