Plans have been submitted to redevelop Sunset Place in South Miami, transforming the site into a massive mixed-use complex with nine towers. The proposed towers will rise to various heights, including two at 12 stories, two at 15 stories, one at 21 stories, one at 25 stories, and three at 33 stories.
The Federal Aviation Administration (FAA) has officially approved the height of 848 Brickell, a 51-story Class-A office and retail development in Miami’s Brickell neighborhood. Planned by Key International in collaboration with Sterling Bay, the project has been given the green light to rise 764 feet above ground, or 775 feet above mean sea level. This approval, issued on September 5, 2024, marks a significant milestone for the development designed by Skidmore, Owings & Merrill (SOM).
Plans have been submitted for potentially redeveloping the Whale & Star building in Miami’s Wynwood Arts District into a mixed-use project. The site is located at 2215-2237 Northwest 1st Place, 175 Northwest 22nd Street, and 170 Northwest 23rd Street, and spans 37,822 square feet. Currently, the property contains 27,406 square feet of commercial buildings, which would be demolished under the proposal.The city’s Wynwood Design Review Committee has approved the plans, which are now set to be reviewed by the Urban Development Review Board (UDRB).
As South Florida’s population continues to grow, so does its affordability challenge. According to Miami Homes For All, the tri-county area currently faces a shortage of 90,181 housing units for households earning below 80 percent of the area median income, estimated at around $75,000 annually.
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.
