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…

Step into a World of Design Ingenuity and Inspiration in Our New Website Project Pages… We’re thrilled to announce the arrival of three groundbreaking additions to our website’s architectural project pages. These latest unveilings mark our continued commitment to showcasing innovation, design excellence, and the convergence of artistry and functionality. Come explore these new milestones, pushing the boundaries of design and functionality while redefining the very essence of architecture. Miami World Tower II and III Nestled within the vibrant surroundings…

The 53-story Miami World Tower continues to make progress as it moves closer to completion, new photos by Phillip Pessar show. The tower topped off over the summer at 579 feet above ground, or 590 feet above sea level. Also over the summer, developer Lalezarian filed plans for three additional towers with another 2,043 multifamily residential units. Miami World Tower 1 is now among the tallest rental apartment buildings in the city. See and Read more at Source: The Next…