Dolce & Gabbana Partners with 888 Brickell on 90-Story Residential Tower
Dolce & Gabbana debuts its first real estate project in Miami at 888 Brickell Avenue in Downtown Miami. Designers Domenico Dolce and Stefano Gabbana ‘selected’ the condominiums, which come in several marble selections and colors.
Michael Stern, CEO and founder of the developer JDS Development Group stated that the involvement of the fashion house in residents’ daily lives will go beyond the structure of the one- to four-bedroom condos and/or the building’s opulent amenities. Instead, each of the 259 homes will have a full “curation” of everything inside.
The three color schemes include: white with Bianco Striata Marble, black with Nero Marquina Marble, and gold with Giallo Imperiale Marble.
According to Stern, the homes include “very elaborate marbles, amazing light fixtures… and an incredibly luxurious palette.” People have a lot of freedom to make from the options for their units.
The building was designed by Studio Sofield, the same company that also worked on notable projects like New York’s rail-thin Steinway Tower, and depictions show opulent details like Venetian chandeliers and freestanding bathtubs in front of expansive ocean views.
The company’s CEO, Alfonso Dolce, indicated that the ultimate objective is to become “ambassadors of ‘Made in Italy’ in the world” and to expand “the perimeter of the company’s activities with a view to an all-round lifestyle experience.”
The amenities that are often found in high-end buildings, such as restaurants, bars, fitness centers, shared offices, and conference rooms, will be available to 888 Brickell residents. Additionally, there is a 4,000-square-foot pool deck with a 44-foot pool and views of Miami Beach, Biscayne Bay, and the Atlantic Ocean.
The most luxurious condos will cost more than $35 million, with prices starting at about $3.5 million.
Dolce&Gabbana is not the only luxury brand investing in Florida in this way. Bentley and Porsche, two Volkswagen Group-owned car companies, have also built towers along the state’s coastline, while Armani provides residents with access to a private beach from its skyscraper.
Meanwhile, the number of fashion industry leaders opening branded hotels throughout the world has increased recently. Examples include Bulgari, Versace, and Roberto Cavalli. They do this by drawing on their well-established aesthetics and identifiable designer brands.
Hakimian South Tower Proposed in Downtown Miami
A 42-story residential tower with a central location in Downtown Miami has just had its plans submitted to the city’s Urban Development Review Board. Rising 42 floors or 467 feet tall, the Hakimian South Tower is planned to have the following features:
631 residential units
3,140 square feet of commercial space
469 parking spaces on 8 levels
The submittal did not include any plans for the north tower. A property to the north of it is designated for potential development. A 30% parking reduction is among the seven coning waivers that are being asked for.
The architect is Corwil Architects with the developer listed as 16th Street Partners, LLC. The next hearing is scheduled for the Urban Development Review Board on July 19th.
Miami Riverbridge Development Approved
The lease between the City and the joint venture led by Hyatt and Gencom was unanimously authorized by the Miami City Commission with a vote of 5-0. This choice represents an important step forward for the ambitious Miami Riverbridge project at 400 Southeast 2nd Street, paving the way for the revitalization of Downtown Miami’s riverside area.
The agreed lease deal opens the door for joint initiatives between Hyatt and Gencom to improve accessibility, encourage walkability, and bring a variety of offerings to the bustling city. The joint venture may now go forward with finalizing the construction plans in close collaboration with the City thanks to this significant endorsement.
The Miami Riverbridge project has already had resounding public support, garnering an amazing 64% of voters’ approval in the November election. This broad acknowledgment of the project’s transformative potential emphasizes its significance to the local community and visitors alike, sparking excitement for Downtown Miami’s future.Riverbridge in Miami. Credit: Gencom and Hyatt.
Both Phil Keb and James Francque, speaking on behalf of Gencom and Hyatt respectively, acknowledged how grateful they were that the City Commission had approved the lease. They reaffirmed their steadfast dedication to bringing about a great development that satisfies the community’s ambitions while also making a major contribution to Miami’s economic development.
