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.
Introducing Domus FLATS: A New Condo-Hotel Experience in Miami’s Brickell Financial District
Forman Capital, a private direct real estate lender based in Palm Beach County, Florida, recently made headlines with its $54.56 million construction loan to the developer of a groundbreaking condominium-hotel project in Miami’s Brickell Financial District. This development, known as Domus Brickell Park, promises to redefine the hospitality landscape in the area.
Domus Brickell Park is not just another real estate project; it’s a vision brought to life by the collaborative efforts of renowned architects Zyscovich Architects and interior designers Urban Robot Associates. The 12-story, 172-unit structure will house the innovative Domus FLATS brand, offering Flexible Apartments for Temporary Stays—a concept tailored to meet the demands of modern living.
The brainchild of North Development—a joint venture between Oak Capital, led by Ricardo Dunin, and Edifica, a prominent developer from Peru—Domus Brickell Park represents a fusion of international expertise and local insight. Its prime location at 1611 Southwest Second Avenue further adds to its allure, nestled within the vibrant heart of Miami’s bustling financial district.
Forman Capital’s involvement in the project marks a significant milestone, representing the first transaction between the sponsors and the lending institution. Partnering with Forman Capital, North Development secured the necessary financial support to realize their vision.
According to Ben Jacobson, Partner at Forman Capital, the collaboration holds promise for a long-term relationship. He expressed excitement about Domus FLATS at Brickell Park, emphasizing Forman Capital’s unique ability to swiftly execute construction financing transactions for such innovative developments.
What sets Domus FLATS apart is its unparalleled flexibility. Units within the development can serve as primary residences or be utilized for short-term rentals, offering buyers the freedom to tailor their investment according to their needs. Additionally, all units come fully furnished, providing a seamless transition for residents and guests alike.
Buyers opting to rent their units can leverage Domus’s comprehensive property management services and reservation system, which offers access to over 85 sales channels. With unit prices ranging from the $500,000s to $1.2 million, Domus FLATS promises luxury living with a touch of versatility.
Ricardo Dunin, Founding Partner of North Development, lauded the seamless collaboration with Forman Capital, citing their unwavering support and dedication throughout the financing process. He sees the successful financing as a testament to the market’s confidence in the Domus Brickell Park project and the Domus FLATS brand.
Scott Mehlman, Chief Investment Officer at Forman Capital, echoed Dunin’s sentiments, emphasizing the significance of the partnership and the potential for growth. He highlighted the transaction’s complexity and international scope, underscoring Forman Capital’s capability to navigate such challenges effectively.
As construction progresses and anticipation builds, Domus FLATS is poised to make its mark on Miami’s hospitality scene. With its blend of innovative design, strategic location, and unmatched flexibility, it stands as a beacon of modern living in the heart of Brickell.
Architectural Brilliance Unveiled: Sumaida + Khurana’s Landmark Project with Eduardo Souta de Moura
In a cityscape renowned for its vibrant energy and architectural innovation, Miami Beach is set to welcome a groundbreaking addition that promises to redefine its skyline. Sumaida + Khurana, the internationally acclaimed real estate development firm, has set its sights on crafting yet another masterpiece, this time in collaboration with the esteemed architect Eduardo Souta de Moura.
The buzz is palpable as Sumaida + Khurana announces its partnership with Pritzker Prize-winning architect Eduardo Souta de Moura for the design of a new Class A+ office building. Nestled at the corner of Fifth Street and Alton Road, this architectural marvel marks Souta de Moura’s inaugural venture in both North and South America, promising a fusion of global expertise and local flair.
Joining forces with property owners Roslyn and Norton Nesis, as well as Robert and Miriam Weiss of Weiss Properties, Sumaida + Khurana spearheads this visionary project in Miami Beach’s coveted South of Fifth neighborhood. The strategic collaboration, structured by Aaron Butler of Avenue Real Estate Partners, underscores a shared commitment to excellence and innovation in urban development.
At the heart of this ambitious endeavor lies a vision to create a landmark structure that transcends mere functionality, embodying the spirit of Miami Beach’s evolving landscape. Saif Sumaida, Founding Partner at Sumaida + Khurana, underscores the significance of this endeavor: “The location of our project at Fifth & Alton presented us with a truly significant and monumental opportunity to develop a gateway building, a structure one first sees when entering a city.”
Amit Khurana, Founding Partner at Sumaida + Khurana, echoes this sentiment, emphasizing the timeless allure of the South of Fifth enclave: “Miami Beach and the South of Fifth enclave has emerged as one of the most sophisticated neighborhoods in the world. We felt that it was imperative to create a timeless building that reflects the evolution of the City.”
