Miami Riverbridge Project Receives Approval for Construction in Downtown Miami
On May 11, Miami commissioners voted overwhelmingly to accept the waivers required for the reconstruction of the Hyatt Regency in downtown Miami, Miami Riverbridge. This new supertall tower has also seen the release of new renderings.
Estimated to cost approximately $1.5 billion, the project calls for three new towers, two of 61 stories and one 95-story supertall, which would contain over 1,500 residential units, a new flagship 615-key Hyatt Regency hotel and 264 branded serviced apartments, 190,000 square feet of Class A meeting and events space, commercial and retail spaces, over 1,000 parking spaces and 50,000 square feet of open public space including a 480-foot-long rejuvenated riverwalk.
Arquitectonica is the architect of the Miami Riverbridge, which is being built by Hyatt Hotels Corporation and Gencom under the HRM Owner LLC.
The public benefits that the massive project would bring to the site and vicinity were underlined by Miami Riverbridge’s developers. Improvements to the streetscape for a better pedestrian experience and quicker access in and out of Miami’s urban core would relieve the congestion and traffic flow in this area of the city, which is frequently crowded and polluted by traffic.
The developers consented to give $25 million to help fund affordable housing in Miami. The project’s development would result in the creation of 4,500 jobs, with a rise in permanent employment from 350 to 900. Miami RiverBridge would bring in nearly $1.5 billion in city taxes, levies, and ground rent that could be used to expand public benefits throughout the city. Land leasing rent would rise from $250,000 to a minimum of $2,500,000, or 2.5% of gross receipts. A project park impact fee may also be used to pay for the renovation and reopening of the nearby Fort Dallas Park and the preservation of the nearby historic Flagler Worker’s House, which is located on city-owned property.
The convention center and the 40-year-old Hyatt Regency would be demolished to make room for the new complex if the proposal were to be accepted. By 2023’s end or the beginning of 2024, the developers hope to secure financing. The third tower is expected to be completed in Q3 2029, with the first two towers arriving by Q3 2028. Construction is anticipated to start in 2025.
700 N. Miami Avenue Site at Miami Worldcenter Construction Update
New York-based developer, the Witkoff Group, is steadily working to change the Miami Arena’s former location. The thriving Miami Worldcenter’s premium real estate is getting ready to welcome three towers rising 57 stories tall.
Recently, Witkoff signed the utilities deal for the site at 700 N. Miami Avenue at Miami Worldcenter. The expected total for the connection fees for utilities and the Biscayne Basin Sanitary Sewer Special Connection fee is $2,085,466.50 and $1,265,004. Alex Witkoff signed the contract on behalf of the construction company, WG 700 North Miami LLC.
The signing of the utility deal and obtaining FAA height approvals for the towers are significant steps in the development process, even though Miami’s Building Department has yet to get construction licenses for the project.
On this large-scale undertaking, Monroe Capital, based in Chicago, is working with Witkoff Group. The location, which is within the confines of Northwest 8th Street, Northwest 1st Avenue, and North Miami Avenue, was previously slated to become the Marriott Marquis Miami Worldcenter Hotel & Expo Center, but is now in line for a dramatic overhaul. This includes the development of three imposing structures that could rise as high as 685 feet. Nichols Architects created the design.
The proposal promises a diverse mix of apartment buildings, shops, and dining establishments. With the utility agreement signed the 700 North Miami Avenue project is preparing for its vertical construction phase, marking an important step in the redevelopment of the former Miami Arena site.
This mixed-use project will undoubtedly become a landmark addition to Miami’s skyline due to its massive scale, prominent location, and reputation of its development and design team. It will also undoubtedly play a significant role in future developments at Miami Worldcenter.
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.
Oasis Hallandale Beach Breaks Ground
Oasis Hallandale Beach has officially broke ground on phase 3 of the new residential development.
There will be 1,448,000 square feet in the project.
The two skyscrapers will each have 25 floors and 500 luxury condominiums, according to the statement. The range of costs is $580,000 to $3.5 million.
Additionally, there will be dining establishments and office spaces, turning the area into a “live, work, play” attraction for locals and tourists.
The architect is Arquitectonica, and the developer is MGM Construction Group.
