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‘Skyline Of Miami Gardens.’ Formula One Museum, Hotels, Apartments Planned Near Hard Rock

A massive new development coming to Miami Gardens would cater to tourists visiting for events at Hard Rock Stadium with new hotels and a Formula One museum as well as bring more rental housing to the area.

The sports-themed complex will be called Miami Gardens City Center and be built on a 35-acre vacant property within walking distance of Hard Rock Stadium, Gilbert Benhamou, CEO of Immocorp Capital, told the Miami Herald. The firm is one of the developers of the property.

As the city celebrates its 20th anniversary, Mayor Rodney Harris sees the development as shaping Miami Gardens’ future.

“It’s going to be a fun time in the city when we sit down and actually get that facility built out,” he said.

Benhamou noted that Hard Rock Stadium is unique because it hosts professional and college football, tennis and auto racing in one place. The stadium is home to the Miami Dolphins and the University of Miami football team. It was once home to the now-Miami Marlins. The stadium is also the site of Jazz in the Gardens, the city’s annual premiere music event.

Developers purchased the property for $25 million in 2021, according to Miami-Dade County property records.

The development will include apartments, two hotels with a combined 320 rooms and a five-story parking garage, Benhamou said.

The project will also feature an entertainment area that will include an interactive Formula One museum and a 100,000-square-foot “amusement building” with arcades, a bowling alley and a trampoline, he said.

Immocorp joined with The Faith Group and Azur Equities to create Miami Gardens Town Center, LLC and to spearhead the development.

Immocorp is partnering with D.C.-based developers Capstone Development on the hotels and on the residential piece with New York-based Kushner Companies, LLC, which is run by the family of Jared Kushner, son-in-law of former President Donald Trump.

The entire project is estimated to cost $400 million-$500 million, Benhamou said.

The initial phase of the project will focus on the residential components — two luxury apartment towers. The first tower will be 10 stories and consist of 252 units and include a mix of studio, one-, two-, and three-bedroom rental apartments, according to Benhamou. The second tower could go as high as 15 stories with 360-400 units depending on the market.

“We’re going to create the skyline of Miami Gardens,” he said.

Pascal Cohen, founder and CEO of Azur Equities, described the planned complex as upscale and a way for residents to immerse themselves in the sporting/entertainment destination that Miami Gardens has crafted.

Cohen said outside of Miami Gardens, “you don’t have one city in the world that delivers tennis, soccer, football, Formula One and concerts.”

Developers expect to break ground on the project in late summer or early fall with an expected completion date of 2025, just a year shy of when the 2026 FIFA World Cup and College Football National Championship will be held at Hard Rock Stadium.


Source:  Miami Herald

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Kushner, Faith Group And Immocorp Capital JV Plan Mixed-Use Apartment Project In Wynwood

Kushner Companies entered into a joint venture to develop a mixed-use apartment complex in Wynwood, as the New York firm completes its first projects in the neighborhood.

The latest development, to include 325 apartments and roughly 20,000 to 25,000 square feet of retail space, would rise on the Soho Studios event space site at 2136 Northwest First Avenue. The joint venture, which was finalized last month, is with the Faith Group and Immocorp Capital, according to sources. Faith and Immocorp are both based in Aventura.

Faith Group’s Soho LLC has owned the main parcel since 2009. Property records show Soho LLC secured an $11.3 million mortgage in March that can be increased to $22.5 million. Faith will likely transfer the site to an entity that includes all three partners. Construction could begin in 2025, a source said.

Kushner is also working with Immocorp Capital and Faith Group on the multifamily component of a large site south of Steve Ross’ Hard Rock Stadium in Miami Gardens. Gilbert Benhamou, CEO of Immocorp, said the partners plan to break ground on infrastructure work in the third quarter. Construction on the first phase, a 252-unit apartment project, is expected to begin by the end of the year.

The three partners are looking for more opportunities in South Florida, Benhamou said. He called the planned Wynwood development an “out of the box” project.

The Faith Group, led by founder Kevin Faith who represents other members of the Faith family, added to the site in recent years with the corner property at 2159 Northwest First Court. The assemblage totals 1.7 contiguous acres. It includes a 50,000-square-foot building that was constructed in 1929 and expanded in 1964; and a nearly 13,000-square-foot building constructed in 1962.

Kushner made its first investment in Wynwood in 2019. The firm, led by Charles Kushner, his daughter Nicole Kushner Meyer, and Laurent Morali, partnered with the Miculitzki family’s Block Capital Group to build Wynd 27 and 28. The two-building apartment, office and retail project is nearly completed and is being leased. In a separate deal, Kushner and PTM Partners plan a 1,300-unit, two-tower apartment development in Edgewater. In Broward County, Kushner and Aimco also recently sold a piece of their three-lot assemblage near downtown Fort Lauderdale’s Brightlight station for $18.3 million.

