All Aboard Brightline has extended its service to MiamiCentral with a new station elevated 50 feet above street-level. Miami’s station along with two other stations were designed by Skidmore, Owings & Merrill (SOM) with the intention to “create new districts in these cities,” Olin McKenzie, director of SOM, told Building Design and Construction. With an estimated cost of $3 billion, this project rises above nearby retail space and is expected to generate $6 billion in new investments. In the future, All Aboard Brightline looks to extend their service to Orlando.
- National Realty Investment Advisors secures a $16.5 million loan from Trez Foreman to build 14 townhomes in Boynton Beach. These three story townhomes will have pools, rooftop decks and two-car garages.
- Atop the new Regalia luxury tower is a $36 million triplex penthouse that has yet to be sold. With 10,700 square feet of indoor space and 7,000 square feet of outdoor space, the six-bedroom penthouse has a 360-degree terrace with a private pool, lacquer Falma Italia closets, large plank Nikzad wood flooring, stone wet bars, and a $500,000 pink diamond included in the purchase.
- Douglas Eillman launches an internal service platform, giving agents access to marketing tools and dozens of apps. Through the platform, “Douglas,” agents are expected to save technology costs as the firm will negotiate discounts with these third-party apps.
- Melo Group receives $85 million from Ocean Bank to help the development of Art Plaza Apartments, a 34-story multifamily complex north of Downtown Miami. A spokeswoman for Melo told Commercial Observer that rents will be market-rate, starting at around $1,500 for one-bedroom units.