Now that the leasing arrangement is finalized, the Miami Riverbridge project can move forward, realizing the riverfront’s full potential and creating a vibrant urban environment. The joint venture’s goal is to accommodate the rising demand for homes, hotel rooms, and event venues while also bringing in a sizable sum of money for the City in the form of taxes, fees, and ground rent.
Three towers affording residents and hotel visitors sweeping views of Downtown Miami and Biscayne Bay are part of the site’s plans, which were created by Miami-based Arquitectonica. 682 multifamily apartments, a 615-room Hyatt Regency with more than 100,000 square feet of conference space, and 264 serviced apartments will be housed in Towers One and Two, which will rise 61 stories. A Skybridge with an upscale destination restaurant and lounge positioned 700 feet above the city will connect the towers at their highest point. Tower three will rise 1,049 feet in the air and contain 860 residential apartments, making it one of the tallest structures in South Florida.
Miami Worldcenter Welcomes New Lucid Motors Location
Lucid Motors, a producer of high-end electric vehicles, has unveiled the opening of its newest plant at Miami Worldcenter, a revolutionary $6 billion, 27-acre mixed-use development in Downtown Miami.
Lucid Motors has joined the list of freshly launched restaurants and bars, well-known national retailers, and the citizenM Miami Worldcenter hotel as concepts. Earls Kitchen & Bar, Maple & Ash, Sports & Social, Bowlero, and the renowned Museum of Ice Cream are just a few of the exciting new attractions that will soon be opening. Miami Worldcenter, one of the biggest privately owned and constructed urban real estate projects in Florida, provides a vibrant mix of residential, business, and hospitality facilities as well as a staggering selection of shopping, dining, and entertainment options.
The almost 23,000 square foot space includes a Lucid Studio where clients may test-drive the company’s upscale electric cars, including the lauded Lucid Air sedan. The building also functions as a service and delivery center for Lucid Air, open Monday through Friday from 11:00 a.m. to 7:00 p.m. and on weekends with modified hours.
The project is overseen by Managing Partners Art Falcone and Nitin Motwani and is managed by Miami Worldcenter Associates in collaboration with CIM Group. Nitin Motwani expressed delight about the inclusion of Lucid Motors, highlighting the brand’s cutting-edge premium appeal and its commitment to the goal of Miami Worldcenter as a lively live, work, and play destination in the center of the city.
In addition to its amenities, Miami Worldcenter has World Square, a lively 20,000 square foot public plaza and park intended to serve as a hub for gatherings. With alternatives for dining, entertainment, and shopping, the plaza provides open space, shaded places, and sidewalks that are favorable to pedestrians.
The $5 million public art project at Miami Worldcenter, organized by the Miami-based curatorial collective PRIMARY and renowned art dealer Jeffrey Deitch, turns the building into a permanent outdoor gallery. Large-scale murals, paintings, and sculptures, as well as other contemporary and modern works by internationally renowned artists, are on display as part of the effort.
Museum of Ice Cream to Open at Miami Worldcenter
In 2024, Miami Worldcenter will welcome the permanent opening of the Museum of Ice Cream. The new facility will be more than 14,000 square feet on two levels, with an entrance on the pedestrian promenade of Worldcenter.
The Museum of Ice Cream will feature 10 interactive installations that are inspired by Miami including, MOIC’s sprinkle pool, the Hall of Freezers, Mary-E’s Diner, and the Cream Liner.
There will also be 5 stations where guests can taste sweets during the 60-90 interactive tour
The art installation was originally open in 2017 at Faena Miami Beach for as a temporary location for 2 months but was so popular, they kept the installation up for 6 months.
Museum of Ice Cream is located at Miami Worldcenter at 851 NE 1st Avenue, Unit 134, Miami.
Miami Worldcenter is a $6 billion mixed-use complex in downtown Miami, which is spread across 27 acres and ten city blocks and includes retail, hospitality, business, and residential areas, is one of the biggest private urban real estate developments in the United States. Three residential buildings, a sizable chunk of the retail area, and a recently built CitizenM hotel are among the project’s phases that have already been finished and are occupied.
