The Real Deal Miami

Posts Tagged ‘related group’

  • Related Group sells luxury apartments in Delray Beach: $62.4M

    Mesirow Financial paid about $363,000 per apartment
    July 22, 2016 12:50PM
    SofA Delray Beach

    SofA Delray Beach

    The Related Group just sold a newly completed apartment project in Delray Beach for $62.4 million to a Chicago-based Mesirow Financial fund. [more]

  • Related to build Royal Palm apartments following $12.5M deal

    Rental community would have 390 units on 29 acres
    July 20, 2016 05:15PM
    Rendering of the 390-unit community (Inset: Related Group CEO Jorge Perez)

    Rendering of the 390-unit community (Inset: Related Group CEO Jorge Perez)

    Related Group is headed to the ‘burbs.

    The developer just closed on a $12.5 million land deal in Royal Palm Beach, where it’s planning a new rental community that’s expected to open within the next two years. [more]

  • Check out Two Park Grove’s foundation take shape: VIDEO

    Workers poured roughly 2,600 cubic yards of concrete for foundation
    July 15, 2016 12:45PM
    Park GroveConstruction workers pour concrete at the Park Grove development site

    Terra Group and Related Group’s ultra-luxe Park Grove project is becoming reality.

    The two developers recently poured the concrete foundation for Two Park Grove, one of three residential towers planned at the site in Coconut Grove. Click here to check out a video of the pour and more.

  • Design board says Wynwood projects lack “artistic elements” – but still gives approval

    “No one is going to want to take a selfie in front of that,” committee member says
    July 14, 2016 11:15AM
    Renderings of 222 Wynwood, Wynwood 26 and Wynwood 25

    Renderings of 222 Wynwood, Wynwood 26 and Wynwood 25

    The Wynwood Design Review Committee unanimously approved designs for three buildings taller than 80 feet after an hours-long meeting on Wednesday. [more]

  • On the scene at Park Grove’s intimate art talk: PHOTOS

    Artist donated 12 pieces to project's private collection
    July 13, 2016 01:30PM
    porscheArtist Michele Oka Doner speaks to a crowd of brokers and art enthusiasts at the Park Grove penthouse sales gallery

    When luxury finishes aren’t enough for the buyers of multimillion-dollar condos, a dash of carefully curated art could help turn some heads. … [more]

  • Related Group submits plans for mixed-use apartment project in Wynwood

    As planned, project will have 174 apartments, a courtyard, rooftop, paseo and murals
    July 12, 2016 06:00PM
    Rendering of Wynwood 26

    Rendering of Wynwood 26

    The Related Group and Block Capital Group have submitted plans for a mixed-use apartment project in Wynwood.  [more]

  • Related closer to winning bid to develop Miami Dade College Biscayne Boulevard site

    College's board of trustees will be asked to OK deeper negotiations with Related
    July 12, 2016 03:45PM

    Related’s Miami Dade College proposal and Jorge Perez

    The Related Group is now one step closer to winning the bid to develop Miami Dade College’s prime Biscayne Boulevard site, where it plans to build a 75-story condominium tower, a 39-story office building and a 100-room hotel and private club, along with college facilities. [more]

  • Miami condo legend Jorge Perez to move aside for his sons

    Elder son has already brought in deal that would see Related's priciest project ever
    July 12, 2016 10:43AM
    Jon Paul Perez, Jorge Perez, Nick Perez

    Jon Paul Perez, Jorge Perez and Nick Perez

    They’ve been groomed since they were children, and now the king is planning to leave his throne.

    Miami’s “Condo King” Jorge Perez, who’s had a prolific decades-long career as a real estate developer, is reportedly gearing up to move aside in the hopes that his two sons will take control of the Related Group. [more]

  • Residences by Armani/Casa closes $305M construction loan

    Wells Fargo and the Blackstone Group are the lenders
    July 08, 2016 07:00AM
    Rendering of the Residences by Armani/Casa

    Rendering of the Residences by Armani/Casa

    The developers of the Residences by Armani/Casa in Sunny Isles Beach just closed on a $305 million construction loan in what is likely the largest financing deal for the year. [more]

  • Related nabs $93M loan for GranParaiso tower in Edgewater

    Bank of the Ozarks is the lender
    July 06, 2016 08:45AM
    Rendering of GranParaiso

    Rendering of GranParaiso

    The Related Group has closed on $92.7 million in financing for its GranParaiso tower in Miami’s Edgewater neighborhood. [more]