848 Brickell: A New Landmark in Miami’s Financial District
Developers for 848 Brickell have taken a significant step towards reshaping Miami’s skyline with their latest project. Key International and Sterling Bay filed for FAA permits on June 27, 2024, for this 51-story Class A office and retail tower in Miami’s Brickell neighborhood. Designed by the renowned Skidmore, Owings & Merrill (SOM), the structure is set to reach an impressive height of 764 feet above ground, or 775 feet above mean sea level. As of now, the permit status is “work in progress.”
848 Brickell promises to be a major addition to Miami’s Financial District, providing over 750,000 square feet of premium office space and 7,500 square feet of ground-floor retail. Additionally, it will include on-site parking facilities for more than 1,000 vehicles. Catering to modern business needs, the tower will feature tech-enabled conference facilities, a luxury fitness center, an expansive outdoor terrace, padel tennis courts, and private open-air lounges.
Strategically located at 848 Brickell Avenue, the tower will offer stunning views of the ocean and Brickell Avenue. Its prime location ensures quick access to top dining, retail, and entertainment spots, making it a premier business hub in Miami.
Key International, under the leadership of Diego and Inigo Ardid, chose Sterling Bay for its expertise in developing world-class office spaces. Sterling Bay’s impressive portfolio includes creative office spaces for major corporations like Google and McDonald’s. This collaboration aims to create a next-generation workspace that meets the evolving needs of modern businesses and professionals in South Florida.
The FAA permit applications signify a major milestone for 848 Brickell, underscoring ongoing efforts to transform downtown Miami with new residential, commercial, and office projects. This development is poised to play a crucial role in the continued growth and modernization of the area.
Shoma Group Breaks Ground on Shoma Bay in North Bay Village Miami
Shoma Group has officially commenced construction on Shoma Bay, an ambitious residential project located in the picturesque waterfront community of North Bay Village, Florida. This groundbreaking event marks a significant milestone for the area, which has seen little development over the past decade. Launched in September 2022, Shoma Bay has quickly established itself as the benchmark for future residential projects in the region.
Masoud Shojaee, CEO and Chairman of the Board at Shoma Group, recognized the island’s untapped potential early on. His vision to transform North Bay Village into a luxurious residential haven is now becoming a reality with Shoma Bay being the first major development to capitalize on the area’s evolution.
Shoma Bay will feature 333 luxury residences, including a variety of meticulously designed floor plans that range from furnished studios to expansive three-bedroom units, with sizes spanning from 344 to 2,700 square feet. The project will also include 10 penthouses, one of which will be the home of Masoud and Stephanie Shojaee, President of Shoma Group. Prices for the available units start at $750,000, with ISG World serving as the exclusive sales team for the development.
Each residence will be thoughtfully crafted to optimize comfort and functionality, with abundant natural light and elegant finishes curated by renowned designer Adriana Hoyos. The building will blend classic art-deco elements with contemporary aesthetics, catering to individuals seeking a holistic approach to living that seamlessly integrates work, wellness, and leisure.
The penthouses at Shoma Bay will offer unique, high-end finishes. Kitchens will be outfitted with the exclusive Gaggenau Appliance Collection, including a French Door Panel-Ready Refrigerator and Freezer, a Panel-Ready dishwasher, a Wall Oven, and an Induction Cooktop. Bathrooms will feature the exclusive Armani Bathroom Collection, including a Frameless Rain Shower and a Designer Soaking Tub in select units.
Shoma Bay is set to redefine luxury living with its array of world-class amenities. Residents will have access to a resident lounge and bar, a spa with a hammam, a golf simulator, a two-story state-of-the-art fitness center, a pet spa, a kids club, a theater room, a wine cellar, a cigar lounge, and a Zen Garden with fire pits. The development’s centerpiece will be the expansive 6,030-square-foot pool deck, offering panoramic views of Biscayne Bay, complete with a pool, cabanas, and a summer kitchen. Additional conveniences include designated parking, electric vehicle charging stations, a bike room, storage spaces, and a grocery delivery room.
Moreover, Shoma Bay will be anchored by a 35,037-square-foot Publix supermarket and 15,628 square feet of retail space, which includes a rooftop lounge. This integration of retail and residential spaces aims to enhance the community living experience by providing residents with easy access to daily necessities and leisure activities.
“We are incredibly excited to break ground on Shoma Bay and embark on this transformative journey in North Bay Village,” said Stephanie Shojaee. “At Shoma Group, we meticulously craft each development with the future residents in mind, ensuring that every detail enhances their comfort and enriches their lifestyle. From the serene resident lounge to the state-of-the-art fitness center and the panoramic pool deck overlooking Biscayne Bay, we have curated a collection of exceptional amenities that will elevate the living experience for our residents.”
