Miami

Sidley Austin Signs 60,000-Square-Foot Lease At 830 Brickell In Miami’s Financial District

7:30 am on July 21, 2022 By Oscar Nunez

Sidley Austin LLP, an international law firm with almost $3 billion in revenue and 20 offices worldwide, has confirmed that it is opening its 21st office in Miami. Sidley will join the growing roster of world-leading professional services firms and other companies at 830 Brickell, the new 55-story Class-A+ office tower nearing completion in Miami’s Brickell Financial District. Sidley signed a three-floor, 60,000 square-foot lease at the 55-story tower, marking the largest new-to-market office lease signed in the city’s urban core this year. The building, developed in partnership by OKO Group and Cain International, is the first stand-alone Class A+ office tower to be built in Miami’s Brickell Financial District in over a decade and is nearly 70 percent leased ahead of its late-2022 completion.

Lions Group And Fortis Design + Build File Plans For 57-Story M Tower In Downtown Miami

8:00 am on July 18, 2022 By Oscar Nunez

On July 20, 2022, Miami’s Urban Development Review Board will consider proposals for M Tower, a 57-story mixed-use building planned for 56 Southwest 1st Street in Downtown Miami near the City’s Government Center. The applicants, Downtown 1st Street LLC, an affiliate of New York-based Lions Group NYC, and Miami-based Fortis Design + Build are proposing to improve the 1.046-acre property with a nearly 600-foot-tall mixed-use development consisting of a public parking garage for 694 vehicles and 10,531 square feet of ground floor commercial space, and a multifamily residential tower with 675 residential units. The project is designed by Nichols Architects with Naturalficial as the landscape architect, and Kimley-Horn is the civil engineer.

Renderings Revealed For The Wynhouse At 2200 NW 1st Avenue In Wynwood, Miami

8:00 am on July 16, 2022 By Oscar Nunez

Fisher Brothers Management Co. (Fisher Brothers), a New York City-based real estate developer, filed site plans for The Wynhouse, an 8-story mixed-use building proposed for 2200 Northwest 1st Avenue in Wynwood, Miami. Designed by Coral Gables-based Nichols Architects with New York’s Rockwell Group handling interiors for FBWS Development Senior LLC, an affiliate of Fisher Brothers, the 360,394-square-foot edifice would yield 308 residential units, 24,114 square feet of ground floor commercial space, 8,250 square feet of public paseo space, 8,165 square feet of rooftop amenities and 122 combined onsite and street parking. Miami Lakes-based Langan Engineering is listed as the civil, geotech, environmental and traffic engineer; Hollywood-based Witkin Hults + Partners is the landscape architect.

Helm Equities Reveals $300 Million Plan For Parterre 42, The First COOKFOX-Designed Tower In South Florida

8:00 am on July 14, 2022 By Oscar Nunez

Helm Equities, a progressive real estate development, investment and management organization based in New York City and affiliate of New York City-based JEMB Realty Corporation, recently announced plans for the $300 million development of Parterre 42, a 500,000-square-foot office and retail building in the heart of the Miami Design District. Designed by New York City’s award-winning COOKFOX Architects, experts in biophilic design, along with ODP Architecture & Design as the architect of record, Parterre 42 introduces Miami’s first seamless indoor-outdoor working experience. With more than 80,000 square feet of functional outdoor space dispersed across all floors of the building, providing both private terraces and shared outdoor experiences, overflowing with lush greenery, Parterre 42 will redefine what is possible in a Miami office experience.

FAA Building Permits Approved For 497-Foot-Tall Structure At 526 NE 34th Street In Edgewater

8:00 am on July 11, 2022 By Oscar Nunez

The Federal Aviation Administration has approved building permits for a 497-foot-tall structure in Edgewater, Miami. According to the included coordinates, the building would occupy a 22,000-square-foot assemblage of lots including 510, 522, 526 and 532 Northeast 34th Streets. The property is located across the street from the Hamilton on the Bay rental tower, and is just steps away from a dead end on Northeast 34th Street fronting Biscayne Bay. Three of the lots are owned by Nardware Properties LLC, and the other by 510 34th LLC; Hamilton on the Bay III, LLC is listed as the applicant, all of which are affiliates of Denver-based real estate developer AIMCO. The permits were applied for on April 13, 2022, and were approved by the FAA on July 8, 2022, lasting only three months for approvals.

