Construction Update for Miami Riverbridge in Downtown Miami
Hyatt Hotels Corporation and Miami’s Gencom, under the HRM Owner, LLC, have unveiled an ambitious plan that promises to redefine downtown Miami’s skyline. The proposal for the Miami Riverbridge development has been submitted to the City of Miami’s Urban Development Review Board, marking a significant step towards transforming a prime urban location.
The Miami Riverbridge project, designed by the renowned architectural firm Arquitectonica, is set to occupy the current site of the James L. Knight Center, the Miami Convention Center, the Miami Conference Center, and the Hyatt Regency Hotel. Located at 298, 300, 330, and 400 Southeast 2nd Avenue, this extensive development aims to create a cohesive mixed-use complex that spans approximately 4 acres along the north bank of the Miami River.
The proposed development features three interconnected towers with a shared podium, offering a blend of residential, commercial, and hospitality spaces:
1,342 Residential Units
264 Apartment-Hotel Units
615 Hotel Rooms
Convention and Meeting Spaces
100,000 Square Feet of Commercial Space
1,101 Parking Spaces and Amenities
The towers’ heights are noteworthy, with an 87-story supertall structure reaching 1,044 feet, a 62-story tower rising to 734 feet, and a 52-story tower standing at 636 feet.
A central element of the Miami Riverbridge project is the creation of a new public riverfront space. This includes a 50-foot setback along the Miami River to enhance the existing Riverwalk and improve connections with the Miami River Greenway. This design is aligned with the Miami Comprehensive Neighborhood Plan’s Port of Miami River Sub-Element, which aims to promote mixed-use development, activate the waterfront, and contribute to the city’s economic growth.
Given the project’s scale and complexity, Miami Riverbridge will be developed in phases. Importantly, no special approvals or waivers are being requested, as the project complies with Miami 21 zoning requirements. The developers are confident that Miami Riverbridge will significantly enhance downtown Miami, transforming an underutilized property into a vibrant mixed-use complex and regional hub.
The UDRB review for this proposal is scheduled for today. If approved, Miami Riverbridge will set a new standard for urban development in Miami, combining luxury living, commercial opportunities, and public amenities in a landmark waterfront location.
The Residences at Six Fisher Island Secure $400M Construction Loan
In the realm of ultra-luxury real estate, few projects command as much anticipation and prestige as The Residences at Six Fisher Island. Recently, Related Group, in collaboration with partners Teddy Sagi and BH Group, alongside Wanxiang America RE Group, achieved a significant milestone by securing a $400 million construction loan from Madison Realty Capital. This loan replaces an initial $85 million acquisition loan, underscoring the scale and ambition of this exclusive development.
Situated on Fisher Island’s Northeastern shoreline, The Residences at Six Fisher Island is poised to become a hallmark of opulence on the East Coast. With only 50 private residences spread across 10 stories, the project promises an unprecedented level of exclusivity and luxury. Construction is slated to commence this summer, with completion expected by 2026.
Since its launch in late 2022, The Residences have already achieved remarkable sales exceeding $500 million. This includes the recent sale of two penthouses for a combined $150 million, emphasizing the allure and desirability of this unique development.
Berkadia South Florida played a pivotal role in securing the nine-figure loan, with Scott Wadler, Managing Director, highlighting the strategic foresight and global appeal of Related and BH Group’s vision for waterfront luxury living. The project’s distinctiveness and unprecedented demand for its penthouses contributed to Berkadia’s confidence in facilitating this landmark financing arrangement.
Nick Pérez, President of Related’s Condominium Division, expressed a deep commitment to enhancing Fisher Island’s unparalleled reputation. The development aims to blend opulence with tranquility, offering residences averaging 4,817 square feet designed by Tara Bernerd and Partners and Kobi Karp Architects. Each home will feature bespoke interiors, private elevator foyers, and panoramic water views—a testament to meticulous craftsmanship and elevated living.
Residents of Six Fisher Island will enjoy a wealth of amenities, including two resort-style pool decks, a state-of-the-art wellness facility, and exclusive access to Fisher Island’s renowned private beach and golf course. This enclave promises a seamless fusion of privacy and convenience, catering to the discerning tastes of its esteemed residents.
