Magellan Development Group

Magellan scores $90M refi for Midtown Five

Magellan scores $90M refi for Midtown Five

Magellan Development Group just scored a $90 million loan to pay off construction financing for Midtown Five. Property records show the developer is refinancing the 400-unit luxury apartment tower at 125 Northeast 32nd Street...

Midtown 6 site in Miami sells for $28M

Midtown 6 site in Miami sells for $28M

Real estate investor Alex Vadia just sold the 2.14 acre-site where Midtown 6 will rise for $27.9 million to a partnership between his company Midtown Development and Chicago-based Magellan Development Group. The companies announced...

New restaurants head to Midtown Five apartment tower

New restaurants head to Midtown Five apartment tower

Japanito, Lime Fresh Mexican Grill, MidiCi and Raw Juice are heading to Midtown Miami. ...

Miami commission approves permits for Midtown 6 and 7 towers

Miami commission approves permits for Midtown 6 and 7 towers

A pair of new residential towers proposed at Midtown Miami cleared a final government hurdle. on Thursday. ...

On the scene at Midtown Five’s preview party: PHOTOS

On the scene at Midtown Five’s preview party: PHOTOS

With just two months to go before opening day, Magellan Development Group invited a host of Miami realtors to...

Miami board approves Midtown 6, 7 on second try

Miami board approves Midtown 6, 7 on second try

After a one-month delay, Miami’s Urban Development Review Board gave Midtown 6 and Midtown 7 its blessing Wednesday afternoon....

Midtown’s first apartment tower, Midtown Five, ramps up to open in January

Midtown’s first apartment tower, Midtown Five, ramps up to open in January

Midtown Miami will soon welcome its first all-rental building, Midtown Five. ...

Midtown 6 and 7 get a thumbs down from Miami board

Midtown 6 and 7 get a thumbs down from Miami board

Members of Miami’s Urban Development Review Board were unimpressed by plans for Midtown 6 and Midtown 7. On Wednesday,...

Magellan plans two more rental towers in Midtown

Magellan plans two more rental towers in Midtown

With completion closing in for Midtown 5, the Magellan Development Group is launching plans to build two more rental...

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