Miami’s skyline is about to welcome a stunning addition with the construction permit application for the 61-story Brickell Gateway. Located at 90 Southwest 8th Street in the vibrant neighborhood of Brickell, this mixed-use development is set to redefine luxury living in the city. Designed by Corwil Architects and developed through a joint venture between Gazit Horizons and Atlantic Pacific Companies, Brickell Gateway is not just another skyscraper; it’s a testament to Miami-Dade County’s commitment to urban development and innovation.
One of the standout features of Brickell Gateway is that it is among the first projects to advance to the construction permitting phase under Miami-Dade County’s Rapid Transit Zoning. This innovative initiative encourages higher-density construction in proximity to mass transit hubs, promoting sustainable and efficient urban development. By strategically placing developments like Brickell Gateway near transit options, the county aims to reduce reliance on cars and create more vibrant, walkable communities.
The permit application for Brickell Gateway was filed on December 26 and is currently under review. Once completed, the project will cover an impressive 933,209 square feet with an estimated value of $150 million. The total permitting fees for this monumental development are calculated to be around $106,611.31.
Brickell Gateway will offer 504 multifamily residential units, catering to a diverse range of lifestyles. These units will vary in size, from efficient studios to expansive three-bedroom apartments, with sizes ranging from 493 to 1,328 square feet. The tower’s ground level is also designated for 18,287 square feet of retail space, ensuring that residents have convenient access to amenities right at their doorstep.
To accommodate the needs of both residents and visitors, Brickell Gateway will include internalized parking facilities capable of accommodating 344 vehicles. This feature not only promotes a hassle-free living experience but also aligns with the county’s vision of reducing traffic congestion and encouraging public transportation use.
Residents of Brickell Gateway will enjoy a host of rooftop amenities that elevate their living experience. These include a pool deck complemented by covered terraces, grilling spots, and inviting dining areas. The thoughtfully designed rooftop spaces provide a luxurious and well-rounded living experience, offering breathtaking views of the city and the bay.
Brickell Gateway has received approval from the Federal Aviation Administration (FAA) for a permanent height of 761 feet above ground level or 772 feet above sea level. This approval solidifies Brickell Gateway as a significant addition to Miami’s skyline, reflecting the city’s ongoing urban development and architectural innovation. The skyline’s evolving silhouette is a testament to Miami’s dynamic growth and its position as a global city.
The success of Brickell Gateway is a result of collaboration among various experts in the field of architecture and engineering. Witkin Hults + Partners are responsible for the landscape architecture, ensuring that the development blends seamlessly with its surroundings. Kimley-Horn, a respected civil engineering firm, is instrumental in ensuring the project’s infrastructure meets the highest standards.
BG Group LLC completed the demolition work for the former structure that once occupied the 0.49-acre development site at the southeast corner of Southwest 8th Street and Southwest 1st Avenue in late 2022. This marked a crucial step towards the realization of Brickell Gateway and sets the stage for its future as a prominent landmark in Miami.
Brickell Gateway is more than just a construction project; it’s a symbol of Miami’s commitment to sustainable urban development, architectural excellence, and a vibrant future. As this remarkable development progresses, it will undoubtedly capture the imagination of residents and visitors alike, further enhancing the allure of Miami’s ever-evolving skyline. Brickell Gateway is poised to become a beacon of luxury and innovation in the heart of the city, and we can’t wait to see it come to life.
FAA Greenlights Construction for Supertall Ora By Casa Tua Tower in Brickell
The Federal Aviation Administration (FAA) has recently approved the construction of the Ora By Casa Tua tower in Brickell, marking a significant milestone for high-rise developments. This decision not only alters the city’s skyline but also opens a new realm of investment opportunities.
The FAA’s decision, issued on November 29, permits the Ora By Casa Tua tower to reach an unprecedented height of 1,044 feet above ground, or 1,049 feet above sea level. This supertall stature is a notable increase from the initially planned 930 feet, as indicated in a UDRB filing earlier in May. The property, located at the heart of Brickell, is poised to become a landmark structure that will redefine urban living.
Remarkably, the FAA’s approval came swiftly, with the application filed only in late August and the decision following in just three months. This efficiency signals a conducive environment for real estate development, underlining the speed and agility of regulatory bodies in facilitating significant urban projects.Brickell, known for its vibrant financial district, positions the Ora By Casa Tua tower as a lucrative investment. Its location promises high demand from affluent professionals and businesses, making it a strategic asset.