Development has exploded in Wynwood for new condominiums, thousands of apartments, office projects and ground-floor retail throughout the neighborhood. Investment has also spread to Wynwood Norte, which underwent a zoning overhaul in 2021 meant to encourage affordable housing development, preserve the area’s character, and create economic opportunities for small businesses and residents.


Source:  The Real Deal

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Former Miami Rescue Mission Building Trades In Off-Market Deal, Creating One Of The Largest Contiguous Sites In Wynwood

In an off-market deal, Soho, LLC, an entity managed by The Faith Group, has purchased the former Miami Rescue Mission headquarters building located at a 2159 NW 1st Court in Wynwood.

The 1962-built 11,810-square-foot building, which is situated on a 6,812-square-foot lot, was purchased from FBWS development Senior LLC for $3 million.

The deal closed December 9.

The building is located adjacent to Soho Studios, a 45,000-square-foot creative event space, on a 68,000-square-foot lot located at 2136 NW 1st Ave, which is also owned by The Faith Group.

Roy Faith
Roy Faith

“This was a strategic purchase as this building is on a corner lot adjacent to our Soho Studios,” commented Kevin Faith, CEO of the Faith Group. “This was the last piece we needed to create a 75,000-square-foot footprint, one of the largest contiguous sites in Wynwood.”

“Having seen how Wynwood has evolved over the past 10-15 years, our group firmly believes we are still in the early stages of one of the most vibrant communities in the US,” added Roy Faith. “With the continued developments currently online and many more to come, there is a long runway still ahead and we are excited to be part of it. We are looking at several different concepts for the property.”


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Two Fast Casual Restaurants Ink Lease Deals For New Locations In Miami, Both Seek To Open Additional South Florida Locations

Carrot Express will be opening a new 2,083-square-foot location on Brickell Avenue at Sabadell Financial Center, located at 1111 Brickell Avenue in Miami, Florida, and Chicken Kitchen will be opening a new 1,441-square-foot location at 18515 NE 18th Avenue in North Miami Beach, Florida.

Both lease deals were negotiated by Brandee Goldstein, Tenant/Landlord Representative with FIP Commercial Realty.

Carrot Express, a fast casual health food restaurant, was founded over 30 years ago when Mario Laufer decided to venture into the restaurant business, focusing on what he was really passionate about: cooking simple and healthy dishes but with a lot of taste. According to its website, after a few hit and misses, Carrot Express was born on the inside of a gas station on Alton Road in South Beach. The restaurant offers a creative and extensive menu based around natural, high quality ingredients combined with a fun, comfortable and relaxed environment. The company now has 7 locations and is looking to double the number of locations in the next 6 months. Goldstein represented Carrot Express in the deal. The landlord, BRICKELL OWNER LLC, was represented by Colliers International South Florida.

Chicken Kitchen is a grilled chicken restaurant chain with the tagline “your healthy addiction.” The franchise features America’s favorite poultry served in healthy, delicious dishes. The menu features salads, pita pocket sandwiches, wrapitos, and rotisserie chicken, plus a host of side items ranging from rice, beans, coleslaw, potatoes, corn, and hummus. In addition to Chicken Kitchen’s on-site sales, the restaurant also does a good portion of its business catering events like business meetings, parties, banquets, and holiday gatherings. The recent deals mark 19 locations in South Florida, with plans to open additional locations. Goldstein represented both the tenant and the landlord in the lease deal.

Goldstein is one of FIP Commercial’s top commercial retail leasing and residential real estate agents. Born and raised on Miami Beach, Brandee is a true native of South Florida and is well educated as she has an undergraduate degree from the University of Michigan in Ann Arbor and a Master’s Degree from Nova Southeastern University in Davie.

Brandee was born with a true real estate spoon in her mouth.  Her father is a famous architect on Miami Beach, having just built the tallest tower south of New York on Brickell, Panorama.  Her mother and many relatives have been selling homes and commercial properties for over 30 years. Brandee’s clients include State Farm, Asian Foot Massage, Stop N Play, ADT, in addition to Carrot Express and Chicken Kitchen.

“Both Carrot Express and Chicken Kitchen are continuing to expand without fear,” commented Goldstein.  “Strong, reputable and established restaurants that can offer outdoor seating, take-out and delivery service, as well as safe indoor seating will continue to do well. We are seeing more and more fast casuals replacing the more traditional retail tenants as a trend.

