A developer has proposed a supertall skyscraper in Miami-Dade County. Walter Defortuna, the brother of Fortune International Group’s CEO, wants to move forward with an 81-story building.
Florida YIMBY has learned of two Miami-based projects: one that has finished construction and another that could break ground next year. Here’s what we know.
Optimum Property Management hopes to get approval for a high-rise tower in Miami-Dade County. Plans call for the demolition of a low-rise apartment complex built in 1960. In its place would rise a 50-story building comprising close to 560,000 square feet of new construction.
The St. Regis Residences, Miami, a 50-story residential tower at 1809 Brickell Avenue on the Biscayne Bay waterfront in South Brickell, is now under construction. A groundbreaking ceremony for the development was held on the morning of November 21, featuring 152 bespoke residences—including penthouses, sky villas, and two stand-alone garden villas. The project offers a rare opportunity to experience the timeless elegance and five-star services synonymous with the St. Regis brand. Coastal Construction is overseeing the build, with completion expected in 2027.
Miami-based real estate development and construction firm Cymbal DLT Companies closed on a $32 million loan from 3650 REIT that will allow it to officially prepare for the groundbreaking of its highly anticipated billion-dollar Downtown Fort Lauderdale Riverwalk district project. The first phase of the project, Riverwalk Raintree Residences, is slated to break ground on its first building in the summer of 2023. It will include two eco-friendly, mixed-use multifamily apartment towers of 28 stories and 29 stories by acclaimed architecture firm Jo Palma + Partners comprising a combined 677 residential units and 21,000 square feet of commercial space. The second phase will include an Arquitectonica-designed branded condominium tower, a branded full-service hotel, a branded yacht valet and yacht club, membership clubs, and significant food and beverage operations, which will be announced next year.
