The Miami Beach City Commission’s Finance Committee agreed on a new plan for redeveloping the Old South Shore Hospital. RE Miami Beach reported the committee and stakeholders agreed on plans for a 44-story tower on the site of the former hospital. The meeting originally began with proposals of a 42-story building and a 2.3 acre city-owned park. Besides changing the building height, stakeholders and the finance committee also agreed on changing the size of the city-owned park to 3.2 acres of land.

In other real estate news:

• Compass Florida announced its expansion to Fort Lauderdale in an Aug. 8 press release. The new location will open on Las Olas Blvd. The company also introduced Giancarlo Cuffia, formerly of Engel & Völkers, as the director of luxury sales. Cuffia will work alongside Ana Cuffia and lead a team of 20 associates to serve buyers in the Fort Lauderdale luxury market. The new office is expected to be completed by the end of August.
• BGI Capital joined the Greater Miami Chamber of Commerce and celebrated the company’s expansion and success with its clients. In the Miami Community Newspaper, the company attributed its success to the personalized service and attention to clients. “We personally engage with our clients to understand their vision and goals so we can structure the perfect financing solutions. We really invest time in our clients to ensure their investments and ventures are successful and the process is smooth and seamless,” said BGI Capital managing partner, Robert M. Barthelmess.
• Metro 1 announced Richard Edwards as the company’s new executive vice president and managing director for the North Miami-Dade and Broward County markets. Edwards previously served as the owner and president of Edwards Realty Services. In his new role at Metro 1, Edwards will continue the company’s expansion into markets outside of Miami’s urban areas. “My close client relationships and industry knowledge, combined with Metro 1’s stellar in-house marketing and research teams, will allow us to provide a better, more complete service to our clients as well as identify and close deals, which would have been out of reach otherwise,” said Edwards in a press release.