“Landlords like to have strong tenants to drive more foot traffic to their plazas and more careful in selecting the right tenant,” Goldstein continued. “In both these transactions, the Landlord will have two very strong operators with a big following.”


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FIP Commercial’s Roy Faith Reps ShareMD In Purchase Of Three-Building Medical Office Campus In Miami

ShareMD, a healthcare real estate and physician practice solution company with corporate offices in Alpharetta, Georgia, has closed escrow on a three-building, 177,358-square-foot medical office campus situated on ten acres in Miami.

ShareMD was represented by FIP Commercial President/Broker Roy Faith. The seller was a private ownership entity.

The purchase marks ShareMD’s second purchase of a healthcare portfolio in South Florida, following its purchase in November 2019 of a two building, 104,000-square-foot portfolio in Miami. Earlier, in February of this year, ShareMD purchased a 20-story, 498,000 square foot medical/professional tower in Jacksonville. ShareMD has acquired a dozen healthcare and medical/professional properties in the past two years totaling 750,000 square feet in Florida alone, separate from its 170,000-square-foot California healthcare portfolio. ShareMD is funded by private equity firm Martis Capital.

“We’re excited to continue ShareMD’s growth in the healthcare facility sector with this acquisition,” said ShareMD’s Chairman and CEO, John Bardis. Bardis, the former Assistant Secretary of the US Department of Health & Human Services as well as the founder and former head of MedAssets, continued, “ShareMD provides a range of healthcare space and technology solutions, and this addition to our portfolio provides for additional capabilities in the South Florida marketplace.”


“We were attracted to this opportunity to further expand our portfolio in South Florida,” said ShareMD founder and Chief Investment Officer, George Scopetta. “And, our team’s private equity backing and our track record of nearly a million square feet of properties purchased over the past two years provided the seller with confidence that we could close quickly, and with certainty.”


“This completion of this deal shows the strength of the medical sector,” added Faith. “Even during a pandemic, we managed to successfully close in a timely and efficient manner. Both the Buyer and Seller understood the current climate and managed to close before the expected closing date, which really is a credit to all involved. The healthcare sector continues to be a very sought-after type of asset class especially given where we are today. We have been seeing a lot of interest in MOBs –  not just recently, but for a number of years.”

FIP Commercial’s parent company, The Faith Group, recently developed developed a 105,000-square-foot medical office building. Aventura Medical Tower is a Class A medical condo building and some purchase and lease opportunities remain. Aventura’s first medical condo project is located in the Aventura Hospital District at 2801 NE 213th Street in Aventura, Florida. The Group  also owns seven additional medical office buildings in South Florida, including Venture Center I and II, International City Building I and II, Medical and Executive Center of Aventura, Olympic Professional Offices, Parcel Square Offices.


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Florida Precision Oncology To Open 15,000-SF Cancer Care Services Facility From New Location At Recently Completed Aventura Medical Tower

Aventura Medical Tower will now be the new home for Florida Precision Oncology (FPO), a division of GenesisCare (21st Century Oncology).

The cancer care services provider has signed a 10-year lease to occupy approximately 15,000 square feet of space at the recently completed medical tower, located at 2801 NE 213 Street in Aventura.

GenesisCare has more than 440 centers including 14 centers in the UK, 21 in Spain, 36 in Australia and 300 in the U.S. The company also offers cardiology and sleep services at more than 80 locations across Australia. Every year, the team sees more than 400,000 people globally.

FIP Commercial President/Broker Roy Faith and VP of Leasing Julian Huzenman represented the landlord in the lease deal. Jay Whelchel of Whelchel Partners represented 21st Century Oncology.

Roy Faith
Roy Faith

“We are extremely proud to bring in a tenant of this magnitude and to have them join a host of other signature tenants and condo owners that already call Aventura Medical Tower home,” commented Faith. “Our vision was to bring the best of the medical community together under one roof and our vision is coming to fruition.”

The Faith Group’s in-house construction team and architect will be handling the interior build out to the highest of standards and will be delivering a turnkey space for the tenant.

Aventura Medical Tower is a Class A medical condo building and some purchase and lease opportunities remain. Please contact FIP Commercial for more information at 305.438.7740 or contact Roy Faith at or Julian Huzenman at

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Related Group Pays $19M For Wynwood Development Site

The Related Group made another big investment in Miami’s Wynwood neighborhood with a $18.5 million property acquisition.

