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.
Ocean Dadeland, LLC, a joint venture partnership between Miami Lakes-based real estate investment firm Florida Value Partners (FVP) and Bay Harbor Islands-based Atlantic Pacific Companies (Atlantic Pacific), filed plans with Miami-Dade County to redevelop 1.02 acres of property at 9180 and 9200 South Dixie Highway in Dadeland. Designed by Coral Gables-based Corwil Architects with Witkin Hults + Partners as the landscape architect, plans call for two connected mixed-use towers of 20 and 25 stories that would collectively yield 780,703 square feet of space including 500 multifamily residential units, 4,851 square feet of ground floor retail, and 668 parking spaces. The towers would rise 318 and 280 feet and would be connected by a bridge designed to provide a free flow of light and air from east to west.
Miami City Commissioners unanimously approved an amendment to the Special Area Plan (SAP) for One Brickell City Centre, a 1,049-foot supertall commercial building planned for 700 Brickell Avenue in the heart of Miami’s Brickell Financial District. The vote allows for the expansion of One Brickell City Centre’s floor plates, which will set a new precedent as the largest floor plates ever approved in Miami. The floor plates will range from 40,000 square feet on the highest floors to 60,000 square feet on the lower floors. Designed by internationally renowned architecture firm Arquitectonica and developed in partnership between Hong Kong-based Swire Properties and New York City’s Related Companies, the 80-story tower will comprise 1.6 million square feet of Class A office space and is slated to become the tallest commercial building in Florida. Construction is expected to begin in early 2023.
As office leasing activity continues to show no signs of slowing down, Related Companies (Related), the New York-based developer behind the $25 billion Hudson Yards complex in Manhattan’s West Side, reveals plans for the largest office tower in West Palm Beach. The 25-story project, going by the name 515 Fern, is proposed to yield 471,000 square feet of space including 456,000 square feet of office space and 15,000 square feet of retail space to meet the area’s high demand. Addressed as 515 Fern Street in the Downtown corridor, the 374-foot-tall structure would become the tallest office building and the second-tallest building in the city. If approved, 515 Fern is expected to break ground sometime in 2023 and complete construction in 2025.
A new Class-A industrial park is headed for Doral, Florida. Some sources call it “Bridge Point Doral Distribution Center.” The venture, resting on 175 acres of “prime real estate,” will comprise 2.6 million square feet of new construction.