FAA Approves Permits For 57-Story ‘M-Tower’ At 56 SW 1st Street In Downtown Miami
Plans for M-Tower permits has been officially been approved but The Federal Aviation Administration (FAA) in Downtown Miami. The permits allow for the structure to rise 605 feet above ground or 615 feet above mean sea level. This approval, granted on July 2, 2024, is valid until January 1, 2026.
M-Tower is being developed by Lions Group NYC and Fortis Design + Build under the Downtown 1st St LLC banner. The 57-story building will be located at 56 Southwest 1st Street, near Miami’s Government Center. The project, designed by Nichols Architects with landscape architecture by Naturalficial and civil engineering by Kimley-Horn, will include 675 residential units, a public parking garage with 694 spaces, and 10,531 square feet of ground-floor commercial space.
The residential units will be a mix of studios, one-bedroom, and two-bedroom apartments, totaling 507,070 square feet. The ninth floor will feature amenities such as a landscaped outdoor deck with two pools. The project aims to enhance the streetscape with aluminum-framed window wall systems and integrated art murals selected by the Miami Parking Authority for the eight-story parking garage.
Total demolition permits have already been approved and issued for both sites at 56 and 70 Southwest 1st Street. The BG Group LLC is listed as the contractor for the demolition, estimated at a combined $505,000 worth of work. The site previously housed a 56-year-old municipal parking garage, which will be demolished to make way for the new development.
This development is part of a broader revitalization effort in downtown Miami, which includes multiple new residential, commercial, and office projects. The completion of M-Tower will further contribute to the area’s transformation, offering modern living spaces and commercial opportunities in the city’s heart.
Discover Solana Bay: Miami’s New Boutique Residential Enclave
A new residential boutique in Miami, Solana Bay, has recently unveiled its first-look renderings by the award-winning design firm Avenue Interior Design. Solana Bay promises an unparalleled coastal sanctuary with its elegant architecture and seamless blend of indoor and outdoor living.
With just 52 elevated residences, Solana Bay offers an exclusive living experience. The residences range from two to four bedrooms, each featuring masterfully executed design and customizable options for a personalized touch. The interiors exude a warm and inviting ambiance with museum-quality finishes and flow-focused layouts that maximize stunning views from every angle.
Located at 2305 NE 123rd St. in North Miami, Solana Bay is a collaboration between BH Group and Kolter Urban, with architectural design by Arquitectonica. Sales and marketing are managed by Douglas Elliman Development Marketing, ensuring a seamless experience from purchase to move-in.
Solana Bay’s luxury address offers a range of amenities designed to enhance residents’ lifestyles. The lobby features a private dining area and bayfront terrace, while the Residents Lounge provides morning coffee, tea, pastries, and a weekly wine and cheese happy hour. The rooftop pool deck offers a private-club atmosphere with cabanas, daybeds, and an outdoor bar.
Fitness enthusiasts will appreciate the state-of-the-art Fitness Center, complete with yoga and Pilates studios, and an outdoor space for meditation. For those who love the water, a standup paddleboard launch and storage allow easy exploration of Biscayne Bay. Additional amenities include a TV Lounge & Library, Executive Board Room, Game Room, Library Lounge, and a paved Bay Walk for leisurely strolls along the shoreline.
Solana Bay represents a departure from typical high-rise towers in Miami. Its design focuses on balance, calm, and luxury, creating a living experience unlike any other. The residences and amenities reflect a sense of warmth and elegance, with textures, materials, and finishes that create a luxurious and welcoming atmosphere.
Penthouse at Rivage Bal Harbour Hits the Market for $75 Million
A stunning ultra-luxe penthouse has recently hit the market at Rivage Bal Harbour for $75 million, setting the one-of-a-kind unit as one of the most expensive listings in Miami. Rivage Bal Harbour is a 54-unit luxury oceanfront condominium being developed by Related Group, Two Roads Development, and Rockpoint and is one of the neighborhood’s first new developments in 20 years.
The penthouse offers 5 bedrooms, 7 bathrooms, and 3 powder rooms, spanning a total of 17,521 SF. The interior measures 12,603 SF, while the exterior offers 4,918 SF of space. Unique features of this penthouse include a multi-level terrace, private outdoor pool, media room, game room, library/lounge, fitness studio, outdoor kitchen, and a private elevator.
Residents of Rivage Bal Harbour will have access to a private beachfront enclave and a wide range of resort-style amenities. The development offers 25,000 SF of exceptional amenities, including a luxury spa, fitness pavilion with ocean views, game rooms, multiple lounges, and a world-class restaurant overlooking the beach and ocean.
Some of the key amenities at Rivage Bal Harbour include:
Signature oceanfront dining experience: Exclusively for residents and their guests.
Curated social spaces: Media room, library, breakfast bar, and cocktail lounge.
