Abbhi Capital Breaks Ground on 2 Million Square Foot Development at Miami Worldcenter
With a ground-breaking of a 2 million square foot mixed-use development that includes the area’s first significant office building, Abbhi Capital plans to revolutionize Miami Worldcenter.
On September 20th, the city’s Urban Design Review Board will consider the expansive project, which consists of a 59-story residential tower and a 33-story office tower joined by a shared podium with plenty of parking. The property was purchased by SanaProperty8LLC, an affiliate of Abbhi Capital, for a total of $44 million between 2020 and 2021. It is located at 1001 N.E. First Ave. The development will have 1,319 spacious parking places, 7109 square feet of retail and dining space, 368,362 square feet of available commercial space, and 558 residential units.
An amenities deck including a pool, jacuzzi, pickleball courts, fitness center, coworking spaces, media room, and even a dog grooming station will be available to residents and renters on the 12th level. The construction intends to accommodate a variety of lifestyles with the majority of residential apartments beginning on the second floor and ranging from small 570-square-foot studios to roomy three-bedroom residences covering 1,562 square feet.
Ten city blocks make up Miami Worldcenter, which is next to Museum Park, which is home to the Frost Museum of Science and Pérez Art Museum Miami, as well as the FTX Arena, Adrienne Arsht Center for the Performing Arts, and Wolfson Campus of Miami Dade College. Miami Worldcenter is the largest and best-connected transit-oriented development in Florida thanks to its proximity to Brightline’s MiamiCentral station, which provides direct train service to Fort Lauderdale, West Palm Beach, and Orlando and access to Tri-Rail, the Metromover, and the Metrorail.
Miami Freedom Park Begins Construction- Set to Open in 2025
Miami Freedom Park development has officially started construction, with the groundbreaking ceremony scheduled to take place later this year. The Miami Freedom Park development will include the Inter Miami CF stadium, a 58-acre public park, and an entertainment zone spreading over 131 acres with a 25,000-seat soccer-specific stadium at 1802 Northwest 37th Avenue in Grapeland Heights, Miami.
A 58-acre public park, the largest new park in Miami, youth athletic fields, a full range of entertainment and commercial offerings, including office space, a hotel, shops, restaurants, and additional experiences and attractions are all included in the privately funded recreational project.
A construction crew is currently working on-site in preparation for vertical construction. Miami Freedom Park’s first phase will advance quickly during this multi-phase project. Both the rehabilitation proposal for the former Melreese Country Club and the lease for Miami Freedom Park have previously received approval from the City of Miami Commission and the general public.
In order to improve this iconic new destination for Miami, leasing and commercial partnership efforts are being made to entice best-in-class partners, tenants, and retailers, including existing and developing brands and companies.
At the beginning of the year, Inter Miami CF ownership hired Devon McCorkle, a seasoned megaproject and sports-anchored real estate investment and development veteran, to head the initiative as President of Miami Freedom Park. For Miami Freedom Park to reach this milestone and advance the project into the execution phase once it has finished the planning and approvals phase, Devon has further assembled a team of best-in-class design, engineering, project management, and construction firms.
Miami Freedom Park will bring further retail, hotel, and commercial phases through 2030 when the stadium is delivered in 2025, along with the initial retail and entertainment services.
Miami-based architecture firm Arquitectonica, international arena and stadium design company Manica, and industry-leading large-scale stadium project managers CAA Icon make up the renowned Miami Freedom Park team.
Demolition Permit Filed for Mohawk at Wynwood
Mohawk at Wynwood’s developers file for demolition permit along with updated plans in an effort to quickly begin site preparation for the mixed-use project
The plans for Mohawk now include 35 more units totaling 260 residential units, 20 of which will be two-story lofts. There will also be 335 parking spaces, 1,500 square feet of retail space, and 31,000 square feet of private offices as additional additions. Electric vehicles will receive a 25% allocation.
Mohawk’s design brings the edginess of local artist’s murals and modern steel framing to create a master piece that targets young entrepreneurs.
Building Features:
12-story building
225 residences
3,500 square feet of office space (for residents only)
22,000 square feet of retail space
Designed by Deforma Studios
1, 2, and 3 bedroom unit options
Building Amenities:
Rooftop pool
Bar
Lounge
Chef’s dining room
Children’s room
Game room
2-story gym
Yoga room
Dog park
Outdoor greenway
The development will be sited on a 1.5-acre build site with rooftop pool, fitness facility, dog park, indoor yoga studios, and other amenities are available to residents. Additionally, The Rider at Wynwood, a 131-key hotel/apartment intended for short-term rentals, will be close by.
