New Edgewater Tower Receives FAA Approval for 637-Foot Height
Edgewater, one of Miami’s most rapidly developing neighborhoods, is set to welcome a striking new addition to its skyline. The Federal Aviation Administration (FAA) has officially given the green light for the height of a new tower planned for the area. According to a determination letter dated August 19th, the FAA has approved the tower to rise to an impressive 637 feet above ground level, or 641 feet above sea level.
The letter was sent to Meridian TC Real Estate Group LLC, the company responsible for overseeing the project. The approved height paves the way for the construction of Edge House Miami, a luxury condominium building that will also allow for short-term rentals—a feature that is increasingly popular in the Miami real estate market.
Edge House Miami is set to be a 57-story architectural marvel, with a design crafted by the renowned architect Kobi Karp. Known for his innovative and contemporary designs, is expected to bring a modern aesthetic to Edge House Miami, further enhancing Edgewater’s reputation as a hub for luxury living.
The developer behind this ambitious project is Peru’s Grupo T&C, a company with a growing portfolio of high-end developments. Their decision to invest in Edgewater reflects the area’s burgeoning appeal, particularly among those seeking upscale residential options with flexible rental opportunities.
As Edge House Miami begins to take shape, it promises to be a significant landmark in Edgewater, contributing to the neighborhood’s evolving identity as one of Miami’s premier residential districts. The project’s approval by the FAA marks a crucial step forward, setting the stage for what will undoubtedly be one of Edgewater’s most anticipated developments.
Brickell’s Dolce&Gabbana Tower to Fund Transportation Upgrades
In a significant development for Miami’s Brickell neighborhood, the developer behind the highly anticipated 90-story Dolce&Gabbana supertall condo hotel has reached an agreement to fund crucial transit and transportation upgrades in the area. This agreement is a pivotal step in the ongoing review process as the project progresses under Miami-Dade’s Rapid Transit zoning plan.
The Dolce&Gabbana tower, a striking addition to the Miami skyline, is currently under scrutiny by Miami-Dade’s review process, which falls under the Rapid Transit zoning plan. This zoning plan is designed to ensure that new developments contribute to the public good, particularly in areas like transportation and transit infrastructure. The approval of developments within this zone is often contingent upon providing significant public benefits, which in this case, includes a substantial financial commitment from the developers.
On August 13th, a Declaration of Restrictions was officially recorded with Miami-Dade County, outlining the public benefits that will accompany the approval of the Dolce&Gabbana tower. One of the key components of this declaration is a commitment to a $1.5 million contribution from the developer. This one-time payment will be allocated to a series of much-needed upgrades and improvements in the Brickell area.
Traffic Signal Installation: A new traffic signal will be installed at the intersection of South Miami Avenue and SW 10 Street. This upgrade is expected to enhance safety and traffic flow in one of Brickell’s busiest areas.
Metromover Station Enhancements: The Tenth Street Metromover Station and its surrounding vicinity will receive repairs and upgrades. These improvements will include updates to mechanical systems, restrooms, painting, signage, accessibility features, streetscape improvements, and wayfinding support.
Additional Commitments: The $1.5 million contribution will be in addition to any permitting or impact fees that are already due to the County as part of the development process. However, if the County Director determines that any portion of the contribution is duplicative of impact fees, the developer may be eligible for an offset equivalent to the value of those fees.
The agreement was signed by Michael Stern, representing the developing entity. This commitment to improving the infrastructure around the Dolce&Gabbana tower underscores the developer’s dedication to enhancing the community and addressing the needs of Brickell’s growing population.
As the Dolce&Gabbana supertall condo hotel moves closer to realization, this agreement marks a significant milestone in ensuring that the development not only adds luxury and architectural grandeur to Miami’s skyline but also contributes meaningfully to the city’s infrastructure. The upcoming transit and transportation upgrades funded by the developer will play a vital role in supporting the continued growth and vibrancy of the Brickell neighborhood.
