Tag Archives: brickell neighborhood

Ken Griffin's Citadel Purchases Vacant Land in Brickell

Billionaire Ken Griffin Moves Forward with $1 Billion Mixed-Use Tower in Miami’s Brickell Financial District

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Ken Griffin's Citadel Purchases Vacant Land in Brickell

Ken Griffin, the billionaire founder and CEO of Citadel and owner of Citadel Securities, is pushing ahead with ambitious plans to develop a $1 billion-plus mixed-use tower in Miami’s vibrant Brickell Financial District. This significant development marks a new chapter for both Citadel and the rapidly evolving Miami skyline.

This week, Griffin’s attorney, Neisen Kasdin, submitted a pre-application for three prominent sites located at 1201 Brickell Bay Drive, 1221 Brickell Avenue, and 1250-1260 Brickell Bay Drive. These sites will collectively host the new headquarters for Citadel and Citadel Securities, reflecting Griffin’s commitment to establishing a substantial presence in Miami.

The proposed tower at 1201 Brickell Bay Drive will feature a mix of office spaces, a luxury hotel, retail outlets, food and beverage venues, and ample parking. This development will be constructed under Miami-Dade County’s rapid transit zoning regulations, a testament to the city’s forward-thinking urban planning. The sites fall within a Metromover subzone added in recent years, enhancing their accessibility and appeal.

In addition to the new tower, preliminary site plans suggest that residential units may be integrated into the existing office building at 1221 Brickell Bay Drive. This blend of commercial and residential spaces is designed to create a dynamic, multi-functional environment in the heart of Brickell.

Griffin has enlisted the expertise of Norman Foster’s renowned London-based architecture firm, Foster + Partners, to bring this vision to life. Philadelphia-based Gattuso Development Partners, led by office developer John Gattuso, is also collaborating on the project.

The Brickell assemblage, spanning approximately 4.2 acres, was acquired by companies linked to Griffin and Citadel for nearly $670 million in 2022. The most notable transaction was the $363 million purchase of the 2.5-acre bayfront lot at 1201 Brickell Bay Drive from the Hollo family’s Florida East Coast Realty. This deal set a record price for the development site.

While the project’s future height will be restricted by Federal Aviation Administration regulations, capping buildings in Miami at 1,049 feet, the development is poised to make a significant impact on the city’s skyline.

Citadel has been steadily expanding its footprint in Miami. Recently, it increased its space at 830 Brickell to a total of approximately 130,000 square feet. Additionally, Citadel and Citadel Securities maintain a presence at the Southeast Financial Center in downtown Miami.

Ken Griffin has also been investing heavily in South Florida’s residential real estate market. He owns several waterfront properties in Miami, Miami Beach, and Palm Beach. The Daytona Beach native’s relocation from Chicago to South Florida includes plans to sell some of his residential properties in Chicago, where he originally built his business empire.

1 Southside Park Brickell

1 Southside Park Brickell- Revised Plans Unveiled

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1 Southside Park Brickell

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:

  1. Increase in Open Space: The updated design incorporates more open space, providing residents and visitors with ample areas to enjoy outdoor activities and relaxation.
  2. Increase in Lot Coverage: There is a slight increase in lot coverage by 6%, optimizing the use of available land.
  3. Reduction in Residential Units: The number of residential units has been reduced by 185, bringing the total to 1,010 units, a 15% decrease.
  4. Reduction in Office Space: The office area has been trimmed down by 11,930 square feet, resulting in a 7% decrease.
  5. Increase in Commercial Space: Commercial space has seen a significant boost, with an addition of 26,129 square feet, representing a 23% increase.
  6. Larger Fire Station: The project now includes a larger fire station to better serve the community.
  7. 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.

ORA by Casa Tua in Brickell

Fortune International Group Secures Pre-Development Loan for ORA by Casa Tua in Brickell

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Ora by Casa Tua Rendering

Fortune International Group, a prominent Miami-based developer, has made a bold move by acquiring a prime 46,373-square-foot site at 1210 Brickell Ave in the heart of Brickell. This acquisition is a crucial milestone for the ORA by Casa Tua project, further supported by a substantial $36,080,000 pre-development loan from Amerant Bank. The project, set to redefine luxury living in Miami, is now on track for its groundbreaking in 2025.

The site was purchased from Miami-based Patagonian Investment Internacional LLC, and the developer is now gearing up for the construction phase, with groundbreaking expected to commence in 2025.

