Ytech Secures $19.5 Million Predevelopment Loan for Ultra-Luxury Brickell Project
In a major step forward for Miami’s Brickell neighborhood, Ytech has announced the securing of a $19.5 million predevelopment loan from Israel Discount Bank. The financing will facilitate the development of a new ultra-luxury condominium complex on two prime parcels located at 41 and 75 Southwest 15th Road, collectively referred to as 41 and 75 Broadway. The combined 0.3-acre site sits just two blocks west of Brickell Avenue and directly across from Mast Capital’s Cipriani-branded luxury condo development.
Demolition of the existing structures, which include a single-story multifamily building and a two-story office building dating back to the late 1940s and 1950s, is currently underway. Ytech, led by CEO Yamal Yidios, had assembled the parcels between 2018 and 2020 for a total of $8.2 million, according to property records.
“With the predevelopment loan secured and demolition underway, we are setting the stage for a transformative development at the Broadway assemblage, located at 41 and 75 Broadway. These milestones, along with the recent groundbreaking of The Residences at 1428 Brickell, exemplify Ytech’s commitment to delivering the most exceptional developments in Brickell,” said Yidios in a statement.
This announcement follows closely on the heels of Ytech’s groundbreaking ceremony last month for The Residences at 1428 Brickell, a 70-story luxury condominium tower that integrates solar energy into its design. Earlier this year, Ytech also secured $78 million to refinance its acquisition loan for the 1.1-acre site at 1428 Brickell Avenue, underscoring its ongoing investment in the rapidly evolving Brickell corridor.
While specific details of the new project at 41 and 75 Broadway remain under wraps, the secured predevelopment financing and progress in demolition suggest significant momentum for Ytech as it continues to expand its luxury residential portfolio in one of Miami’s most coveted neighborhoods.
Rilea Group and Ciprés Set Record with $1.19 Million Retail Space Sale at The Rider Residences
In a remarkable transaction, Miami developers Rilea Group and Ciprés have sold a 702-square-foot retail space at The Rider Residences for $1.19 million. Located at 94 NE 29th Street, where Midtown meets Wynwood, the retail space commanded an impressive $1,700 per square foot, setting a new benchmark for the area, according to CoStar. The buyer, Sunkan LLC, secured this prime location ahead of The Rider’s groundbreaking, slated for early 2025, with completion expected in late 2026.
Representing the developers in the sale were Andres Andrade and Jake Lecce of Cervera Real Estate, The Rider’s exclusive sales team. Ivana Trachter of EXP Realty represented the buyer in this record-setting deal.
Diego Ojeda, President of Rilea Group and Owner of Ciprés, highlighted the significance of this sale: “This sale is more than a milestone for us; it represents a pivotal moment for Wynwood. Being part of the Wynwood Business Improvement District allows us to contribute to the neighborhood’s dynamic evolution. We’re thrilled to see The Rider attracting innovative investors and businesses.”
Sunkan LLC’s Alejandro Kacheroff, the visionary behind OPTIUSA, a luxury eyewear brand, and Wynwood’s Michelin-recognized Ossobuco restaurant, also expressed his enthusiasm:
“Wynwood is a hub of creativity and culture, the perfect location for OPTIUSA’s expansion. This isn’t just about growing our brand—it’s about embedding ourselves in a vibrant community that values quality and innovation.”
A New Standard of Design and Connectivity
The Rider Residences, designed by Miami’s Deforma Studio with interiors by RADYCA, will offer fully furnished turn-key residences. The units, ranging from 386 to 1,612 square feet, include studios, 1-, 2-, and 3-bedroom options, with select layouts featuring dens and half baths. Prices start at $400,000 and extend to $1.8 million, catering to a diverse array of buyers.
Adding to its appeal, The Rider will be just one block from Wynwood’s upcoming high-speed rail station on 27th Street. This transportation hub promises car-free access to popular destinations, including Aventura, Fort Lauderdale, Boca Raton, and Orlando, ensuring unparalleled connectivity.
