Back in 2018, the city of Miami had reached a new milestone in skyscraper construction with the completion of the Panorama Tower, an 85-story mixed-use building standing 868-feet over Brickell. Designed by Kobi Karp with Moshe Cosicher of the AIA as the architect of record, and developed Florida East Coast Realty led by Tibor Hollo, the structure currently holds the title for tallest in the state of Florida and also the tallest residential building south of New York City, surpassing the Four Seasons Hotel Miami which held the title from 2003 to 2017.
Meyer Chetrit’s vision for the 4.2 million-square-foot Miami River mixed-use complex is one step closer to becoming a reality. On June 30, 2021, the developer signed a utilities deal with Miami-Dade County on behalf of CG Miami River LLC, allowing for the connection of the 6-acre mega development to the city’s water and sewage system. According The Next Miami, the deal will include 1,843 residential units, 54,200 square feet of full service restaurants, 40,000 square feet of office space, 130,600 square feet of retail and 17 marina slips. Kobi Karp is the designing the four proposed towers with GT McDonald Enterprises managing construction.
GC Miami River, LLC, a subsidiary of New York City-based developer the Chetrit Group, has applied for new construction permits to build the first of four proposed towers for their 4.2 million square-foot Miami River development. According to the filing documents, the structure will rise to the height of 643-feet across 54-stories, yielding an astounding 1,177,448 square feet of space including 632 residences and 12,305 square feet of commercial space. Kobi Karp is the design architect with GT McDonald Enterprises managing construction.
New York City-based JDS Development Group, one of the country’s leading companies in real estate development, has announced 80% of the inventory at Monad Terrace has been sold including all four penthouses. Designed by world-renowned design firm Ateliers Jean Nouvel, Monad Terrace is a high end residential development comprised of two structures of 7 and 14 stories, addressed as 1300 West Avenue and located along Biscayne Bay with it’s interior lot nestled between 13th Street and 14th Street. This sales milestone has been reached with the recent closing of one of the building’s crown jewels, the opulent PH-A, which sold for $11.8 million.
The upcoming 661-foot-tall, 50-story Legacy Miami Worldcenter has officially sold out ahead of ground breaking and construction. Designed by Kobi Karp and developed by Royal Palm Companies, this is the first development in Downtown Miami to sell out prior to putting in a shovel in the ground. A brokerage team from OneWorld Properties is behind the successful sale of the project’s units.