Activities deck: Resort-style pools, outdoor spa, sunbeds, cabanas, poolside food and beverage service, pickleball and padel courts.
Rivage spa: Sauna, hammam, hot and cold plunge pools, and private treatment rooms.
Fully serviced beach club
State-of-the-art fitness center: High-impact training room and yoga studio.
Virtual reality game simulator
Imaginative children’s playroom
Bicycle storage
Service amenities at Rivage Bal Harbour include a residential butler and estate manager to facilitate deliveries, errands, and in-residence services such as personal chef services, shopping, medical concierge, housekeeping, laundry/dry cleaning, and maintenance. Additional services include in-residence dining and catering, 24-hour security and valet services, a house car, on-site general manager, and a mailroom with secure package technology.
For those interested in this exclusive penthouse, a unique sales experience utilizing Fortnite technology is available for ultra-realistic virtual reality tours. This cutting-edge technology allows buyers to explore and share tours via a link, with instantly interchangeable finishes to explore various possibilities.
Bal Harbour has been an elite enclave since its inception in 1929, offering one of the most sophisticated and culturally rich versions of South Florida’s glamorous lifestyle. With its luxurious amenities and unparalleled features, the $75 million penthouse at Rivage Bal Harbour truly embodies the epitome of luxury living in Miami.
Foundation Pour Completed for Mercedes Benz Places Miami
The foundation pour for the impressive 67-story Mercedes Benz Places Miami has been successfully completed, as announced by the developer on their social media account. This significant achievement sets the stage for the vertical construction, which is scheduled to commence in July.
The foundation pour took place in the last week, involving a colossal effort with over 10,000 cubic yards of concrete being transported to the site. This marks one of the largest concrete pours in the region, highlighting the scale and ambition of the project.
Mercedes Benz Places is not just another building; it is one of the largest developments currently under construction in Florida. The project spans an impressive 2.5 million square feet, making it a significant addition to the state’s skyline.
Upon completion, Mercedes Benz Places will feature 791 residential units, providing luxurious living spaces in the heart of the city. In addition to the residential units, the development will include office spaces, a hotel, retail outlets, and various amenity spaces, offering a comprehensive and vibrant community for its residents and visitors.
With the foundation pour now completed, all eyes are on the upcoming vertical construction phase set to begin in July. As the tower begins to rise, it will not only transform the skyline but also set new standards for mixed-use developments in the region.
Boasting 791 residences ranging from studios to three-bedroom condominiums, each unit offers panoramic views of Miami, Biscayne Bay, and the Atlantic Ocean. Beyond its residential offerings, the tower will feature 130,000 square feet of amenities and hospitality space, 200,000 square feet of office space, a 174-key hotel, retail outlets, and ample on-site parking.
What sets Mercedes-Benz Places apart is its commitment to innovation and sustainability. The project incorporates cutting-edge mobility solutions, including EV charging stations, valet parking, and bike-sharing programs, ensuring residents embrace a seamless urban lifestyle. Moreover, sustainability lies at the core of its design, with initiatives such as energy-efficient production and water conservation contributing to a greener, more eco-conscious community.
ABH Developer Group Unveils Two Exciting Projects in Wynwood Norte
ABH Developer Group is transforming the Wynwood district in Miami with two newly launched projects, Wyn Ave and W35. Following the successful initiation of Casa Wyn and Wyn 05, these fresh developments are set to bring modern living and vibrant community spaces to the heart of Wynwood.
Situated at 3332 NW 5th Ave., Wyn Ave is a six-story building that combines residential and retail spaces. This mixed-use development will house 44 apartments alongside 2,370 square feet of ground-floor retail area. Designed by Modis, Wyn Ave is characterized by its sleek, urban aesthetic and smart living spaces. The apartments range from studio to two-bedroom units, with sizes spanning from 423 to 874 square feet. Each unit is equipped with high-end finishes, modern kitchens, and in-unit laundry facilities.
The ground floor will feature five retail spaces, designed to bring energy and convenience to the neighborhood. A notable retail tenant, to be announced soon, will add to the vibrancy of the community. Wyn Ave offers a host of amenities including a rooftop pool deck, fitness center, garden areas, co-working spaces, and electric vehicle charging stations. With rents starting at $2,400, Wyn Ave provides an attractive option for those looking to live in a prime Miami location. The project is expected to be completed by the third quarter of 2025.
Located at 319 NW 35th St., W35 is another innovative project by ABH Developer Group. This five-story development will feature 24 apartments and 2,500 square feet of ground-floor office space. W35 shares a modern design with Wyn Ave, courtesy of Modis, offering a cohesive aesthetic across both projects. The apartments at W35 include studio, one-, and two-bedroom units, ranging from 477 to 510 square feet. Each unit features contemporary finishes, walk-in closets, and in-unit laundry.
