Search
 
News

Hotel Developer Urbanica Buys Last Undeveloped Beachfront Lot in North Beach

The less than one-acre site at 6747 Collins Ave. was the last undeveloped beachfront lot in North Beach, located between the Deauville Beach Resort and Sterling Condominium buildings.

The Meridian, a reimagined historic 1930s Art Deco hotel is located at 418 Meridian Ave. in Miami Beach. The Meridian, a reimagined historic 1930s Art Deco hotel, is located at 418 Meridian Ave. in Miami Beach.

MIAMI BEACH, FL—Hotel development firm Urbanica The Hotels has acquired a 0.98-acre lot from China City Construction for $40 million and plans to develop a 20-story, 200-room lifestyle hotel at the beachfront site.

Urbanica, founded by Charlie Porchetto and Diego Colmenero, closed on the property on Aug. 27. The project, slated to open in approximately two years, will feature a signature restaurant helmed by the brand’s partner, Chef Fernando Trocca; an indoor bar, pool bar and beach service. The new hotel will be Urbanica’s sixth property in Miami in less than three years.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.