ORA by Casa Tua is set to be a landmark development in Miami, standing at 77 stories and approximately 930 feet tall. The building, designed by Arquitectonica with interiors by m2atelier, will feature 533 fully furnished residences available for short-term rentals. This ambitious project aims to embody Miami’s dynamic and evolving spirit, establishing itself as a prime destination in the city.

The development will also include approximately 25,000 square feet dedicated to Casa Tua’s four new restaurant concepts. Additionally, it will feature creative workspaces with private office spaces, conference rooms, content creation rooms, bar lounges, and outdoor seating areas.

Edgardo Defortuna, President, CEO, and founder of Fortune International Group, expressed his excitement about the project: “The acquisition of the site and loan closing are principal steps that mark an exciting beginning for ORA by Casa Tua’s vision to take shape. We are eager for Miami’s community to sense the anticipation and witness the project come to life.”

ORA by Casa Tua promises a range of luxurious amenities, including a second pool on the 12th floor with a sun shelf, loungers, cabanas, a jacuzzi, a show kitchen, a private event space, and lush landscaping. Residents will also enjoy an entertainment lounge, a two-floor fitness and wellness center with a hammam and couples treatment rooms, and a unique three-story open sky garden.

The residences will range from 500-square-foot studios to 2,400-square-foot four-bedroom units, all fully furnished and ready for immediate listing as short-term, seasonal, or long-term rentals. These units will offer stunning panoramic views of Brickell, Biscayne Bay, and Coconut Grove, featuring ten-foot ceilings with floor-to-ceiling windows and curated window treatments. The Italian-designed kitchens will be equipped with top-tier appliances, and the Italian-designed baths will include imported fixtures. Additionally, the residences will be outfitted with smart home technology and spacious walk-in closets.

Casa Tua, founded by Miky and Leticia Grendene, opened its flagship Miami Beach location in 2001. It quickly became known as a welcoming place for friends, family, and guests from around the world to celebrate life. Pioneering the members club concept in Miami, Casa Tua blends art, entertainment, and fine dining with a signature Italian style. Over the years, it has expanded to Aspen and Paris, with a New York City location opening in 2023. The brand also launched Casa Tua Cucina in partnership with Richard Baker and Saks Fifth Avenue, an award-winning Italian open kitchen concept located in Miami’s Brickell City Centre.

ORA by Casa Tua is poised to add to this legacy, offering a unique blend of luxury living and innovative design that reflects the vibrant spirit of Miami. As the project progresses, it will undoubtedly become a cornerstone of the Brickell skyline and a testament to Fortune International Group’s vision and commitment to excellence.

One Twenty Brickell Residences Miami

One Twenty Brickell Residences: A New Residential Tower in Miami

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One Twenty Brickell Residences Miami

A foundation permit application has been filed for One Twenty Brickell Residences, a 34-story residential tower planned for construction at 120 Southwest 8th Street in Brickell, Miami. Designed by Sieger Suarez Architects with interiors by Cotofana Designs and developed by Property Markets Group (PMG), this new development will feature 240 fully furnished residences, each delivered with its own deeded office suite and over 60,000 square feet of amenities. The foundation permit application was filed with Miami-Dade County on April 30, with no contractor yet named.

One Twenty Brickell Residences will feature a range of studio to three-bedroom apartments, sized from 451 to 1,395 square feet. Each residence will boast fully integrated kitchens with custom countertops and backsplashes, contemporary under-mount sinks, and a high-end appliance package. Additional features include imported and custom kitchen and bathroom cabinetry by Italkraft, WaterWorks bathroom fixtures, glass-enclosed showers, and fully built-out closets in primary bedrooms. The flooring, selected with specifications recommended by Cotofana Designs, includes designer polymer wood and a contemporary lighting package. A built-in top-of-the-line washer and dryer enhance convenience, while PMG’s smart home technology offers efficient, seamless personalization at the touch of a button.

One Twenty Brickell Residences features a unique offering of private office suites, which are deeded individually to condo purchasers. Each office is enclosed with glass panels and equipped with a desk, chair, two guest chairs, a wallpaper accent wall, and complimentary Wi-Fi, providing a functional workspace for residents. Additional office amenities include concierge secretary service, dedicated elevators, a reception area, and a coffee station. For larger meetings, a conference room is available, featuring an eight-person conference table, a 72-inch smart TV with a mounted camera, a conference phone, and Wi-Fi access.

