A 50-foot-wide rotating bookshelf planted in the sand in front of the Faena District is drawing crowds during Miami Art Week — a fitting backdrop for a mixed-use project that has, since it opened a decade ago, fused luxury real estate with the art world. The installation, called The Library of Us, by Es Devlin, … Read more
Edgardo Defortuna’s Fortune International Group and Manuel Grosskopf’s Château Group closed on additional financing for their under-construction St. Regis Residences in Sunny Isles Beach. Little Rock, Arkansas-based Bank OZK increased the existing loan by over $200 million to $418.3 million, completing the project’s construction financing, according to property records and a news release. Bank OZK … Read more
New York City’s Mayor-elect Zohran Mamdani was on the minds of Miami developers, brokers and billionaires last week. His win on Tuesday has fueled a number of memes and social media posts claiming that a mass exodus of wealthy New Yorkers to Florida is already underway. He’s promised to freeze rents on rent-stabilized buildings and … Read more
In the gold rush that is real estate development in West Palm Beach, nothing is more valuable than the dirt on waterfront Flagler Drive. But there is no vacant land left for sale. Aging condos inhabit the remaining development sites, their boards controlled by unit owners with differing opinions on the fate of their tropical … Read more
Start today for only $1 Subscribe Apartment construction is booming in South Florida, even though the market is past its pandemic-era leasing and rent peak. “Developers are still very bullish on the Miami story,” said Juan Arias, a national director at CoStar Group. “You have a lot [to be completed] in 2027 and 2028.” After … Read more
Forest Development, Kenco Communities and a partnership led by Frontier Development & Hospitality Group will make presentations to Riviera Beach officials next month, as they compete to acquire 2.2 acres of vacant publicly owned land near the waterfront. Riviera Beach’s Community Redevelopment Agency received five proposals in response to a request for offers to buy … Read more