Residents of W35 will enjoy a rooftop terrace equipped with a barbecue area and solarium, perfect for relaxation and social gatherings. The development also includes outdoor workspaces, creating a productive and serene environment. To promote sustainable living, W35 will offer complimentary on-demand electric scooters for residents, making it easy to navigate Wynwood, the Design District, and Midtown. W35 is set for completion in the second quarter of 2025.
MG3, the general contractor for both projects, is bringing these modern designs to life. ABH Developer Group’s commitment to innovation and community-focused development is evident in these new projects, which aim to enhance the living experience in Wynwood Norte.
These projects signify a significant step forward in urban living, offering modern amenities and sustainable transit options in one of Miami’s most vibrant districts.
New Construction in Miami Beach-Ella Miami Beach
Following the announcement of 299 Minorca, an eight-story, mixed-use venture, the Constellation Group and Boschetti Group have unveiled their next ambitious project: Ella Miami Beach. This upcoming residential tower promises to bring a new level of luxury and modern living to Miami Beach.
Ella Miami Beach is set to be a 10-story residential tower featuring 95 condominiums. Ella Miami Beach will offer a variety of living spaces, ranging from studio to two-bedroom layout plans, with unit sizes spanning from 434 to 1,076 square feet.
Residents of Ella Miami Beach will enjoy a plethora of amenities designed to enhance their living experience. The homes will feature expansive outdoor terraces, plank-style flooring, and various high-end finishes that provide a touch of elegance and comfort.
Amenities:
A rooftop swimming pool
A pickleball court
A fitness center
Additional offerings to cater to a modern lifestyle
These features are sure to provide residents with ample opportunities for recreation and relaxation. Condo sales for Ella Miami Beach began in June 2023, and the development has already seen significant interest, with 36 percent of the units sold. Although construction has not yet started, the project’s website anticipates completion by the first quarter of 2026.
Ella Miami Beach is not just about residential living; it will also include 2,200 square feet of retail space, adding convenience and vibrancy to the area. The high-rise has been designed by the internationally renowned, Miami-based firm Arquitectonica, ensuring a striking and modern architectural presence.
The developers purchased the 25,000-square-foot parcel for Ella Miami Beach in February 2023 for $5.5 million. The site is located at 6940 Abbott Ave, Miami Beach, FL, 33141, in the vibrant Miami-Dade County.
Ella Miami Beach is set to become a landmark of luxury and modern living in Miami Beach. With its high-end amenities, stunning design, and prime location, it offers a promising new option for residents seeking the best in Miami Beach living. Stay tuned for more updates as this exciting project progresses towards its anticipated completion in early 2026.
The Residences at Six Fisher Island Secure $400M Construction Loan
In the realm of ultra-luxury real estate, few projects command as much anticipation and prestige as The Residences at Six Fisher Island. Recently, Related Group, in collaboration with partners Teddy Sagi and BH Group, alongside Wanxiang America RE Group, achieved a significant milestone by securing a $400 million construction loan from Madison Realty Capital. This loan replaces an initial $85 million acquisition loan, underscoring the scale and ambition of this exclusive development.
Situated on Fisher Island’s Northeastern shoreline, The Residences at Six Fisher Island is poised to become a hallmark of opulence on the East Coast. With only 50 private residences spread across 10 stories, the project promises an unprecedented level of exclusivity and luxury. Construction is slated to commence this summer, with completion expected by 2026.
Since its launch in late 2022, The Residences have already achieved remarkable sales exceeding $500 million. This includes the recent sale of two penthouses for a combined $150 million, emphasizing the allure and desirability of this unique development.
Berkadia South Florida played a pivotal role in securing the nine-figure loan, with Scott Wadler, Managing Director, highlighting the strategic foresight and global appeal of Related and BH Group’s vision for waterfront luxury living. The project’s distinctiveness and unprecedented demand for its penthouses contributed to Berkadia’s confidence in facilitating this landmark financing arrangement.
Nick Pérez, President of Related’s Condominium Division, expressed a deep commitment to enhancing Fisher Island’s unparalleled reputation. The development aims to blend opulence with tranquility, offering residences averaging 4,817 square feet designed by Tara Bernerd and Partners and Kobi Karp Architects. Each home will feature bespoke interiors, private elevator foyers, and panoramic water views—a testament to meticulous craftsmanship and elevated living.
Residents of Six Fisher Island will enjoy a wealth of amenities, including two resort-style pool decks, a state-of-the-art wellness facility, and exclusive access to Fisher Island’s renowned private beach and golf course. This enclave promises a seamless fusion of privacy and convenience, catering to the discerning tastes of its esteemed residents.
