The Real Deal Miami

Posts Tagged ‘related group’

  • Related sells Pembroke Pines rentals to Rockpoint for $87M

    Deal breaks down to about $244,000 per apartment
    April 25, 2017 04:10PM

    Town at Pembroke Pines. Inset: Steve Patterson, president/CEO of Related Development

    The Related Group just sold a multifamily complex in Pembroke Pines to the Rockpoint Group for $87 million.  [more]

  • Developers set their sights, and wallets, on city of Miami candidates in March

    Donors included Related, Shahab Karmely, Jeff Berkowitz, Craig Robins, Turnberry
    April 18, 2017 12:30PM

    Miami aerial view (Credit: Azeez Bakare Studios). Inset: Jorge Perez, Shahab Karmely, Manuel Grosskopf and Craig Robins

    Some of Miami’s biggest developers made donations last month to city of Miami candidates running for commissioner and mayoral seats in the November election. [more]

  • Sign of the times: Related cancels Auberge Miami as condo market fizzles

    Related put construction of the tower on hold in August until at least year-end 2018
    April 07, 2017 04:30PM

    Auberge sales center on Wednesday. Inset: Jorge Perez and Jon Paul Perez

    The Related Group has shut down its Auberge Residences & Spa Miami project and returned buyers’ deposits amid a sluggish condo market, sources told The Real Deal.  [more]

  • Related, Shoma host grand opening of CityPlace Doral: PHOTOS

    Jorge Perez, Steve Patterson, Masoud Shojaee and Bernardo Fort-Brescia among hosts
    March 28, 2017 12:45PM
    CityPlace Clockwise from left: Jorge, Darlene and Jon Paul Perez; Steve Patterson and Bernardo Fort-Brescia; and Masoud Shojaee cutting the ribbon (Credit: World Red Eye)

    Mario Reyes and the Gipsy Kings family welcomed hundreds of guests to the grand opening of CityPlace Doral earlier this month. [more]

  • Related Group offers a slew of incentives to unload remaining Paraiso units

    A year of no maintenance and 30% deposits instead of 50% are among incentives
    March 23, 2017 05:15PM

    Renderings of Paraiso Bayviews, one part of the four-tower Paraiso project in Edgewater (Renderings by ArX Solutions)

    In the latest barrage to sell preconstruction units in a sluggish condo market, the Related Group is offering a slew of incentives at its Paraiso complex in Miami’s Edgewater neighborhood, The Real Deal has learned. [more]

  • Terra and Related top off Park Grove at 80 percent presold

    Michael Schwartz restaurant slated to open in about a year, restaurateur says
    March 21, 2017 06:00PM

    Photos and a rendering of Park Grove. Inset: developer David Martin of Terra Group and Jorge Perez of the Related Group

    Terra Group and the Related Group’s Park Grove condo development has topped off at 80 percent presold, developer David Martin said on a construction tour of the property. [more]

  • Related, Fortune pay off $102M loan for Hyde Hollywood

    Developers expect to close out project, with 40 condos and 367 condo-hotel rooms, by mid-May
    March 16, 2017 12:00PM

    Hyde Hollywood Resort and Residences. Inset: Jorge Perez and Edgardo Defortuna

    The Related Group and Fortune International Group have paid off their $102 million loan for Hyde Resort & Residences in Hollywood, marking one of the first large construction loans to be repaid in Broward County this cycle.  [more]

  • Related may redevelop aging Hollywood landmark

    Related reportedly is trying to buy out condo owners at Hollywood Beach Resort
    March 11, 2017 10:40AM

    The Hollywood Beach Resort at 101 North Ocean Drive in Hollywood

    Miami-based Related Group may buy out condo owners at Hollywood Beach Resort and redevelop the aging, mixed-use property with hotel rooms, residences and commercial space.

    The landmark property, built in 1925 by Hollywood founder Joseph Young, has a beachfront location where the eastern end of Hollywood Boulevard intersects State Road A1A. [more]

  • Wynwood 26 mixed-use apartment building gets green light from zoning board

    Board increased project's lot coverage and reduced required parking spaces by 30%
    February 16, 2017 01:30PM

    Rendering of Wynwood 26. Inset: Jorge Perez

    The Miami Planning and Zoning Appeals Board signed off on plans for Wynwood 26, a mixed-use apartment project to be developed by The Related Group and Block Capital Group. [more]

  • Related pays $11.81 million for Tampa development site

    The Miami-based company plans to build rentals in master-planned waterfront community
    February 11, 2017 09:30AM

    Westshore Marina District  (Source: Tampa Bay Times)

    Miami-based Related Group closed on the purchase of part of a master-planned community in Tampa for $11.81 million.

    Related bought 8.5 acres of a 52-acre master-planned community called Westshore Marina District. Related plans to build a 396-unit apartment complex on the site, located on the eastern end of the Gandy Bridge that connects St. Petersburg and Tampa. [more]