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.
Sales Launch for Bay Harbor Towers
Renowned developers Ari Pearl and Jonathan Leifer have officially launched the sales phase for their anticipated luxury condominium project, Bay Harbor Towers, situated in the picturesque Bay Harbor Islands.
PPG Development, under the leadership of Pearl and based in Hallandale Beach, in conjunction with Leifer’s L3C Capital from New York, are collaborating to bring to life this eight-story, 44-unit residential marvel located at 10143 East Bay Harbor Drive. The condominiums, ranging from 1,900 to 5,000 square feet with prices starting at an impressive $1.9 million for two to four-bedroom residences. Pricing for penthouses have yet to be revealed.
The architectural genius of Kobi Karp, coupled with the interior design finesse of Steven G from Pompano Beach, ensures that Bay Harbor Towers will be a paragon of luxury. Residents will have access to a suite of premium amenities, including both indoor and outdoor swimming pools, thermal wellness experiences with hot and cold plunges, a state-of-the-art fitness center, and full-service spa facilities. An exclusive touch is the addition of private pools for six of the residences. Moreover, the development boasts a 13-slip private marina, elevating the standard of waterfront living.
Pearl anticipates a diverse clientele comprising Northeastern Americans, Europeans, and South Americans, many of whom are in the market for a secondary or tertiary residence. The strategic partnership with Fortune Development Sales is a calculated move to tap into their extensive international network, particularly in the South American market.
The inception of this joint venture was marked by the acquisition and subsequent demolition of a historical structure on the premises, paving the way for this new development. The original Bay Harbor Towers, a 1956 Art-Deco edifice, was sold following the tragic Surfside condo collapse in 2021.
Bay Harbor Towers is set to be a crown jewel among the burgeoning residential developments on Bay Harbor Islands, an area that has recently captured the attention of developers. Pearl, however, cautions that the current lending climate could pose challenges for competing projects.
With secured construction financing, Pearl confidently asserts that Bay Harbor Towers will come to fruition in early 2026.
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.
Unveiling HUB Miami: A Pinnacle of Mixed-Use Innovation in Downtown Miami
In a strategic move that underscores their commitment to innovation and excellence, The John Buck Company, Florida Value Partners, BH Group, and PEBB Enterprises have collectively unveiled HUB Miami. This 41-story mixed-use tower, strategically positioned at 525 NW 2nd Avenue in the heart of Downtown Miami, is poised to redefine the standards of luxury living and premium office space.
HUB Miami stands as a testament to architectural brilliance and thoughtful design, boasting 306 condominium residences and a sprawling 245,000 square feet of Class-A office space. Crafted by the renowned ODP Architects and adorned with interiors by One Line Design Studio, this development seamlessly integrates work and leisure, offering a hyper-connected live-work lifestyle. Its proximity to MiamiCentral Station ensures unparalleled connectivity, facilitating easy travel across major metros throughout Florida.
OneWorld Properties takes the helm as the exclusive sales and marketing brokerage for HUB Miami Residences, with prices starting in the mid $400,000s. On the commercial front, CBRE, a leading real estate firm, will spearhead the leasing efforts for HUB Miami Offices.
Ryan Lovell, Managing Director of Investments at The John Buck Company, expressed his enthusiasm: “HUB Miami marks a pivotal moment for our firm, being our inaugural project in Florida. This development is a strategic response to the burgeoning demand for high-caliber office spaces in Miami, offering a central location and exceptional connectivity.”
HUB Miami Residences introduces a collection of fully furnished residences, starting from the 22nd floor, with a variety of layouts including studio, one-bedroom, and two-bedroom options. Each residence is a paragon of modern luxury, featuring open floor plans, floor-to-ceiling glass windows, and gourmet kitchens equipped with Bosch appliances. A state-of-the-art keyless entry system ensures secure and convenient access for all residents.
Residents of HUB Miami will have exclusive access to a suite of amenities, including a cutting-edge fitness center, spa facilities, resident lounges, and work-from-home spaces equipped with video conferencing facilities. The development also features a Sky Lounge bar, resort-style pool, and 24/7 concierge and security services.
HUB Miami Offices offers an impressive 245,000 square feet of Class-A office space, with floor plates ranging from 18,000 to 32,000 square feet. Tenants will enjoy access to private amenities including a fitness center, tenant lounge, conference center, and 24/7 security services.
HUB Miami is a landmark collaboration between four esteemed developers, creating a unique residential and office offering in Downtown Miami. This development not only enhances the city’s skyline but also solidifies its reputation as a thriving economic hub and a desirable destination for both living and working.