Loews Corporation Secures $305 Million Refinancing for Miami Beach Resort
Loews Corporation is poised to receive a $305 million refinancing package for its premier oceanfront Miami Beach resort. The financing, which backs the 5-acre, 790-key hotel located at 1601 Collins Avenue, is being originated by Wells Fargo, National Association, and JPMorgan Chase Bank, as reported by Fitch Ratings. The transaction is expected to close on September 10th.
The 10-year, fixed-rate, interest-only loan will serve to refinance the existing $300 million debt and cover approximately $5 million in closing costs. Despite multiple inquiries, a spokesperson for Loews has not provided any comments on the matter.
Loews, which is led by the billionaire Tisch family, has a long-standing history with the property, having acquired it in 1998. The resort encompasses two towers, including the historic St. Moritz building and a 17-story tower. The property boasts approximately 46,000 square feet of meeting space, six food and beverage outlets, retail spaces, a pool, and cabanas. Among its dining options is the renowned Rao’s restaurant, which has become a key attraction for guests.
Fitch Ratings has valued the property at just over $400 million, translating to about $507,000 per key. With a loan-to-value ratio of 74 percent, the new financing will strengthen the resort’s financial foundation while ensuring its continued operation as a luxury destination in Miami Beach.
This refinancing follows a similar move earlier this month by BDT & MSD, a merchant bank created through the merger of Trott’s BDT & Company and MSD Partners, the private investment arm of Dell Technologies founder Michael Dell. The firm secured a $1 billion refinancing for the Boca Raton Resort & Club, a 1,047-key luxury hotel located at 501 East Camino Real in Boca Raton. Citi Real Estate Funding provided the two-year, floating-rate interest-only loan for that transaction.
The Miami Beach resort refinancing marks yet another significant investment in South Florida’s luxury hotel market, reflecting the region’s robust real estate and hospitality sectors. As Loews continues to enhance its premier properties, the future looks bright for this iconic oceanfront destination.
Foundation Pour Completed for Aria Reserve North Tower
Exciting progress is being made on the highly anticipated Aria Reserve development in Miami! The foundation pour for the 62-story Aria Reserve North Tower was successfully completed, according to a recent social media post by shell contractor L&R Structural Corp. This marks a significant milestone in the construction of one of Miami’s most luxurious and ambitious residential projects.
The foundation pour comes just a few weeks after the Miami Building Department issued the master construction permit for the North Tower on June 11. Construction cranes were promptly installed following the permit issuance, allowing the project to progress smoothly. The twin towers of Aria Reserve, each rising 62 stories or 649 feet, are set to redefine Miami’s skyline.
Aria Reserve is a twin-tower development, with each tower standing tall at 62 stories. The South Tower, which topped off in April, is a testament to the speed and efficiency with which this project is moving forward. Together, the two towers will offer approximately 743 luxury condos, providing residents with stunning views and top-tier amenities in the heart of Miami.
The Aria Reserve project is being developed by the esteemed Melo Group, a name synonymous with quality and luxury in Miami’s real estate scene. The architectural design is being crafted by the renowned firm Arquitectonica, known for their innovative and iconic designs that grace skylines around the world.
With the foundation pour now complete, the construction of the Aria Reserve North Tower will continue to rise, bringing this ambitious project closer to its final form. As the towers inch closer to completion, Miami residents and future condo owners alike are eagerly awaiting the day when Aria Reserve will open its doors, offering an unparalleled living experience in one of the most vibrant cities in the world.
The Future of Inter Miami: Miami Freedom Park
As the anticipation builds for the 2026 MLS season, soccer fans in Miami have a lot to look forward to with the upcoming opening of Miami Freedom Park, the new home of Inter Miami CF. While the stadium is still under construction, the project received a significant boost from the State of Florida, further solidifying its importance to the local community and beyond.
Governor Ron DeSantis made headlines recently with an announcement at Inter Miami’s temporary home, Chase Stadium in Fort Lauderdale. The governor revealed that the State of Florida would be granting $8 million to Miami-Dade County to support infrastructure improvements around the new stadium site. This funding is earmarked specifically for constructing roadways that will alleviate traffic congestion, an essential consideration given the stadium’s proximity to Miami International Airport.
