Steve Ross, the billionaire developer shunning retirement to continue working in South Florida, is on a refinancing roll. His company, Related Ross, scored a $150 million loan for its Hilton Convention Center hotel in downtown West Palm Beach. New York-based BDT & MSD Partners provided the loan, which refinanced an existing $105 million debt and bumped it up by $45 million, according to records. The 12-story Hilton West Palm Beach was designed by Nichols Architects with 400 keys, and 30,500…

In downtown Miami, the rooftop of the Southeast Financial Center (SEFC) now hosts the city’s largest rooftop mural—a vibrant celebration of biodiversity. The Miami Collection, created by French artist Youri Cansell, known as Mantra, was curated by the Justkids art consulting firm. Spanning 3,250 square meters, the monumental artwork took six weeks to complete, requiring 400 hours of work and 200 gallons of paint. Visible from the windows and balconies of three Nichols Architects projects, the mural is adjacent to…

Seaward Development had its first hearing before the city’s Development Review Committee for its plan to save the historic Sarasota building and add two 18-story towers to the site. By Andrew Warfield  January 4, 2025 An effort to preserve the century-old Mira Mar Plaza and redevelop a portion of the site to pay for it had its initial submission before the city’s Development Review Committee on Dec. 18. Before that, on September 2024, Seaward Managing Partner Patrick DiPinto introduced a collaboration…

We’re thrilled to announce that Miami World Tower, designed by Nichols Architects, is now leasing! Having received its first TCO in October, the tower is ready to welcome future residents starting in 2025. Developed by Lalezarian Properties, this landmark building offers a range of units—studio, 1, 2, and 3-bedroom options—paired with exceptional amenities. Residents will enjoy a heated lap pool, a rooftop gym, coworking spaces, a media room, a golf simulator, and a stunning rooftop deck on the 54th floor….

Miami was once again the strongest rental market in the nation in 2024, even though it cooled from last year, according to RentCafe’s Year-End Report. It is the third year in a row that Miami has held the title. During the year, Miami saw a 4.12% increase in new rental units added to its inventory (0.41% more than in 2023). 72% of Miami renters renewed their leases, up 0.8% from the previous year. Each vacant rental in Miami attracted 18 prospective…