Miami

KAR Properties And Fortune International Group To Co-Develop 66-Story One River Point Designed By Rafael Viñoly

New York developer Shahab Karmely of KAR Properties and Miami developer Edgardo Defortuna of Fortune International Group announced a new partnership to co-develop One River Point, two connected riverfront-facing 66-story residential towers with a combined 300 units planned for 24 Southwest 4th Street in Downtown Miami. Under the One River Point Partners, LLC, the pair purchased the site from the original entity of One River Point, Miami River Project LLC, paying $58.85 million. The parcel enjoys an enviable location in the city’s epicenter, just steps from the Brickell financial district and luxury retail shopping and entertainment center, Brickell City Centre, as well as the major transportation hubs, and within minutes from Miami Beach, the Port of Miami, major international airports, and cultural landmarks such as the Adrienne Arsht Center, American Airlines Arena and Perez Art Museum.

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Newgard Development Group’s 42-Story Lofty Brickell Tower Enters The Permitting Stage

New construction permits have been filed for Lofty Brickell, a 42-story, riverfront mixed-use high-rise planned for 99 Southwest 7th Street in Brickell, Miami. Located just steps from Brickell City Centre, the building is designed by internationally acclaimed architecture firm Arquitectonica with carefully curated interiors by design firm INC and landscaping by Urban Robot Associates, and is being developed by Newgard Development Group (Newgard). According to October 19 filing, the 574-foot-tall development is projected to yield 619,200 square feet of space including 362 residential units, which would come in a mix of studio, one and two-bedroom residences ranging between 436 to 985 square feet. Although the application is in the pre-screeing phase, Newgard has selected JV Americaribe-Moriarty JV, a joint venture between the construction firms Americaribe and John Moriarty & Associates, as the general contractor.

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