Miami’s Design District could soon be home to Parterre 42, a mixed-used development costing $300 million complete. Real Estate Weekly reports that the venture will comprise 500,000 square feet of new construction, offering retail and office space.
Based on the luxury retailers in the surrounding area, Parterre 42 will likely offer similar high-end ventures. Plans also call for 80,000 square feet of outdoor space dispersed throughout the building’s five levels. Amenities include an on-site café, fitness center, bike and scooter storage, and valet parking.
The Next Miami describes Parterre 42 as “biophilic,” making employees and guests feel as though they’re existing in nature. Architects have released conceptual renderings, showing a mid-rise building with a steel and glass façade.
The design incorporates many of Florida’s native plants into its design, showing a multi-tiered outline. ODP Architecture & Design is the architect of record (AOR). JEMB Realty and Helm Equities are the two developers.
Sources report that construction could start early next year, although this isn’t been officially confirmed by authorities. Developers hope to secure LEED Gold and WELL Gold certifications on the project. This would mean that Parterre 42’s structure works to minimize its carbon footprint.
Parterre 42’s address is 220 Northeast 43rd Street, Miami, Florida, 33137, in Miami-Dade County. Google Earth’s renderings show that the build site is currently unoccupied.