Extensive Amenities for Modern Living

Amenities at One Twenty Brickell Residences encompass over 60,000 square feet, including:

  • Pickleball court with courtside seating
  • Children’s club and gym
  • Sky bar and lounge
  • Cafe and juice bar
  • Infinity-edge pool offering sunset views
  • Dog run
  • Wellness and fitness center featuring steam rooms, saunas, treatment rooms, and relaxation area with outdoor terraces
  • Modern fitness studio with the latest equipment
  • Movement studio and yoga lawn

Additional services available to residents include a building and wellness concierge, comprehensive management of the property, and smart-building technology, all aimed at providing a seamless living experience. The complex is further enhanced by custom art installations, enriching the environment for those who live, work, and play there.

Mercedes Benz Places Pool Deck

New Renderings Revealed for Mercedes Benz Places

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Mercedes Benz Places Lobby

Mercedes Benz Places tower just revealed new renderings of the stunning 67-story edifice that’s taking shape in the heart of Brickell. This reveal, strategically timed ahead of the Formula 1 Miami Grand Prix weekend, not only captured the essence of luxury and innovation but also marked a significant milestone in real estate developments.

From the outset, Mercedes Benz Places has been a beacon of architectural ambition and opulence. It’s no surprise that the tower has already set a sales record, with 100 units snapped up within the first four days of marketing. This brisk pace of sales underscores the high demand and prestige associated with owning a part of this iconic building.

The image reveal event was held at The Concours Club, providing an apt setting for unveiling a project that melds luxury with cutting-edge design. Attendees got their first look at the sophisticated aesthetic and architectural nuances of the tower. Notably, the building features giant Mercedes logos at the porte cochere and atop the rooftop pool, these design elements echo the luxury and excellence synonymous with the Mercedes brand.

The event was graced by notable figures including Toto Wolff, the CEO of Mercedes AMG Petronas F1 Team; Michael Stern, CEO of JDS Development; and Ryan Serhant, a renowned real estate mogul. Their presence highlighted the significant collaboration and vision that drives the Mercedes Benz Places project.

The Mercedes Benz Places tower in Brickell is more than just a high-rise; it’s a symbol of luxury living and architectural grandeur. As the tower rises, it promises to reshape the Miami skyline and offer an unmatched living experience. The enthusiastic reception of the new renderings is just a precursor to the transformative impact this tower will have on luxury real estate in Miami.

For those interested in a blend of luxury and performance, Mercedes Benz Places appears to be setting new standards on every front. As the construction progresses, all eyes will undoubtedly remain on this landmark project that’s poised to become one of the most coveted addresses in Miami.

Mercedes Benz Places Penthouse Kitchen
Mercedes Benz Places Ocean View and Pool Deck
Mercedes Benz Places Pool Deck
Mercedes Benz Places Living Room with Ocean View
Babylon Racquet Club Brickell

Exploring the Future of Brickell: The Babylon Racquet Club Development

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Babylon Racquet Club Brickell

In the heart of Miami’s bustling Brickell district, a new development is poised to make waves in the local real estate scene. Developer William Jacome has unveiled plans for a 23-story mixed-use tower, the Babylon Racquet Club, on the site of the former Babylon Apartments. This new project is particularly notable not only for its scale but also for its focus on racket sports, promising to become a major sports hub in the area.

The proposal for the Babylon Racquet Club comes five years after a previous 24-story project faced significant pushback from local residents. However, changes in zoning regulations have breathed new life into development prospects. In February, Miami-Dade County reclassified the development site into the Metromover subzone, which supports the construction of a 23-story building.

The Babylon Racquet Club is planned to feature 34 condominiums, 15 hotel rooms, 13,700 square feet of restaurant space, 4,400 square feet of office space, and a gym. Located at 240 Southeast 14th Street, the project will include 14 courts for tennis, pickleball, padel, and racquetball, marking it as a significant addition to the sports facilities in the area.

This development is strategically placed just a half-mile walk from the Financial District Metromover station, making it easily accessible for both residents and visitors. Jacome’s vision extends beyond just building structures; he is setting the stage for a vibrant community hub centered around sports and leisure.

The site itself has a colorful history, adding a layer of depth to the current development. Originally home to the Babylon Apartments, the site was the first Miami project of the now-renowned architecture firm Arquitectonica, completed in 1982. The building’s unique ziggurat-inspired design was a bold introduction of modern architectural style to Miami.

Over the years, the site has seen its share of drama, including its previous owner Ray Corona who was imprisoned in 1987 due to connections with notorious Miami drug lords. The building eventually changed hands to Francisco Martinez Celeiro, a former actor known by the stage name George Martin, who after a lengthy legal battle, managed to demolish the building in 2018 following the city’s approval to double the site’s allowable height.