Both projects were created by Rilea Group. Jaxi Builders is in charge of demolishing Mohawk in Wynwood, and DeForma Studio is in charge of the design. The exterior of Mohawk at Wynwood will emulate metal-accented Chicago brick facades. Mohawk in Wynwood is located at 50 N.E. 29th Street, Miami, Florida 33137.
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.
The Crosby Miami Worldcenter Receives Construction Permit
The Crosby Miami Worldcenter, a future 33-story mixed-use building situated within Miami Worldcenter at 601 North Miami Avenue in downtown Miami, has recently received a construction permit from Miami’s Building Department. The 376-foot-tall building will include 450 units that can accommodate short-term rentals, more than 22,000 square feet of amenities, and 3,370 square feet of retail space.
Designed by Cohen Freedman Encinosa & Associates Architects, with interiors imagined by Avro|KO, and developed by DT G Block LLC, a joint venture between Related Group and Merrimac Ventures.
The vertical construction permit was issued on August 7th and states the anticipated gross square footage is 394,240. The construction expenses are around $68.4 million.
Residence Sizes
studios ranging from 300 to 400 square feet
1-bedroom units with sizes of 600 to 650 square feet
2-bedroom layouts covering around 825 square feet
Residence Features:
Avro|KO-curated furniture
9-foot-tall ceilings with floor-to-ceiling glass windows
balcony with each residence
finished interior and exterior flooring
gourmet kitchens with custom Italian cabinetry
Bosch appliances including paneled refrigerator/freezer
dishwasher
built-in convection oven/microwave
cooktop
rain showers in primary bathrooms
custom Italian vanities
full-sized washer and dryer in the unit
contemporary lighting packages
smart-home systems with touchless controls including a smart keyless entry system accessible via smart app, door code, keycard, or Apple Watch
Building Amenities:
rooftop pool
Jacuzzi
cabanas
private restaurant/bar
fire pit lounge
fitness center with saunas/plunge pools
clubroom with private dining
co-working center
gaming lounge
media room
curated art
Security services and concierge assistance are available 24/7
Top-off and construction completion is expected in early 2025.
Interior Renderings Revealed for ONE Park Tower
The interiors and amenities of ONE Park Tower, a 33-story residential structure proposed for 2411 Laguna Circle, tucked within the vast SoLé Mia master-planned neighborhood in North Miami, have been revealed in new drawings. The Turnberry-led development will include 299 luxury condominiums with breathtaking views of the seven-acre Crystal Lagoons amenity and the surrounding idyllic natural landscapes.
With generously proportioned one, two, and three-bedroom apartments, as well as a number of penthouses, these dwellings are intended to accommodate a variety of lifestyles. The expansive views of the stunning turquoise lagoon, the green Oleta River State Park, the glittering Biscayne Bay, the limitless Atlantic Ocean, and the fascinating Miami city skyline are all visible from every unit.
The development was designed by renowned architecture firm Arquitectonica, with interiors by the internationally acclaimed Meyer Davis and landscaping by Enea Garden Design. ONE Park Tower offers a lifestyle of unrivaled elegance and ocean views together with exclusive beach access and upscale facilities.
The interiors of the residences, which range in size from 900 to 2,100 square feet, are expertly planned to meld the site’s natural beauty with the vibrant vitality of the nearby metropolitan environment. Large wrap-around terraces with exquisite glass railings are made possible by expansive glass walls and high ceilings that seamlessly link the internal and outdoor areas. With porcelain floors, roomy master bedrooms, walk-in closets with optional improvements, and opulent master bathrooms with stunning wet rooms with showers and soaking tubs, each apartment will exude sophistication.
The focal point of the SoLé Mia neighborhood is a crystal-clear swimmable lagoon that is the equivalent of 21 Olympic-sized swimming pools. This magnificent amenity, which offers a dedicated lagoon-front beach furnished with inviting umbrellas and cozy beach chairs, will be a special treat for residents of ONE Park Tower by Turnberry. The property staff will go above and beyond to meet residents’ needs, providing the extraordinary service for which Turnberry is known. Residents can hire kayaks and stand-up paddle boards from a dedicated Beach Concierge, giving them the freedom to explore the calm waters at their own pace.
The 37 acres of vivid green space that makeup ONE Park Tower by Turnberry are dedicated to promoting a healthy and active lifestyle. Eight miles of bike and running paths, private swimming pools, and pickleball courts are available to residents as recreational opportunities to keep them active and interested.
