FAA Approves Height for New Brickell Tower, Clearing a Major Hurdle
In a significant development for the Brickell skyline, the Federal Aviation Administration (FAA) issued a determination this morning stating that the proposed height for a new tower in the area does not present a hazard to air navigation. The determination letter from the FAA specifically noted that the Calle 8 building height of 737 feet above ground level, or 750 feet above mean sea level, is within acceptable limits.
This decision comes after the Miami-Dade Aviation Department initially objected to a greater proposed height. In April, the development team submitted the new height proposal to the FAA, following concerns raised by the county’s aviation officials. A March letter from these officials stated that an earlier proposal for a tower height of 870 feet above sea level would not comply with the airport height zoning regulations, prompting the revision.
The architectural design of Calle 8 is particularly striking, spanning 65 stories. As of this month, the project is progressing through the zoning approval process with Miami-Dade County planners. The plans for the tower include ground floor retail spaces, a performing arts venue or retail complex, and 464 residential units, alongside various amenity spaces.
Millennium Developments of Brickell, the developer behind this ambitious project, aims to contribute a significant new structure to the Brickell area. With FAA approval secured, the development is poised to proceed further, bringing this vision closer to reality.
Shaping the Future of Watson Island-Miami Voters to Decide on Watson Harbour Project
Miami residents will now be able to cast their votes on the approval of the Watson Harbour project, a new mixed-use development proposed for the south side of Watson Island. This ambitious project, set to enhance one of South Florida’s prime waterfront areas, includes plans for hotels, retail outlets, offices, residences, dining options, and expansive public spaces, all strategically located on Biscayne Bay between Downtown Miami and Miami Beach.
The developers, BH3 Management and Merrimac Ventures, acquired the 10.8-acre site at 888 Macarthur Causeway in 2023. They have developed a privately funded proposal to revitalize the area, featuring:
Two luxury hotels
Retail spaces for shopping and dining
Office buildings and residential units
A 2.2-acre public promenade along Biscayne Bay
Green spaces and a maritime museum
Infrastructure and resiliency upgrades
The project is expected to generate substantial economic benefits, including several million dollars in additional tax revenue for Miami. It also promises a wide range of community benefits, such as:
Employment opportunities for residents from underserved communities
Retail spaces allocated for nonprofit organizations
Infrastructure improvements on City-owned properties
A $9 million contribution towards affordable housing and public infrastructure
Watson Harbour will include several sustainability measures to protect and enhance the local environment, such as:
A seawall built above base flood elevation standards
Planting of native flora and expansion of the tree canopy
Energy-efficient LED and solar-powered lighting
An on-site stormwater management system designed to prevent pollution of Biscayne Bay
Greg Freedman and Daniel Lebensohn, Co-CEOs of BH3 Management, shared their excitement: “Watson Island is poised to become a vibrant destination for all, boosting Miami’s economy and offering a new gathering spot for the community. We’re honored to bring this vision to life and integrate Watson Harbour into the city’s fabric.”
Nitin Motwani and Dev Motwani, co-Managing Partners at Merrimac Ventures, emphasized the project’s focus on public spaces: “As Downtown Miami grows, the need for additional public spaces is clear. Our waterfront promenade will provide a beautiful new area for the community to enjoy. This project offers a chance to create a valuable asset for Miami, enhancing its resilience and appeal.”
The proposal will be presented to voters during the 2024 General Election on November 5, with Early Voting starting in October. The ballot question will ask voters to approve amendments to the City Charter, including the sale of 3.2 acres of leased property at fair market value, reduction of overall development, and authorization of the project with no cost to the city.
Gale Miami Hotel & Residences Achieves Major Milestones with TCO and Rapid Sales Momentum
The Gale Miami Hotel & Residences, a visionary project by hospitality entrepreneur Keith Menin and Marisa Galbut through their development firm Sixth Street Miami Partners LLC, has reached a significant milestone with the issuance of a temporary certificate of occupancy (TCO). This achievement, backed by GFO Investments, signifies a pivotal moment for the development, which has seen remarkable progress since its inception. Furthermore, Gale Miami has successfully surpassed 250 closings in less than 60 days, highlighting the strong demand for short-term rental properties in Downtown Miami.
Located at 601 Northeast First Avenue in Downtown Miami, Gale Miami Hotel & Residences opened its doors in May 2024. The 51-story development offers move-in-ready and fully furnished units, with studio, 1-, and 2-bedroom layouts ranging from 410 to 910 square feet. Prices for these luxury units start in the mid $500s and go up to over $1 million. Its prime location near Miami Worldcenter and within walking distance of Downtown Miami makes Gale Miami an attractive option for residents seeking the perfect blend of hotel amenities and the flexibility of home-sharing options.
