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Category: New Construction

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The Faena District Is Expanding To Downtown Miami’s Riverfront

The Miami River District in Downtown Miami is about to get a lot more luxurious with Faena Residences Miami at 90 SW 3rd Street. A new partnership between Alan Faena, Fortune International and Shahab Karmely’s KAR Properties is set to bring a new 14-acre Faena Cultural District to the Miami River area. Designed by Rafael Viñoly Architects, the project begins with a redesign of One River Point, which gained headway in 2015. The redesigned project is set to bring 440 residences to the area in twin riverfront towers that are each 60 floors at 90 SW 3rd Street, along the Miami River Walk. Connecting...

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EXCLUSIVE: The Ritz Carlton Residences South Beach Is Converting To Contracts

I am very excited to announce today that the new historic redevelopment of the Sagamore Hotel and the Ritz Carlton South Beach Hotel, now dubbed the Ritz Carlton Residences South Beach at 1671 Collins is converting its reservations into formal contracts. This is an instrumental part of the development process, indicating that sufficient sales and permits are in place to sustain the development to closings. About The Ritz Carlton Residences South Beach Being known as the original South Beach “Art Hotel,” the Sagamore Hotel at 1671 Collins Avenue was a spearhead to the Art Deco movement in Miami...

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1428 Brickell Receives Site Work Permit To Begin Construction

Just a few short months since the VERY fun demolition celebration at 1428 Brickell, the previous building has been cleared away and the path is now clear to begin construction on Miami’s first solar-powered skyscraper. The City of Miami has issued the site work permit to YTech so they can get started on their construction, according to The Next Miami. The permit calls for nearly $2 million of work to take place, preparing the site for the foundation of 1428 Brickell’s foundation. This will be a large undertaking as the tower is slated to rise 70 stories into the skyline and bring 189 new...

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Michael Stern’s Dolce & Gabbana Tower Advances In Brickell With Zoning Approval

Michael Stern’s 81-story tower in Miami’s Brickell Financial District is moving forward according to court records. The Dolce & Gabbana-branded tower has won their first step of zoning approval from Miami-Dade County with an 11-0 vote. According to the new site plan, the tower will be built to 81 stories with 259 residential units, just under 103,000 square feet of commercial space with retail, restaurant, spa and wellness center (gym) uses. There will also be 273 parking spaces. The elevations show that the tower will rise 1,049 feet, which goes to the maximum allowed in that area due to...

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Six Fisher On Miami Beach’s Fisher Island Hosts Groundbreaking After $400 Million Construction Loan

After receiving a $400 million construction loan from New York’s Madison Realty Capital, Related Group and partners have hosted an official groundbreaking on their new landmark project, Six Fisher on the famed Fisher Island. “The groundbreaking of the Residences at Six Fisher Island marks a transformative moment for this historic island, being the first new development in over five years and one of its final luxury real residential ventures. We’re incredibly honored to advance this landmark development, which offers a rare opportunity for buyers to secure a piece of Miami’s most coveted address....

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The Latest Builder Trend: Smaller, Less Expensive Homes

Even though affordability is improving, buying a home can still feel tough right now. But here’s some good news: builders are focusing their efforts on building smaller homes, and they’re offering key incentives to buyers. And both of these things can be a big help if you’re worried about finding a home that’s right for your budget. Builders Are Building Smaller Homes During the pandemic, homebuyers were looking for larger homes—and many could afford them. Builders responded to that demand and created bigger spaces to help people with things like working from home, setting up home gyms,...

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Cipriani Residences In Brickell Has A Convenient New Program For Curious Buyers

Given the worldwide presence of their brand, Cipriani Residences in Brickell is announcing an amazing and unique opportunity for curious yet discerning buyers. It is called the “Fly and Buy” program. Buyers are being offered travel reimbursement for their air travel and hotel when you fly to Miami to experience the vibrance of the city and the elegance of Cipriani. Rendering of Cipriani Residences Brickell Miami Lobby About Cipriani Residences Miami Designed by the famous Cipriani Family from Italy and developed by Miami powerhouse developer MAST Capital, Cipriani Residences Brickell will soon...

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Vita at Grove Isle Tops Off | Completion Set For 2025

Coconut Grove’s most anticipated new development in decades, Ugo Colombo’s Vita at Grove Isle, has topped off. They estimate the finishes can be completed by late 2025. The project, located at 5 Grove Isle will bring 65 boutique residences to the Grove Isle waterfront. The spaceship-esque design of the 7 floor tower is spread over the southern tip of the 20-acre island, allowing all residences to enjoy sweeping waterfront views of Downtown Coconut Grove, the Brickell skyline and more. Vita at Grove Isle Construction Top Off August 2024 “Seeing Vita at Grove Isle take shape is a fulfillment of...

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Construction Update: ORA By Casa Tua In Brickell Secures Development Site And Initial Financing

After a season of working quietly behind the scenes, ORA by Casa Tua in Brickell has made some significant strides in their construction journey. Fortune International, the Miami-based developer of the project has revealed that they have acquired the land to build and secured the loan to get started. The parcel of land is a 46,373-square-foot lot at 1210 Brickell Avenue. Locals will recognize this as the parking garage on the corner of Coral Way and South Miami Avenue. The construction is not expected to affect the office building on the corner of Brickell Avenue and Coral Way (SW 13th Avenue)...

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The Mandarin Oriental Residences, Miami In Brickell Releases New Rendering To Celebrate $1B In Sales, Converting To Contracts

Swire has released a new rendering of The Mandarin Oriental Residences, Miami upon the announcement that they have transferred from reservations to contracts with nearly $1 billion in reservations. Over $150 million of these contracts have already converted. “The market response in relation to the sales reservations since December 2023 has exceeded expectations,” the company said in a release to investors on August 8 according to The Next Miami. Rendering of The Residences at Mandarin Oriental, Miami What Does This Mean? Typically the first investors of a project will be offered the lowest pricing....

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