Miami Mortgage News

227- 5 things to know, including a $464M project gets the green light

April 18th, 2017 7:13 PM by Nour Ailan

5 things to know, including a $464M project gets the green light

Buenos días, South Florida.

A multimillion-dollar mixed-used project has been approved.

1. Link gets OK

The $464 million Link at Douglas Station mixed-use project was approved Tuesday by the Miami-Dade County Commission. Developers 13th Floor Investments and Adler Group nabbed the top bid for the 7-acre site that neighbors the Douglas Station Metrorail stop south of downtown Miami. It will be built in four phases and include a 150-room hotel, 970 residential rental units and 75,994 square feet of retail.

2. Executive dies after illness

Business leader and philanthropist Ted Morse died Tuesday morning after a long illness. The chairman and CEO of Ed Morse Automotive Group was 66. Morse's father and grandfather founded Morse Motors in 1946, and Morse was instrumental in building the company into a brand that how has 17 franchises and 13 locations across Florida.

3. It's official

Despite attempts by some delegates on the first day of the Republican National Convention to kill Donald Trump's chances of being the GOPs presidential candidate, on Tuesday - as expected - Trump snared the nomination. The businessman bested 16 other candidates during his controversial road to battle it out Nov. 8 against presumptive Democratic nominee Hillary Clinton. But the highlights of the evening were speeches by his children that painted a warmer portrait of the presidential candidate that even many GOP party leaders had struggled to accept during his 13-month primary contest.

4. UM-based firm scores sale

InnFocus, an ophthalmology company developed within University of Miami’s Bascom Palmer Eye Institute, has been snapped up for $225 million by Japan-based pharmaceutical company Santen. Now pending approval, Santen said the acquisition would help it remain at the forefront of innovation in ophthalmology.

5. Boca livin'

Officials are reviewing two major development proposals in Boca Raton, according to documents obtained from the city. Both projects, the Ocean Palm condominium beach project from developer Ramon Llorens and a hotel in a business park, highlight the recent luxury residential and hospitality development boom in the city. The hotel would be built by Dizengoff Group, which scrapped plans to build an office building at 900 Peninsula Corporate Circle.


Posted in:Farah News
Posted by Nour Ailan on April 18th, 2017 7:13 PM


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