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<\/p>\nMr. Worldwide is now one step closer to building a boutique office on the site of his childhood home.<\/p>\n
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\n Courtesy of Darkroom Studio\n <\/p>\n
\n A rendering of the planned office building that would rise at 25 NE 28th St.\n <\/p>\n
Armando Christian P\u00e9rez, better known as Pitbull, and his development partner, Rilea Group<\/a>,\u00a0secured unanimous approval for the office building design plans from the Wynwood Design Review Committee on Tuesday, the Miami Herald reported<\/a>.<\/p>\n The proposed eight-story, 11K SF office building would rise at 25 NE 28th St., the site of the Miami-born rapper\u2019s 720 SF single-family childhood home. Pitbull’s record label, Mr. 305 Inc., is planning to plant its headquarters at the location, according to a Rilea Group release.<\/p>\n The home, which is permitted for demolition, sits on a 1,750 SF site \u2014 the smallest to ever go in front of the committee for review, the Herald reported.<\/p>\n There is no artist chosen for the building yet, a spokesperson for South Florida-based Rilea Group said.<\/p>\n Pitbull is active in the Miami real estate scene, more so through Sports Leadership Arts Management, the charter school he co-founded.<\/p>\n Miami’s City Commission unanimously handed over<\/a>\u00a0the Olympia Theater to SLAM for $10 in September. The school\u00a0plans to commit at least $50M to repair and upgrade the building, promising\u00a0to stage 180 public events a year.<\/p>\n SALES<\/p>\n An affiliate of Mindful Capital Group sold a 144K SF small-bay industrial park in Boca Raton to Northbridge Partners for $34M.<\/p>\n Oakland Commerce Center at 3600 NE Fourth Ave. is a seven-building, multitenant park built between 1972 and 1985. Mindful doubled its investment after it acquired the property in 2021 for $17.9M, according to property records provided by Vizzda.<\/p>\n A Cushman & Wakefield team of Greg Miller, Dominic Montazemi, Scott O\u2019Donnell, Mike Ciadella and Miguel Alcivar represented Mindful Capital, according to a release.<\/p>\n ***<\/p>\n An entity tracing to Mirvian Rodriguez purchased a 98-bed assisted living facility in Fort Lauderdale from an entity managed by Golden Age Health Center\u2019s Jorge Carmenate, according to records provided by Vizzda.<\/p>\n The Colonial Assisted Living at Fort Lauderdale sold for $20M. U.S. Century Bank provided $12M and $4.9M mortgages to Rodriguez. The assisted living facility at 2801 NW 55th Ave. was developed on\u00a04 acres in 1988.\u00a0<\/p>\n FINANCING<\/p>\n