The design ethos of Eduardo Souta de Moura, characterized by poetic forms and meticulous detailing, takes center stage in this architectural symphony. The 5-story building, adorned with double-height voids and refined mirror details, exudes a sense of depth and reflection, inviting residents and visitors into a world of sublime elegance.
Crafted from authentic materials such as concrete, glass, and pink coral stone, the building’s structure embodies a harmonious blend of strength and grace. Each floor showcases a gradual reduction in size, culminating in a knife-edge slab at the roof—a testament to Souta de Moura’s mastery of form and proportion.
As plans for this visionary project unfold, anticipation mounts within the Miami Beach community. Set to be presented to the Miami Beach Planning Board on April 25, the development promises to set a new standard for architectural excellence in the region.
In the meantime, Sumaida + Khurana continues to make waves with its ongoing project, The Fifth Miami Beach—a testament to the firm’s unwavering commitment to redefining urban landscapes. With Cain International’s recent infusion of a $47.25 million construction loan and 25% of the building already pre-leased, the future shines bright for Sumaida + Khurana’s ventures in Miami Beach.
As the sun sets over Miami Beach’s iconic skyline, the promise of a new architectural gem beckons. With Eduardo Souta de Moura at the helm and Sumaida + Khurana leading the charge, the stage is set for a landmark collaboration—one that will leave an indelible mark on the city’s rich tapestry of innovation and design. Stay tuned as Fifth Street and Alton Road prepare to welcome a new icon into their midst.
Miami’s ever-evolving skyline is set to reach new heights as the Federal Aviation Administration (FAA) recently granted approval for the installation of two imposing construction cranes in the bustling neighborhood of Brickell. This monumental decision paves the way for the construction of the 71-story solar-powered 1428 Brickell residential tower, promising to redefine luxury living with its innovative design and sustainable features.
The FAA’s green light signifies a significant milestone in the development of the 1428 Brickell project. These towering cranes, standing at a height of 1,001 feet above ground level, or 1,010 feet above sea level, are poised to dominate the Miami skyline for the next 19 months. Their installation marks the commencement of a transformative journey that will ultimately culminate in the creation of one of Miami’s tallest residential skyscrapers.
What sets the 1428 Brickell tower apart is not only its remarkable height but also its commitment to sustainability. As the world’s first residential high-rise to be partially powered by the sun, this architectural marvel is poised to set new standards in eco-conscious living. With 500 photovoltaic-integrated windows harnessing the power of sunlight, the tower exemplifies the fusion of luxury and environmental responsibility.
The recent commencement of demolition work at the project site marks the beginning of an exciting chapter in Miami’s urban landscape. A 100,000 square foot office building has been vacated to make way for the development, signaling the city’s readiness for a new era of modernity. As construction permits navigate through Miami’s Building Department, including those for demolition, site work, and full vertical construction, anticipation mounts for the imminent issuance of a total demolition permit.
At the helm of this ambitious undertaking is John Moriarty, the esteemed contractor entrusted with bringing the 1428 Brickell vision to life. With a proven track record of delivering iconic structures, Moriarty’s expertise ensures that the project remains on schedule and adheres to the highest standards of quality and safety.
While the completion of the 1428 Brickell tower is slated for 2027, the impact of this architectural marvel will resonate for generations to come. As Miami continues to evolve as a global epicenter of innovation and design, projects like these serve as beacons of progress, pushing the boundaries of what’s possible in urban development.
With the FAA’s approval of towering cranes and the commencement of demolition work, the 1428 Brickell residential tower stands poised to redefine Miami’s skyline. As construction progresses and sustainability takes center stage, this monumental project promises not only to elevate the city’s architectural landscape but also to inspire a new era of eco-conscious living. As Miami looks towards the future, the 1428 Brickell tower serves as a testament to the city’s unwavering spirit of innovation and progress.
A Glimpse into Miami’s Future: The Merric Parc Project
Miami, a city known for its vibrant culture, stunning architecture, and dynamic real estate market, is on the brink of welcoming a groundbreaking development that promises to redefine urban living near the historic Coconut Grove. MG Developer and Baron Property Group from New York have unveiled plans for an ambitious project that could significantly impact the local community and the city’s skyline. Dubbed Merric Parc, this development is poised to introduce a new standard of living and architectural excellence.
Merric Parc is envisioned as a dual-tower residential haven, stretching skyward with two 31-story buildings that aim to blend seamlessly into the urban fabric of the area. Strategically located on a full city block bordered by Shipping Avenue, Orange Street, Southwest 38th Court, and 39th Avenue, the project finds itself near the Douglas Road Metrorail station, offering unparalleled access to the broader Miami area.
