The Real Deal Miami

  • map OKO Group paid nearly $48 million to buyout the unit owners at 175 Southeast 25th Road in Miami

    Vacant waterfront land is becoming a scarce thing in South Florida, so more and more developers are buying out existing buildings to replace with new projects. David Beckham’s plans for a Miami soccer stadium have fallen into question after county school officials postponed a possible land deal. And Developers have proposed to build a new mixed-use project in Miami’s Upper Eastside near the Design District. Read these stories and more after the jump. … [more]

  • Miami Beach rejects further downsizing of single-family homes

    Board member: “I have never seen a city change its code as much as Miami Beach"
    November 25, 2015 05:30PM By Francisco Alvarado
    5446 North Bay Road

    The home at 5446 North Bay Road prior to demolition on the left, and the lot’s new spec home on the right (Credit: Aerial Photography Inc. via Todd Glaser’s website)

    The Miami Beach Planning Board on Tuesday rejected a proposed change to the city’s zoning code that would reduce the size of single-family homes. The board voted 5-1 against portions of an ordinance recommended by planning and zoning staff that would have slashed the maximum lot coverage from 30 percent to 25 percent in all single-family districts, as well as scaling back the maximum unit size on a lot from 50 percent to 45 percent. [more]

  • Related’s IconBay sells out five months after opening

    Tower opened five months ago
    November 25, 2015 05:00PM
    The IconBay condo project in Edgewater

    The IconBay condo project in Edgewater

    The Related Group announced Wednesday that its IconBay project in Edgewater has officially sold out. [more]

  • How much is too much hotel development in West Palm Beach?

    There are nine proposed and planned hospitality projects downtown
    November 25, 2015 04:30PM By Dan Weil
    Rendering of the Hilton West Palm Beach by NBWW

    Rendering of the Hilton West Palm Beach by NBWW

    It may be time to call it a night at the key party in West Palm Beach. As another hotel is set to open downtown, there is talk among real estate pros in the area that the market may have hit its saturation point. [more]

  • Inside

  • East End Capital inks retail tenants for Wynwood Arcade

    Asking rent is $55 triple-net, per square foot
    November 25, 2015 03:45PM By Katherine Kallergis
    Rendering of the rooftop space at Wynwood Arcade

    Rendering of the rooftop space at Wynwood Arcade

    MuseØ, the Salty Donut and Patrizia Bozzi Design are coming to Wynwood.

    The fashion retailer, coffee and donut shop and furniture store will be the first tenants at the Wynwood Arcade, which is along Northwest 24th Street.


  • Cooper City charter school sells for $15.5M

    Buyer is for-profit operator of schools in seven states
    November 25, 2015 03:00PM By Sean Stewart-Muniz
    The charter school at 2800 North Palm Avenue in Cooper City

    The charter school at 2800 North Palm Avenue in Cooper City

    A charter school in Broward County’s Cooper City was recently sold for $15.5 million — the first time it’s traded hands since the school was built three years ago.

    The Renaissance Charter School at Cooper City, located on a six-acre lot at 2800 North Palm Avenue, was sold to the development arm of Charter Schools USA through a deed filed Thursday. [more]

  • PHOTOS: On the scene at AquaBlu’s groundbreaking

    Units are priced from $1.4 million to $3.8 million
    November 25, 2015 02:15PM
    partyFrom left: Dennis Eisinger, Robert L. McKinzie, Chip LaMarca and Jean Francois Roy (Credit: World Red Eye)

    Ocean Land Investments celebrated the groundbreaking of AquaBlue in Fort Lauderdale recently. … [more]

  • Construction spending in SoFla takes deep dive in October

    Construction so far this year has already surpassed 2014
    November 25, 2015 01:30PM
    Aerial shot of Brickell City Center under construction

    Aerial shot of Brickell City Center under construction

    South Florida builders saw a big drop in construction contracts during October, according to a new report from Dodge Data & Analytics. [more]

  • New mortgage rules come at a price

    Changes aimed at transparency mean higher fees for homebuyers
    November 25, 2015 12:45PM By Kenneth Harney
    Richard Cordray

    The Consumer Financial Protection Bureau’s Richard Cordray

    From the New York magazine’s November issue: It’s been just a few weeks since the nationwide changeover in mortgage and settlement procedures took effect, but the early results are trickling in: Lenders and brokers say just about everything is taking longer and the costs to home buyers are moving up.

    On Oct. 3, under a directive from the federal Consumer Financial Protection Bureau, lenders, title insurers and settlement agents were required to comply with a nearly 1,900-page new rule book designed to improve transparency and accuracy in real estate and mortgage transactions for home buyers and refinancers. [more]

  • VIDEO: Watch downtown Miami sprout from the ground

    By 2006, Miami had 26 skyscrapers above 400 feet
    November 25, 2015 12:00PM
    party An animation of Miami’s growth over the last 100 years

    Don’t let all the new skyscrapers coming to downtown Miami fool you — the city had some humble beginnings as a piece of paradise carved out of swampland during the early 20th century. Now, you can watch as downtown grows from a cluster of low-rise buildings to the skyline we know today. … [more]