Modern fitness facilities, spa services, and massage therapies are available at the state-of-the-art wellness center, which is a haven of renewal. For those looking for a productive setting, co-working spaces, a well-stocked library, and private event rooms for gatherings and special occasions are also available. The dedicated children’s playroom makes sure that young residents have a place to run around and play, while the climate-controlled wine lounge caters to wine enthusiasts. A gated entry and round-the-clock security ensure a safe and serene living environment. Security is of the utmost importance. Additionally, residents’ daily life is made more convenient by protected garage parking that includes EV charging stations.
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.
Indian Creek Residences & Yacht Club Secure Financing for Construction
Indian Creek Residences & Yacht Club, a boutique residential development that will have condominium units and a private marina, is being built on Miami’s Bay Harbor Islands by the New York and South Florida-based Landau Properties. Financing has now been secured for the property with official sales projected to start in Fall 2023.
Indian Creek Residences & Yacht Club’s $29 million construction credit was originated by Miami-based private real estate lender BridgeInvest. Its flagship fund, BridgeInvest Specialty Credit Fund IV, focuses on development, bridge, and value-add financing across the United States. BridgeInvest provided the construction funding, which was organized by Raffi Landau of Estreich and Company.
According to the CEO of Landau Properties, Jonathan Landau, “We are pleased to have the confidence of BridgeInvest on this very special project that will offer an unparalleled opportunity on the Bay Harbor Islands. We received strong lender interest for this project, and this financing package affirms our team’s ability to create an incredible residential experience with a combination of an amazing waterfront location, service-oriented lifestyle, and world-class design. BridgeInvest, a highly regarded lending institution in South Florida, proved to be the perfect partner given their established local presence and robust construction abilities…”
Nine opulent condominium residences and six exclusive yacht docks will be part of Indian Creek Residences & Yacht Club. One of the only private yacht clubs in the region is housed in the boutique structure, and guests may enjoy a sought-after view of the prized Indian Creek Island. Kobi Karp is designing the waterfront complex, and Linda Zarifi of Zarifi Design is handling the interiors.
Miami Freedom Park Construction Update
The location where Inter Miami’s stadium is slated to be built has officially received site work permits from Miami’s Building Department.
In the most recent few weeks, two different permissions were issued. The first one was released on July 14th. It is for work that is categorized under excavation/piles/site and soil enhancement and is expected to be worth $30,759,715.
The second permit, which is listed as excavation/piles/site and soil enhancement category and for a different address, was issued on July 25th and is estimated to be worth $5,240,284.
According to records, the property’s tree and demolition permits are still being reviewed and have not yet been given.
The contractor for Miami Freedom Park is listed as Downrite Engineering. Jorge Mas, the managing owner of Inter Miami, stated in June that the start of construction was anticipated “any day now,” and that it would take a few weeks.
Last year, the Miami City Commission approved a 99-year lease agreement with Inter Miami CF. On September 13, the Miami City Commission authorized zoning that would allow for the development of a 25,000-seat soccer stadium, a 750-room hotel, a 58-acre park, and a 1 million square foot commercial complex with retail, offices, and entertainment on 130 acres of land at Melreese Country Club.
The new stadium’s opening is planned for the summer or early fall of 2025, according to Mas.
Pre-Construction Sales for The Avenue Hotel & Residences Coral Gables Reach 65% Sold
The Avenue Hotel & Residences Coral Gables, a boutique tower with a neo-classical design on San Lorenzo Avenue in Coral Gables, has reached 65% sold during pre-construction.
The Avenue Coral Gables Hotel & Residences is being constructed at 351 San Lorenzo Avenue by Roger Development Group, a family-run, fully integrated real estate development and management firm with its headquarters in Coral Gables.
This development will rise eight stories and will feature a collection of 48 residences with one to two-bedroom layouts outfitted with modern Italian kitchens and bathrooms. Designed by Bermello Ajamil & Partners with fully-furnished interiors by renowned interior designer Adriana Hoyos Design Studio, best known for world-class tropical luxury-inspired interiors. Starting at 598 to 1,200 square feet, the homes are spacious. 3,861 square feet of upscale retail space on the ground floor round out the building.
Amenities:
Front desk reception
Hotel services
Valet parking
Newspaper and package delivery
Outdoor hammock garden
Resort-style pool deck on level 9
Summer kitchen
Family dining area
Prices range from $730,000 to over $1.3 million, and construction is expected to be finished in early 2025, with construction set to begin in the fall of 2023.
If you or someone you know have an interest in purchasing one of the units at The Avenue Hotel and Residences Coral Gables, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
