Miami

Alchemy ABR-Investment Partners Acquires Wynwood Development Site For 12-Story Luxury Residential Project

Alchemy-ABR Investment Partners (Alchemy) a fully integrated New York-based real estate development and investment firm, announced the acquisition of 18 NW 23rd Street in Miami’s Wynwood Arts District. The 36,079-square-foot property was purchased by Alchemy for $18,000,000 in a deal that closed on September 29, 2022. The mixed-use site will be developed into a 12-story luxury residential building with 186 units, multiple retail spaces, and a parking garage. Local architects Arquitectonica and MKDA have been commissioned to design the building with construction commencing in 2024.

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Okan Tower Gets Slight Height Reduction In New FAA Filing, Permits For Tower Cranes Filed

An October 5th filing at the Federal Aviation Administration (FAA) reveals Okan Tower, the 70-story mixed-use skyscraper planned for 555 North Miami Avenue in Downtown Miami, has gotten a slight height reduction. New building permit applications show the massive tower would rise 893 feet, or 906 feet above sea level, a decrease of 9 feet from the previously planned 902 feet and 915 feet above sea level. The tulip-inspired tower is designed by Behar Font & Partners for developer Okan Group. It will be anchored by Hilton Hotel & Residences and yield 399 residential units mixed between condos and condo-hotel units, a five-star resort-hotel with 316 rooms, 67,588 square feet of Class A office space, and nearly 3,000 square feet of retail/commercial space. Civic Construction is the project’s general contractor, located on the southeast corner of the intersection between North Miami Avenue and Northeast 6th Street.

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JDS Development Seeks General Site Development Plan Approval From County Planners For 81-Story Mixed-Use Supertall 888 Brickell

Miami-Dade County’s Department of Regulatory and Economic Resources will consider the general site development plan resubmitted for 888, an 81-story supertall mixed-use skyscraper propped for 888 Brickell Avenue in the heart of Miami’s Brickell Financial District. Designed by Studio Sofield with ODP Architecture & Design as the architect of record and solely developed by Michael Stern’s JDS Development Group, the 1,048-foot-tall structure is planned to provide 1,178,568 square feet of space including 259 residential units, 52,144 square feet of health/fitness, 38,727 square feet of food and beverage, and 273 parking spaces operated by a valet. The application is pursuant to Section 33C-15 of the County Code of Ordinances for the Property, filed on October 4, 2022. 

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Black Lion Acquires Only Restaurant Space at Zaha Hadid’s One Thousand Museum for $6.4M

Real estate revolutionary and president of Black Lion, Robert Rivani, just acquired the coveted 6,500-square-foot ground floor restaurant space at the prestigious One Thousand Museum by Zaha Hadid for $6.4 million. This restaurant space is the only one in the 62-story luxury residential high-rise, developed by Louis Birdman, Gilberto Bomeny, Gregg Covin, and Kevin Venger, and home to high-profile owners including David & Victoria Beckham, David Grutman, Marc Anthony, billionaire Anthony Hsieh, and actress Sela Ann Ward. Rivani’s off-market purchase marks Black Lion’s first deal in the Downtown area. This beacon completes the company’s portfolio of trophy properties from Wynwood and Brickell down to Miami Beach.

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FAA Filings Reveal A Pair Of Towers Proposed To Rise 685-Feet In Brickell

A September 23 filing with the Federal Aviation Administration (FAA) reveals building permit applications for two 685-foot-tall buildings. Located along the eastern frontage of Southwest 2nd Avenue between Southwest 8th and 9th Streets in Brickell, the structures would rise 699 feet above sea level and would occupy the western third of the city block. The property is owned by Millennium Developments of Brickell LLC, an affiliate of the prominent Coto Family of Argentina and Aston Martin Residences developer G&G Business Developments, spanning nearly 0.93 acres including four parcels of land addressed as 161 and 195 Southwest 9th Street, and 190 Southwest 8th Street.

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