The Babylon Racquet Club project is just one part of a larger trend of significant developments in Brickell, which has rapidly become a hotspot for major financial and luxury residential projects. This includes the relocation of Ken Griffin’s Citadel headquarters and plans for high-profile projects like the Dolce & Gabbana-branded condo-hotel and the Baccarat Residences.

Calle 8 in Brickell Submits Building Height Plans to FAA

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Calle 8 in Brickell Miami

Exciting developments are underway in Brickell, Miami, as plans for a towering addition to the skyline have taken a significant step forward. On April 12, filings detailing the proposed building heights for a new project were submitted to the Federal Aviation Administration (FAA), marking a pivotal moment in the city’s urban evolution.

According to the submissions, the proposed tower is set to soar to impressive heights, with plans indicating a staggering elevation of 737 feet above ground or 750 feet above sea level. This ambitious vision promises to reshape the skyline and further solidify Brickell’s reputation as a dynamic hub of architectural innovation.

The proposed tower is situated on the same site where the captivating 65-story structure, tentatively named Calle 8, is currently navigating through the approval process with Miami-Dade County planners. The synergy between these projects underscores the area’s momentum and the developers’ commitment to redefining urban living.

Behind this visionary endeavor is Millennium Developments of Brickell LLC, a developer renowned for its commitment to excellence and forward-thinking design. In addition to the FAA filings, the developer recently filed for a tree permit at the project site on March 19, signaling a holistic approach to sustainable development.

The plans outline a multifaceted space that seamlessly integrates commercial, cultural, and residential elements. Ground floor retail spaces will invigorate street-level activity, while a proposed performing arts venue or retail complex promises to enrich the cultural fabric of the community.

Spanning across 65 stories, the tower will house 464 residential units, offering unparalleled views of the cityscape and the bay. Beyond living spaces, the development will feature amenity spaces tailored to enhance the quality of life for residents, fostering a sense of community and well-being amidst the urban hustle.

As Brickell continues to evolve into a vibrant urban epicenter, developments like this underscore the neighborhood’s status as a global destination for living, working, and leisure. The proposed tower represents not only a physical manifestation of progress but also a testament to the collaborative spirit driving Miami’s growth.

With its bold design, strategic location, and thoughtful amenities, the proposed tower in Brickell promises to redefine the city skyline and elevate the standard of urban living. As the project progresses through regulatory channels, anticipation mounts for the unveiling of this iconic addition to Miami’s architectural landscape.

2200 Brickell Miami

2200 Brickell Development Breaks Ground

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2200 Brickell Miami

Miami, renowned for its vibrant culture and stunning skyline, is set to welcome a new landmark with the groundbreaking ceremony of 2200 Brickell yesterday. This eagerly anticipated event marks the commencement of a visionary project that promises to redefine luxury living in the heart of the city.

Situated in the prestigious Brickell neighborhood, 2200 Brickell stands tall as a five-story development comprising 105 opulent condominiums. Crafted with meticulous attention to detail, these residences epitomize sophistication and exclusivity, offering a lifestyle reserved for the discerning few.

With prices starting at $1.2 million, the condos at 2200 Brickell present an unparalleled opportunity to indulge in the epitome of luxury living. From breathtaking views of the Miami skyline to unparalleled amenities, each aspect of this development is designed to exceed expectations and elevate the standard of upscale living.

Behind this ambitious venture stand the acclaimed Aria Development Group, Largo, and Place Projects. With a shared commitment to excellence and innovation, these developers bring a wealth of experience and expertise to the table, ensuring that 2200 Brickell emerges as a true masterpiece in Miami’s architectural landscape.

At the helm of the design is the renowned architectural firm Revuelta, renowned for its iconic creations that seamlessly blend form and function. Collaborating with Revuelta are the visionary minds at ODA New York, tasked with crafting interiors that exude sophistication and style, setting a new standard for luxury living in Miami.

As the ceremonial shovels hit the ground, anticipation fills the air for what lies ahead. With completion slated for 2026, 2200 Brickell promises to be more than just a residential development; it’s a symbol of Miami’s unwavering spirit of innovation and progress.

The groundbreaking ceremony of 2200 Brickell heralds the dawn of a new era in luxury living. From its meticulously designed residences to its prime location in the heart of Brickell, this development is poised to captivate discerning homeowners and redefine the very essence of upscale living in Miami. As construction progresses, the anticipation only grows, fueling excitement for the unveiling of this architectural marvel in 2026. Stay tuned as 2200 Brickell sets the benchmark for luxury living in the Magic City.

