Leave a Message

By providing your contact information to Carolina Bustillos, your personal information will be processed in accordance with Carolina Bustillos's Privacy Policy. By checking the box(es) below, you consent to receive communications regarding your real estate inquiries and related marketing and promotional updates in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. You may opt out of receiving further communications from Carolina Bustillos at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe.

Thank you for your message. I will be in touch with you shortly.

South Florida's Biggest Real Estate Developments This Week

South Florida's Biggest Real Estate Developments This Week

Carolina Bustillos Real EstateSouth Florida Market Report
Press Release  |  Real Estate Development Update

South Florida's Biggest Real Estate Developments This Week

Luxury condominiums, resort expansions, workforce housing, and landmark mixed-use communities are reshaping the South Florida skyline.

Several major developments across South Florida moved forward this week, reflecting continued momentum across all price points — from ultra-luxury island condominiums to workforce housing towers and large-scale mixed-use communities. As your trusted real estate resource for Miami, Bal Harbour, Bay Harbor Islands, Miami Shores, Keystone Point, and the Las Olas corridor, here is everything you need to know.

Carolina's Market Perspective
"What we're seeing this week reflects a South Florida real estate market firing on multiple cylinders at once. From ultra-luxury island living at Fisher Island to attainable workforce housing under the Live Local Act — and everything in between — developers are responding to demand across every segment. For buyers and investors in Miami, Bal Harbour, Bay Harbor Islands, Miami Shores, Keystone Point, and the Las Olas corridor, this level of activity signals long-term confidence in our region. Now is the time to understand how these developments affect your portfolio, your search, or your next move."
CB
Internationally Certified Commercial & Luxury Real Estate Advisor

Fisher Island Fuel Terminal Redevelopment Faces Legal Challenge

Related Group and Raycliff Capital have submitted plans to transform the former fuel terminal on exclusive Fisher Island into one of Miami's most anticipated luxury condominium projects. Through affiliate HRP Fisher Island LLC, the developers are proposing a 12-story building with 49 residences on 5.55 acres at 1 Fisher Island Drive.

The development group acquired the 9.55-acre property for $180 million in 2025. The current terminal operator continues to lease the site through August 2027, meaning any construction timeline is tied to that lease expiration. The remaining four acres of the site are proposed as recreational, lifestyle, and service amenities reserved for the Fisher Island Community Association.

However, the project faces significant uncertainty. The Fisher Island Community Association has filed a lawsuit alleging that the developer is negotiating a deal to sell the property to Miami-Dade County for as much as $400 million over time — a transaction the association is seeking to block through legal action.

Building Height12 Stories
Residences 49 Units
Site Acreage 5.55 Acres
Purchase Price$180M
⚖ Legal Watch: The Fisher Island Community Association has filed suit to block a potential $400M county land sale. The outcome will directly impact this project's timeline and viability.

Pier Sixty-Six Expansion Planned in Fort Lauderdale

Pier Sixty-Six luxury resort interior — Fort
Lauderdale expansion

Tavistock Development Co. has unveiled plans for Phase Two of the historic Pier Sixty-Six redevelopment in Fort Lauderdale — one of South Florida's most beloved waterfront destinations and a landmark within the Las Olas real estate corridor.

The expansion covers approximately eight acres on both sides of the resort and calls for four buildings, including a striking tower rising 270 feet. The project adds 339 new residential units alongside a rich mix of retail, dining, grocery, and office space — creating a true live-work-play district anchored by Pier Sixty-Six's iconic marina setting.

Tower Height 270 ft
Residential Units339
Restaurant Space17,327 SF
Retail Space 25,145 SF
Office Space 29,050 SF

Jeff Greene Proposes Live Local Tower in West Palm Beach

Billionaire developer Jeff Greene has proposed a 25-story apartment tower in downtown West Palm Beach, leveraging Florida's Live Local Act — the state's landmark workforce housing legislation that continues to reshape South Florida's residential pipeline.

The project is planned for a 0.9-acre site at 120 South Dixie Highway and would deliver 366 apartments along with ground-floor retail. Forty percent of the units would qualify as workforce housing, directly addressing one of the region's most pressing affordability challenges.

The project is also notable for its innovative construction approach: Greene plans to use a prefabricated tall-timber construction system, and the design incorporates a historic fire station into the ground floor — blending heritage preservation with modern urban development.

Height 25 Stories
Apartments 366
Workforce Units40%
Retail Space 7,557 SF
Parking 236 Spaces
🏛 Notable: The design incorporates a historic fire station into the ground floor — a rare example of adaptive reuse within a Live Local Act high-rise.

Palm Beach Auto Haus Targets Luxury Car Enthusiasts

Palm Beach Auto Haus luxury
car club interior — West Palm Beach

Newgard Group has proposed Palm Beach Auto Haus, a members-only luxury auto storage and lifestyle club in West Palm Beach. The concept targets South Florida's growing population of affluent buyers who demand world-class amenities alongside their real estate investments.

The company has the 2.6-acre site at 2500 North Florida Mango Road under contract. The property previously operated as a bowling alley. The two-story, 111,637-square-foot project would feature vehicle storage bays alongside a fitness studio, health club, and racquet sports courts — positioning it as a full lifestyle destination, not merely a car storage facility.

Total Area 111,637 SF
Stories 2
Site 2.6 Acres
Concept Members Club

Miramar Cove Breaks Ground on First Phase

Sunbeam Properties — led by WSVN Channel 7 owner Andy Ansin — officially broke ground on Miramar Cove, a transformative 125-acre mixed-use development set near the intersection of Miramar Parkway and Red Road. This is one of the largest ground-up development projects underway anywhere in South Florida.

When fully built out, Miramar Cove will deliver 2,874 residential units, 400,000 square feet of retail and restaurant space, 125,000 square feet of offices, and a 185-room hotel — an entire new neighborhood in a single master-planned community.

The first phase focuses on three eight-story apartment buildings with 1,100 units, along with a large portion of the retail and restaurant component. The project's defining amenity is a 5.5-acre blue-water basin designed by Martin Aquatics, which will anchor waterfront dining areas. One of the apartment buildings will feature a beach club theme, bringing a resort lifestyle experience to a suburban South Florida setting.

Developers expect Miramar Cove to open during the first quarter of 2028. Fort Lauderdale-based Stiles Corp. serves as the general contractor.

Total Acreage125 Acres
Residential Units2,874
Retail + Dining400K SF
Hotel Rooms 185
Phase 1 Units1,100
Delivery Q1 2028
🌊 Signature Feature: A 5.5-acre blue-water basin designed by Martin Aquatics will serve as Miramar Cove's centerpiece, anchoring waterfront dining and a beach club lifestyle experience.

Ready to Navigate the South Florida Market?

Whether you're buying, selling, or investing in Miami, Bal Harbour, Bay Harbor Islands, Miami Shores, Keystone Point, Sunny Isles Beach, or Las Olas — Carolina Bustillos is your local expert.

Connect with Carolina

Work With Carolina

A high-touch, high-tech real estate consultant known for her extensive market knowledge and her unmatched devotion to clients, Carolina's success is based almost exclusively on going the extra mile for her patrons and positive referrals.

Follow Me on Instagram