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Tag: development

“Out of scale”: Michael Stern’s and Gianluca Vacchi’s condo tower proposal shot down by Miami Beach board, now heads to commission vote
Business

“Out of scale”: Michael Stern’s and Gianluca Vacchi’s condo tower proposal shot down by Miami Beach board, now heads to commission vote

March 7, 2025March 7, 2025

Michael Stern’s JDS Development Group and Gianluca Vacchi’s GV Development Group are heading to the Miami Beach City Commission next month with an unfavorable recommendation

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13th Floor, LeFrak and Related take over Shoma dev site in Miami
Business

13th Floor, LeFrak and Related take over Shoma dev site in Miami

March 7, 2025March 8, 2025

Shoma Group is abandoning plans to redevelop a shuttered car dealership, selling the 2.5-acre site for $35 million to a group that includes Richard LeFrak’s

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Swerdlow proposes replacing Miami public housing complexes with 5,000-plus apartments with affordable, workforce units 
Business

Swerdlow proposes replacing Miami public housing complexes with 5,000-plus apartments with affordable, workforce units 

March 7, 2025March 7, 2025

Developer Michael Swerdlow wants to develop 5,730 multifamily units with some affordable and workforce apartments, replacing five public housing complexes across Miami.  Coconut Grove-based Swerdlow

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No bid, no problem? Miami-Dade eyeing deal with Michael Swerdlow for workforce housing project
Business

No bid, no problem? Miami-Dade eyeing deal with Michael Swerdlow for workforce housing project

March 6, 2025March 6, 2025

Miami-Dade officials could forgo competitive bidding to have developer Michael Swerdlow build a workforce housing project near a site he’s buying from the county for

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Lotis nabs another construction loan for Wellington mixed-use project
Business

Lotis nabs another construction loan for Wellington mixed-use project

March 5, 2025March 5, 2025

Lotis Group landed a $28.2 million construction loan for a Wellington mixed-use project. Amerant Bank provided the financing for the commercial portion of The Square

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Fraud accusations fly in Miami waterfront dev site foreclosure suit
Business

Fraud accusations fly in Miami waterfront dev site foreclosure suit

March 4, 2025March 4, 2025

A lender is accusing Gomez Development Group and Avenue 4 Partners’ joint venture of engaging in fraud to obtain a $10 million loan.  An affiliate

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Integritas proposes 57-story hotel, apartment tower in Fort Lauderdale, as investment in the city intensifies
Business

Integritas proposes 57-story hotel, apartment tower in Fort Lauderdale, as investment in the city intensifies

March 4, 2025March 4, 2025

Integritas Capital proposes a 57-story tower with apartments and a hotel in Fort Lauderdale, as investment and development intensifies in the city.  The New York-based

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David Beckham, partners in B Miami Freedom Park allegedly owe 0K in pre-construction services
Business

David Beckham, partners in $1B Miami Freedom Park allegedly owe $590K in pre-construction services

March 3, 2025March 3, 2025

Development of the $1 billion Miami Freedom Park is off to a rough start with a contractor alleging its owners haven’t paid a past due

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Related scores funding from city of Miami for 98-unit affordable housing project in Flagami
Business

Related scores funding from city of Miami for 98-unit affordable housing project in Flagami

February 28, 2025February 28, 2025

Jorge Pérez’s Related Group scored an up to $5.7 million loan from the city of Miami for a 98-unit affordable housing project for senior residents

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Industrial vs yachts: Boat storage owner plans to replace Dania Beach marina with spec warehouses
Business

Industrial vs yachts: Boat storage owner plans to replace Dania Beach marina with spec warehouses

February 28, 2025February 28, 2025

The owner of a boat storage facility in Dania Beach plans to replace the property’s marina with two spec warehouses. Banyan Bay Marine Center won

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