It was a busy week in Miami real estate, as is so often the case. But if you weren’t able to keep up with everything, don’t worry; we’ve got you covered. Here’s what happened:
- Luxury condo now selling – The 321 at Water’s edge, located at 321 N. Birch Road in Fort Lauderdale, is now officially selling, and units are starting at $2 million, according to the South Florida Business Journal. The tower is set to have 23 units, which range in square footage from 2,600 to 3,800. The developer told the Business Journal the project is already 20 percent pre-sold. Builders expect to break ground later this year in the fall.
- Doral project nearing reality – The Miami Herald reported this week that the Doral City Council is near finalizing the Sanctuary Project, a mixed-use project in the area that would include “147 housing units with 29,400 square feet of retail space on seven acres.” After changing the Sanctuary Project’s land-use category from “office-residential” to “community mixed-use,” there is only a single remaining zoning item to be voted on. The City Council will decide the project’s fate on Aug. 23.
- Douglas Elliman appoints new… – Douglas Elliman will be handling sales for The Penthouse Residences at 1 Hotel & Homes South Beach, and the brokerage this week announced Carolina Rainer will be its director of Sales.
- ONE Sotheby’s Broward offices welcome three to the team – The ONE Sotheby’s International Realty this week announced the additions of Patricia and Ryan Lewis, a mother-daughter duo from Coldwell Banker, and Juan Carlos Zapata from Douglas Elliman. The agents will be joining ONE Sotheby’s Weston and Fort Lauderdale offices, respectively.
- New York developers buy big in Miami – Recently, Miami Beach rezoned Washington Avenue from Fifth Street to Lincoln Road, and now New York-developer Limestone Group has bought three contiguous buildings in hopes of capitalizing on the area, the Miami Herald reported. It is unclear what the company plans to do with its new properties, but plans include a new hotel.