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.
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.
RelatedISG Realty, a general real estate firm based in Aventura with offices throughout Miami-Dade and Broward Counties head by CEO Craig Studnicky, has just released their 2021 South Florida Brickell report. According to the report, the Brickell submarket is officially now a seller’s market, where the demand has exceeded supply which currently sits at just 1% of the total units that’s been built since 2012; in other words, an astounding 99% of the units have been sold…
New York City’s KAR Properties and Miami’s Fortune International Group are pleased to announce they have bought out the remaining 81 unit inventory at Reach and Rise Residences at Brickell City Centre, two 43-story luxury residential skyscrapers located at 68 SE 6th St. and 88 SW 7th St. developed by Hong Kong’s Swire Properties.
Exterior work is nearing completion on the newly constructed CitizenM Brickell, 277-foot tall hotel in Miami’s Brickell neighborhood. Addressed as 955 South Miami Avenue, the building is designed by Gensler and developed by CitizenM Hotels, a hospitality brand founded by hotelier Rattan Chadha. The 21-story hotel will include 252 lodging units, mostly micro-sized rooms starting at 157 square feet, and up to 4,174 square feet of commercial space at the ground floor.