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Developer Breaks Ground On $40M Miami Beach Hotel

Rendering of Dolce by Wyndham Miami Hotel in Miami Beach_Image Credit SFBJ 1170x435

Glokal Group, based in Argentina, and Blue Road from Miami have commenced construction on the $40 million Dolce by Wyndham Miami hotel in Miami Beach.

The new hotel, featuring 90 rooms, a restaurant and a rooftop pool, will stand five stories tall on a 15,000-square-foot lot located at 1745 James Ave. It is expected to create 45 jobs upon its opening in 2026 and will be managed by AADESA Hotel Management and Blue Road.

Local construction firm Buslam is serving as the general contractor, while Revuelta Architecture is handling the design. Amerant Bank, based in Coral Gables, provided a $21.5 million construction loan to the developers, through affiliate 1745 James LLC, in June.

Previously, the site housed the 36-unit Sanctuary South Beach Condo. The developer bought the condos for $14.41 million in 2019 before demolishing the building.

 

Source:  SFBJ

 

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A Government-Owned Lot Near Wynwood Is Up For Grabs. These Five Developers Want it.

Miami-Dade wants a library and county offices in Wynwood Norte — and is putting its land into the deal. Five local developers now are vying for the action.

Three adjacent county-owned parcels in the city of Miami, at the northwest corner of Northwest 29th Street and Northwest Second Avenue, just across the street from Midtown Miami, are up for bid as part of the Request for Proposal issues in July by the Miami-Dade Strategic Procurement Division, according to the county solicitation page on BidSync. The deal comes with a 50-year lease and the potential for two 20-year renewals.

Under the RFP, the developer must incorporate a total of 10,000 square feet for a public library and office space for county officials on the site, currently home to the De Hostos Senior Center. The site covers almost an acre.

In the running: New Urban Development, Integra, Related Urban Group, Buslam and the South Florida Community Land Trust. All submitted proposals by the early November deadline. The county will select the firm by January 2021.

Only Integra agreed to comment for this article.

The firm envisions a $50 million mixed-use development on the site, said Jake Morrow, head of Integra Investments’ Interurban. The 12-story, 265,000-square-foot project would include 14,000 square feet of ground floor retail space, a second floor with a 5,000-square-foot library and 5,000 square feet of county office space. The tower would feature 160 affordable housing units for seniors and income-limited workforce housing apartments.

Integra partnered with the Sunrise-headquartered Elderly Housing Development & Operations Corporation, or EHDOC, on the proposal. The two firms also are co-developing an affordable housing community for seniors in Allapattah.

In recent years, developers have zoomed in on the Wynwood area, with a flurry of office, residential and mixed-use projects, including 545 Wyn, Wynwood Green and Wynwood Square. In October, Miami commissioners approved a neighborhood-led development plan for Wynwood Norte and a new streetscape plan for Wynwood.

 

Source:  Miami Herald

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