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Blocklong Wynwood Dev Site Listed For $31M

2200 and 2230 Northwest Second Avenue and 224 Northwest 22nd Lane in Wynwood_Image Credit Google Maps 1170x435

New York-based Abingdon Square is telling prospective buyers that a 0.7-acre assemblage at 2200 and 2230 Northwest Second Avenue and 224 Northwest 22nd Lane could potentially accommodate a skyscraper with 789 residential units under Florida’s Live Local Act, according to an offering memorandum.

The site is being marketed for $31 million. Abingdon Square, led by principal Benjamin Atkins, purchased the three properties for $5.1 million in 2013, records show.

Prospective buyers will be interested in knowing that they could build a potentially larger project under the Live Local Act, Ari Dispenza, who is marketing the site, said.

In Wynwood, the height of buildings is capped at five to eight stories, but developers can go as high as 12 stories in some areas of the neighborhood by offering public benefits. The Abingdon site’s current zoning allows for a five-story mixed-use development of office or residential with ground-floor retail, the offering states. A residential component could only have a maximum of 70 units.

But a project could score an additional three stories and 55 more units by providing public benefits, the memo states.

Yet, the memo primarily highlights the advantages of the Live Local Act, which allows developers to build new mixed-use or residential projects that can be as tall as buildings within one mile. The Abingdon site is within one mile of multiple high-rise buildings.

 

Source:  The Real Deal

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Rilea Launches Sales Of Rock ‘N’ Roll-Themed Condos In Wynwood

Renderings of the Rider at Wynwood_Image Provided by Rilea Group 1170x435

Rilea Group is hoping to tap into buyers’ rock ‘n’ roll energy with its latest condo project, where buyers and residents can drive a fleet of Harley-Davidson motorcycles and relax in a vinyl record lounge.

The Miami-based firm is launching sales of a short-term rental-friendly project in Wynwood called The Rider at Wynwood, according to Rilea President Diego Ojeda. Ojeda said he even trademarked the phrase, “Take a ride on the wild side,” a play on Lou Reed’s “Take a walk on the wild side.”

The 12-story, 146-unit building, planned for 94 Northeast 29th Street, will be next to Rilea’s Mohawk at Wynwood, a planned 12-story, 300-unit apartment building at 56 Northeast 29th Street. Coastal Construction will be the general contractor for both, Ojeda said. Construction is expected to begin this year.

The Rider at Wynwood, which got its name in part because of its proximity to Brightline’s planned Wynwood station, will have units priced from the $600,000s to $1.8 million. Buyers will face no rental restrictions and can enter their units into a rental program or manage them themselves. Cervera Real Estate is handling sales and marketing.

The units will be delivered furnished, with high-end amenities that include Bertazzoni appliances, Cosentino Dekton countertops and Porcelanosa bathroom fixtures.

Condos offering short-term rental options have become a favorite for investors across South Florida because iInvestors can profit more from renting their units out for shorter periods of time than traditional rentals.

The Rider will have 11,000 square feet of retail space, divided between 5,000 square feet on the ground floor and the remainder for a 6,000-square-foot rooftop speakeasy lounge inspired by Sugar at East, Miami, that will be accessible via two private elevators. The rest of the rooftop will be for residents only.

 

Source:  The Real Deal

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Aventura Brightline Station Attracts Another Big Apartment Proposal

Ram Realty and Pinnacle Housing's Ojus Apartment Project Rendering

A new multifamily proposal in the Ojus neighborhood of Aventura is the latest in a string of signals that developers are leveraging the recently opened Brightline station in the area to add density to their projects.

Developers Ram Realty and Pinnacle Housing are proposing a 16-story apartment building at 19640 W. Dixie Highway, directly across from the Aventura Mall and Brightline station. The joint venture submitted a pre-application with Miami-Dade County for the project, which would include 334 units, 10% of which would be designated as workforce housing, set atop a four-level parking garage.

Site plans submitted to the county include a 2,900 SF ground-floor retail space marked for coworking and a dog-washing station. A fifth-floor pool deck would have amenities including a fitness center, golf simulator and 2,700 SF club room. The building, designed by Orlando-based architect Baker Barrios, would have units ranging from studios to three-bedroom apartments.

Apartments would rise on three sides of the pool deck starting on the fifth floor before shifting to cover only two sides of the property beginning on the ninth level.

The proposal is an update to plans originally presented in January 2022, leveraging zoning changes passed last year to increase the project’s density by 49 units, according to a letter of intent submitted by Edward Martos, a partner at Weiss Serota Helfman Cole + Bierman who is representing the developers.

The workforce housing units would be available for residents making up to 110% of the area median income, or $82,170 for a single person, Martos said in the letter of intent, which asks the county to provide feedback on the project at the next available pre-application meeting.

The joint venture paid $15.4M in January 2022 to acquire the vacant 2.25-acre parcel via an entity called 19640 WDH LLC, property records indicate.

The seller was an entity controlled by Miami Beach-based Privé Group, a development and land banking firm that has also proposed a new project near the Aventura Brightline station.

Privé Group filed a pre-application in January, disclosing plans for an 11-story office building with a 12-unit residential component connected by a parking garage at 18820 W. Dixie Highway, half a mile from the Ram and Pinnacle site.

That proposal also took advantage of changes to the zoning rules that increased the maximum allowable density in the county’s Ojus District. The neighborhood has attracted interest from developers since the Brightline added a station adjacent to the Aventura Mall in December 2022.

Aventura-based BH Group also filed a pre-application last January to replace eight small apartments and a vacant lot with a 132-unit apartment building spanning 232K SF, the South Florida Business Journal reported at the time.

Raphael Ammar, a preschool developer and operator, filed plans in August for an 18-story mixed-use project with 210 apartments called The Gateway in OjusThe Real Deal reported, and Lumer Real Estate and Goldberg Cos. filed plans in November for a 700-unit apartment complex in the neighborhood, according to TRD.

Mark Gilbert, a vice chair at Cushman & Wakefield who recently brokered the $48M sale of a 90K SF shopping center near Ojus in Aventura, told Bisnow earlier this month that the opening of the Brightline station was transformative for the area.

“The amount of residential growth and commercial activity in the region is probably unprecedented,” Gilbert said. 

 

Source:  Bisnow

 

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Project Breaks Ground Near Proposed Train Station In Wynwood

Wynwood Station-exterior 1170x435

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

Collinaire Luxury Suites-Miami Beach_Photo Credit AirBNB 1170x435

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

the shelborne south beach 1170x435

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.

parcels affected by hb 1647

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

Prive Group's Planned Office Building in Aventura 1170x435

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

Breakers Capital and Alchemy-ABR Investment Partners Wynwood Multifamily Project 1170x435

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

the julia residences_image provided by kreps pr 1170x435

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.

 

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