Breaking Ground-Oak Row Equities Unveils 2600 Biscayne in Miami’s Edgewater
Oak Row Equities, a powerhouse in private equity and real estate development, is setting new standards in Miami’s real estate market. With over $1.6 billion of development already under its belt, the company has recently commenced construction on 2600 Biscayne Boulevard, a groundbreaking project destined to transform Miami’s Edgewater neighborhood into a hub of luxury and modernity.
Situated in the heart of Edgewater, the 2600 Biscayne project epitomizes class and innovation. This 41-story Class AAA tower combines multifamily residential units and premium office spaces, representing a major leap in architectural excellence. Designed by the globally-renowned firm Arquitectonica, and with interiors by Vida, a Portland-based interior design firm, the building promises to be an icon of urban luxury.
The project’s construction is led by Coastal Construction Group, one of the top contractors in the Southeast. With a portfolio that ensures reliability and quality, Coastal is set to bring 2600 Biscayne’s vision to life alongside Oak Row Equities.
Derrick Adams, a celebrated artist, will enhance the visual appeal of the building with a striking public art piece. His work will adorn the tower’s facade, adding cultural depth and aesthetic value to the structure.
2600 Biscayne will feature 187,000 square feet of prime office and retail space, alongside 399 residential units ranging from studios to three-bedroom apartments. Residents will enjoy modern finishes, private outdoor spaces, and breathtaking views of Miami. The residential section starts 135 feet above ground, ensuring an exclusive and serene living experience.
Amenities will cater to every need: a pet spa, a private lounge, a state-of-the-art fitness center, and a 12th-floor amenity deck with a lap pool, cabanas, and BBQ grills. The 41st-floor will boast a coworking lounge and rooftop deck, offering one of the best views in Miami.
The commencement of construction follows the pre-leasing of 50% of the commercial space and the closure of a substantial $181M construction loan from Bank OZK. This marks one of the largest multifamily construction loans in the region for the year. The office spaces, nearly half pre-leased, will occupy the first ten floors in a distinctive pyramid-like design, featuring touchless entries, divisible floor plates, and wellness-focused amenities.
Edgewater is poised to benefit significantly from this project. The neighborhood, already known for its vibrant lifestyle and amenities like Margaret Pace Park, will see a substantial increase in its appeal with the addition of 2600 Biscayne. The development is also strategically located near a planned Northeast Corridor rail stop, enhancing connectivity.
“As we break ground on 2600 Biscayne, we are setting the foundation for what will be the highest quality asset in Miami-Dade County,” said Erik Rutter, Managing Partner at Oak Row Equities. This sentiment is echoed by David Weitz, another Managing Partner at the firm, who highlighted the project’s potential to redefine multifamily and office standards in South Florida.
Redefining Miami’s Skyline: The Rise of Edge House Miami in Edgewater
Miami’s ever-evolving skyline is about to undergo another dramatic transformation, as plans for a soaring 55-story tower have been filed with the City of Miami, Edge House Miami.
The visionary behind this monumental development is none other than Grupo T&C of Peru, spearheaded by the esteemed William Ticona. Backed by a track record of groundbreaking projects, Grupo T&C is poised to leave an indelible mark on Miami’s real estate landscape. Partnering with them is the renowned architect, Kobi Karp, whose innovative designs have garnered international acclaim.
The centerpiece of this development will be a staggering 55-story tower, poised to punctuate the Miami skyline with its sleek silhouette. Housing a total of 592 luxurious condominium units, the tower promises to offer unparalleled vistas of Biscayne Bay and the glittering city below.
What sets this project apart is its embrace of the evolving hospitality landscape. With short-term rentals permitted, residents will have the flexibility to capitalize on Miami’s thriving tourism industry, making it not just a residence but an investment opportunity unlike any other.
