The YOO at Metropica condominium broke ground on Tuesday as part of the massive mixed-use project in Sunrise.
The 28-story tower is being constructed by K Group Holdings and Trillist Cos. just west of the Sawgrass Mills mall. Most condo projects in South Florida are east of Interstate 95, so this is a good test to see how deep the market is for the stronger suburban neighborhoods.
The proximity to the mall, which is popular with tourists, could help YOO as Metropica draws buyers. It's also near…
The Royal Palm Beach Planning and Zoning Board will consider approving home community by Lennar Corp. on Tuesday evening.
The 154-acre site at 980 Crestwood Blvd. is currently owned by the city, but the Miami-based company (NYSE: LEN) is under contract to buy it for $35 million. The city approved the sale in April and plans to close before the end of December.
Lennar, the largest homebuilder in South Florida, wants to build 385 single-family homes there.
The property is a former wastewater treatment…
The developer of Faena House made another blockbuster sale as a buyer paid $29.17 million for the second penthouse in the Miami Beach condominium.
Alan Faena’s building at 3315 Collins Ave. has made international headlines in recent months, including the $60 million sale of its largest penthouse that ranks as South Florida’s biggest condo sale, and sales to Wall Street titans such as Goldman Sachs CEO Lloyd Blankfein.
In the latest deal, Faena’s Tower 3315 LLC sold Penthouse A to Pomes Miami…
Carnival Corp. took another leap forward to ensure its dominance in the Chinese cruise market.
The Miami-based company (NYSE: CCL) announced that it formed a joint venture with China State Shipbuilding Corp. and China Investment Corp. to form the new brand. Details about the cruise line's name, fleet and sail date will be announced later. Both new and existing ships will be purchased for the new brand.
Officials announced the agreement at a signing ceremony at the Mansion House in London on Wednesday…
