Miami commissioners have approved a long-debated plan to redevelop the historic Coconut Grove Playhouse, clearing the way for a restored 1926 facade, a new 310-seat theater, retail and office space, and a parking garage. While the vote marks a major milestone in reviving the landmark after two decades of closure, the project could still face legal challenges before construction moves forward.

Billionaire Ken Griffin spent roughly $125 million to buy all 138 condo units and ground-floor retail in a 22-story Miami tower. Griffin targeted Solaris because it occupied one of the few remaining parcels he didn’t already control in Brickell and fits into his broader real estate expansion in Miami.

proposed three corners project in vero beach_image credit Clearpath Services The Ridge Group DMJR 1030x385

The proposed project, estimated at about $250 million, would remake the waterfront site into a mixed-use destination with hotels, dining, retail, event space and a marina.

According to the Miami Association of Realtors, sales of single-family homes rose 10%, while existing condo sales increased 5%. Despite stronger sales activity, price trends differed between property types.

As Florida voters prepare to consider a major property tax overhaul this November, officials in Vero Beach and Indian River County are raising concerns about its local impact. The proposal would provide substantial tax relief for homesteaded homeowners but could also reduce revenue that cities and counties rely on.