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District 225 in Downtown Miami

Groundbreaking Officially Scheduled for District 225

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District 225 in Downtown Miami

Developers for one of the newest pre-construction towers in downtown Miami, District 225, have officially scheduled the groundbreaking for the third quarter of this year.

The Related Group along with ROVR Development and BH Group have been working tirelessly on the sales ever since the launch of the tower in 2021. Since then the development has 100% sold out.

District 225 will rise 37 stories tall and be built without a parking garage and will also be one of the first tower with direct listings on Airbnb.

The buyers for the tower included domestic transplants, remote workers, and domestic transplants as well as 50% of the buyers coming from South America.

According to Jon Paul Pérez, President of Related, “We launched District 225 as an experiment of sorts. And while we knew this unique product would resonate with buyers, the demand has surpassed even our most optimistic projections. Related has long been at the forefront of trends, and we are proud to once again be at the cutting-edge of the market.”

What makes this project unique is its home-sharing capabilities as well as its resort-style amenities. Siegler Suarez Architects partnered with Meshberg Group will be responsible for the design.

District 225 will total 343 unit spanning over 288,400 square feet with studios to 2 bedroom floor plans. Studio pricing will begin around $350,000 up to $700,000 for the 2 bedroom floor-plans. There will also be 2,297 square feet of commercial space located on the main floor. 

District 225 Amenities

  • Rooftop pool
  • Fitness center
  • Indoor/outdoor basketball court
  • Racquetball court
  • Rock-climbing wall
  • Yoga/spinning studio
  • Coworking spaces
  • Lounge with billiard tables
  • Summer kitchen

Residence Amenities

  • Views of Biscayne Bay and Miami skyline
  • Fully finished and furnished studios, one-, and two-bedroom residences
  • 9.8-foot-high ceilings
  • Smart-home technology experience for seamless personalization with the touch of a button
  • Interiors designed by award-winning interior design firm Meshberg Design
  • Fully built-out closets in all residences curated by Meshberg Design
  • Includes integrated audio, video, window treatment, and lighting systems
  • Equipped with a contemporary lighting package, including recessed lighting, dimmers, and lighting control
  • Built-in, top-of-the-line washer and dryer
  • Flooring selections included with specifications recommended by Meshberg Design
  • Pre-wired for high-speed communications and data connection
  • Kitchens featuring custom Italian cabinetry curated by Meshberg Design
  • Smeg appliance package including an integrated, paneled microwave; dishwasher; built-in convection oven; and refrigerator/freezer
  • Master baths featuring rainfall showerhead and custom Italian vanities
  • Dornbracht and Duravit bathroom fixtures, features, and accessories

The building will be professionally managed by Atlantic & Pacific, which will have staff educated in all elements of Airbnb hosting, including listing, marketing, maintenance, and cleaning.

College Station by ROVR and The Related Group

ROVR Development and Related Plan to Build 48 Story Tower in Downtown Miami- College Station

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College Station by ROVR and The Related Group

The Related Group is at it again with another tower proposed in downtown Miami. Along with the Miami Parking Authority, The Related Group, and ROVR Development are proposing to replace a downtown Miami parking garage with a 48-story development.

On Feb. 2, the Miami Off-Street Parking Board, or MPA, will vote on a 99-year lease and development agreement for the College Station Garage at 190 N.E. Third Street which is very close to Miami Dade College.

When the MPA received an unsolicited proposal for the property in July 2021, the process began. It solicited public bids for the property and received bids from College Station Partners LLC, a joint venture with The Related Group and ROVR Development, as well as Terra of Miami. On January 19, an MPA review committee gave College Station Partners’ bid a higher grade for the development.

The College Station project would include 1.88 million square feet of space and include 1,200 residences, 8,214 square feet of retail space, 33,865 square feet of public service space, 30,000 square feet of amenities, and 1,357 parking spots.

The completed facility would contain the same number of public parking spots as the present garage, which will be demolished. The MPA would own these spaces.

The developer stated that 20% of the units would be affordable housing for seniors earning up to 50% of the local median income, while the other 15% would be worker housing for those earning up to 140% of the area median income. Miami’s current median family income is $39,000.

