Commercial

Sumaida + Khurana, Bizzi & Partners To Begin Leasing And Construction On ‘The Fifth Miami Beach’ In The Coming Months

Sumaida + Khurana and Bizzi & Partners, two internationally recognized real estate development firms, announced it will begin leasing and construction in the coming months for their new Class A+ office building designed by renowned Spanish master architect Alberto Campo Baeza alongside Cube 3 as the architect of record named The Fifth Miami Beach. This will be the first commercial building in the United States and the first building in Miami designed by Baeza, who won Spain’s National Prize for Architecture last year. It will also be the first new commercial building to be built in Miami Beach’s South of Fifth neighborhood in more than 15 years, located at 411 Michigan Avenue between 4th and 5th Streets. This summer, less than one year after acquiring the 21,000-square-foot site, Sumaida + Khurana and Bizzi & Partners received unanimous design approval from the Historic Preservation Board of Miami.

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Alchemy ABR-Investment Partners Acquires Wynwood Development Site For 12-Story Luxury Residential Project

Alchemy-ABR Investment Partners (Alchemy) a fully integrated New York-based real estate development and investment firm, announced the acquisition of 18 NW 23rd Street in Miami’s Wynwood Arts District. The 36,079-square-foot property was purchased by Alchemy for $18,000,000 in a deal that closed on September 29, 2022. The mixed-use site will be developed into a 12-story luxury residential building with 186 units, multiple retail spaces, and a parking garage. Local architects Arquitectonica and MKDA have been commissioned to design the building with construction commencing in 2024.

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Okan Tower Gets Slight Height Reduction In New FAA Filing, Permits For Tower Cranes Filed

An October 5th filing at the Federal Aviation Administration (FAA) reveals Okan Tower, the 70-story mixed-use skyscraper planned for 555 North Miami Avenue in Downtown Miami, has gotten a slight height reduction. New building permit applications show the massive tower would rise 893 feet, or 906 feet above sea level, a decrease of 9 feet from the previously planned 902 feet and 915 feet above sea level. The tulip-inspired tower is designed by Behar Font & Partners for developer Okan Group. It will be anchored by Hilton Hotel & Residences and yield 399 residential units mixed between condos and condo-hotel units, a five-star resort-hotel with 316 rooms, 67,588 square feet of Class A office space, and nearly 3,000 square feet of retail/commercial space. Civic Construction is the project’s general contractor, located on the southeast corner of the intersection between North Miami Avenue and Northeast 6th Street.

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Fort Lauderdale’s DNA Towers Get Height Increase To 550 Feet In New FAA Building Permit Filings

The Federal Aviation Administration (FAA) received new applications for building permits to allow vertical construction for DNA Towers, a pair of mixed-use towers planned for 300 North Andrews Avenue at the border between Flagler Village and the Central Business District in Fort Lauderdale. According to the permit filings, the 40 and 45-story towers are now planned to rise 550 feet, or 555 feet above sea level, roughly 50 feet higher than the previous filing in May. Designed by Miami-based Seiger Suarez Architects with landscaping from EGS2 Corp and developed by Fort Lauderdale-based BH3 Management (BH3), the 1.4-million-square-foot development will comprise 612 residential units, roughly 60,000 square feet of experiential retail/commercial space, and a 7-story parking garage with 890 parking spaces.

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JDS Development Seeks General Site Development Plan Approval From County Planners For 81-Story Mixed-Use Supertall 888 Brickell

Miami-Dade County’s Department of Regulatory and Economic Resources will consider the general site development plan resubmitted for 888, an 81-story supertall mixed-use skyscraper propped for 888 Brickell Avenue in the heart of Miami’s Brickell Financial District. Designed by Studio Sofield with ODP Architecture & Design as the architect of record and solely developed by Michael Stern’s JDS Development Group, the 1,048-foot-tall structure is planned to provide 1,178,568 square feet of space including 259 residential units, 52,144 square feet of health/fitness, 38,727 square feet of food and beverage, and 273 parking spaces operated by a valet. The application is pursuant to Section 33C-15 of the County Code of Ordinances for the Property, filed on October 4, 2022. 

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