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.
Plans have been submitted to Miami-Dade planners for the Dolce&Gabbana Tower, an 81-story mixed-use skyscraper designed by Studio Sofield with ODP as the architect of record. Located at 888 Brickell Avenue in Miami’s Brickell district, the tower is set to rise 1,049 feet and will house 259 residential units along with 102,805 square feet of commercial space, including retail, restaurants, a spa, and a gym. The development, led by JDS Development Group, will also include 273 parking spaces, reaching the maximum height permitted by the FAA in the area.
Related Group and GTIS Partners marked a significant development milestone this past weekend with the foundation pour of the highly anticipated Baccarat Residences Miami. The pour required over 10,000 cubic yards of concrete and 1,500 tons of reinforcing steel, setting a new record for both development firms. This project will be the legendary French crystal brand’s first stand-alone residential tower, managed by hospitality titan SH Hotels & Resorts.
Conceptual plans for Citadel’s new supertall tower in Brickell have been revealed, marking a significant addition to Miami’s ever-evolving skyline. The tower, set to rise 1,032 feet above sea level at 1201 Brickell Bay Drive, is the first phase of a multi-phase development that aims to reshape the landscape of Miami’s bustling financial district.
830 Brickell, a 57-story, 640,000-square-foot Class A+ office tower in Miami’s Brickell Financial District, has secured $565 million in financing ahead of its delivery this fall. The long-term loan from TYKO Capital will pay off the development’s existing construction loan from MSD Partners. This emphasizes 830 Brickell’s significance as a base for many firms establishing their first Miami office, with over 90 percent of the building’s tenants being new to the market. Designed by renowned architecture firm Adrian Smith + Gordon Gill with interiors by Italian architecture and design company Iosa Ghini Associati and developed by OKO Group and Cain International, this fully leased 724-foot-tall tower is the first stand-alone Class A+ office building in Brickell in over a decade. Currently, it is receiving its Temporary Certificate of Occupancy in phases, with tenants building out their spaces. Delivery is expected this fall. The transaction was represented by Beatriz Azcuy of Sidley Austin LLP.
