Developer Terra could soon enter Block 55 in partnership with Michael Swerdlow. On March 16th, Southeast Overtown/Park West Community Redevelopment Agency will vote on altering the deal with Swerdlow to enable Terra an ownership stake. Swerdlow will keep at least 63% of the project, with the remainder to be held by Terra, the agreement states. […]

Terra, Bizzi & Partners, New Valley, and Pacific Eagle, developers of Eighty Seven Park, just paid off the $155 million construction loan for the newly developed luxury condominium in Miami Beach. The construction loan was given by United Overseas Bank in 2017. The luxury tower located at 8701 Collins Avenue has more than 90 percent […]

Commissioners of Miami-Dade are scheduled to vote next week on releasing a $5 billion in bonds for restoration and extension of Miami International Airport. Earlier this month, they unanimously voted to approve the bonds, and a second and final reading is programmed for March 17th. Approximately $1 billion will cover projects that already started, and […]

As the concerns about the effect that the coronavirus will have on the global economy increases, mortgage rates have dropped to their lowest level in the history of Freddie Mac’s survey of mortgage lenders, which began in 1971. The Federal Reserve cut interest rates Tuesday in an emergency move, according to the Wall Street Journal. […]

Everything is going smoothly at Mr.C Coconut Grove as developers start to make progress with approvals and permitting for the project. The 20-story twin towers recently received the approval by the Federal Aviation Administration to built at a maximum height of 315 feet above the ground, or 328 feet above sea level. The developer has […]

The streaming giant Spotify has settled its lease on a 20,000 square foot office space in Miami’s ultra-desirable Wynwood enclave. The announcement was made by the developers of The Oasis, where the HQ will be anchored. The project is currently under construction and should be completed in late 2020. Visitors and employees will be able […]

J. Christopher Burch, the co-founder of the fashion label Tory Burch and the founder and CEO of Burch Creative Capital, will shortly call Miami home. That’s because he just bought a new residence in Miami Beach at 5050 N. Bay Road for $14.2 million. The 10,389 square-foot waterfront home has seven bedrooms, ten bathrooms, and […]

Eighty Seven Park, Italian architect Renzo Piano’s first residential building in the Western Hemisphere, is newly completed. Piano created the sleek, oval-shaped building in Miami Beach’s North Beach, intending to defy gravity.  “The building is made of 16 decks flying one above the other, floating above the beach and park. Those suspended decks catch the […]

The Sunshine State, one of the most loved destinations by tourists and travelers, whether for its beautiful beaches, incredible attractions, or its large amount of diversity among its people and businesses, has now beaten out Texas as the No. 1 moving destination in America, according to U-Haul.  “Florida has been showing signs of growth for […]

The first stage of Miami’s Underline, a 10-mile linear park, is set to in June, according to Meg Daly, the project creator. There will be five stages to the project, and Brickell is the first one. These phases will run from downtown Miami past Coral Gables (and the University of Miami) to South Miami. All five […]