Isaac Toledano, Founder of BH Group, emphasized the project’s commitment to enriching Fisher Island’s unique community ambiance. The development seeks not only to redefine luxury living but also to preserve and enhance the island’s cherished village-like atmosphere—a testament to BH Group’s dedication to crafting exceptional living environments.
With the $400 million construction loan secured, The Residences at Six Fisher Island stands poised to redefine the pinnacle of luxury living on the East Coast. This landmark development represents a harmonious blend of visionary architecture, unparalleled amenities, and a commitment to timeless elegance. As construction progresses, anticipation mounts for what promises to be a new standard in coastal living, offering a rare opportunity to reside in one of the world’s most exclusive communities.
Introducing First & Fifth: A New Icon in Downtown Miami’s Skyline
Oak Row Equities has made a bold move in the heart of Downtown Miami with its recent acquisition of 49 Northwest 5th Street, heralding the dawn of First & Fifth, a visionary 45-story multifamily tower. This off-market purchase, secured for $38.5 million with seller financing, marks a significant step in the company’s commitment to shaping South Florida’s urban landscape.
Designed by ODP Architecture & Design, First & Fifth draws inspiration from Miami’s rich Venetian architecture of the early 20th century, blending historical charm with contemporary flair. The design features prominent arches reminiscent of the Doge Palace in Venice, creating a unique silhouette against Miami’s skyline.
The 700,000-square-foot tower will host 500 multifamily units, each offering high-end finishes and sweeping city views. Bright, airy spaces emphasize the open feel of urban living, tailored to meet the demands of modern residents seeking both luxury and convenience.
Situated strategically across from MiamiCentral Station, First & Fifth enjoys unparalleled connectivity as the central nexus for South Florida’s major train systems: Brightline, Metrorail, Tri-Rail, and Metromover. This prime location places residents within walking distance of Miami’s dynamic urban core, including Miami Dade College’s Wolfson Campus, the federal courthouse, and the Miami Heat’s arena.
Erik Rutter, Managing Partner at Oak Row Equities, articulates the project’s vision: “First & Fifth exemplifies our belief that proximity to transportation hubs is pivotal in shaping urban living choices in South Florida.” This sentiment is echoed by David Weitz, Managing Partner, who emphasizes the project’s culmination of foresight and collaboration.
First & Fifth not only enhances the skyline but also reflects Oak Row Equities’ dedication to transit-oriented development. This approach is central to their portfolio, which includes notable projects like The Oasis, Wynwood Plaza, and others strategically positioned near transit nodes to maximize connectivity across the region.
As Oak Row Equities prepares to introduce First & Fifth to the capital markets and prospective tenants, anticipation mounts for a new chapter in Miami’s urban evolution. With its blend of historical inspiration, modern design, and strategic location, First & Fifth promises to redefine urban living in Miami, offering a vibrant lifestyle where convenience meets luxury.
Stay tuned as First & Fifth rises to prominence, a testament to Miami’s growth and Oak Row Equities’ commitment to innovation in urban development.
$668 Million Construction Loan Secured for Waldorf Astoria Hotel & Residences
Waldorf Astoria Hotel & Residences, spearheaded by PMG in collaboration with esteemed partners including Greybrook, Mohari Hospitality, S2 Development, and Hilton, has secured a monumental $668 million in construction financing, setting a new record in Florida’s residential condominium development history.
Nestled at 300 Biscayne Boulevard, the Waldorf Astoria Hotel & Residences Miami is not just another skyscraper; it’s a marvel in architectural ingenuity and luxury living. Designed by the renowned Sieger Suarez Architects in collaboration with Carlos Ott, the 1,049-foot tower will stand as the tallest residential building south of New York City. Its distinctive design features nine spiraling, offset glass cubes wrapped in a stunning “glass skin,” ensuring it stands out as an iconic addition to Miami’s ever-evolving skyline.
