Affiliated Development wants to redevelop an industrial/office site in Fort Lauderdale’s Croissant Park neighborhood into apartments.
Andrews Apartments LLC, part of the local developer, has the 2.7-acre site at 2125 S. Andrews Ave. under contract from 4451 Associates, 3921 Associates, 2107 Associates and the Joan D. Lafferty Trust.
The Era apartments would have 330 market-rate apartments, 70 workforce housing apartments, 2,453 square feet of commercial space and 564 parking spaces in eight stories. Amenities would include a pool, a pickleball court, a rooftop observation deck, a coworking space, a fire pit, a pub room with beverage lockers and game, and a fitness room with a yoga studio and sauna.
Atlantic Pacific Cos. seeks deal
Atlantic Pacific Cos. has proposed a deal to build affordable housing on property owned by Miami-Dade County in the Perrine neighborhood.
The developer has proposed a land lease and development deal for the 3.2-acre site at 10060 W. Evergreen St., which currently has 28 public housing units.
The site plan calls for affordable 270 apartments, 2,700 square feet of retail and 160 parking spaces, mostly in a parking garage.
Urbanica revises hotel plan
Urbanica has revised plans for an oceanfront hotel in Miami Beach.
The developer, through affiliate BTL Investments LLC, would build the hotel on the 1-acre site at 6747 Collins Ave. The original plan was for 209 rooms in 11 stories, but now it has proposed 160 rooms in 16 stories. It would also have 116 parking spaces, 5,314 square feet of restaurants, a pool/bar deck and a gym.
Dumervil boosts project density
Prestige Cityview III, led by former NFL player turned real estate investor Elvis Dumervil, has boosted the density of its project planned near North Miami.
The latest proposal for the 3.8-acre property at 12050 N.E. 14th Ave. calls for 88 apartments, 14,000 square feet of commercial space and 839 parking spaces. There would be towers of 14 and 15 stories, each with a pool deck and indoor amenity space.
Meanwhile, the developer has proposed an additional 585 apartments and 20,800 square feet of commercial space directly north of this site, on land within the boundaries of North Miami.
Apartments slated for Hollywood
DTD 190 LLC has proposed a $15 million apartment complex in Hollywood.
The developer would replace a home and small apartment complex on the 41,000-square-foot property at 2231 Fillmore St. The four-story building would total 69,088 square feet, with 63 apartments and 98 parking spaces. There would be a rooftop amenity deck with a pool, walking paths and barbecue stations.
Terra to buy former Miami Herald site
Genting Group will sell the former Miami Herald site along Biscayne Bay in Miami for $1.225 billion.
SmartCity Miami LLC, led by David Martin as CEO of Miami-based developer Terra, has an agreement to acquire the property, and the deal is expected to close later this year. This would mark one of the highest prices paid for real estate in South Florida and a massive redevelopment opportunity for Terra, an experienced developer of mixed-use projects in the region.
“This is a prized piece of real estate in the heart of one of the world’s most dynamic and fastest-growing cities, and we are honored to have been selected as the property’s next owner,” Martin said. “At Terra, we have a long history of enhancing communities and transforming neighborhoods through careful planning, beautiful design, and a focus on connectivity and resiliency. Our development on Biscayne Bay will continue this tradition.”
The deal was brokered by Avison Young’s Michael T. Fay, John K. Crotty, David Duckworth and Brian de la Fé, who listed the 15.5-acre site, at 1431 N. Bayshore Drive, for $1 billion in November. Suzanne Amaducci at Bilzin Sumberg also represented Genting. The buyer worked with Ricardo Fraga of Greenberg Traurig and Laura Gangemi of Gangemi Law Group.
Genting, through affiliate Resorts World Miami, acquired the property for $236 million in 2011 from McClatchy Co., the parent company of the Miami Herald. It had proposed building a massive gambling resort; however, its efforts to convince Florida lawmakers to allow gambling there fell short.
The company demolished the former Herald building and held many events there, but no major construction took place.
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