Unveiling the Future of Luxury Living: Swire Properties’ Latest Venture in Brickell Key
In the heart of Brickell Key, an exciting new chapter is unfolding as Swire Properties, a renowned developer, takes a significant step forward in its latest residential development project. With a rich history of transforming landscapes and setting new standards in luxury living, Swire Properties is once again poised to leave an indelible mark on Miami’s real estate scene.
A Gateway to Opulence On the 30th of October, an affiliate of Swire Properties demonstrated their commitment to excellence and precision by submitting three separate phased permit applications, all of which are currently undergoing meticulous review for The Residences at Mandarin Oriental Miami. These applications, crucial for the mechanical, electrical, and plumbing work of the site, each have distinct contractors, showcasing the developer’s dedication to engaging with the best in the business.
A separate permit application for the sales center, the future face of this luxurious development, remains under careful scrutiny. This space is envisioned to be more than just a sales center; it is set to be a gateway to the opulent lifestyle that awaits future residents.
The Architectural Marvel: Soaring to New Heights Swire Properties has a reputation for creating architectural masterpieces, and this project is no exception. Envisioned to include two towering structures, the development will feature a Mandarin Oriental residence building alongside a hotel building, each making a bold statement on the Miami skyline.
The Master Plan: A Vision of Elegance and Grandeur Earlier in the month, the developer finalized a utility agreement, revealing tantalizing details of what’s to come. Phase 1 of the project promises a sprawling 6,500 square feet of premium office space, setting the stage for a development that seamlessly blends work and leisure.
The utilities agreement further unveils the grandeur of Phase 2, which is set to include:
289 meticulously designed residential units
179 luxurious hotel rooms
A full-service restaurant sprawling across 28,054 square feet
The residence building is set to soar over 800 feet, offering breathtaking views and unparalleled luxury, while the second tower, standing at around 400 feet, will provide a perfect complement to this majestic structure. The design of these buildings is in the capable hands of Kohn Pedersen Fox, a firm renowned for its innovative and awe-inspiring architectural designs.
Swire Properties is once again redefining luxury living in Miami with its latest venture in Brickell Key. With a commitment to excellence, a vision of grandeur, and a dedication to creating spaces that transcend the ordinary, this development is set to be a beacon of opulence and innovation in Miami’s real estate landscape.
Construction Update for Baccarat Residences Miami
Last week marked a pivotal moment for Miami’s real estate landscape as we witnessed the commencement of construction for the Baccarat Residences Miami, a development poised to redefine luxury living in the city. The groundbreaking ceremony, captured and shared through social media, has ignited conversations and anticipation among industry insiders and aficionados alike.
Baccarat Residences is on track to become an iconic fixture in Miami’s skyline, boasting an impressive stature of 75 stories, and soaring to a height of 848 feet above ground, or 852 feet above sea level. This monumental structure is set to eclipse the current record-holder, the Aston Martin Residences tower, which stands tall at 66 stories and 816 feet above ground, located just along the Miami River and nearing its completion.
Not too far from the site, the Waldorf Astoria is making its own mark, with construction well underway. This ambitious project is expected to reach a staggering 1,041 feet above ground, incorporating both hotel and residential components, offering a multifaceted luxury experience.
The city’s Building Department has been actively involved, issuing a site work permit for the Baccarat Residences in September, with the permit for full vertical construction currently under meticulous review.
John Moriarty, a name synonymous with excellence and precision in construction, has been entrusted as the contractor for this landmark project.
Adjacent to the Baccarat site, another development is taking shape. A 44-story tower, currently under construction, is set to house 506 apartments, further enriching Miami’s residential offerings.
For hedge fund managers and investors alike, the Baccarat Residences represent not just a pinnacle of luxury living, but also a strategic opportunity in one of Miami’s most sought-after locales. The project’s ambitious scale and prime location underscore Miami’s unwavering appeal and resilience, even in the face of ever-evolving market dynamics.
Star Holdings Management LLC Submits Plans for the Gateway Development in Miami
In the heart of Miami-Dade County’s bustling Ojus Urban District, a significant development shift is on the horizon. Star Holdings Management LLC, a prominent developer, has recently unveiled revised plans for their ambitious project, the Gateway. Initially envisioned in 2020 as a 12-story mixed-use edifice, the latest blueprints suggest a grander vision: an 18-story tower encompassing over 645,000 square feet.
This revamped design proposes a diverse mix of 210 upscale apartments, cutting-edge office spaces, and vibrant retail outlets. Accommodating the needs of modern urbanites, the development also includes a spacious six-story parking structure with the capacity to house over 400 vehicles. Its strategic location offers unparalleled convenience, being in close proximity to the renowned Aventura Mall.
