Developers Related Group and Integra Investments have announced the closing of $527 million in financing for St. Regis Residences, Miami, a highly anticipated residential tower located on the Biscayne Bay waterfront in Miami’s South Brickell neighborhood. The loan, provided by TYKO Capital, marks one of the largest residential construction loans in South Florida’s history.
Construction on Una Residences, Brickell’s first waterfront residential development in over a decade, has reached its full height, topping off at 47 stories. This 579-foot-tall building, designed by the internationally recognized architectural firm Adrian Smith + Gordon Gill (AS+GG) with Revuelta Architecture International as the architect of record, features 135 spacious condominiums offering unobstructed views of the Atlantic Ocean, Key Biscayne, and the Downtown Miami skyline. The ultra-luxury project, developed by OKO Group and Cain International, is located at 175 Southeast 25th Road within the secluded and scenic South Brickell enclave. Civic Construction, in a joint venture with Ant Yapi, serves as the project’s general contractor. Completion is anticipated in early 2025.
A transformative mixed-use development is on the horizon in the burgeoning Ojus neighborhood near the bustling Aventura Mall. Aventura Office Center LLC, under the leadership of Yakov Cohen and Cheryl Cohen from Sunny Isles Beach, has propelled forward with plans for an innovative 11-story tower at 18820 West Dixie Highway. This project, known as Forum Park, emerges on a 1.32-acre site, previously acquired for $7.5 million in 2022, heralding a new chapter for a parcel that lay dormant despite prior ambitions for development by CK Prive Group in 2017.
Palm Beach billionaire Jeff Greene is advancing plans for a high-end condominium project situated across from the waterfront Currie Park in West Palm Beach. The city’s Planning Board is slated to review the project, crafted by the esteemed Swiss architecture firm Herzog & de Meuron in partnership with the local Spina O’Rourke + Partners and Enea Garden Design for landscape architecture. The review of the application for the 4.5-acre site at 2175 North Flagler Drive is on the agenda for December 19. The currently vacant site is held by 6622 Hollywood Boulevard Partner LP and 920 N. Stanley Partners LLC, both entities under Greene’s leadership.
Onda Residences, a 41-unit residential building project developed by Ugo Colombo of CMC Group and Valerio Morabito of Morabito Properties, has topped off construction at eight stories. Located along Biscayne Bay at 1135 103rd Street, the architect behind the project is Bernardo Fort-Brescia of Arquitectonica. Enzo Enea of Enea Garden Design is designing landscape architecture, and Carlo and Paolo Colombo of A++ Human Sustainable Architecture are handling interior design. Coastal Construction is the development’s general contractor and will complete construction later this year.
