AXIOS

What’s going up: Short-term rentals rise, while doubts cast on Fillmore’s fate

 

Miami, FL – March 28, 2024

Who’s ready for some development news? Let’s dive in.

ONE Park Tower by Turnberry, a planned ultra-luxury, 292-unit condominium tower in North Miami, secured a $172 million construction loan on Monday.

• The 33-story project will be part of the SoLé Mia master development.

The Rider at Wynwood, a Rock ‘n’ Roll-themed condo project from Rilea Group, is scheduled to break ground later this year.

• The 12-story boutique property will offer 146 turn-key residences that owners can list on short-term rental sites.

Domus Brickell Park, another short-term rental-friendly project, broke ground last week, Florida YIMBY reports.

• The 12-story, 172-unit development offers fully furnished units, 24-hour building services and a housekeeping team on call. It’s scheduled for completion next winter.

The Fillmore Miami Beach at the Jackie Gleason Theater could be at risk of demolition to build a new modern concert venue in Miami Beach, the Miami Herald reports.

• The beloved theater, built in 1950 and renovated in the ’70s, was awarded $29 million by Beach voters for additional renovations, but city commissioners are debating whether to spend the money tearing it down and starting over.

 

Check out the full story here