Keith Menin expressed his enthusiasm about the TCO milestone, stating, “Receiving the TCO is a major milestone for us all. Our immediate focus is now on welcoming buyers into their new homes and ensuring they fully experience all that Gale Miami has to offer. The positive reception from buyers confirms Gale Miami’s appeal and exceeds expectations in the Downtown Miami market.”
Gale Miami Hotel & Residences, along with 601 Miami, boasts a sprawling 70,000-square-foot amenity space spread across three floors. Residents and guests can enjoy a state-of-the-art fitness facility, a tranquil yoga lounge, an inviting terrace, and spa facilities including a steam room, sauna, and hammam. The property features a 24-hour attended lobby with a comfortable lounge area and 24-hour valet parking. Culinary options are abundant, with three unique dining concepts: an Italian restaurant, an American steakhouse and lounge, and a Mediterranean-style eatery.
For business needs, the Gale Miami Conference Center, located on the 8th floor, offers over 20,000 square feet of flexible space, including multiple conference rooms, breakout areas, and a grand ballroom. Additionally, the property includes three dedicated floors of exhibition space, each spanning 40,000 square feet. As a premier conference venue in Downtown Miami, Gale Miami is a sought-after location for major events, from weddings to corporate functions. The center provides personalized concierge catering and services, ensuring every guest’s needs are met with meticulous attention to detail.
Designed by Arquitectonica, in collaboration with Urban Robot for interior design and landscape architecture, Gale Miami Hotel & Residences embodies a vibrant, walkable urban oasis in Downtown Miami. With breathtaking views of Biscayne Bay and the Miami skyline, the design seamlessly integrates urban sophistication with luxurious resort-style amenities, establishing a new benchmark for city living.
The announcement of Gale Miami’s TCO and rapid sales success coincides with the launch of their latest development, 14 ROC, in Downtown Miami on July 10. This new venture continues the trend of innovative, high-demand properties that cater to the evolving needs of Miami’s residents and visitors alike.
Aston Martin Residences Miami Update
In less than three months, over 100 deeds have been recorded at Aston Martin Residences, showcasing the rapid pace at which these exclusive units are being claimed. The developer, G&G Business Developments, held a ribbon-cutting ceremony for the new building on April 30, celebrating the completion of this architectural marvel.
The Aston Martin Residences tower boasts a total of 391 luxury condos, each designed to offer an unparalleled living experience. With sleek, modern designs and top-of-the-line amenities, these residences are tailored for those seeking the ultimate in luxury and comfort. The demand for these units was evident long before the building’s completion, with the developer reporting that 99% of the units were sold prior to the official opening. This pre-sale success highlights the desirability and prestige associated with the Aston Martin brand.
Interestingly, more than 50 of the new residents also own an Aston Martin car, further emphasizing the connection between the lifestyle offered by the residences and the luxury automotive brand. This unique synergy between high-end real estate and luxury automobiles sets Aston Martin Residences apart in the Miami market.
The swift sales and high demand for units at Aston Martin Residences reflect a broader trend in Miami’s real estate market, where luxury developments continue to attract affluent buyers from around the world. As more residents move in and begin to enjoy their new homes, the Aston Martin Residences tower stands as a testament to the enduring appeal of luxury living in one of the world’s most dynamic cities.
1 Southside Park Brickell- Revised Plans Unveiled
The skyline of Brickell is set to receive a significant addition with the ongoing construction of the 1 Southside Park project. The developer behind this massive undertaking has recently submitted revised plans and renderings to the county, showcasing a range of adjustments aimed at enhancing the project’s functionality and aesthetic appeal.
1 Southside Park is a mixed-use development that promises to redefine urban living in Brickell. Among its many components is the residential segment known as Mercedes Benz Places, which is already making strides with a recent foundation pour marking the progress of its first phase.
The revised plans introduce several notable changes:
Increase in Open Space: The updated design incorporates more open space, providing residents and visitors with ample areas to enjoy outdoor activities and relaxation.
Increase in Lot Coverage: There is a slight increase in lot coverage by 6%, optimizing the use of available land.
Reduction in Residential Units: The number of residential units has been reduced by 185, bringing the total to 1,010 units, a 15% decrease.
Reduction in Office Space: The office area has been trimmed down by 11,930 square feet, resulting in a 7% decrease.
Increase in Commercial Space: Commercial space has seen a significant boost, with an addition of 26,129 square feet, representing a 23% increase.
Larger Fire Station: The project now includes a larger fire station to better serve the community.
Overall Reduction in Floor Area: The total floor area has been reduced by 43,453 square feet, making the design more efficient and streamlined.