While the tower’s architectural marvels are enough to capture attention, it’s the name that truly intrigues. Dubbed “Edge House Miami,” the moniker hints at a residence perched on the edge of innovation and sophistication. Records indicate that Grupo T&C has even applied for a trademark for this evocative title, signaling their commitment to creating a brand synonymous with excellence.
What makes this proposal even more striking is its departure from previous plans for the site. Just a few years ago, Miami’s Urban Development Review Board (UDRB) greenlit a 36-story tower for the same location. However, Grupo T&C’s vision reaches even greater heights, quite literally, with their 55-story masterpiece. This bold move underscores their confidence in Miami’s burgeoning real estate market and reaffirms the city’s status as a global hub of innovation and luxury living.
As the plans for Edge House Miami unfold, anticipation mounts for the transformative impact it will have on Edgewater and beyond. With Grupo T&C and Kobi Karp at the helm, this project represents more than just a development—it’s a testament to the boundless possibilities of architectural ingenuity and visionary leadership.
Exciting New Condo-Hotel Development Set to Transform Miami’s Edgewater Area
Miami is no stranger to stunning developments, and a new project is about to make its mark on the city’s skyline. Urban Network Capital Group (UNCG) and Vertical Development are making waves with their upcoming condo-hotel development, set to be reviewed by the city’s Urban Development Review Board on January 17. This strategic project is located between the vibrant Miami Design District and the bustling Edgewater neighborhood, promising to redefine luxury living in the heart of Miami.
The project spans an impressive 19,292-square-foot site at 445 and 455 Northeast 36th Street, extending to 3618 and 3630 Northeast Fifth Ave. This location is currently home to four small apartment buildings and is conveniently situated south of Interstate 195 along the exit ramp. In September, Residences at 5th Avenue LLC, an affiliate of UNCG and Vertical Development, acquired the property for $13.5 million.
The proposed plan envisions a striking 27-story structure designed by the renowned Miami-based firm Kobi Karp Architecture & Interior Design. KEITH is on board as the civil engineer and landscape architect, ensuring that this development will not only be luxurious but also environmentally conscious. The project will span an impressive 175,557 square feet, offering 180 hotel rooms, 7,290 square feet of retail space, and 121 parking spaces, including vehicle lifts and 24 electric vehicle charging stations.
To achieve the desired density for this remarkable project, the development strategy involves acquiring two transfers of development rights from other city property owners. This strategic move will allow the creation of a fifth-floor lobby and a rooftop pool deck, providing breathtaking panoramic views of Biscayne Bay and Miami Beach.
The building’s design emphasizes contemporary architecture, with meticulous attention to detail to harmonize with and enhance the evolving aesthetic of the Edgewater area. The structure boasts habitable, visually engaging, and practical spaces, featuring aesthetically pleasing architectural screening. This approach effectively integrates the loading area into the overall design while maintaining a sleek appearance.
One of the project’s main goals is to prioritize pedestrian engagement and urban vibrancy. By thoughtfully placing spaces that encourage foot traffic and interaction, the development enhances the street-level experience for both residents and visitors. This approach contributes to the lively urban fabric of the neighborhood.
The hotel’s accommodations will cater to a diverse range of guests, with room sizes ranging from 393 to 2,127 square feet. The layout includes 17 studios, 85 junior suites, 51 one-bedroom suites, 20 two-bedroom suites, three three-bedroom suites, and four four-bedroom suites, with the larger units located on the upper floors.
The proposed development includes several waiver requests to align with the project’s unique architectural and functional requirements while adhering to city zoning regulations. These waivers aim to maximize parking space, incorporate attractive screening along major streets, and improve internal circulation within the parking structure.
Ben Fernandez, a local zoning attorney, represents the developers in their application. This condo-hotel development is the second major project for UNCG and Vertical Development in Miami, following the recent construction loan acquisition for the Visions at Brickell Station condo-hotel. Vertical Development also operates in Argentina, reflecting their commitment to creating exceptional spaces in both local and international markets.
