Related Group Secures 18,000 Square Foot Lot in Edgewater for Development
Leading developer Related Group has purchased an 18,000-square-foot land piece in Edgewater, Miami, consisting of three adjacent sites in collaboration with Alex Karakhanian of LNDMRK.
The homes, which are located at 519, 525, and 535 Northeast 29th Street, are in a prime location and provide breathtaking views of Biscayne Bay as well as easy access to the MacArthur Bridge, which connects Edgewater to Miami Beach, and the I-195, which offers a direct route to Fort Lauderdale and Palm Beach. The majority of the undeveloped plot cost $12 million to buy.
According to the President of Related, Nick Perez, “Related identified the growth potential of Edgewater years ago, when we delivered the transformational, four-tower Paraiso Bay community along with Edgewater’s first five-star waterfront restaurant, Amara at Paraiso.
Edgewater offers it all- prime waterfront views, world-class culinary offerings, and easy access to other key hubs, from the Design District to Miami Beach. This newest acquisition is another step forward in our efforts to solidify the area as a true hot spot.”
The site’s particular development plans are still a secret. The land, according to public records, is designated T6-36-A, which allows for the building of up to 36 floors and 150 units per acre. About 60 units might be created within the permitted parameters without the need for further bonuses.
Joel Rodriguez and Alex Suarez of Global Investment Realty served as the deal’s brokers, and PPD Edgewater LLC, run by Esteban Koffsman, was the seller. A well-known real estate firm called LNDMRK Development focuses on finding, acquiring, and building commercial, residential, and mixed-use developments all across the Southeastern United States. Along with The Dorsey and Nomad Residences Wynwood, both of which are in Wynwood, Related and LNDMRK are actively looking for more joint venture options throughout South Florida.
Waldorf Astoria Hotel & Residences Construction Update
The 100-story Waldorf Astoria Hotel & Residences in Miami is progressing significantly with the filing of tower crane licenses for 300 Biscayne Boulevard. This incredibly tall tower was created by Sieger Suarez Architects and Carlos Ott and is being built by a group of prestigious investors. These companies include international investment business Mohari Hospitality, S2 Development, national developer Property Markets Group, Canadian private equity firm Greybrook Realty Partners, global hospitality giant Hilton, and general contractor John Moriarty Associates.
Two tower cranes are planned to rise 1,255 feet above ground level, or 1,266 feet above sea level, according to the FAA file from May 31. The estimated work timeline for the cranes is from October 24, 2023, to August 23, 2027, demonstrating the precise planning and long-term dedication required for this enormous undertaking.
The Waldorf Astoria Miami, which is situated at 300 Biscayne Boulevard, will have nine spiraling, offset glass cubes that are evenly placed and covered in what is sometimes described as a “glass skin” to set it apart from other East Coast properties. In order to develop an iconic edifice in Downtown Miami that offers 360-degree views of Downtown Miami, Miami Beach, and the Atlantic Ocean, Sieger Suarez Architects and famous architect Carlos Ott collaborated.
Additionally, the developers collaborated with award-winning interior design company BAMO, which takes pride in designing enticing surroundings that flow, function, and inspire individuals to live and dream more completely. Along with guest rooms and suites inside the five-star hotel, the resort will have 360 private houses. Peacock Alley, a specialty restaurant, indoor/outdoor pre-function, and event spaces, conference and boardrooms, a resort-style pool deck with private cabanas, a spa, and a fitness facility will all be considered signature areas.
If you or someone you know have an interest in purchasing at Waldorf Astoria Hotel & Residences, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Two Tower Development by Swire Properties Revealed-One Island Drive Miami
One Island Drive, an exceptional residential and hospitality destination located on a private island sanctuary just minutes from Miami’s lively metropolitan core, has unveiled its first official features, according to Swire Properties. One Island Drive, which is surrounded by beachfront views, will be among the pinnacles of Swire Properties’ portfolio of world-class properties and is destined to become a distinctive landmark on the Miami skyline.