As a supertall tower, Ora By Casa Tua offers unique residential and commercial spaces with unparalleled views and amenities. This exclusivity enhances its appeal to high-net-worth individuals and luxury businesses.
The FAA’s approval of the Ora By Casa Tua tower is more than just a green light for construction; it is a beacon for astute investors looking to capitalize on unique and high-value real estate opportunities.
Construction Update for Two Riverside Tower in Brickell
In the heart of Miami’s Brickell neighborhood, a new chapter in architectural excellence is unfolding with the planned construction of the Two Riverside Tower. This 59-story edifice is not merely a building; it’s a “signature development” that promises to invigorate the Miami Riverfront with its public riverwalk and ground-level commercial spaces, as per the developer’s representative.
Adjacent to this site, the Lofty Brickell project is already taking shape, with its twin towers of 43 and 44 stories, housing 784 residential units, at the One Brickell Riverfront site.
The Two Riverside Tower is ambitiously designed to house 169 residential units, 1,090 square feet dedicated to commercial space, and shared parking facilities with Lofty Brickell.
The proposed riverwalk, an integral part of this development, will extend over 10 feet in certain areas, as revealed in the project filings.
In a significant step forward, the Federal Aviation Administration (FAA) has granted approval for the tower to reach a height of 731 feet above ground, or 733 feet above sea level. This approval addressed to NGD Riverfront LLC in Miami, came through in October 2023.
The Miami River Commission’s Urban Infill and Greenways Subcommittee has already reviewed the proposal on October 16. The full Commission is poised to deliberate on the proposal on November 6.
For the discerning hedge fund manager, Two Riverside represents more than an architectural marvel; it is a beacon of investment potential and urban development. This project not only promises a revitalized riverfront but also signifies the strategic growth and dynamism of Miami’s real estate market.
Key International Sets Sights on Miami’s Financial District with a Pioneering Office Tower
In the heart of Miami’s bustling Financial District, Key International, under the leadership of co-presidents Inigo and Diego Ardid, is poised to redefine the skyline with their ambitious plans for 848 Brickell Avenue. This isn’t just another office building; it’s a statement of intent, a 50-story beacon that promises to elevate the standards of Class-A office spaces.
The architectural maestros behind this venture are none other than Skidmore, Owings & Merrill (SOM), the globally acclaimed firm responsible for iconic structures such as the Burj Khalifa and One World Trade Center. Their involvement alone signifies the magnitude and prestige of this project.
Positioned strategically in the sought-after Brickell neighborhood, the tower will be a stone’s throw away from the Brickell City Center and a plethora of upscale dining and retail establishments. Once completed, it will soar to an impressive height of approximately 761 feet, making it a dominant feature of Miami’s skyline.
Diego Ardid, co-president of Key International, shared his vision for the new 848 Brickell. He envisions it as more than just a workspace; it’s a testament to architectural prowess combined with unparalleled amenities that will reshape Miami’s work culture. This isn’t just about meeting expectations; it’s about surpassing them.
The tower is meticulously designed to cater to the burgeoning demand for luxury office spaces in Miami. Boasting 750,000 square feet of office real estate, prospective tenants can expect floor plans ranging from 19,000 to 27,000 square feet, tailored to accommodate diverse sectors such as law, technology, and notably, finance.
What truly sets this building apart is its emphasis on holistic well-being. It’s not just about work; it’s about wellness. The building champions both LEED and WELL rating systems, underscoring its commitment to environmental sustainability and the health of its occupants. Features such as residential-style balconies foster a connection with nature, while a sprawling 40,000-square-foot amenity level, complete with outdoor meeting spaces, lounges, a state-of-the-art gym, an outdoor walking trail, and two regulation-sized Padel courts, ensures that work-life balance isn’t just a catchphrase—it’s a reality.
Strategic Real Estate Moves by Qatar’s Royal Family in Miami’s Financial District
In a significant real estate transaction that has captured the attention of the global financial community, members of Qatar’s esteemed royal family, the Al Thanis, have divested their interests in the SLS Brickell hotel, located in the heart of Miami’s bustling financial district. The property, which stands as a testament to luxury and opulence, was acquired for a sum of $55 million by the Kastrati Group, a conglomerate with Albanian roots.
