Related Companies

Related Companies Acquires 320-Unit Sorrento Apartments In Miramar, Florida

8:00 am on October 7, 2023 By Oscar Nunez

Related Companies has acquired Sorrento, an affordable housing community in Miramar, Florida, from Zom Foxcraft, an entity tied to ZOM Living and NRP Group for $48.2 million, equating to $150,625 per unit. The 320-unit, garden-style apartment community offers LIHTC income-restricted apartments at 8991 and 9577 Southwest 41st Street. The property was completed by ZOM Living in 2012 and was originally financed through the federal Low Income Housing Tax Credit Program and various state and county debt financing programs.

FAA Approves Related Companies’ ‘515 Fern’: West Palm Beach’s Largest Office Tower At 386 Feet

8:00 am on August 29, 2023 By Oscar Nunez

West Palm Beach’s skyline is primed for continued transformation as the Federal Aviation Administration (FAA) gives the green light to construct 515 Fern, an impressive 25-story tower set to redefine the city’s commercial landscape. This FAA approval marks a significant milestone for New York-based developer Related Companies, known for their iconic Hudson Yards development, who is behind this ambitious project. The structure, set to soar to 385 feet (or 404 feet above mean sea level), is poised to become West Palm Beach’s largest office tower.

Related Companies Acquires RAMSA-Designed South Flagler House Development In West Palm Beach

8:00 am on August 21, 2023 By Oscar Nunez

Related Companies recently announced the purchase of the development site for South Flagler House, situated at 1355 South Flagler Drive along the prestigious Gold Coast in West Palm Beach, Florida. Acquired from global real estate development firm Hines and Palm Beach-based real estate investment firm Frisbie Group, this significant acquisition marks a new chapter for South Flagler House. Anticipated to deliver an exceptional luxury residential experience in the Palm Beaches, the project will be overseen by Related Companies, leveraging their enduring collaboration with the esteemed architecture firm Robert A.M. Stern Architects (RAMSA), a partnership spanning over two decades and 17 buildings nationwide. Sales leadership will be in the hands of one of the country’s top agents, Suzanne Frisbie.

Swire Properties And Related Companies Commence Demolition On The Future Site Of One Brickell City Centre, Florida’s Tallest Commercial Building

8:00 am on May 5, 2023 By Oscar Nunez

Swire Properties Inc. and Related Companies have started the demolition process for the future site of One Brickell City Centre, soon to be the tallest commercial building in Florida. A special ceremony was held yesterday at 700 Brickell Avenue to mark the occasion, with Miami Mayor Francis Suarez, Swire Properties Inc. President Henry Bott, and Related Companies Chairman and Founder Stephen M. Ross in attendance. The event not only celebrated the progression of this groundbreaking project but also served as a testament to the strength and resilience of Miami’s office market.

Developers Sign Utility Agreement For Upcoming Supertall One Brickell City Centre

8:00 am on March 1, 2023 By Oscar Nunez

The developers of One Brickell City Centre have signed a utility agreement to connect the upcoming supertall office tower at 700 Brickell Avenue to Miami-Dade County’s water and sewer system. The agreement, dated February 22, lists 700 Brickell City Centre LLC and Brickell City Centre Project LLC as the developing entities, with Kieran Bowers of Swire Properties signing on behalf of both entities. Hudson Yards developer Related Companies, led by Stephen Ross, is also a partner in the project. Miami-based Arquitectonica designed the project.

Demolition Permits Filed For 700 Brickell Avenue Where 68-Story One Brickell City Centre Supertall Is Planned

8:00 am on January 26, 2023 By Oscar Nunez

Total demolition permits have been filed for a 10-story commercial building at 700 Brickell Avenue in Brickell, Miami’s financial district. The 190,963-square-foot structure is listed as built in 1971 and has since been used for office purposes with an attached parking garage, occupying an L-shaped 47,610-square-foot lot on the western frontage of Brickell Avenue between Southeast 7th and 8th Streets. The application was created on January 20 and awaits plan acceptance from Miami’s Building Department to begin the review process. Alpha Wrecking Group is listed as the demolition contractor, with an estimated price tag of $1,350,000 for the scope of work.

Developers Unveil New Details And Renderings Of Miami’s Future Tallest Office Tower

8:00 am on December 22, 2022 By Oscar Nunez

New details and renderings have been released for One Brickell City Centre, a 68-story office tower planned for a 2.38-acre site at 700 Brickell Avenue in the heart of Miami’s Brickell financial district. Designed by Arquitectonica and developed by a joint venture partnership between Related Companies and Swire Properties, the nearly 1,000-foot-tall structure will yield 1.5 million square feet of office space, a host of wellness amenities, and a high-end restaurant and a helipad on the roof. Demolition work for existing site improvements is expected to commence in Q1 of 2023, and a ground-breaking date will be announced based on the pace of leasing efforts.

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