Building Features:
Valet parking
24 hr. Lobby Attendant
Business and Conference Rooms
Lounge Bar with Pool Tables
Banquet Hall
Golf Simulator
Children’s Playroom
Indoor and Outdoor Movie Theaters
Fitness and Wellness Center
2 Pools
Poolside Cabanas
Hot Tub Spa
Children’s Splash Pad
Playground
Barbecue and Fire Pit Areas
Yoga Lawn
Ping-Pong Room
Mini Soccer Field
Bike Parking
Electric Car Charging Station
Pet Park
Storage
Residence Features:
Floor to Ceiling Windows and Glass sliding doors
Broad Balconies with glass railing
Open Contemporary floor plans
1-2 and 3+ Bedrooms
Powder room in selected Residences
Walk-in Closets
Imported Italian Cabinetry
Premium Italian Countertops
Stainless Steel Appliances
Imported Italian Tile in Kitchen and Bathrooms
Double sinks in master baths
Frameless glass-enclosed showers
The project’s interior designer, Domus Aurea Interiors, as well as Marcel Fernandez, president of MGM Construction Group, Maria Alejandra Fermin, vice president of MGM Construction Group, Steve Geller, commissioner for District 5 of Broward County, and others, were present at the groundbreaking ceremony on April 6.
According to a press statement, phase 1 is finished and phase 2 is almost finished. The project should be finished in full by 2026.
If you or someone you know have an interest in purchasing at the Oasis Hallandale Beach, 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.
Lofty Developers Announce Partnership YUPIX Technology for Meta-Reality Tours
Developer for Lofty Brickell, Newgard announced their collaboration with the immersive technology company YUPIX to provide meta-reality tours of the new construction tower.
YUPIX assists in smarter real estate marketing and sales. It is driven by cutting-edge software technology, including Artificial Intelligence, which creates experiences that are incredibly lifelike. Insightful recommendations that evolve over time based on user feedback are seamlessly combined with the social power of an unrivaled Meta-RealityTM experience.
Participants can actually feel as though they are strolling through the penthouses and opulent amenity spaces of LOFTY and soaking in the breathtaking views of the building from various vantage points thanks to the innovative technology.
According to the CEO of Newgard Development Group Harvey Hernandez, “We always strive to push boundaries and redefine what is possible through our developments. Partnering with YUPIX accomplishes that and showcases LOFTY in a new and innovative way. The LOFTY team cannot wait to welcome our buyers to the LOFTY metaverse.”
The 362-unit LOFTY, designed by Arquitectonica, has 40,000 square feet of thoughtfully chosen amenities, including a private marina, a members-only social club, resort pool deck, and fitness center, indoor/outdoor cigar lounge, co-working lounge, and meeting rooms, along with 309 tower residences, including studio, one-, and two-bedroom units.
The 53-unit Penthouse Collection at LOFTY features roomy two-, three-, and three-bedroom plus den apartments that have been carefully selected and will be outfitted by renowned design firm Artefacto. Penthouses range from $1.95 million to $3.5+ million.
A 5-star alternative for the owner and traveler who might choose to stay and own differently but does not want to give up the services and amenities of a hotel, LOFTY is the next evolution of condo ownership, located just across from Brickell City Centre. Each home will be delivered finished and furnished, and short-term rentals are allowed under professional supervision.
The skyscraper will have the first-ever collection of NFT artwork created just for condo owners, incorporating digital art into the design of the new residential structure and giving ownership of a unique NFT to each unit owner upon closing.
The 44 levels of upscale interiors at LOFTY were designed by INC, the multi-disciplinary INC Studio. The landscape designer is Urban Robot Associates.
The 44-story luxury condominium located at 99 SW Seventh St, Miami is now under construction on the Miami River. The new partnership with YUPIX is expected to boost interest in LOFTY even further.
If you or someone you know have an interest in purchasing at LOFTY, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
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.
Supertall Tower One Brickell City Centre Breaks Ground
Miami’s first ever supertall office tower just broke ground in Brickell.
The groundbreaking includes the demolition of a parking structure that is currently on the site. Major Suarez, representatives from Swire and Related were in attendance.
Project approval came in September 2022 after city commissioners voted unanimously on the 1,049 foot One Brickell City Centre. The 80 story tower will be crowned the largest building ever building in the city of Miami
The skyscraper will be connected to Brickell City Centre, which was built by Swire Properties and has over 500,000 SF of retail, eating, and entertainment space, and will be situated at 700 Brickell Avenue and 799 Brickell Plaza. The project will feature 1.6 million square feet of office space.
The news represents strength and expansion for the Miami office market, which continues to draw major financial and technological firms from high-tax areas like New York and California.
Swire Properties and Related are listed as the developers for this project.