The newly revised plans outline a structure that will rise to an impressive 61 stories, with a total of 64 levels and a roof height of 780 feet above sea level. Here are the detailed specifications:
Hotel Units: 200 units (no change in unit count, but a reduction in square footage)
Commercial Space: 142,129 square feet (+23%)
Office Space: 153,070 square feet (-7%)
Residential Units: 1,010 units (-15%)
Parking Spaces: 881 spaces (-12%)
Governmental Space: 38,582 square feet (+21%)
The ambitious 1 Southside Park project is being developed by JDS Development Group, a company known for its innovative approach and commitment to excellence. The architectural brilliance of the project is being spearheaded by ODP Architects, who serve as the architect of record.
Construction Update for 888 Brickell by Dolce&Gabbana
JDS Development Group just filed a dry run demolition permit at the highly anticipated Brickell site, where plans for the 90-story supertall condo hotel, 888 Brickell by Dolce&Gabbana. Although this is just a preliminary step, it marks significant progress in the development process.
The filed permit indicates there is currently no contractor attached to the project. However, a permit expediter has been listed as the contact, facilitating the process. Alongside this, there is also a separate permit pending to install a fence around the property, ensuring the site’s security and preparation for future construction activities.
Back in April, JDS Development Group completed the purchase of the property for an impressive $61.2 million. This acquisition has paved the way for a remarkable collaboration with renowned fashion house Dolce&Gabbana. Together, they plan to bring to life a 90-story condo hotel that promises to redefine luxury living in Miami.
Standing at a staggering 1,049 feet, this new building is set to become the tallest in Miami. Esteemed architect Studio Sofield is at the helm of this ambitious project, ensuring a design that combines elegance, innovation, and functionality. The tower will boast 250 rooms and suites, offering unparalleled views and world-class amenities.
The collaboration between JDS Development Group and Dolce&Gabbana, along with the architectural prowess of Studio Sofield, promises to create a new landmark in Miami’s skyline. This 90-story supertall condo hotel is not just a building; it’s a statement of luxury, sophistication, and modern living.
Miami’s Urban Development Review Board Set to Review 55-Story Tower Proposal in Edgewater
An application for the proposed 55-story tower at 419 Northeast 19th Street in the Edgewater neighborhood has been received by the Miami’s Urban Development Review Board. This project, which was initially filed in October 2023, has been scheduled for review on July 20, 2024, after undergoing several updates and modifications.
The development team for this ambitious project includes:
The property at 419 Northeast 19th Street is owned by a joint venture between SB Development, led by Joseph Stern, and Hazelton Capital Group, based in New York. The development team has formally requested the UDRB to consider their updated proposal at the upcoming meeting.
The project was previously reviewed in October 2023 but was withdrawn before a decision was made. Since then, notable updates include:
Reduction in the Podium Footprint: To lessen the overall mass and aesthetic impact.
Detailed and Articulated Façade: To screen the parking garage.
Green Wall Addition: On the north elevation to enhance interaction with neighboring properties.
Increased Parking Spaces: From 172 to 180.
Climbing Plants: Introduction on the north façade of the podium.
Water Fountain: A new water feature wrapping around the northeastern corner of the ground floor.
Relocation of Northeast Egress Path and Exit Door: To allow for a continuous water fountain around the corner.
The resubmitted plans, which were updated on June 5, 2024, feature a total floor area of 552,604 square feet, accommodating 463 residential units and 444 parking spaces. The units range from studios to four-bedroom apartments, varying in size from 403 to 2,223 square feet. Amenities will be located on the 9th and 10th floors, as well as the rooftop, including a sky lounge, private dining area, prep kitchen, and pool.
The architectural design aims to blend the new structure seamlessly with its surroundings. The tower features a sleek, modern profile with curvilinear lines that give it a distinctive and elegant appearance. The tower’s elevations are characterized by horizontal bands of glass and metal, creating a wave-like effect.
The podium has been designed to respond to the character of the block, which includes an existing residential tower to the north. It will feature climbing plants on the north façade, giving the appearance of a green wall facing the existing apartments. A water fountain wrapping around the façade on the northeastern corner of the ground floor will create an enhanced ground-level experience near the gateway to Margaret Pace Park, helping to create an inviting atmosphere. Additionally, a bronze-colored perforated metal screen wrapping the parking garage will screen internal elements from view and limit the aesthetic impact on the surrounding neighborhood.
The project’s art treatment includes a bronze-colored perforated metal screen that wraps around the parking podium and the ground-floor façade. This screen will be lit from the bottom of each panel to enhance the pedestrian experience. The curved metal in the art treatment will require regular maintenance to ensure its aesthetic quality.
