News

Electra America and BH Group plan to tear down a big box store on an outparcel of Cutler Bay’s Southland Mall later this year, after the current tenant, Ross Dress For Less, moves into a space in the indoor shopping center.  The move will jumpstart the first phase of the joint venture’s $1 billion makeover The post Major developers are converting South Florida malls into mixed-use projects appeared first on The Real Deal.

Haimov Group is listing a Miami Gardens development site for $24.5 million, after abandoning plans for a $200 million mixed-use project. Miami Beach-based Haimov, led by Igal and Aaron Haimov, is looking to sell a 3.6-acre vacant property at 17300 Northwest Seventh Avenue Road, a listing obtained by The Real Deal shows.  Jamie Rose Maniscalo The post Haimov lists Miami Gardens site for $25M, abandoning development plans appeared first on The Real Deal.

South Miami-based Estate Companies advanced its ongoing expansion into Broward County, winning site plan approval in Davie for a 353-unit apartment building with an affordable housing component. The Davie Town Council last week approved the site plan for Soleste Reserve I, as well as a developer agreement with Estate that mandates deed restrictions requiring below-market The post Estate wins approval to build 353 apartments in Davie, including affordable housing appeared first on The Real Deal.

Redzone founder Mark Sutcliffe flipped a Fisher Island condo at a loss after paying a record $21 million for it a year ago.  Records show Sutcliffe and his wife, Siobhan Sutcliffe, sold unit 7954 at 7954 Fisher Island Drive to Matt and Joy Coit for $19.3 million, $1.7 million less than they paid in March The post Redzone founder flips Fisher Island condo at a loss for $19M appeared first on The Real Deal.

As questions swirl about the future of Michael Stern’s Brooklyn supertall, the developer appears to be all in on Miami.  Stern’s JDS Development Group paid $61.2 million for the half-acre site at 888 Brickell Avenue, where the firm plans a Dolce & Gabbana-branded condo-hotel tower, property records show. A company tied to Grupo Mezerhane, led The post Michael Stern pays $61M for Brickell site of Dolce & Gabbana supertall appeared first on The Real Deal.