A Visionary Collaboration
The Rider is a joint venture between Rilea Group and Ciprés, the latter a burgeoning real estate firm led by Rilea Group’s Diego Ojeda. With a commitment to refined elegance and innovation, the partnership aims to redefine luxury living in South Florida. Ciprés is also spearheading a 324-unit multifamily project in Port St. Lucie, further diversifying its portfolio.
Rilea Group’s influence extends next door with Mohawk at Wynwood, a 12-story multifamily development offering 300 units and 31,000 square feet of retail space. Together, these projects solidify the developers’ impact on Wynwood’s urban landscape.
The sale of this retail space is a testament to Wynwood’s continued growth and The Rider’s potential to shape the neighborhood’s future. With innovative design, strategic location, and a vision for community integration, The Rider Residences are set to become a defining feature of Miami’s luxury real estate scene.
FAA Clears the Way for Aman Miami Beach Residences: A New Icon of Luxury and Heritage in the Faena District
OKO Group and Access Industries have received crucial Federal Aviation Administration (FAA) approvals for the Aman Miami Beach Residences, an exclusive residential and hotel project at 3425 Collins Avenue. The FAA has issued two height clearances, ensuring the project aligns with airspace regulations while setting new standards for luxury living in the Miami Beach skyline. The primary clearance authorizes a maximum height of 252 feet above ground level (255 feet above mean sea level) at the building’s highest point. A secondary clearance applies to a segment closer to Miami International Airport’s (MIA) runway, capping its height at 227 feet above ground or 230 feet above sea level. These approvals, effective until April 2026, mark an essential milestone in the project’s progression.
Aman Miami Beach Residences will seamlessly blend luxury accommodations and private residences within the renowned Faena District, introducing a new residential tower with 23 private units alongside the preserved Versailles Hotel, which will host 56 Aman-branded hotel rooms. Designed by world-renowned Japanese architect Kengo Kuma, the structure epitomizes minimalist elegance with a unique synthesis of angular lines, soft forms, and Japanese-inspired materials that honor Miami Beach’s Art Deco heritage. Kuma’s vision allows for fluid transitions between indoor and outdoor spaces, creating a visually stunning building that harmonizes with the landscape.
The project team features Revuelta Architecture International and RJ Heisenbottle Architects, while Suffolk Construction serves as the general contractor. Together, they are embracing Miami Beach’s growing trend of adaptive reuse, rejuvenating historic structures with contemporary architectural techniques. This approach is embodied in the Versailles Hotel’s restoration, a 1940s architectural gem that now offers a blend of historical charm and modern luxury in the Faena District.
While the exact construction timeline remains to be finalized, industry sources, including YIMBY, predict groundbreaking early next year, with completion expected around mid-2027. The Aman Miami Beach Residences promise to bring a refined architectural presence to the area and further elevate Miami Beach as a destination for high-end residential and hospitality experiences, cementing its status in the global luxury real estate market.
New Edgewater Tower Receives FAA Approval for 637-Foot Height
Edgewater, one of Miami’s most rapidly developing neighborhoods, is set to welcome a striking new addition to its skyline. The Federal Aviation Administration (FAA) has officially given the green light for the height of a new tower planned for the area. According to a determination letter dated August 19th, the FAA has approved the tower to rise to an impressive 637 feet above ground level, or 641 feet above sea level.
The letter was sent to Meridian TC Real Estate Group LLC, the company responsible for overseeing the project. The approved height paves the way for the construction of Edge House Miami, a luxury condominium building that will also allow for short-term rentals—a feature that is increasingly popular in the Miami real estate market.
Edge House Miami is set to be a 57-story architectural marvel, with a design crafted by the renowned architect Kobi Karp. Known for his innovative and contemporary designs, is expected to bring a modern aesthetic to Edge House Miami, further enhancing Edgewater’s reputation as a hub for luxury living.
The developer behind this ambitious project is Peru’s Grupo T&C, a company with a growing portfolio of high-end developments. Their decision to invest in Edgewater reflects the area’s burgeoning appeal, particularly among those seeking upscale residential options with flexible rental opportunities.