The SLS Brickell, an architectural marvel situated at 1300 South Miami Avenue, encompasses 124 rooms, translating to a valuation of approximately $444,000 per room. The transaction was facilitated by Miami’s renowned broker, Jordan Karp, who represented both the Al Thanis and the Kastrati Group. Stefano Santoro, a notable figure in the disruptive real estate sector, played a pivotal role in assisting Karp from the buyer’s side. However, the brokers have maintained discretion regarding the intricate details of the buyer’s identity.
This acquisition is particularly noteworthy as it marks the Kastrati Group’s inaugural venture into the U.S. real estate market. Under the leadership of Shefqet Kastrati, the conglomerate boasts a diverse portfolio, spanning sectors such as oil, insurance, construction, and infrastructure.
The SLS Brickell’s history is as intriguing as its architecture. In 2018, an affiliate of the Al Thanis procured the hotel for $43 million from its original developer, the Coconut Grove-based Related Group. The hotel, a 54-story mixed-use edifice, was conceived by the visionary French architect Philippe Starck in collaboration with Miami’s own Arquitectonica. Its offerings include a sprawling 58,000 square feet of event space, gourmet restaurants, upscale bars, a rooftop pool terrace, and grand ballrooms. The management of the hotel is under the aegis of Accor Hotels, a global leader in the hospitality sector.
The real estate landscape of Miami continues to evolve, with the Al Thanis recently divesting an SLS Brickell restaurant space, which was acquired by Robert Rivani’s Black Lion Investment Group for $10 million. Furthermore, the Related Group, in partnership with the Allen Morris Company, has also developed the nearby SLS Lux Brickell Hotel & Residences.
In a broader context, the Miami real estate market has witnessed several noteworthy transactions. Michigan-based hoteliers Malik Abdulnoor and Sahir Malki recently invested $21 million in the Hampton Inn Fort Lauderdale/Plantation. Additionally, the Nakash family from New York, in collaboration with Michael Palmer, acquired the Beacon South Beach Hotel in Miami Beach for $23.5 million.
For hedge fund managers and investors, these transactions underscore the vitality and potential of the Miami real estate market, offering lucrative opportunities for those with a keen eye for value and growth.
Monarch Alternative Capital Buys 801 Brickell Office Tower for $250 Million
The 801 Brickell office tower in Miami is being purchased by Monarch Alternative Capital and Tourmaline Capital Partners for roughly $250 million.
This 28-story building is anticipated to close in the next week. According to property records, the building was finished in 1984 and has a total square footage of 695,000 square feet, 415,000 of which are offices. The building was purchased in 2002 for $80.3 million by Nuveen, the financial division of the Teachers Insurance and Annuity Association of America, or TIAA. Over 90% of units at 801 Brickell are leased.
Among the tenants are the bank Cassel Salpeter, the investment business Selvatra, and Swiss Re AGroup. The 7,000 square foot office will be opened in the fourth quarter by BNP Paribas Securities Corporation, a division of the European bank BNP Paribas. Komodo, a restaurant owned by Groot Hospitality, has a location at 801 Brickell as well.
Approximately 60% of the purchase price is being financed by 801 Brickell’s buyers.
Apollo Capital Management, Canadian asset management CI Financial, and private equity company Thoma Bravo are three financial institutions that have recently leased space in Brickell. Also relocating from Chicago to Brickell is billionaire Ken Griffin’s Citadel and Citadel Securities.
Since Griffin’s $286.5 million purchase of the structure at 1221 Brickell Avenue in the summer of last year, Monarch and Tourmaline’s acquisition is the largest office transaction in South Florida.
With some asking rentals over $100 per square foot, the number of tenants has driven Brickell rents to all-time highs. The 801 Brickell acquisition is partially a bet on rental growth at the tower because, according to sources, new leases are signing for over $100 per foot, which is significantly more than the rates for existing leases.
According to its website, Tourmaline is an office investment company created in 2021 that has made $3 billion in deals and has 1.4 million square feet under construction. Brandon Huffman is in charge of it.
The Citigroup Center in downtown Miami, located at 201 South Biscayne Boulevard, is likewise a property owned by Monarch and Tourmaline. The 34-story tower also has CP Group, formerly known as Crocker Partners, is listed as a co-owner.
New Residential Tower Announced in Brickell
Chicago-based developer Focus has recently released renderings for a new 39-story residential tower in Brickell. The abandoned Starlite Motel land in Brickell is where the residential tower will be built. The Starlite Motel has already been demolished in preparation for construction.
