South Florida real estate in brief

Miami /
Jun.June 12, 2009 12:48 PM

Delray Beach downtown development to begin
Work on the first phase of redevelopment for two blocks in downtown Delray Beach, adjacent to Veteran’s Park at Atlantic Avenue and Federal Highway, is set to begin this summer. The $325 million project, Atlantic Plaza II, will include retail, residential and Class A office space, according to a press release. Infrastructure work is expected to take about 18 months, and the development will be completed in three phases over five to seven years.

Architecture firm opens new division
Miami architectural firm BCArchitects has launched a healthcare division to work on medical campuses, healthcare and hospital buildings, medical offices, surgical centers and clinics, according to a press release from the firm.

Local developers cut prices, ignite sales
At two new condominium projects in the greater Downtown Miami area, developers have cut condo prices to as low as $189 per square foot. The price needed to break even on a building is usually $250 per square foot, according to a report from real estate consultancy Condo Vultures. Most of these units are selling to investors, the report said. The two projects, which were not named in the report, have closed 46 sales since April. TRD


Related Articles

arrow_forward_ios
Fuse Group Investment CEO Eyal Peretz and attorney Michael Ehrenstein (Fuse, Ehrenstein Sager, Twitter via GUT Miami)
Fuse Group acquires Security Building in downtown Miami, plans to sue WeWork for alleged lease breach
Fuse Group acquires Security Building in downtown Miami, plans to sue WeWork for alleged lease breach
Moishe Mana and one of the properties that's located on Flagler Street. (Getty, Google Maps)
Moishe Mana expands downtown Miami assemblage with $27M purchase
Moishe Mana expands downtown Miami assemblage with $27M purchase
AshBritt's Randal Perkins and 111 South Ocean Boulevard in Delray Beach (Google Maps)
AshBritt founder drops $21M on oceanfront Delray Beach mansion
AshBritt founder drops $21M on oceanfront Delray Beach mansion
One Thousand Museum with developer Louis Birdman (Getty, One Thousand Museum)
One Thousand Museum developers refund nearly $1M deposit for condo purchase in legal dispute
One Thousand Museum developers refund nearly $1M deposit for condo purchase in legal dispute
The Addison Place shopping plaza at 16850 and 16950 South Jog Road in Delray Beach with Site Centers CEO David Lukes (left) and Richard Caster of Azure Development (LinkedIn, Azure, Google Maps)
Site Centers buys Delray Beach shopping plaza for $40M
Site Centers buys Delray Beach shopping plaza for $40M
The assemblage in downtown Miami
Downtown Miami dev site zoned for 80-story tower hits the market
Downtown Miami dev site zoned for 80-story tower hits the market
(Photos courtesy of Miami Historic Preservation, Smith Aerials, Colliers)
Development site near MiamiCentral hits the market
Development site near MiamiCentral hits the market
Clockwise from left: Citigroup Center at at 201 South Biscayne Boulevard, Monarch Alternative Capital CEO Michael Weinstock, Crocker Partners’ Angelo Bianco (Daniel Christensen/Wikipedia, Monarch, Crocker Partners)
Monarch paying $300M for downtown Miami office tower
Monarch paying $300M for downtown Miami office tower
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...