The governor’s remarks highlight the state’s strategic approach to supporting large-scale projects like Miami Freedom Park. While direct funding for the stadium’s construction isn’t on the table, the investment in infrastructure underscores the state’s commitment to ensuring the success of such ventures.
Miami Freedom Park isn’t just about soccer; it’s a vision for a multifaceted community space that includes a 26,700-seat stadium, a 58-acre park, hotels, offices, retail, and entertainment venues. Inter Miami managing owner Jorge Mas emphasized this broader vision during the announcement, calling the project “transformational” for Miami.
The project is set to create over 13,000 direct and indirect jobs and generate more than $40 million in tax revenue for state and local governments. In addition to the stadium, the project promises to deliver the largest park in the City of Miami, offering a significant recreational space for residents.
The journey to Miami Freedom Park has been a long and challenging one for the Mas brothers and co-owner David Beckham. After years of political hurdles and delays, the City of Miami finally approved the $1 billion project in April 2022. The stadium is being built on the site of the former Melreese Golf Course, a location that will soon transform into a vibrant hub for sports and entertainment.
Inter Miami CF has already made waves in the soccer world, especially with the signing of Argentine superstar Lionel Messi. The arrival of Messi, along with other top talents like Sergio Busquets and Jordi Alba, has catapulted the team into the global spotlight, raising expectations for what lies ahead.
Governor DeSantis acknowledged the impact of these signings, noting, “What we’ve seen in soccer in South Florida has been incredible, especially when they brought Messi on. That was like the biggest thing ever, having a global superstar like that right here is a really big deal for our community.”
As Miami Freedom Park nears completion, the excitement continues to build. With its opening scheduled for the 2026 MLS season, the stadium will not only serve as the new home for Inter Miami but also as a key venue for the 2026 World Cup, which the United States will co-host. The future looks bright for soccer in Miami, and Miami Freedom Park is set to be at the heart of it all, driving both the sport and the local economy to new heights.
The Crosby Miami Worldcenter Construction Update
The 33-story Crosby Miami Worldcenter has reached a significant milestone, topping off according to Beauchamp Construction Co. This achievement marks the completion of the building’s structural framework, and a celebration was held on July 19th to commemorate this event.
The journey of the Crosby Miami Worldcenter began with its groundbreaking in January 2023. Now standing tall at a permanent height of 390 feet, this impressive tower is set to become a prominent feature of Miami’s skyline. The building boasts a variety of features that promise to enhance the living experience for its residents:
450 Condo Units: These units are designed to allow short-term rentals, providing flexibility and potential income for owners.
22,000+ Square Feet of Amenities: The extensive amenities include a range of recreational and leisure facilities to cater to the needs of residents.
Rooftop Bar and Restaurant: Offering stunning views of the city, the rooftop bar and restaurant are set to become popular spots for both residents and visitors.
3,370 Square Feet of Retail Space: This retail space will add to the convenience of residents, providing easy access to various shops and services.
In a testament to its appeal, all units in the Crosby have already been sold. This rapid sell-out highlights the high demand for luxury living spaces in prime locations within Miami.
Despite the absence of a new parking garage within the building, residents of the Crosby will have access to parking facilities elsewhere in the Worldcenter. This arrangement ensures that convenience and accessibility remain top priorities for those living in the tower.
The topping off of the Crosby Miami Worldcenter marks a significant step in its development, bringing it closer to its final completion. With its array of amenities, strategic location, and luxurious living spaces, the Crosby is set to become a sought-after residence in Miami. As the building continues to take shape, it promises to deliver an exceptional living experience in the heart of the city.
Four Seasons Private Residences Coconut Grove Construction Update
The highly anticipated Four Seasons Private Residences Coconut Grove is making significant strides towards becoming a new landmark in Miami’s luxury real estate scene. The developers, CMC Group and Fort Partners, recently finalized a deal to connect the upcoming 20-story tower to Miami-Dade’s water and sewer system, a crucial step in the project’s progression.