Isaac Toledano, Founder of BH Group, emphasized the project’s commitment to enriching Fisher Island’s unique community ambiance. The development seeks not only to redefine luxury living but also to preserve and enhance the island’s cherished village-like atmosphere—a testament to BH Group’s dedication to crafting exceptional living environments.
With the $400 million construction loan secured, The Residences at Six Fisher Island stands poised to redefine the pinnacle of luxury living on the East Coast. This landmark development represents a harmonious blend of visionary architecture, unparalleled amenities, and a commitment to timeless elegance. As construction progresses, anticipation mounts for what promises to be a new standard in coastal living, offering a rare opportunity to reside in one of the world’s most exclusive communities.
Introducing First & Fifth: A New Icon in Downtown Miami’s Skyline
Oak Row Equities has made a bold move in the heart of Downtown Miami with its recent acquisition of 49 Northwest 5th Street, heralding the dawn of First & Fifth, a visionary 45-story multifamily tower. This off-market purchase, secured for $38.5 million with seller financing, marks a significant step in the company’s commitment to shaping South Florida’s urban landscape.
Designed by ODP Architecture & Design, First & Fifth draws inspiration from Miami’s rich Venetian architecture of the early 20th century, blending historical charm with contemporary flair. The design features prominent arches reminiscent of the Doge Palace in Venice, creating a unique silhouette against Miami’s skyline.
The 700,000-square-foot tower will host 500 multifamily units, each offering high-end finishes and sweeping city views. Bright, airy spaces emphasize the open feel of urban living, tailored to meet the demands of modern residents seeking both luxury and convenience.
Situated strategically across from MiamiCentral Station, First & Fifth enjoys unparalleled connectivity as the central nexus for South Florida’s major train systems: Brightline, Metrorail, Tri-Rail, and Metromover. This prime location places residents within walking distance of Miami’s dynamic urban core, including Miami Dade College’s Wolfson Campus, the federal courthouse, and the Miami Heat’s arena.
Erik Rutter, Managing Partner at Oak Row Equities, articulates the project’s vision: “First & Fifth exemplifies our belief that proximity to transportation hubs is pivotal in shaping urban living choices in South Florida.” This sentiment is echoed by David Weitz, Managing Partner, who emphasizes the project’s culmination of foresight and collaboration.
First & Fifth not only enhances the skyline but also reflects Oak Row Equities’ dedication to transit-oriented development. This approach is central to their portfolio, which includes notable projects like The Oasis, Wynwood Plaza, and others strategically positioned near transit nodes to maximize connectivity across the region.
As Oak Row Equities prepares to introduce First & Fifth to the capital markets and prospective tenants, anticipation mounts for a new chapter in Miami’s urban evolution. With its blend of historical inspiration, modern design, and strategic location, First & Fifth promises to redefine urban living in Miami, offering a vibrant lifestyle where convenience meets luxury.
Stay tuned as First & Fifth rises to prominence, a testament to Miami’s growth and Oak Row Equities’ commitment to innovation in urban development.
$668 Million Construction Loan Secured for Waldorf Astoria Hotel & Residences
Waldorf Astoria Hotel & Residences, spearheaded by PMG in collaboration with esteemed partners including Greybrook, Mohari Hospitality, S2 Development, and Hilton, has secured a monumental $668 million in construction financing, setting a new record in Florida’s residential condominium development history.
Nestled at 300 Biscayne Boulevard, the Waldorf Astoria Hotel & Residences Miami is not just another skyscraper; it’s a marvel in architectural ingenuity and luxury living. Designed by the renowned Sieger Suarez Architects in collaboration with Carlos Ott, the 1,049-foot tower will stand as the tallest residential building south of New York City. Its distinctive design features nine spiraling, offset glass cubes wrapped in a stunning “glass skin,” ensuring it stands out as an iconic addition to Miami’s ever-evolving skyline.
What sets Waldorf Astoria Hotel & Residences Miami apart is its seamless blend of luxury residences and world-class hospitality. The development will house 387 private residences alongside 205 guestrooms and suites within the luxury hotel segment. Each unit is meticulously crafted with BAMO’s award-winning interior design, offering not only breathtaking views but also unparalleled comfort and sophistication.
Residents and guests will enjoy access to the Waldorf Astoria brand’s renowned Peacock Alley, a specialty restaurant, and indoor/outdoor event spaces for memorable gatherings. A resort-style pool deck with private cabanas, a holistic wellness spa, and state-of-the-art fitness center ensure relaxation and rejuvenation at every turn. Private residential amenities include an exclusive lobby, billiard room, and a kids’ club, offering something for every member of the family.
As the project moves into its vertical construction phase, anticipation builds for the grand unveiling slated for Q2 2028. Managed by Hilton Management Services, Waldorf Astoria Hotel & Residences Miami promises not just a residence, but a refined haven where personalized service and best-in-class experiences define everyday living.