Situated at 1850 John F. Kennedy Causeway, Shoma Bay boasts a prime location at the intersection of 79th Street Causeway and East Treasure Drive. This strategic position offers residents convenient access to major highways and a plethora of world-class dining, retail, and entertainment options available in South Florida. The project’s anticipated completion date is set for the end of 2026.
Miami’s Transformation: One Bayfront Plaza’s New Supertall Tower
Miami’s Building Department has issued a total demolition permit for the One Bayfront Plaza site at 100 South Biscayne Boulevard, marking a significant first step towards developing a new supertall tower in downtown Miami. Approved on March 27 and issued on June 25, this permit sets the stage for a major transformation in the heart of the city.
Currently, the site hosts a 19-story office building that occupies an entire city block, a significant presence in Miami’s downtown area. The demolition process, expected to take nine months to a year, will clear the way for a transformative project that will redefine the city’s skyline. Interior demolition has already begun, with B2 Group LLC handling the work under a permit valued at $2.4 million.
The property owner, Florida East Coast Realty (FECR), has ambitious plans for the site. They envision a landmark tower reaching 1,049 feet in height, featuring over three million square feet of mixed-use space. This includes class AAA office space, a luxury convention hotel, high-end residences, an upscale retail mall, and a parking garage, all offering 360-degree panoramic views over Biscayne Bay. Once completed, this tower will become Miami’s tallest building and the city’s second supertall, following the soon-to-rise Waldorf Astoria Hotel & Residences.
The new tower’s design is still under wraps, with previous concepts from renowned architects like Kohn Pedersen Fox and ODP Architecture & Design. While specific details are scarce, FECR has shared a low-resolution rendering of the proposed building, though the architect’s identity remains undisclosed.
Older renderings of supertall towers on the site:
One Bayfront Plaza, designed by ODP Architecture & Design.
One Bayfront Plaza, designed by Kohn Pedersen Fox and ODP Architecture & Design.
In recent years, the One Bayfront Plaza site has gained notoriety for its extensive graffiti. The abandoned building has served as a canvas for graffiti artists, particularly during major events like Art Basel. In December 2023, graffiti artists from around the world “bombed” the building, covering it with colorful tags and murals. This creative takeover highlighted the building’s vacancy and prominence as a visible site in downtown Miami, attracting both admiration and condemnation from the public.
The new tower is expected to bring significant economic benefits to the area, attracting businesses, tourists, and new residents. Its diverse range of uses aims to create a vibrant and dynamic environment, enhancing the appeal of downtown Miami as a premier destination for work, living, and leisure.
As the demolition process begins and the groundwork is laid for this new supertall tower, Miami is poised for a transformative development that will reshape its skyline and redefine its downtown area.
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.
Construction Update for Miami Riverbridge in Downtown Miami
Hyatt Hotels Corporation and Miami’s Gencom, under the HRM Owner, LLC, have unveiled an ambitious plan that promises to redefine downtown Miami’s skyline. The proposal for the Miami Riverbridge development has been submitted to the City of Miami’s Urban Development Review Board, marking a significant step towards transforming a prime urban location.
The Miami Riverbridge project, designed by the renowned architectural firm Arquitectonica, is set to occupy the current site of the James L. Knight Center, the Miami Convention Center, the Miami Conference Center, and the Hyatt Regency Hotel. Located at 298, 300, 330, and 400 Southeast 2nd Avenue, this extensive development aims to create a cohesive mixed-use complex that spans approximately 4 acres along the north bank of the Miami River.
The proposed development features three interconnected towers with a shared podium, offering a blend of residential, commercial, and hospitality spaces:
1,342 Residential Units
264 Apartment-Hotel Units
615 Hotel Rooms
Convention and Meeting Spaces
100,000 Square Feet of Commercial Space
1,101 Parking Spaces and Amenities
The towers’ heights are noteworthy, with an 87-story supertall structure reaching 1,044 feet, a 62-story tower rising to 734 feet, and a 52-story tower standing at 636 feet.
A central element of the Miami Riverbridge project is the creation of a new public riverfront space. This includes a 50-foot setback along the Miami River to enhance the existing Riverwalk and improve connections with the Miami River Greenway. This design is aligned with the Miami Comprehensive Neighborhood Plan’s Port of Miami River Sub-Element, which aims to promote mixed-use development, activate the waterfront, and contribute to the city’s economic growth.
Given the project’s scale and complexity, Miami Riverbridge will be developed in phases. Importantly, no special approvals or waivers are being requested, as the project complies with Miami 21 zoning requirements. The developers are confident that Miami Riverbridge will significantly enhance downtown Miami, transforming an underutilized property into a vibrant mixed-use complex and regional hub.
The UDRB review for this proposal is scheduled for today. If approved, Miami Riverbridge will set a new standard for urban development in Miami, combining luxury living, commercial opportunities, and public amenities in a landmark waterfront location.
