Swire is partnering with Colombian businessman Carlos Mattos to jointly develop the property at 650 South Miami Avenue, a spokesperson told The Real Deal. The developers are planning a residential project on the former Tobacco Road site. Mattos made his money with Hyundai Colombia Automotriz, a car import and distribution company he founded in his…
A 4-foot-high, 30-foot-long bench made of oolite stone will soon decorate Balboa Plaza in Coral Gables. The massive sculpture, called “A Midsummer Night’s Dream,†was commissioned by MG Developer, a company building three mid-rise luxury boutique townhouses near Balboa Plaza. Jenny Ducret, MG Developer’s chief operating officer, recently boasted that the installation will add value to…
Battle for the $1B Island Gardens project. For well over a decade, Turkish entrepreneur Mehmet Bayraktar has been on a seemingly quixotic quest to transform a barren patch of prime waterfront land in Miami into a billion-dollar ultraluxury resort with a supersized wharf accommodating the 1 percent’s titanic yachts. But the mixed-use project known as…
5775 Collins Ave. Miami Beach Condo Project Peres, founder of Multiplan Real Estate Asset Management, secured approval from the Miami Beach Design Review Board for the once-contentious project after modifying designs for the building at 5775 Collins Avenue to include public beach access and reduce the building’s width, according to a press release from the…