According to the Commercial Observer, The Reuben brothers are set to expand their South Florida real estate portfolio with the W South Beach hotel in Miami Beach. The British real estate moguls are in advanced talks to buy a majority stake in the luxury hotel, according to a source with knowledge of the negotiations. The recap deal — which has yet to close — would value the oceanfront property at over $400 million. The property was a collaboration between design architect Costas Kondylis and…

To restore the 100-year-old structure will cost $29 million paid for with proceeds from the sale of 70 condos in twin 18-story towers built behind it. By Andrew Warfield Historic preservation isn’t for the faint of heart, especially for those paying for it. Having been denied permission to demolish the Mira Mar building at 49 S. Palm Ave. in 2022, Seaward Development still purchased the century-old building in 2023 as it set about an 18-month effort to determine how it could…

A recent wave of large hotel deals focuses on ‘irreplaceable’ properties, according to a new article by CoStar. Zach Demuth, global head of hotels research at JLL‘s hotels and hospitality group, reports there’s increased investor interest in luxury and other iconic assets. JLL’s latest research found eight hotel deals valued at more than $200 million this year, with Nichols Architects-designed Ritz-Carlton Key Biscayne among them. “Luxury hotels continue to perform exceptionally well,” he said. Each of the $200-million-plus deals on the…

It’s still only a teaser, but the South Florida Business Journal and Florida YIMBY have both picked up the news that The Related Group and BH Group are planning a new building in Pompano Beach. The project is led by Nichols Architects in collaboration with KORA, and while the official announcement is yet to be made, the city’s Development Review Committee has received and revised plans for the project on August 7th.  This is the second collaboration between Nichols Architects, KORA…

Igor Reyes, from Nichols Architects was featured on this month’s edition of the GLOBAL MIAMI MAGAZINE, sharing insights about partnerships our team has engaged with Starchitects. On this type of project, our team serves as design consultants and executive architects, providing insights into local code requirements, and making sure the design intent is followed through during construction. The result are stunning buildings with a signature that are not only beautiful but build to last through hurricanes, floods and the scorching…