Commercial

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

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

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.

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

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

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.

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

8:00 am on October 7, 2022 By Oscar Nunez

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.

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

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

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.

Black Lion Acquires Only Restaurant Space at Zaha Hadid’s One Thousand Museum for $6.4M

7:30 am on September 30, 2022 By Oscar Nunez

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.

Two Connected Transit-Oriented Mixed-Use Towers Proposed For 9180 & 9200 S. Dixie Highway In Dadeland, Florida

8:00 am on September 28, 2022 By Oscar Nunez

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.

Supertall One Brickell City Centre Gets Unanimous Approval From Miami City Commissioners

8:00 am on September 26, 2022 By Oscar Nunez

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.

Hudson Yards Developer Proposes Largest And Tallest Office Building In West Palm Beach

8:00 am on September 25, 2022 By Oscar Nunez

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.

Bridge Point Doral Distribution Center Planned for Doral, Florida

7:00 am on September 23, 2022 By Colt Dodd

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.

Developers Unveil Plans For $1B Southland Mall Redevelopment In Cutler Bay, Miami-Dade County

8:00 am on September 22, 2022 By Oscar Nunez

Electra America, a real estate private equity firm, along with its U.S.-affiliate, American Landmark, and BH Group, a Miami-based private real estate investment, and development firm, has unveiled preliminary plans for the redevelopment and revitalization of the Southland Mall in Cutler Bay, located at 20505 South Dixie Highway, approximately 20 miles south of downtown Miami. The 80-acre, $1 billion redevelopment will be one of the most significant projects of its kind in the Southeast and be called Southplace City Center, designed and master planned by MSA Architects Inc. with Insite Studio as the landscape architect, Kimley Horn as the civil/traffic engineer, CPH for retail consulting, and Florida Economic Advisors for economic consulting.

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