Miami

Coral Gables Experiences Boom In Transit-Oriented Construction Projects Near Douglas Road Metrorail Station

8:00 am on December 30, 2021 By Oscar Nunez

Miami’s Coral Gables neighborhood has been experiencing an uptick in active transit-oriented residential, office and mixed-use construction projects. Architectural designer and urban planner Aaron DeMayo recently photographed the area from above, capturing the immense amount of on-going construction and recently completed developments surrounding the Douglas Road Metrorail Station parallel to South Dixie Highway (US Highway 1) between Southwest 37th and 38th Avenues. Below are a number of relative major projects in the area varying in stages of construction, as well as a few that were recently completed.

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Mast Capital Purchases Prime 2.8-Acre Development Site In Brickell To Build Three Luxury Mixed-Use Towers

8:00 am on December 28, 2021 By Oscar Nunez

Miami-based developer Mast Capital has acquired the 2.8-acre vacant development site addressed as 1420 South Miami Avenue for $103 million from Rega Center Miami Holdings. The site is located on the southern edge of the Brickell Central Business District and represents one of the last remaining raw parcels of land available zoned for rapid transit-oriented high-density development in the area. The developer submitted site plans for a massive master-planned project yielding 2.6 million square feet across three soaring towers, including an 80-story luxury condominium tower with 400 residences, and two multifamily towers of 50 and 60 stories with a combined total of 850 luxury apartments. Mast Capital partnered with private equity real estate firm Rockpoint for the acquisition, the third joint venture between the two firms this year.

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Interior Demolition Permits Filed For 1809 Brickell Avenue, The Future Site Of The St. Regis Residences Miami

8:00 am on December 24, 2021 By Oscar Nunez

Interior demolition permits have been filed for a 17-story residential building located at 1809 Brickell Avenue in Brickell, Miami. Completed in 1966, the building is known as the Stanley Axelrod UTD Towers and spans 211,121 square feet of space across 272 dwelling units. Related Group is listed as the owner of the permit application, who is redeveloping the 137,702-square-foot site along with Integra Investments. A contractor has not been listed as of yet, but the approximate cost for the work is $50,000 to demolish 6,200 square feet of interior space.

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MV Real Estate Holdings And Driftwood Capital Announce Joint Venture On $185M Riverside Wharf Development In Downtown Miami

8:00 am on December 21, 2021 By Oscar Nunez

Miami-based Developer MV Real Estate Holdings (MVREH) and Coral Gables-based hospitality investment firm Driftwood Capital are pleased to announce Riverside Wharf, a $185 million – 200,000-square-foot hospitality-driven entertainment complex situated along the edges of the historic Miami River in Downtown Miami. Located at 114 Southwest North River Drive beside the I-95, the development is comprised of two 10-story towers that will offer a fully immersive Miami experience anchored by the highly amenitized 165-key Dream Miami luxury hotel by the internationally renowned Dream Hotel Group. The complex will represent the rebirth and expansion of existing The Wharf Miami, adding in 16,000 square feet of signature restaurants, a 12,000-square-foot event hall, a world-class 30,000-square-foot nightclub and rooftop day club, and a private marina capable of accommodating mega yachts.

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Construction Advances On Aria Reserve Sales Center; Permits Initiated For 649-Foot-Tall South Tower In Edgewater, Miami

8:00 am on December 19, 2021 By Oscar Nunez

YIMBY checked in on the progress of the sales center under construction at the development site for Melo Group’s upcoming Aria Reserve, a luxury residential project comprised of twin 62-story towers at 700 Northeast 24th Street in Edgewater, Miami. Designed by Miami-based Arquitectonica, both structures will rise 649-feet along Biscayne Bay and yield a combined 782 condominiums featuring interiors by MORADA Haute Furniture Boutique and landscaping by ArquitectonicaGEO. The sales center is being constructed at 725 Northeast 24th Street by the developer’s in-house contractor, Melo Contractors Corp, and should span 3,116 square feet upon completion. 

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