The property, with a gross lot area of 14,277 square feet, is located within the T6-36B-L transect zone, allowing for a mix of residential and commercial uses. The project seeks seven waivers, including reductions in required setbacks, drive aisle width, and parking stall length. It also requests a 30% reduction in parking needed due to its location within the Transit Oriented Development area and the Urban Central Business District overlay. Additionally, waivers are requested to allow above-ground parking in the second layer and to eliminate pedestrian entrance spacing requirements.
The proposed 55-story tower at 419 Northeast 19th Street promises to be a significant addition to the Edgewater skyline. With its sleek design, enhanced ground-level experience, and extensive amenities, it aims to provide a modern and inviting living space for future residents. The UDRB’s upcoming review will be a critical step in determining the project’s future.
CMC Group Secures $69.9 Million Loan for 4000 Ponce/The Collection in Coral Gables
CMC Group has obtained a significant $69.9 million loan from City National Bank of Florida (CNB) for the refinancing of 4000 Ponce/The Collection. This nine-story, Class-A mixed-use office and retail development, situated in the heart of Coral Gables, was developed by CMC Group Founder Ugo Colombo in 2002. The Mediterranean-style building is not only an architectural marvel but also a hub for luxury and business, featuring The Collection, a high-end car dealership showcasing brands such as Ferrari, Aston Martin, and Porsche.
Located at the intersection of Ponce de Leon Boulevard and Bird Road, 4000 Ponce/The Collection encompasses 150,000 square feet of Class A office space and 32,000 square feet of ground-floor retail. The property boasts over 90% occupancy, with prestigious tenants including Steinway & Sons, Coldwell Banker, and Hemisphere Media Group.
“Our ability to secure this refinancing for 4000 Ponce is a testament to the building’s enduring value and strategic significance in the Coral Gables market,” said Ugo Colombo. “As the anchor of Coral Gables’ Southern Business District, 4000 Ponce not only boasts a premier walkable setting adjacent to The Shops at Merrick Park, but also a top-tier tenant roster including The Collection’s flagship location, which has called the building home for more than 20 years. With this refinancing, 4000 Ponce continues to set the standard for being one of the most prestigious business addresses in Miami, reinforcing its position as a cornerstone of sophistication and quality in the market.”
The refinancing process was facilitated by JLL Capital Markets, with a team led by Senior Managing Director Paul Stasaitis, Associate Paul Adams, and Analyst Nicole Barba. Legal representation was provided by Jim Shindell and Hannah Lidicker of Bilzin Sumberg. The five-year, floating-rate senior loan secured through City National Bank of Florida underscores the building’s robust market presence and the sponsor’s proven track record.
Gary Fitzgerald, Executive Vice President and Real Estate Banking Executive at City National Bank of Florida, added, “CMC Group has been one of Florida’s most prolific real estate firms for more than 30 years, and 4000 Ponce has been a centerpiece of commercial activity in Coral Gables since its development. Our decision to finance the asset aligned closely with our dual focus on relationship banking and providing capital to clients that are fueling Florida’s real estate market, which is among the nation’s strongest.”
Built in 2002, 4000 Ponce features a grand lobby adorned with marble, Venetian stucco, cherry millwork, and bronze accents, embodying Mediterranean-style architecture. Each office floor offers approximately 30,000 rentable square feet with flexible floor plans. The building is equipped with advanced broadband communications, high-speed internet, data network services, and ample on-site parking.
The strategic location of 4000 Ponce/The Collection offers tenants easy access to executive housing, The Shops at Merrick Park, Coral Gables trolley service, a nearby MetroRail station, and proximity to US-1 and Miami International Airport.
Introducing 14 ROC Miami: A New Condo Tower by GFO Investments
GFO Investments is excited to announce the launch of sales for their latest condo tower, 14 ROC Miami. This impressive 32-story development promises to be a landmark in the city’s skyline, offering modern living spaces with a flexible rental policy that suits a variety of lifestyles.
The 14 ROC condo tower will feature a total of 283 units, providing ample options for potential homeowners. These units range from cozy 410-square-foot studios to spacious 964-square-foot apartments, ensuring there’s something for everyone. Prices for these stylish units start at $495,000, making 14 ROC an attractive option for both investors and residents seeking a blend of luxury and convenience.
RSP Architects, a firm renowned for its innovative and sustainable designs, is at the helm of 14 ROC’s architectural design. The interiors of the condo tower will be crafted by March and White Design, known for their sophisticated and contemporary aesthetic. To complement the sleek interiors, Urban Robot Associates will be designing the landscape, ensuring that the outdoor spaces are as inviting and beautiful as the interiors.
GFO Investments has a proven track record of delivering high-quality developments. Their recent project, Gale Miami Hotel & Residences, opened on July 1 and has already received rave reviews for its luxurious amenities and prime location. The success of Gale Miami Hotel & Residences sets a high standard, and 14 ROC is poised to continue this tradition of excellence.
