The Real Deal Miami

  • The greatest projects never built

    A look at five Miami development plans that bit the dust before they could rise from it
    November 24, 2015 10:30AM By Francisco Alvarado
    The Miami Herald’s site was eyed for a grand casino resort.

    The Miami Herald’s site was eyed for a grand casino resort.

    From the October issueIn Miami, dreams of grand, ostentatious projects are often billed as set-in-stone reality by developers hoping to cash in on the city’s volatile real estate market. Yet, whether due to market forces, community opposition or political skulduggery, some “game-changing” projects never have reached the groundbreaking stage. [more]

  • Midtown interchange (Via the Florida State Road Department)

    Midtown interchange (Via the Florida State Road Department)

    “South Florida by the numbers” is a web feature that catalogues the most notable, quirky and surprising real estate statistics.

    It is easily THE single-most discussed topic in all of South Florida. It is the reason you (better) leave an hour early, and the reason you are usually running late. It lights up your Facebook stream and has you frantically checking your GPS. Art Basel-goers are bracing for it, and some residents are choosing to just get out of town because of it.

    It is South Florida traffic – and it is only getting worse. With so many people coming from so many places with so many cars and so few viable public transportation options, our highways are simply choked to death. [more]

  • Most popular on The Real Deal

    November 24, 2015 09:00AM

    Current reader favorites:
    1. American Dream alive and well in Miami
    2. Chicago developer buys Six Midtown Miami site in $55M deal
    3. Thor Equities to pay $43M for Design District post office
    4. Proposed changes to Miami 21 cause real estate uproar
    5. Sale of Holiday Inn advances tower project in Miami

  • map A possible rendering of the project from the Prompt Collective architecture firm

    The developers of Apeiron at the Jockey Club have submitted plans for a huge 540-foot tower to the FAA. The Miami-Dade County School Board is looking into selling its downtown Miami headquarters for what could be a 10-acre development. And a new report shows South Florida’s hotel market had a bad month in October, with occupancy rates down compared to last year. Read these stories and more after the jump. … [more]

  • Inside

  • Bayfront Edgewater assemblage to hit market for $18.4M

    Up to 36 stories can be built on the 26,880 sf site
    November 23, 2015 06:00PM By Katherine Kallergis
    Edgewater assemblage

    Edgewater assemblage

    A bayfront development site in Edgewater will be listed for about $18.4 million on Monday.  [more]

  • Canyon pays $34M for Pompano apartments, plans overhaul

    Seller, Tamarac’s Genet Property Group, made nearly $24M on sale
    November 23, 2015 05:30PM
    The Palm Island Apartments in Pompano Beach

    The Palm Island Apartments in Pompano Beach

    The Canyon Multifamily Impact Fund just made its entrance into South Florida real estate with the off-market purchase of a Pompano Beach apartment complex for $34.16 million. [more]

  • The week in luxury: A map of Miami-Dade’s priciest condo sales

    An interactive look at where the biggest deals were struck
    November 23, 2015 05:00PM By Sean Stewart-Muniz
    map The Oceana Key Biscayne condo complex and a map of most expensive condo sales last week

    Take a look at the most expensive condos that were sold in Miami-Dade County last week, courtesy of The Real Deal and … [more]

  • Neighborhood Dive: Pricing surges in Overtown

    Simkins paid $330K in Nov. 2014 for a property now valued at $1.6M
    November 23, 2015 04:30PM By Francisco Alvarado
    Clockwise from top left: Miami's Overtown neighborhood (Credit: CreativeCommons user Pietro), a rendering of Miami Worldcenter, a historic Laundromat sign in Overtown (Credit: Phillip Pessar), and a rendering of All Aboard Florida's MiamiCentral station

    Clockwise from top left: Miami’s Overtown neighborhood (Credit: CreativeCommons user Pietro), a rendering of Miami Worldcenter, a historic Laundromat sign in Overtown (Credit: Phillip Pessar), and a rendering of All Aboard Florida’s MiamiCentral station

    Neighborhood Dive is a new monthly TRD feature that looks at neighborhoods in South Florida that are hotbeds of new development. 

    A buying binge led by Miami Beach-based developer Michael Simkins is generating seven-figure deals along a four block stretch of Overtown, Miami’s historically African-American neighborhood. [more]

  • LeFrak celebrates 70th birthday with “Miami Vice”-themed party

    Pitbull, Flo Rida entertained 400 attendees that included Woody Allen and the Winklevoss twins
    November 23, 2015 03:45PM
    Richard LeFrak

    From left: TRD‘s interpretation of Richard LeFrak’s outfit for his “Miami Vice”-themed birthday party, and Aby Rosen’s actual costume (via Instagram)

    From the New York websiteRichard LeFrak rang in his 70th birthday in style with a surprise dinner and “Miami Vice”-themed bash in the Financial District that drew around 400 friends and family. [more]

  • Bentley Bay South Beach undergoes renovation

    3,000 sf revamp includes replacing nautical-themed lobbies with marble floors, columns
    November 23, 2015 03:00PM
    Renderings of Bentley Bay's lobbies

    Renderings of Bentley Bay’s lobbies

    Bentley Bay South Beach, a waterfront condominium tower in Miami Beach, is in the midst of a $500,000 revamp.  [more]