2200 Brickell Pool Deck
Cipriani Residences Miami

Construction Update for Cipriani Residences Miami

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Cipriani Residences Miami

In a cityscape that’s constantly reaching for the sky, the 80-story Cipriani Residences Miami construction site in Brickell has its eyes set on new heights, quite literally. Recent filings with the Federal Aviation Administration (FAA) have lifted the veil on the ambitious plans for the tower cranes that will oversee this monumental project.

According to the filing submitted just last week, the dimensions of these cranes are nothing short of awe-inspiring. The first crane is slated to ascend to a staggering 1000 feet above ground, equivalent to 1003 feet above sea level. Not to be outdone, its counterpart will soar to 980 feet above ground, or 983 feet above sea level.

These towering cranes serve as beacons of progress, symbolizing the monumental task at hand as the Cipriani Residences project takes shape. The groundbreaking ceremony, held just last month, marked a historic moment for Brickell, as it heralded the commencement of construction on what will be the tallest tower ever to grace its skyline.

Once completed, Cipriani Residences is set to stand proudly at a permanent height of 940 feet above ground, or 950 feet above sea level. Prior to breaking ground, the developer secured a hefty $600 million construction loan, underscoring the confidence in the project’s success and its potential to redefine luxury living in Brickell.

Yet, Cipriani Residences is not a solitary endeavor. It’s part of a larger vision for the area. Alongside the main tower, two additional structures are slated to rise, standing 50 and 60 stories tall. Together, these buildings will offer a total of 856 units, adding a new dimension to Brickell’s residential landscape with their focus on rental apartments.

With such grand plans come meticulous timelines. Completion of Cipriani Residences is projected for the year 2028, promising a new era for Brickell and setting a high bar for future developments in the city.

Domus Brickell Park Exterior

Domus Brickell Park in Brickell Set to Break Ground in March 2024

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Domus Brickell Park Exterior

In the heart of Miami’s bustling Brickell Financial District, a new landmark is set to rise, promising to redefine luxury living and hospitality in the area. Domus Brickell Park, a visionary 12-story condominium development by North Development, a strategic joint venture between Ricardo Dunin’s Oak Capital and Edifica, Peru’s foremost developers and builders, is gearing up to break ground next month, marking a significant milestone in Miami’s real estate landscape.

The project, located at 1611 Southwest 2nd Avenue, has already garnered substantial attention, with over 50% of its 171 residential units sold, including the project’s sole commercial space. What sets Domus Brickell Park apart is its innovative concept of Domus FLATS (Flexible Apartments for Temporary Stays), which seamlessly blends the convenience of luxury hotel amenities with the income potential of rental properties, capturing the imagination of the community and investors alike.

Designed by renowned firms Zyscovich Architects and Urban Robot Associates, Domus Brickell Park promises an unparalleled living experience. Each of the 171 fully-furnished studio, one, and two-bedroom units will exude a sense of home, boasting private balconies, keyless entry, premium appliances, and finishes, including in-unit washers and dryers. The building’s amenities are equally impressive, featuring a 4,200-square-foot central space, café, wine bar, gourmet market, lush garden lounge, gym, steam room, rooftop pool deck, cabanas, hot tub, and a bike share program.

Kurt Kehoe, Founding Partner of North Development, expressed his excitement about the project’s success, emphasizing its transformative impact on the market. “We have reimagined the outdated condo-hotel concept through this new and innovative form,” he remarked. “The overwhelming interest underscores the demand for a fresh approach to luxury living and hospitality.”

With delivery slated for the winter of 2025, units at Domus Brickell Park range from $500,000 to $1.2 million, offering sizes from 330 to 947 square feet. The Domus FLATS model prioritizes operating efficiencies to reduce owner costs, boasting high-level hotel management and services, including 24-hour valet, a reservations platform akin to major hotels and airlines, and the Domus App for seamless check-ins and services, supported by a 24/7 concierge.

Juan Carlos Tassara, cofounder of Edifica, emphasized the uniqueness of Domus FLATS, noting its potential to attract both residents and guests, thereby fostering long-term stability for owners. Domus Management, a subsidiary of North Development, is committed to delivering unparalleled service, drawing on decades of industry experience to ensure consistency, efficiency, and professionalism in the short-term rental process.

In a further testament to its progress, the developer recently finalized a water and sewer agreement with Miami-Dade and appointed Thornton Construction Company Inc. as the general contractor, with MTCI Private Provider serving as the permit expediter.

As Domus Brickell Park prepares to break ground, it signals a new era of luxury living and hospitality in Miami’s Brickell Financial District. With its visionary design, innovative concept, and commitment to excellence, it stands poised to redefine the skyline and elevate the standard of living for its residents and guests alike.

Domus Brickell Park Rooftop Pool