Construction Completes On Villa Valencia At 515 Valencia Avenue In Coral Gables

8:00 am on July 10, 2022 By Oscar Nunez

Construction is complete on Villa Valencia, 13-story luxury residential high-rise building at 515 Valencia Avenue in Coral Gables, Miami-Dade County. Designed by local architect Hamed Rodriguez Architects with Miami-based L&ND as the landscape architect and developed by Miami-based Location Ventures, the approximately 154-foot-tall structure comprises a distinguished collection of just 39 luxury condominiums ranging from two to three-bedroom units. The development integrates the revolutionary Delos’ DARWIN Home Wellness Intelligence network which provides advanced air purification, water filtration, lighting solutions and enhanced sleep systems. Villa Valencia recently received its Temporary Certificate of Occupancy (TCO); closings are currently underway, and residents have begun to occupy their residences. Winmar Construction served as the general contractor.

PMG And Greybrook Shift 49-Story Downtown Miami Project To Condos And Short-Term Rentals, Launched As The Elser Hotel & Residences

8:00 am on July 9, 2022 By Oscar Nunez

National investment and development firm Property Markets Group and Toronto-based real estate private equity firm Greybrook have changed the programming for a newly completed 49-story project once known as Society Biscayne on the southwest corner of Biscayne Boulevard and Northeast 5th Street. The developers rebranded and launched the 571-foot-tall tower as The Elser Hotel & Residences and the property is now addressed as 398 Northeast 5th Street. The newly completed tower offers 646 fully furnished residences, over 19,000 square feet of curated amenities and 5,000 square feet of prime retail space. PMG Residential is the exclusive sales team for the property, with residences priced from the $600,000’s or the equivalent cryptocurrency exchange rate.

Citadel Revealed As Buyer Of 2.5-Acre Development Site At 1201 Brickell Bay Drive In Miami

8:00 am on July 6, 2022 By Oscar Nunez

The buyer behind the last remaining prime water front development site in Brickell, 1201 Brickell Bay Drive, has been revealed to be Citadel, a multinational hedge fund and asset management company led by CEO Ken Griffin. The 2.5-acre site sold for a record-breaking $363 million back in April 2022, but the buyer’s identity was hidden behind a Chicago-based limited liability company. Miami-Dade County property records now show the site was sold by TWJ 1201 LLC, an entity linked to Tibor Hollo’s Florida East Coast Realty (FECR), to 1201 Brickell Bay LLC. Hollo paid $15,500,000 for the site nearly 22 years ago, yielding an approximate 2300% profit.

FAA Permits Filed For 44-Story LOFTY Brickell Tower At 99 SW 7th Street In Miami, $170 Million Construction Loan Secured

8:00 am on July 5, 2022 By Oscar Nunez

FAA building permits have been filed for LOFTY Brickell, a 44-story residential building planned for 99 Southwest 7th Street along the Miami River in Brickell, Miami. Designed by Arquitectonica with landscape architecture by Urban Robot Associates and interiors by INC for real estate developer Newgard Development Group (Newgard), the 574-foot-tall tower will ultimately contain 364 fully-finished residences in a variety of studio, one- and two-bedroom units, as well as 40,000 square feet of thoughtfully curated amenities. Newgard has also secured a loan valued at $170 million from 3650 REIT to begin construction at the site.

HTG Completes Father Marquess-Barry Apartments, An Affordable Housing Community In Overtown, Miami

8:00 am on July 4, 2022 By Oscar Nunez

Housing Trust Group (HTG), an award-winning multifamily developer and one of the nation’s largest developers of affordable housing, recently held an official grand-opening for the completion of Father Marquess-Barry Apartments, a $18.5 million affordable housing community for seniors located at 301 Northwest 17th Street in the historic Overtown neighborhood of Miami. Designed by Modis Architects with interiors by B Pila Design Studio and landscaping from JBC Planning and Design, Father Marquess-Barry Apartments contains 60 one- and two-bedroom residential units with rents ranging from $372 to $1,200 per month for income-qualifying seniors ages 62 and up who earn 40 percent and 60 percent of area median income. The property leased up rapidly and is 100 percent occupied.

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