Pembroke Park
REAL ESTATE
Miami Penthouse Hits Market at $75 Million
A stunning Miami penthouse in the 54-unit Rivage Bal Harbour is listed at $75 million, one of the most expensive to hit the market. The Miami penthouse at 10245 Collins Ave. in Bal Harbour features five bedrooms, seven bathrooms and three powder rooms. The interior space measures 12,603 square feet, while the exterior covers 4,918 square feet, totaling 17,521 square feet. Unique features include a multi-level terrace, a private outdoor pool, a media room, a game room, a library/lounge, a fitness studio, an outdoor kitchen and a private elevator.
Real Estate Mogul Stephen Ross Steps Down: Related Companies CEO Announces Retiremen
Stephen Ross, the principal owner of the Miami Dolphins NFL team and the Hard Rock Stadium in Miami, is stepping down as the head of the real estate firm he founded Related Companies. The 84-year-old billionaire said he will now concentrate on working in the South Florida real estate market.
372-condo tower coming to Miami’s Overtown
PMG Residential, Lion Development Group and LNDMRK Development are building a 372-condominium tower in Miami’s Overtown neighborhood, One West Twelve Residences (ONE W12). Over half of the property’s units were sold in the first month of sales, which are being led by PMG Residential. Residences start at $300,000 and include fully furnished studio and one-bedroom units, plus a limited number of one-, two- and three-bedroom townhomes. Features include integrated kitchens with custom countertops, backsplashes and under-mount sinks; custom shades; Miele appliances; and Italkraft kitchen and bathroom cabinetry.
Quintessential Living: Bay Colony Estate
Immerse yourself in luxury at this magnificent point lot estate nestled in the prestigious guard-gated community of Bay Colony. This community caters to those looking for the ultimate in-family living with the utmost security. At this Bay Colony estate, boating enthusiasts will marvel over the 240 feet of waterfrontage with unobstructed ocean access to the turquoise waters of the Atlantic.
Margate Homeowners Face Property Tax Increase Despite Unchanged Millage Rate
Despite the mileage remaining the same, Margate homeowners with a homestead exemption can expect a three percent increase in property taxes. However, new residents will likely pay at least nine percent or more. According to city manager Cale Curtis, housing values have increased by an average of nine percent in...
Construction to Start on 14 Roc Condo in 2025 at 125 NE 14th St., Miami, FL
GFO Investments through affiliate 14th Street Miami Investments LLC has filed plans for a 32-story tower in Miami-Dade County. The 14 Roc condo would offer 283 fully furnished condos, ranging from 410 to 964 square feet each, according to the South Florida Business Journal. Per BRG International, floorplans span from...
UDRB to Review Plans for 39-Story Residential Tower at 2534 North Miami Avenue in Wynwood
Miami’s Urban Development Review Board has received an application for a 39-story multifamily residential tower at 2534 North Miami Avenue in Wynwood. The approximately 437-foot-tall building, proposed by 2534 N Miami Associates, LLC, an affiliate of New York-based Hidrock Properties led by Abraham J. Hidary, is designed by Arquitectonica and will feature landscape design by Gardner + Semler Landscape Architecture. The development aims to rise under the Live Local Act, featuring 364 residential units, 781 square feet of commercial space, and 326 parking spaces, yielding a total floor area of 436,934 square feet.
PROFILE Exclusive: 12 Questions With Developer of ELLE Residences Robert Thorne of UNCG
It is not every day that a globally renowned fashion and lifestyle media brand teams up with a Miami-based real estate developer to bring a world class luxury condo to the Magic City. Real estate developer Robert Thorne, CEO of Urban Network Capital Group (UNCG), recently teamed up with Elle, in partnership with Vertical Developments, to launch Elle Residences Miami, a luxury condo combining the brand’s signature Parisian influence with Miami’s vibrant culture. Robert has nearly 20 years of experience in the Florida real estate housing market in Florida, catering to demand for condo-hotels and flexible homeownership investments, with new construction properties in Brickell and Orlando. PROFILEmiami had the exclusive opportunity to sit down with Robert Thorne, CEO of Urban Network Capital Group (UNCG) and developer of Elle Residences Miami to delve into his background, his philosophy on development, and the exciting projects he is currently working on in Florida:
Developer Group Given Go-Ahead for N. Miami 11-Story Apartments/Retail
NOMI Holdings Group 2 LLC has been granted North Miami’s approval to build an 11-story, 103-foot tall tower with 90 one-bedroom apartments, 150 two-bedroom apartments, about 22,000 square feet of retail space, 339 parking spaces, and about 11,000 square feet of green space. The mixed-use project, called Urbania NoMi...
39-Story Tower Wynwood Tower Approved
Hidrock Properties and Robert Finvarb Cos. plan to build a 39-story tower on the 0.55-acre site at 2534 N. Miami Ave. The group bought the site for $13 million, which currently has a two-story commercial building. The 39-story tower, totaling 436,934 square feet, would have 336 apartments, 7,781 square feet...
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