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Florida People & Companies, June 5, 2026
- North Development has officially paid off its $70 million loan for Domus Brickell Park. The payoff, completed in April 2026, follows the project’s on-time, on-budget completion and strong momentum since closings began. Within the first 60 days alone, Domus Brickell Park recorded 120 closings, underscoring continued buyer demand for North Development’s flexible ownership model, which combines fully furnished residences, hospitality-driven services and short-term rental flexibility.
- Construction recently started on the new Stantec-designed seven-story, 163,000-square-foot Helen and Jacob Shaham Academic Medical Center, a collaboration between Florida International University (FIU), South Florida’s public research university, and Baptist Health South Florida. Located on FIU’s Modesto A. Maidique campus, the $162 million advanced facility underscores FIU’s commitment to academic excellence and clinical research, and reflects the exciting growth of the FIU Herbert Wertheim College of Medicine. The project is scheduled for completion in 2028.
- Nautilus Hotel, a historic Miami Beach property, is slated to reopen in late 2026 as the flagship property for Sonesta International Hotel Corp.’s lifestyle-focused James Hotels brand. The 250-room oceanfront property at 1825 Collins Ave. originally debuted in the early 1950s and will relaunch under the luxury hospitality concept. Services Property Trust purchased the hotel in 2023.
- Miller Construction Company completed development of a two-story Porsche center for Holman, a privately-owned dealership group. Porsche North Miami opens as a Generation 5 Porsche center at 15055 Biscayne Boulevard in North Miami. The 339,000-square-foot project features a 49,616-square-foot showroom attached to a 215,063-square-foot parking garage with 509 spaces and a 10,838-square-foot service drive.
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