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.
$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.
Luxury Living Redefined: The St. Regis Residences Unveil Exclusive Garden Villa in Miami’s Brickell
Miami’s skyline is set to be adorned with a new beacon of luxury living as Related Group and Integra Investments unveil the first of two exclusive garden villa residences at the prestigious St. Regis Residences in Brickell. Priced at a staggering $32 million, this four-floor villa epitomizes opulence, offering 7,617 square feet of indoor living space complemented by an additional 2,726 square feet of breathtaking outdoor areas, including a rooftop terrace with a captivating swimming pool overlooking the azure expanse of Biscayne Bay.
Dubbed as the neighborhood’s definitive luxury address, The Residences boast a visionary team behind its creation. With architecture by the esteemed Robert A.M. Stern Architects (RAMSA) and interiors meticulously crafted by the highly acclaimed Rockwell Group, this property represents a convergence of timeless elegance and contemporary allure. RAMSA’s design, inspired by the sophistication of golden-age ocean liners fused with modern skyscrapers, marks the firm’s debut in South Florida’s residential development landscape.
The 50-story tower will feature 152 condominium homes ranging from two to six bedrooms, including penthouses, sky villas, and the two standalone garden villas, promising a bespoke experience synonymous with the legendary St. Regis brand’s historic five-star services.
Nick Pérez, President of Related’s Condominium Division, emphasizes the unique proposition of the garden villas, stating, “Located in one of Brickell’s most sought-after enclaves, the garden villas at The St. Regis Residences, Miami, offer the experience of living in a single-family home alongside the personalized services and carefully curated amenities that are hallmarks of the St. Regis brand.”
Luxury pervades every corner of the garden villa, boasting five bedrooms, six bathrooms, and two powder rooms. The main level welcomes residents into a spacious great room seamlessly integrated with an outdoor terrace, chef’s kitchen, and dining room. The kitchen, adorned with modern appliances and handcrafted Italian millwork, exudes an elevated aesthetic marrying contemporary lines with traditional accents.
Ascending to the upper level, the primary bedroom offers serenity with direct access to a terrace, two walk-in closets, and a sumptuous midnight bar. The villa’s crowning glory, the rooftop deck, redefines indoor-outdoor living, offering panoramic views of Biscayne Bay. Residents can indulge in al fresco dining, lounging in landscaped areas, or taking a dip in the pool and spa overlooking the Brickell waterfront.
Beyond the villa’s confines, residents will revel in a plethora of amenities spanning over 50,000 square feet of indoor and outdoor spaces. A professional-grade fitness center, full-size pickleball court, private marina, world-class spa, and indoor lap pool beckon to cater to residents’ wellness and leisure needs. Signature butler services add a touch of refinement, ensuring a seamless living experience.
Moreover, dining at The Residences transcends the ordinary, with offerings including the iconic St. Regis Tea Room and a residents-only, fine-dining restaurant helmed by Michelin-starred chef Fabio Trabocchi, elevating gastronomic experiences to new heights.
Surrounded by park-like grounds landscaped by the acclaimed Swiss design firm, Enea Garden Design, The St. Regis Residences promise a lifestyle of unparalleled luxury, sophistication, and exclusivity, redefining the art of living in Miami’s vibrant Brickell neighborhood.
Construction Update for St. Regis Residences Miami
In a city known for its ever-evolving skyline, Miami’s Brickell neighborhood is gearing up for another impressive addition. Plans submitted to the Federal Aviation Administration (FAA) on June 3 have revealed ambitious developments at the St. Regis Residences property on Brickell Avenue.
According to the filing, two cranes are slated to be erected at the construction site, symbolizing a significant milestone in the area’s ongoing transformation. These towering structures are set to reach a remarkable height, with each crane projected to rise an impressive 741 feet above ground level, or 750 feet above sea level.
The proposed cranes are not the only elements reaching new heights in this project. Earlier this year, the Miami Building Department granted a total demolition permit, marking the beginning of the site clearance process. The permit was issued to make way for the forthcoming St. Regis tower, which promises to redefine Brickell’s skyline.
The vision for the St. Regis tower is nothing short of breathtaking. Once completed, it is set to soar 52 stories above ground, reaching a height of 630 feet above ground level and 639 feet above sea level. This architectural marvel will not only reshape the skyline but also elevate the living experience for future residents.
As the project progresses, meticulous planning and coordination are underway. A master construction permit is currently under review, while phased vertical and site work permits are in process. These meticulous preparations underscore the commitment to ensuring the seamless execution of this monumental endeavor.
The St. Regis Residences project represents more than just a construction site; it embodies the spirit of innovation and progress that defines Miami’s vibrant landscape. With each crane raised and each floor built, Brickell’s skyline reaches new heights, reflecting the city’s unwavering ambition and limitless potential.