Crafting Elegance Above the Clouds-Unveiling the 56-Story Edition Residences in Edgewater
A significant opportunity has emerged in the real estate sector with the recent submission of a construction permit application for the Edition Residences in Edgewater, a project poised for remarkable returns. This 56-story development represents a strategic investment opportunity.
On December 5th, a comprehensive vertical construction permit application was finalized, following an earlier submission in May which had expired. The latest submission outlines a plan for 187 high-end residential units, coupled with a 13-level parking facility and 3,500 square feet of prime office space.
The project’s scale is impressive, with total new construction covering 1,206,774 square feet. The estimated hard construction cost stands at a substantial $215,750,000, indicating the project’s premium nature and potential for high-value returns.
Coastal Construction, a reputable firm, is on board as the contractor, ensuring quality and reliability in execution. The architectural design of this 649-foot glass tower is being spearheaded by the renowned Arquitectonica, promising a blend of luxury and innovative design.
Moreover, the project is advancing with separate applications already in process for a total demolition permit of an existing older condo building on the site, as well as a seawall permit, paving the way for this new landmark development.
This project presents an exceptional investment opportunity, combining luxury, innovation, and strategic location, making it an ideal addition to any high-yield real estate investment portfolio.
Villa Miami Reveals New Amenity Renderings
Nestled in the heart of Edgewater Miami, a new era of luxury living is on the horizon with the pre-construction project, Villa Miami. This bayfront development isn’t just another high-rise—it’s a collaboration of world-class minds and talents. Spearheaded by Terra Development, One Thousand Group, and Major Food Group, and graced with the architectural genius of Pritzker-Prize laureates like Bjarke Ingels, Rem Koolhaas, and Arquitectonica, Villa Miami is poised to redefine luxury living.
Imagine living in a 58-story crystalline tower, soaring 650 feet into the Miami skyline. The copper-colored, exoskeletal design of Villa Miami isn’t just striking; it’s exclusive. This architectural masterpiece is a sanctuary for just 50 families, offering unprecedented levels of privacy and luxury.
Each residence in Villa Miami is a testament to opulence and state-of-the-art living. From expansive full-floor and half-floor units to magnificent 2-story penthouses, every home offers breathtaking 360-degree views of Biscayne Bay and the Miami skyline. The residences boast spacious floor plans, stainless steel appliances, smart home technology, minimalist kitchens, and complete control over in-residence applications.
The amenities at Villa Miami are equally impressive. Residents will enjoy an elegant lobby, a luxurious pool, a state-of-the-art fitness center, high-speed elevators, round-the-clock concierge service, ample parking with 193 spaces, and over 16,000 square feet of commercial and retail space. A rooftop helipad and a public baywalk add to the allure of this exceptional development.
Location is everything, and Villa Miami doesn’t disappoint. Situated at 710 NE 29th Street in Miami’s vibrant Edgewater neighborhood, it’s within walking distance of cultural hotspots like Margaret Pace Park, the Adrienne Arsht Center for the Performing Arts, and Midtown Miami. Whether it’s shopping in the Miami Design District, exploring the artistic Wynwood Miami, or a quick drive to Brickell, South Beach, or the Miami International Airport, Villa Miami is at the center of it all.
Villa Miami is not just a residence; it’s a lifestyle choice for those who seek the extraordinary. With its blend of visionary design, exclusive living, and a prime location, it’s set to become one of the most coveted addresses in the world. As construction progresses, Villa Miami is not just building homes; it’s crafting a legacy.
New Residential Tower Announced in Edgewater-2900 Terrace
A new residential high-rise is poised to redefine the skyline of Miami’s Edgewater neighborhood, presenting a potential investment opportunity. The blueprint, which is currently under the scrutiny of Miami’s Urban Development Review Board, envisions a 38-story edifice, soaring to a majestic 380 feet.
