Found 2 blog entries tagged as Miramar Blog News.

$1.28B Office Foreclosure Shows South Florida Isn't All Booming

Wells Fargo is moving to foreclose on eight aging office buildings in Boca Raton, Sunrise, and Miramar. As developers sell off shiny new trophy towers downtown, commodity suburban offices are being handed back to lenders.

Key Takeaways

  • Wells Fargo, acting for bondholders, filed a $1.28 billion foreclosure lawsuit tied to Boca Raton-based Workspace Property Trust, targeting eight South Florida office buildings.
  • The buildings in Boca Raton, Sunrise, and Miramar are aging suburban offices that were hit hard by the post-2020 shift to remote work.
  • It is a filed lawsuit, not a completed foreclosure, and tenants keep operating normally, but it shows the office market has split into two tiers.

South Florida real estate can feel unstoppable,…

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Miramar's Biggest Project Yet: 2,874 Homes Around a Lagoon

Miramar Cove just broke ground on a 125-acre waterfront community in western Broward. A 5.5-acre man-made lagoon, 400,000 square feet of retail, a hotel, and nearly 3,000 residences are coming to a city that has never seen anything like this.

Key Takeaways

  • Miramar Cove broke ground on May 27, 2026, with a grand opening targeted for Q4 2028.
  • The 125-acre project includes 2,874 residences, 400,000 sq ft of retail, 125,000 sq ft of office, and a 185-key hotel.
  • A 5.5-acre man-made lagoon with translucent blue water is the centerpiece of the development.

According to Florida YIMBY, Stiles (developing for Sunbeam) broke ground on Miramar Cove at 2800 Executive Way in Miramar on May 27, 2026. Cooper Carry is serving as architect. The…

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