What sets Waldorf Astoria Hotel & Residences Miami apart is its seamless blend of luxury residences and world-class hospitality. The development will house 387 private residences alongside 205 guestrooms and suites within the luxury hotel segment. Each unit is meticulously crafted with BAMO’s award-winning interior design, offering not only breathtaking views but also unparalleled comfort and sophistication.
Residents and guests will enjoy access to the Waldorf Astoria brand’s renowned Peacock Alley, a specialty restaurant, and indoor/outdoor event spaces for memorable gatherings. A resort-style pool deck with private cabanas, a holistic wellness spa, and state-of-the-art fitness center ensure relaxation and rejuvenation at every turn. Private residential amenities include an exclusive lobby, billiard room, and a kids’ club, offering something for every member of the family.
As the project moves into its vertical construction phase, anticipation builds for the grand unveiling slated for Q2 2028. Managed by Hilton Management Services, Waldorf Astoria Hotel & Residences Miami promises not just a residence, but a refined haven where personalized service and best-in-class experiences define everyday living.
Tower Near Arsht Center to Soar Higher Than Initially Planned
Miami’s skyline is about to undergo another transformation as plans for a new tower near the Arsht Center have been formally filed, revealing an increase in height beyond initial expectations. This development signals not only the city’s continued growth but also the adaptability and evolution of urban architectural projects.
According to recent filings submitted on June 6th to Miami-Dade officials for zoning approval, the tower is now slated to rise 30 stories above ground, reaching an impressive height of 353 feet. This significant increase surpasses the earlier projection of 27 stories, standing at 319 feet, as detailed in an April filing by the developer during a pre-application meeting request. The adjustment in height underscores the dynamic nature of construction projects and the iterative process of urban development.
Despite the upward revision in height, one aspect remains constant: the number of dwelling units. The tower is still planned to accommodate 283 units, maintaining its residential capacity as previously envisioned. This continuity ensures that the project retains its intended scale and functionality, providing housing options within the burgeoning cityscape.
Behind this ambitious venture is a dedicated team of professionals committed to bringing the vision to life. 14th Street Miami Investments, LLC spearheads the development, while RSP Architects of Miami lends their expertise as the architect responsible for crafting the tower’s design. The project’s engineering aspects, both civil and traffic, are entrusted to Kimley-Horn, ensuring the structural integrity and seamless integration with the surrounding urban infrastructure. Urban Robot contributes its landscape architectural prowess to enhance the green spaces surrounding the tower, while legal matters and land use intricacies are expertly navigated by Bercow Radell Fernandez Larkin + Tapanes. This collaborative effort underscores the interdisciplinary nature of modern urban development, where diverse skill sets converge to realize ambitious projects.
As plans for the tower near the Arsht Center take shape and surpass initial expectations in height, Miami’s skyline prepares for another striking addition. This development not only reflects the city’s ongoing evolution but also exemplifies the collaborative spirit driving urban innovation. With a dedicated team and meticulous planning, the tower is poised to become a prominent feature in Miami’s ever-changing landscape, contributing to its vibrant urban tapestry for generations to come.
Sales Launch for Domus Brickell Park Miami
We are thrilled to announce the launch of sales for Domus Brickell Park, the latest milestone in luxury condominium development brought to you by North Development—a joint venture between Miami developer Ricardo Dunin’s Oak Capital and Peru’s Edifica. This exciting project marks the second condominium under the Domus brand and showcases the unique FLATS concept (Flexible Apartments for Temporary Stays), designed to revolutionize urban living.
Situated in the heart of Miami’s prestigious Brickell financial corridor, Domus Brickell Park will rise 35 stories high, featuring 579 meticulously designed units. This prime location at 1034 SW 2nd Avenue places residents at the epicenter of vibrant city life, surrounded by major banks, corporate headquarters, trendy restaurants, shopping centers, and recreational venues.
Domus Brickell Park promises an exceptional living experience with an array of world-class amenities:
The Cypress Room: A luxurious 4,000-square-foot gathering space featuring a café, wine bar, and artisanal market with gourmet fare.
High-Touch Services: 24-hour concierge, valet attendants, and a dedicated customer service line.