One Island Drive will be a tranquil haven with two magnificent buildings, situated at the southernmost tip of Brickell Key, the private island community that Swire Properties has been building for more than 40 years. The luxurious collection of 220 two- to four-bedroom private homes with expansive floorplans of up to 4,700 square feet and two prestigious duplex penthouses at the top of the building, each spanning over 6,000 square feet, will be found in the first tower, known as “The Residences at Mandarin Oriental, Miami,” which rises to a height of over 800 feet. The second tower will rise 400 feet tall and will feature 151 rooms with the famous North American Mandarin Oriental Hotel in addition to 61 private Residences and 28 hotel Residences.
Residence Features
Panoramic views of Biscayne Bay
Resort-style podium
100,000 square feet of amenities
Multi-tiered landscaped infinity pools
Private cabanas
Work lounges
Private dining room
Chef kitchens
Top-notch restaurants
Signature spa
Cutting-edge health and wealth facilities
An award-winning international design team, each at the top of their respective industries, will work together to create One Island Drive, a landmark of understated elegance on the waterfront. The bold exterior design by Kohn Pederson Fox Associates (KPF) will redefine the skyline; the interiors of The Residences by Parisian designer Tristan Auer; the interiors of the hotel by AD 100 and Elle Décor A-List Parisian designer Laura Gonzalez; and the landscape architecture by renowned Thai firm Shma. For Auer, Gonzalez, and Shma, this is their first commission for new development in the country.
One Island Drive will be the first residential building to be constructed on Brickell Key in the last 15 years. Pricing will begin at $3,500,000 when sales begin in the latter half of 2023.
EDITION Residences Edgewater Construction Update
Construction is moving along for the 56-story EDITION Residences tower in Edgewater with its building permit application as well as a seawall permit application.
According to the permit application, the 56-story Edition will include a total of 187 residential units, a 13-level parking garage, and 3,500 square feet of business space. There will be 1,206,774 square feet of new building in total, with a hard construction cost of $215,750,000.
The builders announced last month that they anticipated commencing ground this Summer as a result of receiving $160 million in unit reservations.
One-bedroom-plus-den to four-bedroom floorplans with sizes ranging from 1,952 to 3,864 square feet and starting at $1.9 million will be available in immaculately finished homes. The tower will also have three lavish tri-level penthouses, each with a private rooftop pool and garden, representing the height of luxury.
The EDITION Residences, Miami Edgewater will have approximately 45,000 square feet of beautifully designed amenity spaces where owners can live, work, play, and entertain guests while exuding the same degree of luxury as the renowned hospitality brand. Two resort-style pools, a club bar, a library, private training studios, an extensive spa program, and six Guest Suites are just a few of the lauded features.
If you or someone you know have an interest in purchasing at EDITION Residences, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Alta Developers Plan to Build 96 Unit Development in North Miami
In North Miami, Alta Developers plans to replace an outdated waterfront apartment complex with a 96-unit condo development.
According to an Alta application to Miami-Dade County, the Miami-based development company, directed by Raimundo Onetto, wants to construct an 18-story structure on the 0.8-acre plot where the demolished Mid Bay Club Apartments once stood at 11950 North Bayshore Drive. Records show that in April, Alta asked the county to permit a reduction of the necessary setback from the shoreline to 25 feet.
Buildings with curved balconies and floor-to-glass windows are seen in renderings. A rough estimate of 96 condos has been given for the project, which was designed by Revuelta Architecture International.
According to records, Alta spent $14 million purchasing the Mid Bay Club Apartments and an empty 0.2-acre land across the street last year.
The application for the North Miami project comes as Alta is planning a number of additional projects.
Alta plans to erect an 18-story, 223-unit apartment complex next to Dadeland Mall at 9600 South Dixie Highway. It would be the second 18-story multifamily building constructed by Alta there. It is anticipated that the first 296-unit tower will shortly acquire its certificate of occupancy.