ERBA Diagnostics, previously known as Diamedix Corp., sold 2.27 acres at 2141-2115 N. Miami Ave., 2150-2160 N. Miami Ave., 38 N.W. 22nd St. and 2155 N.W. Miami Court to PRH Investments, an affiliate of Miami-based the Related Group.

Dave Colonna of FIP Realty represented The Related Group in the deal.

Cushman & Wakefield’s Robert Given, Troy Ballard, Miguel Alcivar, Greg Masin, Frank Begrowicz and Jason Hochman represented the seller.

The property has five buildings for a combined 51,205 square feet. However, the zoning would allow for greater density in a mixed-use project.

Wynwood has been transformed from an industrial area into an attraction for street art, entertainment, shopping and dining. New zoning has led to a massive amount of redevelopment with apartments and offices.

“As Wynwood continues to develop and mature into a world-class hub for the arts and creative businesses, opportunities to acquire large development sites are growing harder to come by,” said Alcivar. “This offering presented a rare opportunity to acquire critical mass with flexible zoning in one of the nation’s most exciting neighborhoods.”

The Related Group couldn’t be reached for comment on its plans for this property.

The Related Group has been especially active in Wynwood. It co-developed the Wynwood 25 apartments, the Wynwood Annex office building, and the Bradley Wynwood, which is being leased to a short-term rental company. It has a mixed-use building planned on Northwest 29th Street and a co-living project slated for Northwest 28th Street.

“While Wynwood is known for its dozens of art galleries and an ever-growing number of restaurants, bars, and retailers, the submarket is only just now starting to see larger scale mixed-use development,” said Given. “This assemblage presents the buyer with an exceptional opportunity to tap into Wynwood’s growth potential and be part of its maturation into a liveable neighborhood.”


Source:  SFBJ

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Gastro Health Joins Growing List Of Tenants At Recently Completed Aventura Medical Tower

The Faith Group has recently added another signature medical group to its Aventura Medical Tower development.

Gastro Health, which specializes in the treatment of gastrointestinal disorders, nutrition and digestive health will be taking a 2,000-square-foot space in the Class A medical office building located within the Aventura Hospital district.

FIP Commercial represented the Landlord in the transaction and Carol Ellis Cutler of CBRE represented the tenant.

“As a result of having the Gastro Health Group in our other medical building in North Miami Beach (Venture Center), there was a great working relationship already in place and it made perfect sense to have them as part of the tenant mix in our Aventura Building,” commented FIP Commercial President/Broker Roy Faith. “Our in-house construction division will be handling the build out from A to Z and we are excited to deliver an exceptional space to them as soon as we can. There will also be some exciting announcements made in the next few weeks as to who else will be joining the building.”


Aventura Medical Tower was recently completed as a true Class A medical condo building and some purchase and lease opportunities remain. Please contact FIP Commercial for more information at 305.438.7740 or contact Roy Faith at or Julian Huzenman at


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FIP Commercial To Host State of the Market Open Forum

Come join us next Tuesday, October 8th, at 10:30 AM for a State of the Market Open Forum being held at Soho Studios (2136 NW 1st Ave) in Wynwood.

This event is hosted by FIP Commercial and is free to all real estate agents in the Miami area.  Topics covered will include the following:

  • National Commercial Real Estate Trends
  • State of the Market – Miami Multi-Family
  • State of the Market – Miami Retail
  • State of the Market – Miami Office

We will also discuss asset class transactions, rental rates, occupancy, demand, and much more. This is an open forum setting so questions and comments throughout are appreciated.

Seats are limited so please RSVP at



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Chen Senior Medical Center To Provide Healthcare Services To Seniors From New Location At Recently Completed Aventura Medical Tower

ChenMed, a physician-led, privately-owned company committed to bringing superior healthcare to seniors, has signed a lease deal for 6,241 square feet at Aventura Medical Tower, located at 2801 NE 213 Street in Aventura.

FIP Commercial President/Broker Roy Faith and VP of Leasing Julian Huzenman represented the landlord, KVVS Investors, LLC in the lease deal. Lesley Sheinberg of NAI Merin Hunter Codman, Inc. represented ChenMed.

“We are pleased to announce Chen Senior Medical Center as the latest addition to our Aventura Medical Tower development,” commented Faith. “Chen brings a Primary care practice delivering superior healthcare for the senior community within the district and will create even more synergies within the medical building. We are looking to create an environment where the very best of the Medical community, providing a variety of different health care sectors, align with each other.”

The Aventura location is one of twelve Chen Senior Medical Centers in South Florida.

Aventura Medical Tower was recently completed as a true Class A medical condo building and some purchase and lease opportunities remain.


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