Wellness and Recreation: A seventh-floor gym with an outdoor terrace, rooftop yoga deck, rooftop bar, pool, sky deck, cabanas with day beds, hot tub, and a lush garden lounge.
Technology and Convenience: The Domus FLATS App for seamless check-ins, room and elevator access, and more.
The FLATS concept, coined by Ricardo Dunin, is garnering praise for its innovative approach to short-term rental-friendly offerings, rooted in high-end hospitality. Domus Management, a bespoke management company created by Dunin, ensures that each property adheres to top-tier brand standards, providing a comprehensive, customer-centric experience.
The design team for Domus Brickell Park includes Studio Mc+G Architecture, known for their work on the iconic Delano South Beach hotel, and Urban Robot Associates, specialists in urban design, interiors, and landscape architecture. The building is a wellness-focused ‘green’ structure featuring ultraviolet (UV) water purification, air filtration systems, and EV charging stations.
Residents of Domus Brickell Park will enjoy unparalleled access to transportation, with the Brickell Metromover station just one block away. This connection links to the Miami Metrorail and the Brightline high-speed train, making travel to Orlando a breeze. The building’s location also offers stunning high-floor views of the cityscape and Biscayne Bay, and proximity to Southside Park, multiple greenspaces, and The Underline—a 10-mile linear park with numerous amenities.
Starting from the low $500,000’s to $1.5 million, Domus Brickell Park offers studio, one-, and two-bedroom FLATS featuring nine-foot ceilings, private balconies, keyless entry smart lock systems, premium appliances, and in-unit washers and dryers. This competitively priced property is poised to be a standout in the Brickell market.
Domus Brickell Park is slated for completion at the end of 2027, promising to be a landmark of luxury and innovation in Miami.
Swire Properties Unveils $100 Million Duplex Penthouse at The Residences at Mandarin Oriental
The latest addition to Miami’s upscale real estate scene is Mandarin Oriental, which, in collaboration with Swire Properties, has launched sales for The Residences at Mandarin Oriental, Miami. This development features 228 luxury branded residences within an 800-foot tower on Brickell Key, just moments away from Miami’s bustling center.
These residences are just a part of the brand’s grand vision to transform this secluded island sanctuary into an unmatched residential and hospitality destination. The South Tower will house The Residences at Mandarin Oriental, Miami, while the North Tower is set to become the new North American flagship Mandarin Oriental hotel, connected by a beautifully landscaped podium.
Among the first properties available is the development’s $100 million duplex penthouse. The penthouse offers 23,000 square feet of living space, including 7,000 square feet of private outdoor space.
With 30-foot-high ceilings, interiors by designer Tristan Auer, and unparalleled views of the city skyline from nearly 800 feet above, this residence epitomizes elevated living. The property features multiple outdoor dining and entertainment areas and a sky cabana that can serve as an additional bedroom. The infinity pool, one of Miami’s highest, adds to the allure for those who love heights.
Luxury Residences for Sale
The South Tower offers a range of luxurious residences:
Two-bedrooms starting at $4.9 million
Three-bedrooms starting at $5.8 million
Four-bedrooms starting at $10.5 million
Five-bedrooms starting at $17.5 million
The North Tower: A New Flagship Hotel
The North Tower will house the new Mandarin Oriental hotel, featuring:
121 rooms
A signature Spa at Mandarin Oriental
Multiple intimate fine-dining and al fresco restaurants
This tower will also offer an additional 66 private residences and 28 hotel residences, with sales set to launch later this year.
The Future of Branded Residences in Miami
The branded residence trend continues to gain momentum in Miami, blending luxury living with prestigious brands. With properties like The Residences at Mandarin Oriental, Miami, the city is setting new standards for high-end urban living, offering residents unparalleled luxury and world-class amenities.
NoMad Residences Wynwood: Securing $141.5 Million in Financing and Pioneering a Unique Residential Experience
Related Group and Tricap have successfully secured $141.5 million in financing for the highly anticipated NoMad Residences Wynwood, a significant development in Miami’s vibrant Wynwood Arts District. The project received a $51.5 million mezzanine loan from Related Fund Management and a $90 million senior construction loan from Kennedy Wilson. Construction commenced in October 2023, shortly after the groundbreaking in September.
