According to Miami Property Management, Fortune International Group and Château Group has broken ground on a new project at Collins Avenue. The ground breaking of the 52-story Ritz-Carlton residential tower was attended by Sunny Isles Beach Mayor George Scholl, Commissioner Jennifer Levin, Commissioner Dana Goldman, Commissioner Sergio Grosskopf of Château Group and lastly by Jeff Gouveia, the president...
Florida property management reported that 1 Hotel South Beach is being marketed for sale. 1 Hotel is a LEED-certified hotel and development which opened last year at 2341 Collins Avenue. The hotel was part of a joint venture between Sternlicht’s Starwood Capital Group and LeFrak. The 426 keys hotel includes 3 Tom Colicchio-branded restaurants, four outdoor swimming pools, a gym and a spa. There are...
South Florida home prices continue to appreciate in both Broward and Miami-Dade counties. In Miami- Dade, the average sales price for existing single-family homes for this April is $285,000. It is 9.5% more expensive compared to April 2015. The average price for single-family homes for April 2015 was $260,000. Miami property management stated that although there is an increase of new condo units on...
Taxable properties in Palm Beach has increased for five successive years. This level of increase had not been seen since the pinnacle of the housing boom. The tax increase indicates that the market value of homes have increased. Higher taxes could also mean that the government will have a better budget. For 2016, Florida property management announced that the Palm Beach’s tax increased by 7.9%...
South Florida local restaurant Tap 42, just sealed the S4.5 million EB-5 loan last week. Tapco Restaurant Group, which owns Tap 43 Craft Beer Bar & Kitchen has stores in Boca Raton, Fort Lauderdale and will open Coral Gables gastropub at 301 Giralda Avenue. Roger Bernstein, the co-founder of a South Florida based regional EB-5 center called American Life Investments is responsible for financing...
