Related Group Breaks Ground on New Luxury, Mixed-Use Project In Miami
The project will feature 304 apartments, more than 18,000 square feet of retail, and 63,000 square feet of office space.
The project will feature 304 apartments, more than 18,000 square feet of retail, and 63,000 square feet of office space.
Tony Arellano of DWNTWN Realty Advisors represented both buyer and seller in the transaction.
Gordon Messinger and Randy Carballo with CBRE represented Banyan in all lease negotiations.
Benjamin H. Silver with CBRE will lead the marketing efforts on behalf of ownership.
The project consists of 188 rental apartments and 45,000 square feet of office space and retail space.
In the less than 24 hours since Bloomberg first reported the listing, investors from the U.S., Latin America, Europe, the United Arab Emirates and Canada have already expressed interest in acquiring the site.
The company is now occupying the entire 17th floor of the 1101 Brickell office property.
The New York-based luxury developer filed plans to redevelop the iconic Lincoln Road clocktower building, as well as to build a new boutique office building on the 12,000-square-foot lot located at 1665 and 1667 Washington Ave.
Gordon Messinger, an Executive Vice President with CBRE, represented the landlord in lease negotiations. Clay Sidner with Newmark represented the tenant.
Seasoned real estate veteran Scott Sherman has officially launched Torose Equities, a Miami-based real estate investment firm with a value-add urban retail, office and mixed-use strategy targeting the Southeastern United States.
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