development Archives - Rava Realty

Archaeological Miracles: Unearthing Miami’s 7,000 Year-Old History

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Archaeological Miracles: Unearthing Miami’s 7,000 Year-Old History

Archaeologists discovered thousands of tools, artifacts, and human and animal remains dating back 7,000 years at the Related Group’s Miami River construction site, where the development firm plans a three-tower project.

The 16-month excavation and preservation of the items could be the most archaeologically significant findings near the mouth of the river in the past 25 years. The artifacts date back to “the time of the emergence of the first cities in Mesopotamia,” thousands of years before the Roman Empire.

It’s unclear how the ...

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The 2022 List Of Every Supertall Tower Currently Being Planned In Miami

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The 2022 List Of Every Supertall Tower Currently Being Planned In Miami

Developers are increasingly planning to build towers in Miami that will reach supertall status (above 300 meters, or around 969 feet), with the real estate market here among the hottest anywhere. And several supertall towers have been announced in recent months, all by top-tier developers.

Here below is the link to the complete article with the list of every supertall currently being planned in Miami. http://ow.ly/WRtc50IMqbr

(source: thenextmiami.com, ...

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NYC’s last batch of new condos with 421a tax abatements

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NYC’s last batch of new condos with 421a tax abatements

Condos built under the 421a tax abatement program, are starting to fade away to a point where there will eventually not be any more.

Created in 1971 to spur development in neglected neighborhoods of New York, the 421-a program allowed condo buildings to be exempted from millions of dollars in property taxes for 10 to 25 years, depending on location and other criteria. The program expired in 2016, but the tax breaks persist depending on when a building was built. Owners of 421-a apartments pay a fraction of the property’s full taxes during a period of ...

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Wynwood 29 Apartment Project Tops Off

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Wynwood 29 Apartment Project Tops Off

Another big Wynwood apartment project has topped off.

Wynwood 29 actually includes two buildings, one at 12 stories (178 feet) and another at 8 stories, on opposite sides of the street

The combined project will include:

  • 248 apartments

  • 26,651 square feet of retail

  • 372 parking spaces

Related Group and Metro 1 are the developers, Arquitectonica is the architect and Beauchamp Construction is the contractor.

(source: thenextmiami.com, rendering: Beauchamp Construction)

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16K apartments to be delivered in South Florida this year

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16K apartments to be delivered in South Florida this year

Overall, monthly rents predicted to rise by 2% to $1,677

South Florida will see nearly 16,000 apartments delivered this year, leading rents to flatten in markets with added supply, according to a recently released report.

Fueled in part by population growth, the number of apartment deliveries will be nearly double the 8,871 units that were completed in South Florida last year, according to Berkadia’s annual report and 2020 forecast. That marks the highest number of annual ...

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