Miami

Winston & Strawn, Baker McKenzie Sign Leases At OKO Group And Cain International’s 55-Story 830 Brickell Office Tower

830 Brickell, Miami’s newest Class A+ office tower, continues to attract best-in-class international law firms looking to bolster their presence in South Florida. Chicago-based Winston & Strawn LLP and Baker McKenzie have both joined the roster of firms signing leases at the 55-story office tower, which will become Miami’s first Class A+ office tower to deliver in more than a decade. Winston & Strawn will open its first Miami office within 35,000 square feet at the tower, marking the firm’s largest expansion in five years. Baker McKenzie signed an 18,000 square-foot lease.

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Miami Voters Approve Land Lease Extension For Riverside Wharf In The Miami River District

Last week, Miami voters overwhelmingly approved an amendment to extend the lease of city land for use in the future development of Riverside Wharf, a $185 million hospitality-driven entertainment complex planned for 114 Southwest North River Drive that promises to usher in a new era for the Miami River District. With approximately 60% of the vote in favor of the amendment, the victory marks another step forward in developing the project. Developed by MV Real Estate Holdings in conjunction with Driftwood Capital and Merrimac Ventures, the the 10-story, 200,000-square-foot project will be the defining development for Miami’s Downtown core as a city-within-a-city all-encompassing destination for unparalleled entertainment, exceptional dining and world renowned hotel accommodations. It will encompass a world-class 30,000-square-foot nightclub and rooftop dayclub, a high-energy 12,000-square-foot event hall and mezzanine, as well as the rebirth and expansion of The Wharf Miami, with 16,000 square feet of signature restaurants and a private marina capable of accommodating megayachts. Planning to break ground in the second quarter of 2023, it will also feature a 165-key Dream Miami luxury hotel.

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Namdar Group Issued $195 Million Loan For Two Apartment Towers In Downtown Miami

Great Neck, NY-based real estate investment and development firm Namdar Group has secured $195 million in acquisition and construction funding for Namdar Towers, two residential buildings of 41- and 43-stories planned for 222 Northeast 1st Avenue in Downtown Miami. The loan came from an affiliate of New York’s Slate Property Group – SCALE Lending – brokered by associates of Greystone Capital Advisors. Plans for the residential project include 1.2 million square feet of space with 1,354 residential units between both towers.

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Twin 485-Foot-Tall Towers At 1900 Biscayne Boulevard Approved By The FAA

The Federal Aviation Administration (FAA) has issued building permits for twin 485-foot-tall residential towers at 1900 Biscayne Boulevard in Edgewater, Miami. The developer behind the efforts is Kushner Companies, who’s developing both of these towers along with a third tower at 2000 Biscayne Boulevard, collectively known as the Edgewater Collective. The FAA approved building permits yesterday, and will be valid for the next 18 months. Plans for the Edgewater Collective include 1,265 residential units and 24,000 square feet of retail space across three towers.

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Demolition And Tree Permits Filed For 6001 NE 2nd Avenue In The Magic City Innovation District

Permits have been filed for demolition work and tree removal at 6001 Northeast 2nd Avenue, a lengthy 6.11-acre stretch of land located within the confines of the Magic City Innovation District emerging at the borders between Little River and Little Haiti in Miami. The site is located specifically located between Northeast 2nd and 4th Avenues with Northeast 60th Street directly to the south and Northeast 61st Street is the northern most thoroughfare. Plaza Equity Partners is listed as the owner of both permit applications, who is developing the mixed-use community along with investment firms Lune Rouge and Dragon Global. Plans for this particular site include an approved multifaceted 25-story residential tower, currently dubbed Parcel 11, designed by Arquitectonica which includes 522,806 square feet of space including 349 luxury residential units, 13,010 square feet of retail space, and an adjacent connected parking and amenities structure with 393 vehicle spaces.

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