As Edge House Miami begins to take shape, it promises to be a significant landmark in Edgewater, contributing to the neighborhood’s evolving identity as one of Miami’s premier residential districts. The project’s approval by the FAA marks a crucial step forward, setting the stage for what will undoubtedly be one of Edgewater’s most anticipated developments.
Brickell’s Dolce&Gabbana Tower to Fund Transportation Upgrades
In a significant development for Miami’s Brickell neighborhood, the developer behind the highly anticipated 90-story 888 Brickell by Dolce & Gabbana supertall condo tower has reached an agreement to fund crucial transit and transportation upgrades in the area. This agreement is a pivotal step in the ongoing review process as the project progresses under Miami-Dade’s Rapid Transit zoning plan.
The Dolce&Gabbana tower, a striking addition to the Miami skyline, is currently under scrutiny by Miami-Dade’s review process, which falls under the Rapid Transit zoning plan. This zoning plan is designed to ensure that new developments contribute to the public good, particularly in areas like transportation and transit infrastructure. The approval of developments within this zone is often contingent upon providing significant public benefits, which in this case, includes a substantial financial commitment from the developers.
On August 13th, a Declaration of Restrictions was officially recorded with Miami-Dade County, outlining the public benefits that will accompany the approval of the Dolce&Gabbana tower. One of the key components of this declaration is a commitment to a $1.5 million contribution from the developer. This one-time payment will be allocated to a series of much-needed upgrades and improvements in the Brickell area.
Traffic Signal Installation: A new traffic signal will be installed at the intersection of South Miami Avenue and SW 10 Street. This upgrade is expected to enhance safety and traffic flow in one of Brickell’s busiest areas.
Metromover Station Enhancements: The Tenth Street Metromover Station and its surrounding vicinity will receive repairs and upgrades. These improvements will include updates to mechanical systems, restrooms, painting, signage, accessibility features, streetscape improvements, and wayfinding support.
Additional Commitments: The $1.5 million contribution will be in addition to any permitting or impact fees that are already due to the County as part of the development process. However, if the County Director determines that any portion of the contribution is duplicative of impact fees, the developer may be eligible for an offset equivalent to the value of those fees.
The agreement was signed by Michael Stern, representing the developing entity. This commitment to improving the infrastructure around the Dolce&Gabbana tower underscores the developer’s dedication to enhancing the community and addressing the needs of Brickell’s growing population.
As the 888 Brickell by Dolce&Gabbana supertall condo tower moves closer to realization, this agreement marks a significant milestone in ensuring that the development not only adds luxury and architectural grandeur to Miami’s skyline but also contributes meaningfully to the city’s infrastructure. The upcoming transit and transportation upgrades funded by the developer will play a vital role in supporting the continued growth and vibrancy of the Brickell neighborhood.
The Future of Inter Miami: Miami Freedom Park
As the anticipation builds for the 2026 MLS season, soccer fans in Miami have a lot to look forward to with the upcoming opening of Miami Freedom Park, the new home of Inter Miami CF. While the stadium is still under construction, the project received a significant boost from the State of Florida, further solidifying its importance to the local community and beyond.
Governor Ron DeSantis made headlines recently with an announcement at Inter Miami’s temporary home, Chase Stadium in Fort Lauderdale. The governor revealed that the State of Florida would be granting $8 million to Miami-Dade County to support infrastructure improvements around the new stadium site. This funding is earmarked specifically for constructing roadways that will alleviate traffic congestion, an essential consideration given the stadium’s proximity to Miami International Airport.
The governor’s remarks highlight the state’s strategic approach to supporting large-scale projects like Miami Freedom Park. While direct funding for the stadium’s construction isn’t on the table, the investment in infrastructure underscores the state’s commitment to ensuring the success of such ventures.
Miami Freedom Park isn’t just about soccer; it’s a vision for a multifaceted community space that includes a 26,700-seat stadium, a 58-acre park, hotels, offices, retail, and entertainment venues. Inter Miami managing owner Jorge Mas emphasized this broader vision during the announcement, calling the project “transformational” for Miami.