According to the proposal, the public service space might be used for a fire station or an urgent care clinic to support the downtown’s fast-rising population, including a not-for-profit art’s center.

The units would range from 360 to 1,310 square feet in size. There would be 138 studio apartments, 636 one-bedroom apartments, 354 two-bedroom apartments, and 72 three-bedroom apartments.

The lease is expected to be signed in the first quarter of 2023, taking up to 60 months to construct. The application said that the developers would have to establish alternate parking arrangements for tenants of the adjoining Downtown Lofts I and II condos, which would use this garage for parking, during the construction time.

According to the lease’s proposed financial terms, College Station Partners would pay the MPA $500,000 upfront, about $2 million per year during construction to compensate for missed parking revenue and 10% of the project’s net cash flows for rent following completion. According to the developers, this would equate to a $1.27 billion economic gain to the MPA over the life of the 99-year lease, not including the value of the new public parking garage.

The District in Downtown Miami

Renderings and Site Plan Released for Downtown Miami’s Newest Tower The District

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The District in Downtown Miami

Renderings, floor plans, and site plans have recently been released for Miami newest 37-story condominium tower called The District. In April, The Related Group and Parcel C LLC’s proposed and received approval for the project.

This tower is in pre-construction and is proposed to include 347 residential condos with 2,297 square feet of retail space. This project will not have any parking but the developer is requesting an off-site parking waiver.

Rising 393 plus feet tall, The District will be located at 233 N Miami Avenue in downtown Miami. The floor plans will be fully finished and furnished ranging from 446 square feet to 874 square feet with studio to 2 bedroom options.

Night View of The District

Building Information

Residence Amenities  

  • Smart home technology
  • Includes integrated audio, video window treatment and lighting systems
  • All residences come equipped with a contemporary lighting package, including recessed lighting, dimmers, and lighting control
  • Fully built-out closets in all residences
  • Built in top-of-the-line in-unit washer and dryer
  • Flooring selections included with specifications recommended by Meshberg Design
  • Pre-wired for high-speed communications and data connection
  • Kitchens feature custom Italian cabinetry curated by Meshberg Design
  • Smeg appliance package includes integrated paneled microwave, dishwasher, built-in convection oven and refrigerator/ freezer

Building Amenities

  • Rooftop Amenity Deck : Expansive resort-style rooftop amenity deck with plunge swim spa, fire pit, summer kitchen, and gorgeous views of Downtown Miami and Biscayne Bay. 
  • Basketball & Racquetball Courts :Full-height indoor basketball court and regulation-size racquetball court and Rock climbing wall.
  • Co-working Space :Co-working floor with multiple seating options, high-speed Internet, private meeting rooms, conference room and a full-service kitchen.
  • Fitness Center :State-of-the-art fully equipped fitness center including a private yoga/spinning room with virtual trainer and men’s/women’s sauna/ sauna and locker rooms. 
  • Museum-quality Art :Double-height lobby featuring professionally curated museum-quality art.
  • Monitoring Services :24/7 security services and controlled property access.
  • The District App :Customized password-protected app for home/away smart-home management.
  • Parking :24/7 valet services and self parking.
  • Dining :On-site café servicing the residences and recreation areas.
  • Electric bikes with charging stations are available for residents on the go. 
  • Housekeeping  :On-demand full housekeeping services available at your convenience.
  • Climatized receiving  and storage room
  • Resort Style pool deck with lounge and recreation room

Unit Distribution

Unit TypeFloorsSq.Ft RangeStarting Prices
Studios4th – 33rd458 Sq.Ft – 469 Sq.FtFrom $352,900
1 BD / 1 BA4th – 37th558 Sq.Ft. – 615 Sq.Ft.From $385,900
2 BD / 2 BA4th – 37th786 Sq.Ft. – 884 Sq.Ft.From $573,900

Deposits

  • 10% down with executed contract
  • 10% 60 days after executed contract
  • 10% at groundbreaking (scheduled end 2021)
  • 10% at top off (schedule 3rd quarter of 2022)
  • 60% at closing (scheduled 2nd quarter 2023)

Multiple waivers have been approved on April 9, 2021 but the construction permits have not been filed. Some of paperwork also includes transitioning some units in hotel room. The ground breaking is scheduled for the end of 2021 with estimated completion date of 2023.