In a nod to inclusivity and community development, the project earmarks ten percent of its residential units as workforce housing. This initiative not only broadens the project’s appeal but also enhances its initial design. Potential residents can anticipate a range of apartment sizes, from cozy 750 square-foot units to expansive 1,750 square-foot spaces, with configurations ranging from single to three-bedroom layouts.
The Gateway promises more than just living spaces. Residents and visitors alike can indulge in a plethora of communal amenities. The highlight is a lavish seventh-floor deck, complete with a state-of-the-art swimming pool, all set on a sprawling 1.4-acre plot.
The brains behind this transformative project include the esteemed Star Holdings Management LLC as the developer, with legal representation by Attorney Javier L. Vazquez. The architectural marvel that is the Gateway has been conceived by IDEA Architects.
Miami Commissioners Approve Four Residential Towers in Brickell
In the heart of Brickell, a significant financial move was made last month as county commissioners greenlit the development of four prominent towers on a single block.
This decision, made on September 20 during a session of the Miami-Dade Zoning Board, paves the way for Sentral, Menesse, Westpine, and Calle 8 towers.
Cumulatively, these ventures will usher in an impressive 1,995 residential units across the five towers.
In a strategic move, the developer behind Menesse has entered into a covenant, committing to a significant contribution to enhance Brickell’s mass transit infrastructure. This agreement, formalized on October 18, entails Menesse Brickell LLC allocating $350,000 towards the refurbishment of the Brickell Metrorail and Metromover stations. This contribution will be made before the issuance of the building permit.
Furthermore, in a nod to sustainable urban development, the developer has pledged to reserve a minimum of 5% of the residential units for workforce housing. This initiative targets households earning between 60% and 140% of the area’s median income and will be in effect for two decades post-TCO issuance.
The administrative review of the tower’s site plan is currently in progress, and the financial world watches with bated breath as Brickell continues to evolve.
Naftali Group’s Vision for the Miami Worldcenter Tower
The New York-based Naftali Group has unveiled its grand plans for a 67-story mixed-use skyscraper within the heart of the Miami Worldcenter. This ambitious project, set to rise over 700 feet, will be situated on a 1.02-acre plot at 1044 and 1016 Northeast 2nd Avenue.
Designed by the esteemed Miami-based Arquitectonica, with interiors crafted by New York City’s Rockwell Group, this tower promises to be a beacon of modern architecture. The building will encompass nearly 1.3 million square feet, housing 259 luxurious condominiums under the “JEM Private Residences” brand. These residences will range from cozy studios to expansive four-bedroom units, with sizes varying from 469 to 2,052 square feet. In addition to these, the tower will feature 550 rental apartments, 3,600 square feet of prime commercial space, and a parking garage for approximately 591 vehicles.
The tower’s design is a testament to modernist principles, with its rhythmic façade and horizontal bands creating a sense of fluidity. This design not only enhances the building’s aesthetic but also serves functional purposes, optimizing sunlight and ventilation. The tower’s glass facade, juxtaposed with other materials, strikes a balance between privacy and engagement with the surrounding urban landscape.
The interiors, conceptualized by Rockwell Group, exude precision and elegance. The kitchens, adorned with custom millwork cabinetry and Calacatta stone countertops, will feature top-of-the-line Miele appliances. The primary bathrooms will showcase custom medicine cabinets, honed Dolomite white countertops, and sleek fixtures, with some units boasting standalone soaking tubs. Condominiums will be priced starting at $540,000, occupying floors 43 and above, while rental apartments will be housed between floors 10 and 42.
JEM Private Residences promises an unparalleled amenity suite on the 50th floor, rivaling the offerings of luxury hotels. Residents can unwind in the Sky Lounge, take a dip in the 60-foot pool, or relax in cabanas and floating daybeds. Fitness enthusiasts will appreciate the state-of-the-art indoor gym and outdoor fitness areas, complete with a boxing arena and yoga patio. The spa suite, with its unique dry sauna, steam room, and tranquil pink Himalayan salt room, promises rejuvenation. Additional facilities include a game room, co-working spaces, and a spirits-tasting room.
This project underscores the Naftali Group’s commitment to redefining luxury real estate in South Florida. With over three decades of experience and successful developments in locales from New York City to Singapore, the group’s foray into Florida is eagerly anticipated. Their portfolio boasts over 3 million square feet of planned development, with iconic properties like “The Shephard” in the West Village and “The Benson” on Madison Avenue to their credit.
The tower’s strategic location, nestled between Northeast 10th and 11th Streets and adjacent to the Eleventh Street Metromover Station, places it in proximity to other notable developments. It’s set to break ground in the second quarter of 2024.