The project is set to create over 13,000 direct and indirect jobs and generate more than $40 million in tax revenue for state and local governments. In addition to the stadium, the project promises to deliver the largest park in the City of Miami, offering a significant recreational space for residents.
The journey to Miami Freedom Park has been a long and challenging one for the Mas brothers and co-owner David Beckham. After years of political hurdles and delays, the City of Miami finally approved the $1 billion project in April 2022. The stadium is being built on the site of the former Melreese Golf Course, a location that will soon transform into a vibrant hub for sports and entertainment.
Inter Miami CF has already made waves in the soccer world, especially with the signing of Argentine superstar Lionel Messi. The arrival of Messi, along with other top talents like Sergio Busquets and Jordi Alba, has catapulted the team into the global spotlight, raising expectations for what lies ahead.
Governor DeSantis acknowledged the impact of these signings, noting, “What we’ve seen in soccer in South Florida has been incredible, especially when they brought Messi on. That was like the biggest thing ever, having a global superstar like that right here is a really big deal for our community.”
As Miami Freedom Park nears completion, the excitement continues to build. With its opening scheduled for the 2026 MLS season, the stadium will not only serve as the new home for Inter Miami but also as a key venue for the 2026 World Cup, which the United States will co-host. The future looks bright for soccer in Miami, and Miami Freedom Park is set to be at the heart of it all, driving both the sport and the local economy to new heights.
Foundation Pour Completed for Mercedes Benz Places Miami
The foundation pour for the impressive 67-story Mercedes Benz Places Miami has been successfully completed, as announced by the developer on their social media account. This significant achievement sets the stage for the vertical construction, which is scheduled to commence in July.
The foundation pour took place in the last week, involving a colossal effort with over 10,000 cubic yards of concrete being transported to the site. This marks one of the largest concrete pours in the region, highlighting the scale and ambition of the project.
Mercedes Benz Places is not just another building; it is one of the largest developments currently under construction in Florida. The project spans an impressive 2.5 million square feet, making it a significant addition to the state’s skyline.
Upon completion, Mercedes Benz Places will feature 791 residential units, providing luxurious living spaces in the heart of the city. In addition to the residential units, the development will include office spaces, a hotel, retail outlets, and various amenity spaces, offering a comprehensive and vibrant community for its residents and visitors.
With the foundation pour now completed, all eyes are on the upcoming vertical construction phase set to begin in July. As the tower begins to rise, it will not only transform the skyline but also set new standards for mixed-use developments in the region.
Boasting 791 residences ranging from studios to three-bedroom condominiums, each unit offers panoramic views of Miami, Biscayne Bay, and the Atlantic Ocean. Beyond its residential offerings, the tower will feature 130,000 square feet of amenities and hospitality space, 200,000 square feet of office space, a 174-key hotel, retail outlets, and ample on-site parking.
What sets Mercedes-Benz Places apart is its commitment to innovation and sustainability. The project incorporates cutting-edge mobility solutions, including EV charging stations, valet parking, and bike-sharing programs, ensuring residents embrace a seamless urban lifestyle. Moreover, sustainability lies at the core of its design, with initiatives such as energy-efficient production and water conservation contributing to a greener, more eco-conscious community.
Breaking Ground: The HueHub Revolutionizing Miami-Dade’s Landscape
Miami-Dade County is on the brink of a transformative urban development, as plans for a groundbreaking project, The HueHub, have been submitted to local authorities. Named after its vibrant vision and its potential to become a central hub for the community, The HueHub, also known as Holland Park, promises to redefine the Miami skyline and enhance the local lifestyle experience.
The HueHub is set to be a sprawling urban oasis, seamlessly integrating residential, retail, and recreational spaces. With 3,233 residential units, 57,260 square feet of retail space, and a whopping 4,249 parking spaces, this project isn’t just large in scale; it’s a testament to the evolving needs and aspirations of Miami-Dade’s residents.