Miami Riverbridge Project Receives Approval for Construction in Downtown Miami
On May 11, Miami commissioners voted overwhelmingly to accept the waivers required for the reconstruction of the Hyatt Regency in downtown Miami, Miami Riverbridge. This new supertall tower has also seen the release of new renderings.
Estimated to cost approximately $1.5 billion, the project calls for three new towers, two of 61 stories and one 95-story supertall, which would contain over 1,500 residential units, a new flagship 615-key Hyatt Regency hotel and 264 branded serviced apartments, 190,000 square feet of Class A meeting and events space, commercial and retail spaces, over 1,000 parking spaces and 50,000 square feet of open public space including a 480-foot-long rejuvenated riverwalk.
Arquitectonica is the architect of the Miami Riverbridge, which is being built by Hyatt Hotels Corporation and Gencom under the HRM Owner LLC.
The public benefits that the massive project would bring to the site and vicinity were underlined by Miami Riverbridge’s developers. Improvements to the streetscape for a better pedestrian experience and quicker access in and out of Miami’s urban core would relieve the congestion and traffic flow in this area of the city, which is frequently crowded and polluted by traffic.
The developers consented to give $25 million to help fund affordable housing in Miami. The project’s development would result in the creation of 4,500 jobs, with a rise in permanent employment from 350 to 900. Miami RiverBridge would bring in nearly $1.5 billion in city taxes, levies, and ground rent that could be used to expand public benefits throughout the city. Land leasing rent would rise from $250,000 to a minimum of $2,500,000, or 2.5% of gross receipts. A project park impact fee may also be used to pay for the renovation and reopening of the nearby Fort Dallas Park and the preservation of the nearby historic Flagler Worker’s House, which is located on city-owned property.
The convention center and the 40-year-old Hyatt Regency would be demolished to make room for the new complex if the proposal were to be accepted. By 2023’s end or the beginning of 2024, the developers hope to secure financing. The third tower is expected to be completed in Q3 2029, with the first two towers arriving by Q3 2028. Construction is anticipated to start in 2025.
Two Miami Restaurants Added to the Michelin Guide 2023
Two additional Miami restaurants have recently been included in the Michelin Guide’s 2023 edition including Rosie’s in Little River and Jaguar Sun in downtown Miami. The two restaurants were chosen as “Bib Gourmand” restaurants.
The certification indicates that the restaurants are “approachable in terms of price and atmosphere,” according to Gwendal Poullennec, International Director of the Michelin Guides.
Rosie’s, a restaurant that serves Southern food and prime brunch favorites includes fluffy banana pancakes with vanilla custard, deviled eggs with chicharrones, and biscuits in guanciale sauce. Larger appetites can be satisfied with heartier dishes like fried hot chicken and waffles or a hearty serving of fried fish and grits with collard greens.
Jaguar Sun is a popular restaurant noted for its homemade pasta and drinks and is situated in the downtown Miami Alea building. Warm Parker House buns and towering Caesar salads serve as the prelude to dishes like spicy strozzapreti with plump mussels, ‘nduja, and breadcrumbs or umami-packed mushroom tagliatelle.
Other Miami restaurants are on the list and include Brasserie Laurel, Fiola Miami, Lido, Lion & the Rambler, Tambourine Room by Tristan Brandt, The Gibson Room, and Walrus Rodeo.
The news was released ahead of the Michelin Guide Ceremony for 2023, which will be held on May 11 at LoanDepot Park in Miami. When the Michelin Guide Ceremony was first in Miami in 2022, 19 local eateries were named Bib Gourmands, and 11 Miami restaurants received Michelin stars.
David Martin of Terra Group Acquires Prime 15.5 Acre Previous Miami Herald Site in Downtown Miami for $1.225 Billion from the Genting Group
Terms have been agreed upon for the purchase of a 15.5-acre development property on Biscayne Bay in Downtown Miami by SmartCity Miami LLC, an investment company led by Miami-based Terra and its CEO, David Martin. Genting Group will sell the property to the organization for $1.225 billion (USD). The closing is scheduled for later this year.