This ambitious project is slated to encompass a total of 324 upscale residential units, with an average size of 1,069 square feet, tailored to meet the expectations of a sophisticated clientele. Approximately 22,354 square feet allocated for office spaces, designed to cater to high-end professional services.
An additional 13,108 square feet dedicated to commercial ventures, likely to attract premium retail brands. Over 10,000 square feet of park and plaza areas, meticulously planned to foster community engagement and vibrant pedestrian dynamics. A substantial parking structure offering 515 spaces across four levels, levels 2 through 5, featuring an aesthetically pleasing artistic screen.
The landscape architecture is set to feature an array of indigenous trees, selected not only for their compatibility with the local climate but also for their capacity to offer ample shade, enhancing the pedestrian experience. The architectural vision for this tower comes from the renowned firm Arquitectonica, known for their innovative designs that blend functionality with visual appeal.
The development is being spearheaded by 2900 Terrace Owner, LLC, a name that may soon become synonymous with luxury living in Miami. The proposal is scheduled for review on November 15th by the UDRB, marking a date of significance for investors looking to capitalize on Miami’s thriving real estate market.
Ken Fulk Designed Casadonna Restaurant Set to Open in Edgewater this Weekend
In the heart of Miami’s Edgewater district, overlooking the pristine waters of Biscayne Bay, a new luxury dining experience is set to emerge. Casadonna, a collaboration between the renowned Groot Hospitality and Tao Group Hospitality, is poised to redefine waterfront dining in Miami. Designed by the illustrious Ken Fulk, this 20,000-square-foot establishment, opening on October 26, promises an ambiance of opulence and a menu inspired by Italy’s coastal culinary treasures.
With the capacity to host 366 discerning guests, Casadonna offers a Riviera-esque dining experience. As the sun sets, the azure waters of Biscayne Bay and the iconic Miami Beach skyline serve as a mesmerizing backdrop. The menu, a blend of locally sourced and imported Italian ingredients, boasts signature dishes like Crispy Young Artichoke, Royal Dorade Aqua Pazza, and Bistecca Fiorentina. Handcrafted pasta and a lavish crudo bar, featuring delicacies like Langoustine Ceviche and Tuna Carpaccio, further elevate the dining experience. Complementing the culinary offerings are bespoke cocktails and a meticulously curated wine collection, encapsulating the essence of the Italian seaside.
David Grutman, the visionary behind Groot Hospitality, remarks, “Casadonna is a testament to our commitment to excellence. Our collaboration with Tao Group Hospitality aims to offer an unparalleled dining experience, blending authentic Italian flavors with Miami’s vibrant energy.”
Noah Tepperberg, Co-CEO of Tao Group Hospitality, shares the enthusiasm, “Our debut in Miami, in partnership with Groot Hospitality, is a significant milestone. We’re confident that Casadonna will soon be a staple in Miami’s elite dining circuit.”
Nestled within the historic Miami Women’s Club building, Casadonna pays tribute to its roots. The name, a fusion of the Italian words “casa” (home) and “donna” (woman), honors the legacy of the Miami Women’s Club, a beacon of community service and activism since 1900. Among its many accolades, the club played a pivotal role in the inception of what is now the Everglades National Park.
Ken Fulk, the design maestro, has seamlessly integrated the building’s rich history with modern luxury. From the Courtyard Bar, reminiscent of a secret garden, to the Loggia Dining Room with its intricate millwork and custom chandeliers, every corner of Casadonna promises a sensory delight. As patrons traverse the establishment, the allure of Biscayne Bay becomes increasingly captivating.
For those seeking an evening of elegance or a weekend brunch with unparalleled views, Casadonna opens its doors on Thursday, October 26th, with brunch services commencing on Saturday, November 11th, 2023.
SB Developments Releases Renderings for 55 Story Edgewater Project
In the heart of Miami’s Edgewater neighborhood, a new architectural masterpiece is set to redefine the city’s skyline. Located at 419 Northeast 19th Street, this 55-story tower is a testament to modern design and strategic investment.
