Hotel refi boosts MG Developer’s multifamily project as it diversifies
Arilio Torrealba’s MG Developer wants to build apartments around its hotel near the Miami International Airport just as South Florida’s multifamily sector is cooling off. Coral Gables-based MG plans to turn the 3.8-acre site of the Regency Miami Airport by Sonesta, at 1000 Northwest 42nd Avenue, into a mixed-use development. Miami’s Urban Development Review Board is expected to vote on the plans Wednesday. The firm is seeking approval for five- and six-story apartment buildings adjacent to the 176-room hotel, a site plan filed with the city of Miami shows. Designed by Coral Gables-based Behar Font & Partners, Regency Parc & […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
How VantageScore 4.0 is expanding opportunity in wholesale lending
The mortgage industry’s AI problem is not what you think it is
‘Magical’ New York A-Frame With Secret Gardens and ‘Breathtaking’ Walls of Glass Is Listed for $1.7 Million
The Orchard House: This Seven Bedroom Montana Home Feels Like Summer In France
South Florida Dirt: Opposition mounts to Florida’s proposed property tax amendment
16-Acre Ultimate ‘Glamping’ House Tucked Between the Berkshires and Catskills Lists for $4.6 Million
Outer Banks Beach Cottage That Has Been ‘Lifted Out of Flood Zone’ Is Listed for Under $350K
Miami’s Hottest New Luxury Neighborhood Banks on Walkability and Retail, Not Beaches
How the Shotgun Home Went From Affordable Southern Staple to an Endangered Design Gem
Inventory edges slightly higher year over year as rates rise
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131