The development is not just about adding to the city’s residential capacity; it’s about creating a community. With plans for 806 residential units, Merric Parc is set to become a bustling hub for hundreds of families and individuals. The project’s design, crafted by the renowned architectural firm Behar Font & Partners, includes 17,000 square feet of ground-floor commercial space, promising a vibrant mix of retail and dining options that will enhance the neighborhood’s appeal.
Moreover, the inclusion of an 865-space garage addresses the practical needs of residents and visitors, while over 60,000 square feet of open space is dedicated to fostering a sense of community and connection to the natural environment. This thoughtful integration of green spaces is a testament to the developers’ commitment to sustainable and livable urban development.
The collaboration between MG Developer and Baron Property Group is a strategic alliance that leverages the strengths of both firms. Their joint venture is a bold step towards transforming a significant portion of Miami’s urban landscape. The development site was assembled in 2022, with MG initially purchasing a lot at 3898 Shipping Avenue for $19.5 million. Subsequently, in a show of confidence and commitment to the project, MG and Baron acquired additional lots, paving the way for Merric Parc’s expansive vision.
This project marks a significant escalation from the firms’ initial proposal, which featured a two-tower project with 450 units. The revised plan nearly doubles the scale of development, underscoring the developers’ ambition and belief in Miami’s growth potential.
As MG Developer and Baron Property Group await a pre-application meeting with Miami-Dade County, the anticipation for Merric Parc continues to build. This project represents more than just a development; it’s a vision for the future of Miami living, blending modernity with community, sustainability, and architectural beauty.
4241 Aurora Ushers in New Era of Upscale Living in Coral Gables
The recent approval of 4241 Aurora, a new project by Miami’s renowned real estate developers Constellation Group and The Boschetti Group, presents a unique investment opportunity. This Mediterranean-style mixed-use development, masterfully designed by the globally acclaimed Arquitectonica, is strategically positioned at 4241 Aurora Street in Coral Gables’ innovative Design and Innovation District. This development not only signifies a successful navigation through a stringent approval process but also introduces an upscale, mixed-use residential and commercial hub in the thriving heart of Merrick Park, Coral Gables’ prime shopping and entertainment zone.
Eduardo Otaola, Managing Principal of Constellation Group, emphasizes that 4241 Aurora is set to become a vital asset in Merrick Park, enhancing the district’s growing allure as a global destination with high-end amenities including premier restaurants, educational institutions, parks, and international business hubs.
Jose Boschetti from The Boschetti Group highlights the project’s commitment to creating a dynamic environment that fuses luxury living with substantial business and community growth opportunities. This development is poised to be a significant addition to Coral Gables, contributing to the city’s legacy of excellence.
4241 Aurora offers an enticing composition of eight floors of luxury residential condos, coupled with three levels dedicated to parking, retail, and office spaces. The development, standing at 137.5 feet, will feature a 5,000 square-foot park with verdant landscaping, public art, and ground-floor retail overlooking Merrick Park.
The residential segment provides a range of condominiums from two-bedroom units of 1,016 sq. ft. to larger three-bedroom residences with dens of 1,860 sq. ft. Exclusive amenities include a grand lobby, a rooftop lounge for residents, a state-of-the-art fitness center, a swimming pool, a pickleball court, commercial retail spaces, and outdoor dining areas with grilling stations.
Projected to break ground in the second quarter of 2024, 4241 Aurora is a prominent addition to Constellation Group’s portfolio in South Florida. The firm’s current projects include a luxury boutique office building in Merrick Park, Ella Miami Beach – a 10-story boutique condominium in North Beach, and SeaGlass Cove – a luxury private enclave of 14 oceanfront single-family homes in the Florida Keys. These developments represent substantial investment opportunities in some of South Florida’s most desirable locations.
Five Park Tops Off Construction
Terra’s President, David Martin, and GFO Investments’ Russell Galbut, proudly announce the topping-off of Five Park Miami Beach, the exclusive high-rise luxury condominium gracing South Beach this year. This architectural marvel stands as the new pinnacle of Miami Beach’s skyline, set to reach 519 feet upon its 2023 completion, and ushers in a novel era of opulent living.
With an elite address at the gateway to Miami Beach, Five Park presents an illustrious combination of a striking residential tower and the serene three-acre Canopy Park, complete with the artistically designed Canopy Bridge. It’s a landmark development that seamlessly integrates the prestigious South of Fifth district with the dynamic West Avenue corridor.
Jay Phillip Parker, head of Douglas Elliman Development Marketing in Florida, emphasizes that Five Park not only redefines the neighborhood’s standard but also embodies the exacting standards of Miami’s elite clientele. This development is a testament to Martin and Galbut’s intricate understanding of the upscale market, delivering a product that is unparalleled in the last decade in terms of quality and sophistication.
