What is the latest status of the project “NMB Place Mixed-Use Development”?

The status recorded for “NMB Place Mixed-Use Development” is foreclosure.

What is the budget and commercial profile for the project “NMB Place Mixed-Use Development”?

Taiyo normalizes the budget of “NMB Place Mixed-Use Development” to USD 13410000.

Where can I verify the source and access all details for “NMB Place Mixed-Use Development”?

This Taiyo project page references The Business Journals along with the original URL (https://www.bizjournals.com/southflorida/news/2025/05/22/nmb-place-douglas-strabelli-foreclosure-lawsuit.html). Taiyo standardizes official data into a consistent, searchable project profile.

NMB Place Mixed-Use Development

Sector: Residential • Location: North Miami Beach, Florida, United States

Source: The Business Journals

Project

Foreclosure

The NMB Place project is a proposed mixed-use development in North Miami Beach consisting of two 28-story towers with a combined 700 apartments, retail space, office space, and parking. The project has faced foreclosure due to default on a $13.6 million mortgage and has not yet moved forward with construction.

Status: Closed
Sector: Residential, Commercial, Car parking, Automotive
Location: North Miami Beach, Florida, United States of America
Updated: 22 Jul 2026
Source: The Business Journals

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Project Information

4 Q

The project “NMB Place Mixed-Use Development” is an infrastructure initiative in the Residential sector, located in North Miami Beach, Florida, United States. Taiyo aggregates data on it from The Business Journals.

Participants

Not available for this record.

Status

Original status	foreclosure
Taiyo status	Closed
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	The NMB Place project is a proposed mixed-use development in North Miami Beach consisting of two 28-story towers with a combined 700 apartments, retail space, office space, and parking. The project has faced foreclosure due to default on a $13.6 million mortgage and has not yet moved forward with construction.
Original sector	Construction
Budget

Location

Country	United States of America (USA)
State	Florida
City	North Miami Beach

Source

Source	The Business Journals
URL

More Details

Record type	Project
Sector	Residential, Commercial, Car parking, Automotive
Article published date	2025-05-26

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