mckafka Development Group, a real estate development company based in Aventura, successfully ended the year by closing on two new transactions in December: a 90-unit multi-family apartment building next to Miami International Airport and a vacant waterfront lot, a little over half an acre, in downtown Miami.
Stephan Gietl and Fernando Levy Hara, mckafka principals, are confident that 2012 will be a great year for starting new development projects in South Florida. Levy Hara is one of the developers of One Aventura Executive Center, home of the Aventura Marketing Council since 2008. And this good news gets even better as they follow the message of the Aventura Marketing Council…” It’s good business to do business with AMC members!” Gietl and Levy Hara partnered with IDEA (International Design Engineering Architecture), another Aventura company based at One Aventura as well to serve as their architects and engineers. Stephane Lecuyer, president of IDEA, will oversee the planning and design of both projects with his very qualified team.
Fernando Levy Hara said, “Our track record of improving the community in which we bring a project to fruition, as well as providing investors with an outstanding return on investment, keeps us seeking additional properties to re-develop and improve. Gietl added, “We are fortunate to have the best partner in our projects with IDEA — outstanding professionals whom we met at an Aventura Marketing Council meeting.”
Adds Stephane Lecuyer, “We are so proud to work with the mcKafka Development Group… they are developers who truly understand the benefit of building and re-developing a property so it becomes an asset to the community!”
This 90-unit apartment complex with 65,000 sq.ft. of leasable space, is located adjacent to the Miami International Airport which has experienced record passenger numbers in 2011, giving this investment a great potential for future value increase. The complex is currently run as an extended stay facility and will be refurbished and continuously improved by mckafka Development Group.
Their business plan is to bring the property back to its previous value by improving operations in the short term, increasing revenue by refurbishing the outdated units, seeking more corporate accounts and significantly overhauling the cost structure. The property has a great upside potential due to its unique positioning as an extended stay for executives, pilots and flight attendants.
VACANT LAND AT NE 27TH ST. & BISCAYNE BLVD.
The lot is located in the Edgewater District in downtown Miami, at 527 NE 27th Street, with 220 feet waterfront abutting the Intracoastal. With over 27,000 sq. ft., mcKafka Development Group will build a residential rental multi-family building of approximately 90,000-sq-ft. The project, called Crimson Tower will feature an 18-story building with five townhomes, amenities and parking on the first eight floors, and approximately 90 one-and-two-bedroom rental units on the upper ten floors.
For information on mckafka Development Group, call 305.917.7673 or visit mckafka.com; for IDEA, call 305.792.0015 or visit absolute-idea.com.