The tower, a 48-story monument of luxury, showcases 50,000 square feet of meticulously curated amenities, supported by a dedicated concierge service. Residents have exclusive access to The Park Club on the 6th floor, offering panoramic vistas of the city and bay, alongside a plethora of recreational and wellness facilities. The ground level’s Canopy Park serves as a verdant retreat, boasting a botanical garden and a variety of leisure spaces.
The project’s conception involved an assembly of world-renowned designers and architects, each contributing to the project’s majestic allure. The team’s collective expertise in aesthetics, functionality, and premium service is evident throughout the property, promising an unparalleled residential experience.
In early 2024, the anticipated Canopy Bridge, crafted by the eminent Daniel Buren, will begin construction, providing an exclusive pedestrian linkage that enhances the connectivity and accessibility of this distinguished community.
Construction Update for Namdar Towers
The recent approval of a phased vertical construction permit for Namdar Towers marks a significant development in the Miami real estate. This permit, green-lit on October 12 and issued the following day, sets in motion the construction of a prominent apartment tower in downtown Miami, a project initially proposed in October 2022.
This development is not just a construction project but a strategic investment opportunity. The first phase of construction includes a tower encompassing 680 multi-family rental units, complemented by 5,356 square feet of retail space and a substantial five-floor parking structure. While the main construction permit is still under review, the progress made indicates a strong potential for significant returns on investment.
Looking at the broader scope of the project, hedge fund managers should note the planned expansion to two 43-story towers, as per the UDRB filing. This expansion will further enhance the property’s value, offering a total of 1,394 apartments, 7,984 square feet of retail space, and 336 parking spaces. Such a large-scale development in a prime location like downtown Miami represents a lucrative opportunity for portfolio diversification and growth.
John Moriarty, a name associated with quality and reliability in construction, is the contractor on record for this permit. This association further underscores the project’s potential as a sound investment. For hedge fund managers seeking to expand their real estate holdings, this project offers a blend of scale, location, and quality, making it a noteworthy consideration for portfolio enhancement.
Abbhi Capital Breaks Ground on 2 Million Square Foot Development at Miami Worldcenter
With a ground-breaking of a 2 million square foot mixed-use development that includes the area’s first significant office building, Abbhi Capital plans to revolutionize Miami Worldcenter.
On September 20th, the city’s Urban Design Review Board will consider the expansive project, which consists of a 59-story residential tower and a 33-story office tower joined by a shared podium with plenty of parking. The property was purchased by SanaProperty8LLC, an affiliate of Abbhi Capital, for a total of $44 million between 2020 and 2021. It is located at 1001 N.E. First Ave. The development will have 1,319 spacious parking places, 7109 square feet of retail and dining space, 368,362 square feet of available commercial space, and 558 residential units.
An amenities deck including a pool, jacuzzi, pickleball courts, fitness center, coworking spaces, media room, and even a dog grooming station will be available to residents and renters on the 12th level. The construction intends to accommodate a variety of lifestyles with the majority of residential apartments beginning on the second floor and ranging from small 570-square-foot studios to roomy three-bedroom residences covering 1,562 square feet.
Ten city blocks make up Miami Worldcenter, which is next to Museum Park, which is home to the Frost Museum of Science and Pérez Art Museum Miami, as well as the FTX Arena, Adrienne Arsht Center for the Performing Arts, and Wolfson Campus of Miami Dade College. Miami Worldcenter is the largest and best-connected transit-oriented development in Florida thanks to its proximity to Brightline’s MiamiCentral station, which provides direct train service to Fort Lauderdale, West Palm Beach, and Orlando and access to Tri-Rail, the Metromover, and the Metrorail.
New Residential Tower Announced in Brickell
Chicago-based developer Focus has recently released renderings for a new 39-story residential tower in Brickell. The abandoned Starlite Motel land in Brickell is where the residential tower will be built. The Starlite Motel has already been demolished in preparation for construction.
On August 30, Miami-Dade County received the zoning and general plan applications. The project is being approved through the county’s Rapid Transit zoning procedure, which has grown to be a popular substitute for the City of Miami approval procedure. From a pre-application submission on August 4, renderings have been revised. Gensler is the architect.
Development Information:
517 residential units
8,282 sq. ft. of ground floor
indoor/outdoor and rooftop amenity space
506 parking spaces
According to a letter from the developer, the project also has cross-block connectivity on the ground floor via a driveway and walkway on the west side of the property, which will enhance both vehicular and pedestrian circulation inside and outside the development.