“Related Group is proud to partner with Related Fund Management and Kennedy Wilson to drive the development of NoMad Residences Wynwood further,” said Nick Pérez, President of Related’s Condominium Division. “This significant capital infusion is a testament to the strong investor confidence in Miami’s residential market and, more notably, our distinct vision for this hospitality-centric and lifestyle-driven development. We’re excited to bring this unique residential experience to Wynwood, which adeptly blends design, culture, and community in a way that only NoMad can.”
Thomas Whitesell, Head of the Debt Investment Group at Kennedy Wilson, echoed these sentiments: “We are pleased to join with Related Fund Management to provide construction financing to Related Group for this exceptional project. Related Group is arguably the premier residential developer in South Florida and their deep experience, particularly in Wynwood, is one of many reasons we were drawn to this investment.”
NoMad Residences Wynwood, designed by Arquitectonica with interiors by DesignAgency, will offer 329 units ranging from studios to two-bedroom apartments. Each residence will feature floor-to-ceiling windows, private balconies, and modern kitchens equipped with Bosch appliances and Italian-style cabinetry. The units come fully furnished with packages from DesignAgency and are designed with no rental restrictions, allowing owners the flexibility to rent their homes for any period.
The development will include a variety of public food and beverage venues. Highlights include a rooftop restaurant and bar managed by Leo Robitschek, a James Beard Award winner, and Casa Tua Cucina on the ground floor, offering Italian and Mediterranean cuisine.
Residents will enjoy access to an array of amenities such as a rooftop lounge, pool, fitness facilities, and the NoMad Library and Lounge. The building will also showcase art from the Jorge M. Pérez Collection and feature commissioned works that reflect the Wynwood artistic community.
Sales have been robust, with more than 80% of the residences already sold. Completion of NoMad Residences Wynwood is anticipated for late 2025, promising a dynamic and culturally enriched living experience in one of Miami’s most artistic neighborhoods.
Wynwood Welcomes Major Retail Expansion with Prominent Developers
In a significant move for the Wynwood Art District’s commercial landscape, a trio of influential development firms—Lion Development Group led by Michael Simkins, LNDMRK Development led by Alex Karakhanian, and Tricera Capital led by Ben Mandell—has jointly acquired 32,000 square feet of prime ground-floor retail space at the Society Wynwood complex. The deal, valued at $22.5 million, marks a pivotal development in one of Miami’s most vibrant neighborhoods.
Prior to the closing, Tricera and LNDMRK had already signed four major leases, securing tenants for approximately 50% of the available space. This proactive leasing strategy brought in a diverse mix of businesses, including Starbucks, Nacho Daddy, Chama De Fogo Brazilian Steakhouse, and I Scream Gelato. These brands are not just filling space; they are set to enhance the local flavor and economic vitality of Wynwood.
The property, developed by Property Markets Group (PMG) and Greybrook, is situated at 2431 NW Second Ave., right in the heart of the Wynwood Art District. This location is pivotal, standing directly across from the iconic Wynwood Walls. “Wynwood’s growth over the last decade has been tremendous, and our team is excited to continue to play a role in elevating the community,” said Ben Mandell, CEO of Tricera Capital.
Alex Karakhanian of LNDMRK Development also shared his enthusiasm for the project: “We are excited to partner with Tricera and Lion on this transformative acquisition. The retail is situated in the core of the district, and continues to attract premium tenants that want to be part of this vibrant community.”
The retail portion of Society Wynwood, along with its nearly 300 modern residential units and private parking garage, positions the building as a premier destination within the district. This integration of living, leisure, and work space reflects the ongoing transformation of Wynwood into a dynamic urban neighborhood where culture and commerce meet.
With successful leasing already underway and more announcements expected soon, the new ownership is poised to continue its momentum. The addition of high-profile tenants like Starbucks, which will occupy approximately 2,600 square feet, and the unique dining experiences offered by Nacho Daddy, Chama De Fogo, and I Scream Gelato, Society Wynwood is set to become a key player in the area’s ongoing development.
