Miami
Westrec Marinas Gets $10M Loan for Haulover Marine Center Development
Site work on a 508-rack marina storage has kicked off as developer Westrec Marinas acquired the necessary funds through Florida Community Bank. Holliday Fenoglio Fowler arranged the $10 million five-year, floating-rate construction loan on behalf of the borrower. The HFF team speaking for Westrec was led by managing director James Dockerty and senior real estate analyst Scott Wadler.
Gateway Center Doral Broke Ground
A brand new mixed use development is coming soon to Doral. DBH Properties, LTD broke ground on Gateway Center Doral in early June and the retail and high-end boutique office center will encompass 84,000-square feet in two buildings. The office component of the development totals around 43,000 square feet.
Jupiter Reserve Shopping Center Acquired by Elion Partners’ New Fund
Jupiter Reserve has recently been acquired by Elion Real Estate Fund III, LP. The 43,172-square-foot neighborhood shopping center is located at 901 West Indiantown Road, Palm Beach County, at the corner of Pennock Lane.
Luxury Condos at The Edge on Brickell Hit the Market
The Edge on Brickell condominium has announced that it is launching sales. The project is the only new luxury residential development on the waterfront of Miami River.
IKEA Completes South Florida’s Largest Solar Installation at Future Miami-Dade Location
IKEA recently announced the completion of South Florida’s largest solar array that will provide clean energy for its Miami-Dade store, which opens this summer in the city of Sweetwater, Fla. adjacent to the Dolphin Mall and west of Miami International Airport.
HFF Marketing Miami Waterfront Site that is Approved for Two Towers, 1,500-Plus Units
Holliday Fenoglio Fowler has got the assignment to of marketing the two-acre development site at 300-330 Biscayne Boulevard, also known as The Empire World Towers Site.
Eastview Development, GTIS Partners Break Ground on 51-Story Miami Condo Tower
A 51-story condominium tower will soon begin to sprout along Biscayne Bay, as Eastview Development and GTIS Partners break ground today on Biscayne Beach.
UBS Remains Loyal to Iconic 550 Biltmore
After a comprehensive search for an alternative in the neighborhood, UBS officials decided to renew the financial services firm’s 43,500-square-foot office lease at 550 Biltmore.
Chilean Hospitality Chain Broke Ground on Atton Brickell Hotel
Atton Hotels started site work on its first US project, a 275-room, 12-story full-service hotel. Located at 1500 SW 1st Ave. in Downtown Miami, construction of the $65 million project is expected to create around 400 jobs until the completion scheduled to early 2016, and 130 permanent positions after delivery.
Parkway Properties Taps Transwestern to Lease 346 KSF Office Complex in Miami
Parkway Properties has hired Transwestern to lease Courvoisier Centre, a 346,000-square-foot office building located on Brickell Key, Miami.