On August 30, Miami-Dade County received the zoning and general plan applications. The project is being approved through the county’s Rapid Transit zoning procedure, which has grown to be a popular substitute for the City of Miami approval procedure. From a pre-application submission on August 4, renderings have been revised. Gensler is the architect.
Development Information:
517 residential units
8,282 sq. ft. of ground floor
indoor/outdoor and rooftop amenity space
506 parking spaces
According to a letter from the developer, the project also has cross-block connectivity on the ground floor via a driveway and walkway on the west side of the property, which will enhance both vehicular and pedestrian circulation inside and outside the development.
The Residences at 1428 Brickell Construction Update
The construction application was just submitted to Miami’s Planning Department for a site work permit for The Residences 1428 Brickell.
The application includes a building permit for site work in the category of excavation, piling, site work, and soil work was made to Miami’s Building Department. According to building department records, demolition permission for a 10-story office structure on the property is all but authorized and just needs proof that the electricity has been turned off.
The application for a second permission to build the new tower vertically was made in March and is still being reviewed. The contractor is listed as John Moriarty.
At 861 feet above the ground, the tower will rank among Miami’s highest structures. According to the developer, it will also be the first residential high-rise in the world with 500 photovoltaic-integrated windows that are partially powered by the sun.
With architecture by Arquitectonica, the building is being designed by ACPV Architects, under the direction of Antonio Citterio and Patricia Viel. Ytech is the developer.
If you or someone you know have an interest in purchasing at The Residences at 1428 Brickell, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Chicago-Based Company Files Plans for 39-Story Residential Tower in Brickell
Focus, a Chicago-based company recently submitted plans for a residential tower at the site of the former Starlite Motel in Brickell. According to records, the company paid $28 million for the property in November 2022.
“Miami’s vibrant metropolis, with its walkable urban cores, offers a dynamic and energetic environment that aligns perfectly with our mission,” said Tim Anderson, CEO and Founder of Focus.
The site’s demolition was finished earlier this year, and it was just permitted to be a part of Miami-Dade’s Rapid Transit Zoning District, which permits higher density. A pre-application for the new skyscraper was submitted to Miami-Dade planners on August 4. Gensler is listed as the architect for this new development.
According to the plans, the tower will rise 39 stories tall and will feature 516 residential units. There will also be ground floor retail, indoor and outdoor amenity spaces, and 506 parking spaces.
Three Story Food Hall to Open in Brickell April 28th
The popularity of food halls in Miami is still growing. Okeydokey, the newest multi-concept dining spot in the city, is scheduled to open in Brickell on Friday, April 28.
Okeydokey bills itself as a food-driven dining and entertainment hub and occupies three floors in a gleaming standalone structure close to Brickell City Centre. Six full-service kitchens, three bars, and a 3,000-square-foot outdoor patio with seating for more than 300 people are all included in the 15,000 square feet of indoor and outdoor area.
The Doce Provisions team’s rotisserie chicken and burgers at Little Bird, Yoso Ramen’s Japanese cuisine, MAC’s Asian fusion cuisine, Dal Plin’s Italian cuisine, and JAFFA’s Israeli cuisine are among the first-floor eateries. Coffee Break, located on the second level, offers fresh-pressed juices, croissants, pies, empanadas, and artisanal coffee.
In addition to beer, wine, and sake, Okeydokey’s three bars will provide a selection of specialty drinks crafted with premium liquors, freshly squeezed juices, handmade syrups, and unique garnishes. The Bye Fe-Lychee! is a tiki-style drink made with reposado tequila, sake, lychee puree, mint, and grapefruit. The Freshly Squeezed is a refreshing combination of vodka, St. Germain, and fresh strawberries. Sun’s Out, Buns Out is an Old Fashioned spiced with ginger, cinnamon, and orange bitters.
The third, adult-only floor of Okeydokey will debut in the second phase. Although an opening date has not yet been set, guests can anticipate an enlarged beverage menu and nightly entertainment options like live music and DJs.
Stephane Benkemoun, a French businessman and co-founder of Okeydokey, created it with the intention of turning a fast-casual dining idea into a classy, immersive location. Okeydokey will be open Monday through Saturday from 11 a.m. to 11 p.m. and Sunday from 11 a.m. to 10 p.m. at 268 SW 8th St. in Miami. Coffee Break will be accessible every day at 8 a.m.
