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Miami Real Estate News

Allegria Ristorante opens on Harrison in Hollywood

Posted:Fri, 24 Mar 2017 21:30:41 +0000

A new restaurant, Allegria Ristorante, just opened this week on Harrison Street in downtown Hollywood. Following a “soft opening” Tuesday night for a private party, the restaurant opened on Thursday, said Hollywood attorney Gerald E. Cowen, who represents Allegria Ristorante LLC, the company behind the new restaurant. Cowen said his client assumed a lease for a space at 2009 Harrison Street with about 4,100 rentable square feet. He declined to disclose the remaining term on ... [more]

Topshop Topman, Zara and more heading to Aventura Mall’s new wing

Posted:Fri, 24 Mar 2017 21:00:58 +0000

Topshop Topman and Zara will open flagship stores in Aventura Mall’s new three-level wing in November, as the shopping center aims to boost its experiential offerings with more food, art and a VIP lounge, The Real Deal has learned. Topshop Topman’s two-level store at the mall owned by Turnberry Associates and Simon Property Group will mark the British brand’s first standalone store in Florida. The retailer’s offerings will include Topshop for women and Topman for men. ... [more]

Little Torch Key Cottages in the Keys to hit the market, could fetch $20M

Posted:Fri, 24 Mar 2017 20:00:45 +0000

Eastwind Development is putting its 48-unit Little Torch Cottages rental community on the market next week, Cushman & Wakefield said. The complex, which opened in 2014, sits on the eponymous Lower Keys island of Little Torch Key at 28501 Channel View Drive. Its 3.7 acres include 400 feet of shoreline along the Big Pine Channel, which separates the eastern edge of Little Torch from the western edge of the much larger Big Pine Key, near ... [more]

Developer picks up Coral Gables site of boutique condo project, plans rentals

Posted:Fri, 24 Mar 2017 19:25:49 +0000

Palmcorp Development Group sold a boutique condo development site in Coral Gables for $2.55 million to a developer who plans to build rentals instead.  1091 Galiano Investments LLC bought the 24,200-square-foot plot at 1091 Galiano Street and 44 Santillane Avenue, listing broker Deme Mekras said. The entity, which is controlled by investor and developer Ricardo Carozzi, paid about $94,000 per buildable unit. It was on the market with Mekras and Elliot Shainberg, both of MSP Group, for $2.9 million ... [more]

Resorts World Miami’s $200M redevelopment would include residential

Posted:Fri, 24 Mar 2017 18:05:23 +0000

New details have emerged of Resorts World Miami’s proposed redevelopment of a bus terminal in the Arts & Entertainment District of Miami. Resorts World, a subsidiary of the Malaysian conglomerate the Genting Group, submitted plans for its mixed-use project in response to a county request for proposals to redevelop the bus terminal and upgrade an adjacent Metromover station. A 36-story tower, which would top the terminal station, would include 20 floors of residential units averaging 918 square ... [more]

GSA to Trump DC Hotel: You’re good to go

Posted:Fri, 24 Mar 2017 16:45:31 +0000

From the New York website: A contracting officer at the General Services Administration wrote to the Trump Organization yesterday, informing the company that the Trump International Hotel in Washington, D.C., which sits on government land, is in “full compliance” with lease requirements stipulating that no government officials be involved with or benefit from the contract. After Donald Trump was elected president in 2016, House Democrats claimed they had been briefed by a GSA official who ... [more]

Palm Beach spec home under contract for $39.5M

Posted:Fri, 24 Mar 2017 16:00:37 +0000

A newly built five-bedroom spec home on the exclusive section of South Ocean Boulevard known as “Billionaires’ Row” in Palm Beach is in contract and will close next month for $39.5 million, according to sources close to the deal. The 14,704 square-foot, lakefront mansion at 1330 South Ocean Boulevard comes fully furnished, features a spacious master suite and bathroom with dual his-and her toilets. It is selling for its asking price. The buyers could not ... [more]

Are you paying unseen add-on fees for your appraisal?

Posted:Fri, 24 Mar 2017 15:15:01 +0000

Are you getting fleeced on appraisal charges when you buy a house or refinance? Could you be paying as much as double what the appraiser is receiving for actually doing the work, with the excess going to an undisclosed third party? Many appraisers say yes. And they’re eager to let consumers know that when the appraisal charge is $500 or $800 or $1,000, they’re frequently being paid just a fraction of that. The rest is ... [more]

On the scene at One River Point’s sales center debut: PHOTOS

Posted:Fri, 24 Mar 2017 14:30:29 +0000

Jay Parker, Shahab Karmely and Marc Sarnoff

One River Point unveiled its $3.5 million sales gallery last week to more than 600 of Miami's real estate movers and shakers. [more]

The Closing: Alan Faena

Posted:Fri, 24 Mar 2017 13:45:33 +0000

From the March issue: Alan Faena is known for his artsy taste, for always wearing white and for creating the Faena District in Miami Beach. Faena was born in Argentina, and his life has taken several turns, including modeling, owning a major fashion company and developing the Faena District in Buenos Aires — all before founding his namesake district in Miami Beach with partner Len Blavatnik. Like some other notable people in powerful positions, Faena ... [more]

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