The Real Deal Miami

  • Allegria Ristorante opens on Harrison in Hollywood

    Restaurant on Harrison Street has 4,100 square feet
    March 24, 2017 05:30PM By Mike Seemuth

    Allegria Ristorante

    A new restaurant, Allegria Ristorante, just opened this week on Harrison Street in downtown Hollywood. [more]

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

    More restaurants opening plus a VIP lounge with pool tables, TVs and space for stylists
    March 24, 2017 05:00PM By Ina Cordle

    Renderings of Aventura Mall’s new 315,000-square-foot wing and Jackie Soffer

    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. [more]

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

    The complex, built in 2014, includes 48 units in 24 three-story duplexes
    March 24, 2017 04:00PM By Robert Silk

    Little Torch Cottages and Calum Weaver

    Eastwind Development is putting its 48-unit Little Torch Cottages rental community on the market next week, Cushman & Wakefield said. [more]

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

    Buyer will complete rental project within two years, broker says
    March 24, 2017 03:25PM By Katherine Kallergis

    Rendering of 1091 Galiano. Inset: brokers Elliot Shainberg and Deme Mekras

    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.  [more]

  • Inside

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

    36-story tower proposed for bus terminal in Miami's A&E district
    March 24, 2017 02:05PM

    Rendering of the Resorts World Miami project

    New details have emerged of Resorts World Miami’s proposed redevelopment of a bus terminal in the Arts & Entertainment District of Miami. [more]

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

    President Trump is in "full compliance" with Old Post Office hotel lease, agency official says
    March 24, 2017 12:45PM

    Donald Trump and the Trump International Hotel in Washington, D.C. (Credit: Getty Images)

    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. [more]

  • Palm Beach spec home under contract for $39.5M

    First of two neighboring Pulte-built homes to sell on Billionaires' Row
    March 24, 2017 12:00PM By Gabrielle Paluch

    1330 South Ocean Boulevard

    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. [more]

  • Kenneth Harney

    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 going to an “appraisal management” company under contract by the lender to oversee the appraisal process. Management companies hire the appraiser, negotiate fees, review the appraisal and send it to the lender. [more]

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

    Sales, which launched in 2015, are at more than 10 percent
    March 24, 2017 10:30AM

    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

    March 24, 2017 09:45AM By Ina Cordle

    Alan Faena (Photo courtesy of Christopher Sturman)

    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 appears to enjoy putting his name on buildings. He’s developed the Faena Hotel, the ultra-luxury Faena House condo tower and the new arts and cultural center Faena Forum, all part of the Faena District that runs on both sides of Collins Avenue from 32nd Street to 35th Street. He works out of a design trailer facing the beach that’s filled with drawings of his hotel, photographs and fabric and marble samples. 

    What was your childhood like? It was a childhood full of love. We were in the city, in Buenos Aires, and I grew up with the love of my parents. My father used to have a big textile company and he produced wool. [more]