In recent years, North Miami has attracted the attention of investors and developers. The enormous SoLé Mia at 15055 Biscayne Boulevard is being built by Turnberry Development and LeFrak, under the direction of Jackie Soffer. When finished, it will feature 4,000 residential apartments. A joint venture between Turnberry and developer Carlos Rosso is planning a 32-story, 303-unit condo structure in addition to three apartment towers.
New Renderings Revealed for Legacy Residences at Miami Worldcenter
Following the purchase of additional property for the Legacy Residences at Miami Worldcenter tower project, developers have recently released updated designs.
According to a letter from the developers, the recently purchased site offered a chance to increase the size of the medical office component.
The building’s remaining spaces are made up of a 218-room hotel, a condominium with 308 residences, and several levels of office space that will contain a top-notch medical institution.
Elevations included with the application show the spire rising to a height of about 60 feet at the tower’s summit. The Project has a comprehensive list of wellness amenities, as well as a number of swimming pools, hotel ballrooms, and a sky club.
On April 19, the Miami UDRB unanimously decided to advise in favor of approving the suggested design revisions. Prior to the enlargement, the project obtained approval in 2021, and vertical construction has already started.
Building Amenities:
Signature international restaurant
Full-service cafe with locally sourced baked goods
Grand ballroom and event spaces
Shul with a kosher kitchen
Largest hotel pool deck in Downtown Miami
Rooftop atrium with event space, full-service bar, an infinity-edge pool, and sundeck
International business lounge
Microluxe residences with a high-end, high-touch holistic lifestyle experience
Health and Wellness
50,000-square-foot medical clinic with suites for health and performance
VIP health club with operating rooms and private VIP entrance
Diagnostic testing and imaging
Advanced performance testing center
Vitality spa
Residences Amenities:
Fully furnished residences
Floor-to-ceiling glass windows
Custom kitchen and bath cabinetry with stone finishes
Kitchen appliances by Bosch (or comparable)
Electrolux (or comparable) stackable washer and dryer
If you or someone you know have an interest in purchasing at Legacy Residences at Miami Worldcenter, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Financing Secured for The Crosby Miami Worldcenter
The vertical construction of The Crosby Miami Worldcenter, which is positioned to provide further density to the existing buildings at Miami Worldcenter, has been successfully funded with a sizeable $94.2 million by The Related Group and Merrimac Ventures. According to building permits submitted to the FAA in January, the residential tower is planned to rise 33 floors high and is anticipated to reach its peak at about 377 feet above ground, or 390 feet above sea level.
The loan was given to DT G Block LLC, a joint venture organization connected to the developers, by the Arkansas-based Bank OZK. The project’s interior design and architectural design are being handled by AVRO|KO and Cohen Freedman Encinosa & Associates.
The Crosby Miami Worldcenter, which commenced work earlier this year, is planned to have 3,370 square feet of ground-floor retail space and 450 completely furnished, ready-to-rent condos.
The Crosby’s construction should advance more quickly now that the finance is secured. It will stand out for its remarkable architectural design, which embodies contemporary luxury. The tower’s sleek design, which is accentuated by modern finishes, is made to blend perfectly with Miami’s dynamic cityscape.
The Crosby is cleverly constructed to take full advantage of its location, with the lower floors laying out a sizable retail area that is open to the public. The amenities offered by the skyscraper are designed to fit a contemporary urban lifestyle. The Crosby residences’ allowance for completely furnished units to be posted for short-term rentals on websites like Airbnb represents an important trend in the Miami condo market and is a standout feature of the development.
Beauchamp Construction serves as the general contractor and according to the current schedule, The Crosby is expected to be complete in the first quarter of 2025.
If you or someone you know have an interest in purchasing at The Crosby Miami Worldcenter, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Plans for New Residential Project in Miami Announced
In Miami’s Flagami neighborhood, south of Miami International Airport, a developer has plans for a brand-new residential development.
