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Tag: development

The Weekly Dirt: Summertime scandals expose South Florida real estate’s underbelly 
Business

The Weekly Dirt: Summertime scandals expose South Florida real estate’s underbelly 

July 28, 2024July 28, 2024

Summers are usually slower than the rest of the year. Our sources go on vacation. Deal activity slows down. Properties are taken off the market. 

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Watson Island condo revamp? Developers’ 0M+ purchases of city-owned sites head to Miami voters
Business

Watson Island condo revamp? Developers’ $160M+ purchases of city-owned sites head to Miami voters

July 26, 2024July 26, 2024

Voters will decide whether the city can sell land on Miami’s Watson Island to two development groups in separate deals geared at developing more condos. 

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One Sotheby’s taking over sales of Michael Stern’s Dolce & Gabbana condo tower
Business

One Sotheby’s taking over sales of Michael Stern’s Dolce & Gabbana condo tower

July 26, 2024July 26, 2024

Michael Stern’s JDS Development Group replaced Official, the brokerage co-founded by Tal and Oren Alexander brothers, as the sales and marketing firm for 888 Brickell,

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Kolter drops M for Delray Beach dev site, amid its South Florida resi construction spree
Business

Kolter drops $22M for Delray Beach dev site, amid its South Florida resi construction spree

July 26, 2024July 26, 2024

Kolter Group scooped up an asphalt paving business’s headquarters in Delray Beach for $21.9 million as a potential development site.  Delray Beach-based Kolter bought the

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Lennar, BH drop M on shuttered Aventura area golf course to develop homes
Business

Lennar, BH drop $18M on shuttered Aventura area golf course to develop homes

July 25, 2024July 25, 2024

Lennar and BH Group dropped $17.5 million on a shuttered 104.3-acre golf course near Aventura, to redevelop with single-family homes. The partnership plans to tear

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Habitat, partner plan condo-hotel project in Brickell after paying M for dev site
Business

Habitat, partner plan condo-hotel project in Brickell after paying $15M for dev site

July 25, 2024July 25, 2024

Habitat Group is partnering with a Central Asian firm entering the U.S. market to build a condo-hotel on a Brickell development site acquired for $14.8

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Galbut family completes short-term rental-friendly Gale tower in Miami, closings underway
Business

Galbut family completes short-term rental-friendly Gale tower in Miami, closings underway

July 25, 2024July 25, 2024

The Galbut family completed Gale Miami Hotel & Residences, a short-term rental condominium and hotel tower in downtown Miami.  An affiliate of GFO Investments, led

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Investors scoop up dev site near Pompano Beach casino for M, amid near record South Florida multifamily pipeline
Business

Investors scoop up dev site near Pompano Beach casino for $29M, amid near record South Florida multifamily pipeline

July 24, 2024July 24, 2024

Atlantic Residential and Northwestern Mutual Life Insurance scooped up a development site for $29.1 million, to build apartments near Harrah’s Pompano Beach Casino.  Their purchase

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Billionaire Ken Griffin submits site plan for mixed-use Miami supertall
Business

Billionaire Ken Griffin submits site plan for mixed-use Miami supertall

July 24, 2024July 24, 2024

Billionaire Ken Griffin is moving forward with plans to develop a $1 billion-plus mixed-use tower in Miami’s Brickell Financial District. Griffin’s attorney, Neisen Kasdin, this

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Block Capital buys into Diesel Wynwood project, plans relaunch
Business

Block Capital buys into Diesel Wynwood project, plans relaunch

July 23, 2024July 23, 2024

The Miculitzki family’s Block Capital Group bought into Diesel Wynwood, Bel Invest Group’s planned branded condominium project in the trendy Miami neighborhood, The Real Deal

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