The construction permit application for this new addition to Coconut Grove’s skyline was submitted in December and is currently under review. Once completed, this will be the first standalone Four Seasons residences in Florida, marking a significant milestone for the brand in the state.
In a notable move, the developers launched sales for the 70 residential units in April, bypassing the traditional reservation stage. The response was immediate and enthusiastic, with buyers going straight to contract, underscoring the strong demand for these exclusive properties.
The residences will offer a range of options from two- to four-bedroom units, with sizes reaching up to 3,980 square feet. For those seeking even more space and luxury, four penthouse residences are available, ranging from nearly 6,430 to a sprawling 9,690 square feet. Each unit will feature private elevators and 11-foot ceilings, providing an unparalleled sense of space and privacy.
The design of the Four Seasons Private Residences Coconut Grove is in expert hands. Renowned Florentine designer Michele Bönan is overseeing the interior design, ensuring a sophisticated and timeless aesthetic. The architectural vision is led by Miami-based architect Luis Revuelta, known for his innovative and elegant designs.
As this project moves closer to realization, it promises to set a new standard for luxury living in Miami. With its prime location, world-class design team, and the prestigious Four Seasons name, these residences are poised to become a sought-after address in Coconut Grove.
For potential buyers and investors, the opportunity to own a piece of this exclusive property is both a lifestyle and an investment opportunity. Stay tuned for more updates as this exciting project continues to take shape.
New Renderings Unveiled for Cassia: A Luxurious Residential Development in Coral Gables
Alta Developers has recently revealed new renderings for Cassia, a striking 12-story residential development set to redefine luxury living in the heart of Coral Gables. Designed by the esteemed architectural firm Behar Font & Partners, this fully furnished luxury condominium will be located at 4011 Salzedo Street in the Merrick Park District. Cassia will offer 174 elegantly designed residences, ranging from one- to three-bedroom units, with sizes spanning from 662 to 1,439 square feet. Ideal for frequent travelers or seasonal residents, these units come fully furnished by RH, offering flexible rental options.
The newly unveiled renderings showcase Cassia’s rectilinear form, accentuated by a sleek white stucco exterior. The building’s design emphasizes vertical and horizontal lines through its recessed balconies and window frames. Large, floor-to-ceiling windows punctuate the façade, allowing for breathtaking views and an abundance of natural light. Architectural frames surrounding the balconies add a sophisticated depth and texture to the overall aesthetic.
The lower levels of Cassia will feature ground-level retail spaces, designed with extensive glazing and black aluminum framing to enhance transparency and encourage street-level interaction. The façade on this level will be clad in stone material or veneer, complemented by green walls and nearby landscaping, creating a harmonious blend with the surrounding environment.
A standout feature of Cassia is the outdoor amenity deck located above the podium level. This landscaped area includes a pool deck surrounded by palm trees and lush plantings, offering a serene retreat for residents. The pool area is outfitted with lounge chairs and outdoor seating, perfect for relaxation and social gatherings.
The name “Cassia” is inspired by the beautiful Cassia trees that bloom across Coral Gables during Spring and Fall, their pink blossoms resembling delicate bouquets. This name is a nod to the city’s founders, who envisioned Coral Gables as a Garden City with lush green avenues and charming architecture. This vision has been preserved, with Coral Gables earning the designation of Tree City USA for over 34 years.
Located just steps away from the Shops at Merrick Park, Cassia residents will enjoy unparalleled access to premier shopping and dining experiences. The area boasts over 100 retailers and restaurants, including luxury brands such as Neiman Marcus, Nordstrom, Gucci, and Tiffany & Co. For fitness and wellness, residents can visit Equinox Fitness, SoulCycle, and the Elemis spa.
Cassia promises to be a hallmark of luxury living in one of South Florida’s most desirable and pedestrian-friendly locations, blending modern design with the rich cultural heritage of Coral Gables.
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.