The project, occupying a 14,190-square-foot triangular plot near the iconic Margaret Pace Park and Biscayne Bay, is a collaboration between the renowned New York-based architectural firm, Fogarty Finger, and a joint venture of SB Development and Hazelton Capital Group. With a towering height of 641 feet, this development will not only be a significant addition to Miami’s skyline but also a beacon of luxury living.
The tower will house 463 upscale residential units within its 553,673 square feet of space. Residents will have access to a number of luxury amenities spanning three levels, including a rooftop pool, sky lounge, state-of-the-art fitness center, and a game room. Additionally, the building will feature an indoor parking facility with a capacity for 172 vehicles.
The design of the tower is a testament to Fogarty Finger’s expertise in crafting architectural wonders. Known for their iconic designs in New York, such as The Dime and 141 Willoughby in Brooklyn, their entry into the Miami market is marked by a structure that captures the essence of its surroundings. The tower’s design, characterized by its slender and curved profile, boasts curved corners, striking horizontal lines, and a pristine white stucco finish. The wraparound balconies with glass handrails and floor-to-ceiling glazing ensure that residents enjoy panoramic views of the city.
A unique feature of this tower is its base and crown, which share a cohesive design language. The facade is adorned with sections of long, narrow horizontal openings screened with aluminum. The crown, however, stands out with its elegantly curved motif that extends from the rooftop slab, adding a touch of sophistication.
The residential units within the tower cater to a diverse clientele, ranging from studio units of 403 square feet to expansive 4-bedroom units spanning 2,322 square feet.
The current site, known as Parcel B, houses an older condo building set for demolition. The new tower will be integrated with the adjacent property, the Cite’ on the Bay Condominium, enhancing the overall value of the area.
However, the developer is seeking several waivers in connection with the project, primarily due to the unique shape of the lot and to ensure efficient vehicular traffic. These waivers include reductions in setbacks, drive aisle width, parking stall length, and the total number of required parking spaces, among others.
With its modern design, luxury amenities, and prime location, it promises to be a jewel in Miami’s real estate crown.
Related Group Secures 18,000 Square Foot Lot in Edgewater for Development
Leading developer Related Group has purchased an 18,000-square-foot land piece in Edgewater, Miami, consisting of three adjacent sites in collaboration with Alex Karakhanian of LNDMRK.
The homes, which are located at 519, 525, and 535 Northeast 29th Street, are in a prime location and provide breathtaking views of Biscayne Bay as well as easy access to the MacArthur Bridge, which connects Edgewater to Miami Beach, and the I-195, which offers a direct route to Fort Lauderdale and Palm Beach. The majority of the undeveloped plot cost $12 million to buy.
According to the President of Related, Nick Perez, “Related identified the growth potential of Edgewater years ago, when we delivered the transformational, four-tower Paraiso Bay community along with Edgewater’s first five-star waterfront restaurant, Amara at Paraiso.
Edgewater offers it all- prime waterfront views, world-class culinary offerings, and easy access to other key hubs, from the Design District to Miami Beach. This newest acquisition is another step forward in our efforts to solidify the area as a true hot spot.”
The site’s particular development plans are still a secret. The land, according to public records, is designated T6-36-A, which allows for the building of up to 36 floors and 150 units per acre. About 60 units might be created within the permitted parameters without the need for further bonuses.
Joel Rodriguez and Alex Suarez of Global Investment Realty served as the deal’s brokers, and PPD Edgewater LLC, run by Esteban Koffsman, was the seller. A well-known real estate firm called LNDMRK Development focuses on finding, acquiring, and building commercial, residential, and mixed-use developments all across the Southeastern United States. Along with The Dorsey and Nomad Residences Wynwood, both of which are in Wynwood, Related and LNDMRK are actively looking for more joint venture options throughout South Florida.