Designed by the renowned architectural firm Arquitectonica, The HueHub promises to be a striking addition to Miami’s architectural tapestry. Multiple towers will punctuate the skyline, with the tallest soaring an impressive 37 stories high. This ambitious design is set to breathe new life into the area, replacing existing one-story buildings with a dynamic, multi-dimensional urban landscape.
Behind The HueHub stands the 27th Ave Hollandpark Ecoresidences LLC, a developer with a bold vision for Miami’s future. Their commitment to innovation and sustainability is evident in the project’s name, highlighting their dedication to creating eco-friendly living spaces that seamlessly integrate with the surrounding environment.
One of the most exciting aspects of The HueHub is its strategic location within Miami-Dade County. With the North Corridor Metrorail extension along NW 27th Avenue in the pipeline, The HueHub is poised to become even more accessible to residents and visitors alike. A proposed station at 83rd Street, mere steps from the development site, will further enhance connectivity, making it easier than ever to explore everything Miami-Dade has to offer.
As plans for The HueHub continue to unfold, anticipation is building within the Miami-Dade community. This ambitious project has the potential to not only reshape the local skyline but also to create a vibrant, thriving community where residents can live, work, and play.
Sales Launch for Domus Brickell Park Miami
We are thrilled to announce the launch of sales for Domus Brickell Park, the latest milestone in luxury condominium development brought to you by North Development—a joint venture between Miami developer Ricardo Dunin’s Oak Capital and Peru’s Edifica. This exciting project marks the second condominium under the Domus brand and showcases the unique FLATS concept (Flexible Apartments for Temporary Stays), designed to revolutionize urban living.
Situated in the heart of Miami’s prestigious Brickell financial corridor, Domus Brickell Park will rise 35 stories high, featuring 579 meticulously designed units. This prime location at 1034 SW 2nd Avenue places residents at the epicenter of vibrant city life, surrounded by major banks, corporate headquarters, trendy restaurants, shopping centers, and recreational venues.
Domus Brickell Park promises an exceptional living experience with an array of world-class amenities:
The Cypress Room: A luxurious 4,000-square-foot gathering space featuring a café, wine bar, and artisanal market with gourmet fare.
High-Touch Services: 24-hour concierge, valet attendants, and a dedicated customer service line.
Wellness and Recreation: A seventh-floor gym with an outdoor terrace, rooftop yoga deck, rooftop bar, pool, sky deck, cabanas with day beds, hot tub, and a lush garden lounge.
Technology and Convenience: The Domus FLATS App for seamless check-ins, room and elevator access, and more.
The FLATS concept, coined by Ricardo Dunin, is garnering praise for its innovative approach to short-term rental-friendly offerings, rooted in high-end hospitality. Domus Management, a bespoke management company created by Dunin, ensures that each property adheres to top-tier brand standards, providing a comprehensive, customer-centric experience.
The design team for Domus Brickell Park includes Studio Mc+G Architecture, known for their work on the iconic Delano South Beach hotel, and Urban Robot Associates, specialists in urban design, interiors, and landscape architecture. The building is a wellness-focused ‘green’ structure featuring ultraviolet (UV) water purification, air filtration systems, and EV charging stations.
Residents of Domus Brickell Park will enjoy unparalleled access to transportation, with the Brickell Metromover station just one block away. This connection links to the Miami Metrorail and the Brightline high-speed train, making travel to Orlando a breeze. The building’s location also offers stunning high-floor views of the cityscape and Biscayne Bay, and proximity to Southside Park, multiple greenspaces, and The Underline—a 10-mile linear park with numerous amenities.
Starting from the low $500,000’s to $1.5 million, Domus Brickell Park offers studio, one-, and two-bedroom FLATS featuring nine-foot ceilings, private balconies, keyless entry smart lock systems, premium appliances, and in-unit washers and dryers. This competitively priced property is poised to be a standout in the Brickell market.
Domus Brickell Park is slated for completion at the end of 2027, promising to be a landmark of luxury and innovation in Miami.
