In recent years, Miami has seen a dramatic shift towards the development of buildings that offer flexibility via short term rentals. Owners of these types of property are allowed to rent out their units free…
Miami-based creative real estate developer Goldman Properties (Goldman) has announced plans for Core Wynwood, a 9-story office building set to be constructed at 391 Northwest 25th Street in Wynwood, Miami. Located between Northwest 24th and 25th Streets with Northwest 5th Avenue on the West, the interior lots encompass additional addresses including 376 + 390 Northwest 25th Street and 373 + 375 Northwest 24th Street, spanning just over 28,000 square feet in total floor area; 2425 Ltd., an affiliate of Goldman, has owned the properties since 2003. The building is designed by Perkins&Will and will include 140,000 square feet of space including 115,000 designated for office space, 9,000 square feet of ground floor retail, and 116 parking spaces integrated into the podium.
Site plans have been filed for Dadeland Apartments, a massive transit-oriented mixed-use project proposed to rise at 8600 Southwest 72nd Avenue in Dadeland, Miami-Dade County. Designed by award-winning architecture firm Arquitectonica and developed by New York City’s Macklowe Properties, the development is comprised of two 25-story twin towers joint by a 4-story podium that would rise beside the Dadeland North Metrorail Station and Dadeland Mall. The proposal calls for a 347-foot-tall development yielding 1,239,000 square feet, with 542,155 square feet designated for residential space, 27,725 square feet for amenities, 11,455 square feet for retail and a parking garage integrated into the podium with 614 parking spaces. The buildings will yield a combined 650 residential units, which would come in studio through three-bedroom layouts, most likely rentals based on the average unit scope of 843 square feet. LACINYC, Corp., an entity affiliated with Macklowe Properties, is listed as the applicant with Dadeland Apartments LLC, an entity affiliated with real estate developer Rilea Group, listed as the property owner.
Denver-based real estate developer Aimco has released another rendering of a 60-story tower being planned for 640 Northeast 34th Street in Edgewater, Miami. The developer released the rendering on their website in conjunction with their 2021 fourth quarter earnings announcement. In November 2021, YIMBY had reported Aimco completed the purchase of a development assemblage in Edgewater beside their Hamilton On The Bay apartment tower that would permit for up to 1.1 million square feet of new construction. The 70,000-square foot site would ultimately give rise to two towers, based on the previously released renderings, with the Biscayne Bay-facing structure depicted in the new rendering rising as high as 646-feet, or 649-feet above sea level according to an FAA filing.
Additional renderings have surfaced of the recently announced The Crosby, a 31-story residential tower planned to rise at 601 North Miami Avenue within the 27-acre Miami Worldcenter complex in the Park West neighborhood of Downtown Miami. Designed by Cohen Freedman Encinosa & Associates and developed between the Related Group, one of South Florida’s most active condo developers, and Merrimac Ventures led by the Motwani Brothers, the development will include 450 fully-furnished units with interiors by New York City-based AvroKO, ranging between 350 square feet to 825 square feet. Units will come in studio, one-bedroom and two bedroom floor plans accompanied by over 22,000 square feet of amenities and 4,000 square feet of ground floor commercial space. Residences at The Crosby will have no rental restrictions, meaning owners will have the option to offer their units as short-term rentals.
