A trio of developers acquired a 1.5-acre development site in Overtown where Nichols Architects had designed Workforce Housing. Property Markets Group, Lion Development Group and Lndmrk Development paid $16.5M for 105 NW 11th Terrace in Overtown between Downtown Miami and Wynwood. Overtown is a historically Black neighborhood that was segregated after its founding in 1896. It has struggled to attract investment but has begun to draw interest from developers in recent years. The former owner and Nichols Architects won approval for plans for the site in March 2023 that included…

A trio of Miami-based developers purchased the development site where Nichols Architects designed “Block 19”. RNG Overtown LLC, managed by Mitchell Newman in Morganville, New Jersey, sold 1.5 acres at 105 to 113 N.W. 11th Terrace plus 1129 to 1159 N.W. First Court, also known as “Block 19.” The buyers were Lion Development, led by Michael Simkins; Property Markets Group, led by Ryan Shear; and Lndmrk Development, led by Alex Karakhanian. In early 2023, RNG Overtown filed plans for a 25-story…

Super Bowl organizers booked $1 million worth of rooms for National Football League players at two pricey Miami hotels, both designed by local architects, NBWW. By Douglas Hanks and Aaron Leibowitz Miami’s Super Bowl Host Committee recently sent invoices totaling $1 million to the county’s budget office from the J.W. Marriott Marquis hotel downtown and Aventura’s Turnberry resort to cover an NFL requirement for subsidized rooms provided to players earning millions for teams owned by billionaires. Miami-Dade’s budget director said…

We have some exciting news to share… Nichols Brosch Wurst Wolfe & Associates – NBWW – made some “big moves” in the new year. We are thrilled to announce the following “big moves” within the Coral Gables architecture and planning firm. Igor Reyes has been named President of NBWW. In this exciting move, the firm solidifies its stellar reputation in the architecture and planning industry, while expanding its involvement as a leader in cutting-edge design strategies and construction technologies. Igor…

Jeffrey Soffer closed on a $1.175 billion refinancing of the Fontainebleau Miami Beach, marking the latest restructuring of debt for the beachfront resort. By Katherine Kallergis Jeffrey Soffer closed on a $1.175 billion refinancing of the Fontainebleau Miami Beach, marking the latest restructuring of debt for the beachfront resort. … The Soffer family-led Turnberry Associates paid $325 million for the Fontainebleau Miami Beach in 2005 and paid another $15 million for a nearby lot where an expansion is planned. Turnberry…