The property, which is located at 1431 N Bayshore Drive in Miami, has 800 linear feet of direct Biscayne Bay frontage and highly aggressive zoning in one of the city’s most vibrant and connected neighborhoods. A notable mixed-use commercial, retail, residential, hospitality, and entertainment destination could be developed on the location.
The buyer of the property is a longtime Miami resident, Miamian David Martin, CEO of a Miami-based development firm, Terra Group.
According to Martin, “This is a prized piece of real estate in the heart of one of the world’s most dynamic and fastest-growing cities, and we are honored to have been selected as the property’s next owner. At Terra, we have a long history of enhancing communities and transforming neighborhoods through careful planning, beautiful design, and a focus on connectivity and resiliency. Our development on Biscayne Bay will continue this tradition. “
Martin continues, “The scale and location of this site offers the opportunity to do something spectacular, something that all Miamians can take pride in, and we will deliver nothing short of that. For now, our team is focused on understanding the full potential of the property and the surrounding area. Our vision will evolve as we learn more. Over time, we will arrive at a plan that elevates Downtown Miami, improves access to the waterfront, and is welcomed by our community.”
The rare riverfront location in the Omni District was valued at just about $1.5 billion. The 15.5-acre development site, known as BayCity Miami, now hosts ArtMiami’s Art Wynwood show in February as well as CONTEXT Art Miami every year during Miami Art Week. The Miami Herald’s main office had stood on the land and was destroyed in 2014.
The Resorts World operator Genting Group, which owns 10 acres of land west of Biscayne Boulevard, will continue to be involved in the Omni neighborhood. Genting Group is one of the biggest resort, entertainment, and gambling organizations in the world.
The property, which spans many lots and once housed the Miami Herald’s headquarters, is zoned RTZ for mixed-use in Miami-Dade and is in the Metromover subzone (Rapid Transit Zone). The land has limitless buildable square footage, no setbacks, a height limited only by the FAA standards (649 feet), and a potential density of more than 8,000 units according to South Florida’s most benevolent zoning designation. The RTZ zoning offers builders a sizable, incredibly flexible building envelope as well as the chance to create a unique waterfront development on the site.
By comparison, Miami Worldcenter is 27 acres.
13th Floor Investments and Key International Reach an Agreement with Presbyterian Church Site to Move Forward with Construction
At 609 Brickell Avenue in Miami, a new 80-story project, created by Sieger Suarez Architects, and developers 13th Floor Investments and Key International is moving forward.
The congregation and the Miami-based developers have a “transaction and development agreement,” according to a memo filed with the Miami-Dade Clerk of Court on March 2nd. The developer’s right to purchase the property, their duty to build the project there in accordance with the agreement, and their duty to transfer ownership of the new church improvements to the church after substantial completion are all included in the terms of the agreement. Only a memo verifying the existence of the arrangement was recorded. Other details of the agreement have not been released.
13K-BP Brickell Owner LLC is identified as the developing firm, while Arnaud Karsenti is mentioned as the developer’s authorized signatory on the letter. The project’s goal is to utilize the land that is currently used for parking and a religious school building at the back of the property while maintaining the main church structure.
The agreement provides a number of advantages for the congregation and might be worth $240 million to the church. As part of the arrangement, the church will be granted access to 148 parking spaces, 90,000 square feet of space in the new structure, and a small park. In exchange, the church will receive $48 million in cash, 15% of condo sales estimated to be $125 million, and a portion of revenue from the restaurant on the ground level.
The iconic 1949-built First Miami Presbyterian Church, was named a historical landmark in 2003, will continue to stand. The church had previously struggled with money, including a $7 million tax obligation in 2018 as a result of selling part of its lands.
The document submitted to Miami-Dade County does not specify the specific terms and conditions of the sale. It does, however, confirm “the Developer’s Obligation to Construct the Project on the Property in Compliance with the Agreement.”
