99 Southeast 5th Street

Related Group And GTIS Partners Secure $328M Construction Loan From Bank OZK For 75-Story Baccarat Residences Miami

8:00 am on April 2, 2024 By Oscar Nunez

Related Group and GTIS Partners have secured a $328 million construction loan for the Baccarat Residences Miami, a 75-story luxury condominium tower at the gateway of Brickell Avenue. The financing, arranged by Berkadia South Florida, supports the development of the 848-foot-tall skyscraper, which is currently under construction at 99 Southeast 5th Street and is expected to be completed in early 2028. Over 95 percent of the residences have been sold since the launch in late 2021. John Moriarty & Associates is the general contractor.

75-Story Baccarat Residences Miami Will Begin Vertical Construction This Fall

8:00 am on July 31, 2022 By Oscar Nunez

Vertical construction is expected to begin this fall for Baccarat Residences Miami, a 75-story luxury condominium tower planned for 99 Southeast 5th Street in Brickell, Miami’s Financial District. Designed by Miami-based international architecture firm Arquitectonica and developed by Related Group in collaboration with French luxury brand and fine crystal manufacturer Baccarat, the 848-foot-tall superstructure will yield approximately 806,326 square feet of space including 318 condominium residences, 8 penthouses, 28 riverfront flats and duplexes, 73,000 square feet of amenities and a 10,000-square-foot waterfront ground floor restaurant. New York City-based Meyer Davis is handling interiors and Enzo Enea is the landscape architect. John Moriarty and Associates of Florida Inc. is the general contractor.

FAA Building Permits Filed For 897-Foot-Tall And 848-Foot-Tall Structures At Baccarat Site In Brickell

8:00 am on July 27, 2022 By Oscar Nunez

Applications for building permits have been submitted to the Federal Aviation Administration (FAA) for two structures at Related Group’s 3.9-acre development site in Brickell, Miami, where the developer plans the One Brickell waterfront-facing mixed-use complex with as many as three towers. The first set of permits reveal a filing for an 897-foot-tall structure, or 901-feet above sea level, specifically at 444 Brickell Avenue. A second set of permits were filed for an 848-foot-tall structure, or 852-feet above sea level, around the northwest corner of the site which is likely 99 Southeast 5th Street. Both permit applications were created and filed on July 15, 2022 and are now under review by the FAA.

New Construction Permits Filed For Related Group’s 73-Story Baccarat Residences Condo Tower In Brickell

8:00 am on March 21, 2022 By Oscar Nunez

New construction permits have been filed for Baccarat Residences, a 73-story residential skyscraper located at 99 Southeast 5th Street in Brickell. The permit filing has revealed the structure will top out at 835-feet, and will contain 806,326 square feet of space including 796,326 square feet of space designated for residential use across 352 condominium units and 10,000 square feet of space for a restaurant. The corporation listed as the owner of the application is 444 Brickell Partners, LLC, an affiliate of the Related Group (Related) led by prolific real estate developer Jorge M. Perez, who is often referred to as the condo king of Miami. Related is developing the highly anticipated tower with SH Hotels & Resorts, who manages the Baccarat Hotel in New York. The building is designed by Miami-based international architecture firm Arquitectonica with lavish interiors by New York City-based Meyers Davis, and landscaping will be handled by Enzo Enea of Zurich-based Enea Garden Design. John Moriarty and Associates of Florida Inc. is listed as the general contractor.

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