One River Point Receives FAA Height Approval

The Federal Aviation Administration has given its certification for the One River Point towers in downtown Miami. The FAA allowed the towers to rise to a height of 788 feet above ground, or 797 feet above sea level, in a letter that was sent out on January 16.

The same property received FAA approval in 2014 for a construction height of 928 feet above ground (that approval expired in September 2018). The FAA then gave the towers additional certification in 2019.

Developers Edgardo Defortuna of Fortune International Group and Shahab Karmely of KAR Properties announced their collaboration to construct the buildings in November 2022.

The original developing company sold the property to the new partnership for $58.85 million.

According to records, Bank OZK gave the developers a $38 million loan for the 1.8-acre site at 24 Southwest Fourth Street in Miami. According to Defortuna, the loan is a line of credit to be utilized for the 386-unit luxury condominium’s development, sales, and marketing. After the unit plans are completed, sales should begin this year.

The developers will make a few changes while maintaining Rafael Violy’s original concept. An 85-foot waterfall, a three-story glass skybridge that floats in midair, and an exclusive members-only Adrian Zecha “Sky Club” on the 55th level with two restaurants, a cigar lounge, a wine cellar, and a screening room were all originally planned.

If you or someone you know have an interest in purchasing at One River Point, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

About Last Night: One River Point Debuts Lavish Sales Center

KAR Properties has unveiled their lavish sales center for One River Point in the Miami Riverfront with an opulent Midsummer Night’s Dream themed soiree. The sales center has been in the works for some time, the sales of the project launched in October of 2015 and the reservations were converted to contracts in January of this year.

The developer reportedly spent $3.5 million on the buildout of the 4,500 square foot gallery located at 92 SW 3rd Street. It includes displays from One River Point’s European luxury brand partners, B&B Italia, Gaggenau, Arclinea and Flos, as well as a full display of the material palettes, technological features, and an integrative site plan within the riverfront park. Additionally, guests have a chance to further experience the works and background histories of One River Point’s design team of Rafael Viñoly, Adrian Zecha, Rémi Tessier, and Sasaki Associates.

The grand opening featured performances by the Miami City Ballet, a string quartet and a preview of the residences, which are priced at an average of $1,259/square foot according to the Downtown Development Authority.

Residences at One River Point will range from 1,000 to 12,000 square feet, including sky lofts and sky villas, set within One River Point’s piece de résistance, a three story floating sky bridge that connects the two towers on the top floors where the Sky Club will be located. A riverfront waterfall will greed visitors in the motorcourt.

Have a look here for more renderings of the residences & finishes. The building will certainly be quite lovely!

Arrive to our Sales Gallery in style. A taste of the luxurious conveniences that await you at One River Point – our House Car will take you where you need to go. #SenseofArrival. PS: More on our Sales Gallery soon, very soon…#WatchThisSpace

A post shared by One River Point (@oneriverpoint) on Mar 15, 2017 at 5:17am PDT

An Evening on The Miami River. #orpsalesgallery #oneriverpoint

A post shared by One River Point (@oneriverpoint) on Mar 15, 2017 at 5:36pm PDT

#AboutLastNight: Swipe through to experience last night’s evening on the #MiamiRiver celebrating the exclusive premiere of #OneRiverPoint’s Sales Gallery. The festivities featured a special tableaux by members of @miamicityballet, VIP guests, and more.

A post shared by One River Point (@oneriverpoint) on Mar 16, 2017 at 7:30am PDT