Exciting News: Modera Riverside, a project crafted by Nichols Architects, has officially topped out as of last Friday, January 26th. Strategically positioned at the crossroads of Brickell, Downtown Miami, and the Miami River District, this residential tower comprises 428 apartments, spanning from studios to three-bedroom units distributed across 36 levels. A second tower, Nexus 1B, also designed by the Nichols team, will occupy the lot adjacent to the tower. It was approved last November on Miami’s UDRB and has already…

A construction permit application was filed for a second residential tower at downtown Miami’s Nexus Riverside complex, just as construction of the first tower neared top off. The second tower is known as Nexus Riverside 1B, and will include 345 apartments and 393 parking spaces in a 36-story tower. Nexus Riverside 1B received UDRB approval in November, and the height was submitted to the FAA in December. A utilities deal was completed in September. The first tower, Modera Riverside, is…

Hotel investment firm plans $100M renovation of the waterfront resort it developed in the early 2000s By Katherine Kallergis Brookfield Asset Management sold its majority stake in the Ritz-Carlton Key Biscayne back to Gencom, which now has full ownership of the waterfront resort. Karim Alibhai’s Gencom, a Miami-based hotel investment firm, had previously owned about one-third of the property at 455 Grand Bay Drive in Key Biscayne. Gencom sold two-thirds of the resort to Carey Watermark Investors in 2015 for…

National grocer acquired 98K sf ground-floor unit and underground garage By Francisco Alvarado Whole Foods Market bought its commercial space at downtown Miami’s Met3 for $21 million. The national grocer, a subsidiary of billionaire Jeff Bezos’ Amazon, acquired the 97,674-square-foot ground-floor commercial unit and underground garage in the 32-story mixed-use tower at 299 Southeast Third Avenue, records and Vizzda show. Met3, which also includes the 462-unit Monarc at Met apartment tower and a nine-story garage, was built by MDM Development…

Country’s Second-Largest Project of Its Kind Expands City’s Urban Center, with info on Nichols Architects projects – the Jewel Box, Miami World Towers I, II and III By Joshua S. Andino Miami Worldcenter has been a marathon of sprints, explains Nitin Motwani, one of the sprawling project’s creators. … Despite the challenges, Miami Worldcenter is inching toward completion. Starbucks announced plans in December to open in a more than 2,800-square-foot space at the Jewel Box, an 80,000-square-foot, lifestyle-driven retail space…