At 5645 Southwest Eighth St., The Richman Group and its affiliates have planned Parkview, a nine-story structure with 120 units, a rooftop pool and amenity deck, and parking for around 194 vehicles.
The proposal was recommended for approval along with a few recommendations by the city’s Urban Development Review Board.
According to Marissa A. Neufeld, an attorney for the developer, the land is divided into three parcels and is bordered to the north by an alley, to the west by an existing commercial complex, to the south by Southwest Eighth Street, and to the east by Southwest 56th Avenue.
Ms. Neufeld noted in a letter to the city that the project will contain a combination of parking for cars and bicycles and that the land is near several forms of public transportation and a major downtown thoroughfare, Southwest Eighth Street.
Behar Font & Partners are the project’s designers.
The property is a terrific location, and although it’s a smaller development it has some extremely fascinating elements, Behar & Font’s Javier Font told the board. According to him, the property features stunning views, including J. Fritz and Frances Gordon Park, which is directly south and across the street.
According to Mr. Font, the structure will have a smaller scale, a lot of glazing, and larger balconies, giving it a more horizontally linear appearance. A fully functional gym, a clubroom, a lobby, and coworking spaces will be available on the ground floor. The pool deck and some residential units are on the ninth story.
Ora By Casa Tua Development and Construction Update
An Urban Development Review Board hearing about the construction of the 76-story tower at 1210 Brickell Avenue, Ora By Casa Tua for May 17, 2023.
The ORA’s design was created by the internationally renowned and award-winning architecture firm Arquitectonica. The company drew inspiration from today’s constantly changing culture to design numerous outdoor levels at ORA that connect to nature and the environment, with the goal of allowing visitors to enjoy and experience the city of Miami from a unique angle.
The interiors of the residential and amenity areas are being designed by m2atelier, a company founded by Marco Bonelli and Marijana Radovic and renowned for its personalized approach.
Residences at ORA will start at $800,000 and range from 500 square-foot studio homes to 2,400 square-foot, four-bedroom fully furnished residences that will be ready for immediate listing as short-term, seasonal, or long-term rentals.
Edgardo Defortuna, the creator of Fortune International Group, is a pioneer in real estate development, financing, construction management, sales, and marketing. In addition to others, they are currently building the Nexo Residences in North Miami Beach, The Ritz-Carlton Residences in Pompano Beach, and the St. Regis Residences in Sunny Isles Beach. They most recently built The Ritz Carlton Residences Sunny Isles Beach and the renowned Jade Signature, designed by Herzog & de Mueron.
If you or someone you know have an interest in purchasing at ORA at Casa Tua, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
New Renderings Revealed for Six Fisher Island
The completion of The Residences at Six Fisher Island, a luxurious 11-story structure, is targeted for 2025. The 50 units in the Kobi Karp-designed high-rise project will have floor designs with three to five bedrooms. Each one ranges in size from 3,870 to 8,400 square feet.
The invitation-only development will also feature a select number of penthouses.
The Residences at Six Fisher Island is located at 6 Fisher Island Drive, Miami Beach. It is situated on the northern side of Fisher Island, east of Florida 395.
Residence Features:
Views of the Atlantic Ocean and convenient elevator access
Outdoor kitchens and private pools.
Kitchen, wardrobes, and bathrooms were created by Tara Bernerd & Partners
Tower Amenities
Swimming pool
Pickleball court
Spa
Fitness facility
Residents’ lounge
Kobi Karp is listed as the architect, and the overall design is inspired by the idea of connecting indoor with outdoor spaces. Units start at $15 million.
Oprah, Julia Roberts, and Mel Brooks are all known to have lived on Fisher Island in the past. The enclave has also received some accolades: Bloomberg found in April 2018 that Fisher Island, with an average income of $2.5 million in 2015, was America’s wealthiest ZIP code.
