Commercial

Site And Soil Permits Filed For One Brickell Tower II At 77 SE 5th Street In Miami

Permits have been filed for site and soil improvements at 77 Southeast 5th Street, where Miami-based Related Group plans on building a 47-story tower residential tower with 506 apartments. Also know as One Brickell Tower II, the 478-foot-tall structure would be one of three to rise within the One Brickell mixed-use development fronting the Miami River. John Moriarty & Associates is listed as the contractor, and the scope of work is estimated to cost $1.5 million. Isley Barajas of the Related Group is listed as the owner/applicant for the permits, filed on August 9, 2022.

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Miami-Dade County Releases New Details On MetroCenter, The Redevelopment Of 17-Acres In The Government Center District

Miami-Dade County has initiated a Request For Proposals to enter into a long-term public-private partnership to redevelop 17 contiguous acres of County-owed land within the 28-acre Government Center District in Downtown Miami. The bidding process opened this past Tuesday for the redevelopment project, which the county branded as MetroCenter, and the property comprises 11 primary sites spanning multiple blocks west of the Government Center Metrorail Station and east of the I-95 Expressway. The chosen Master Developer will have the opportunity to lead the development of up to 23.7 million square feet of space which could include anywhere between 6,000 to 8,500 residential units mixed between affordable and market rates, educational facilities, transportation advancements, cultural amenities and open spaces, commercial spaces, hospitality spaces, and retail establishments. These uses would be spread throughout multiple structures that could rise 550 to 770 feet, with the objective of creating a seamless, active, self-sustaining, urban neighborhood.

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Shoma Group Completes Shoma Village Rental Community In Hialeah, Welcomes It’s First Residents

Miami-based developer Shoma Group completed it’s two-tower multifamily rental community at 445 Hialeah Drive in Hialeah known as  Shoma Village. They began welcoming in the first residents to brand new apartments on August 1, with leasing activities managed by KW Property Management & Consulting and the property managed by Shoma MGMT.  The development is comprised of two 8-story buildings with 304 residences in a mix of studios, one-, two- and three-bedrooms. 65% of units are already rented and the remaining inventory is expected to be fully leased by the end of summer. Shoma Village was designed by Kendall-based MSA Architects, and Suffolk Construction served as the general contractor along with KD Construction of Florida, LLC as the shell contractor.

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Related Group Acquires 6-Acre Assemblage In Tampa, Plans Mixed-Use Development With 1,079 Units Along Hillsborough River

Earlier this month, Miami-based real estate developer and acclaimed condo king Related Group purchased a 6-acre assemblage west of the Hillsborough River in Tampa for just over $55 million from Hillsborough River Realty Corp. The recently acquired assemblage comprises 4 parcels of land and includes a 2.19-acre site at 102 South Parker Street, a 1.83-acre site at 101 South Parker Street, a 1.75-acre site at 108 Cedar Avenue and a .53-acre site at 110 Keller Avenue, totaling 274,428 square feet of floor area. Related plans on transforming the property into a massive mixed-use development with multiple buildings and yielding 1,079 residential units, 32,760 square feet of retail space and as many as 10 boat slips. The property sits south of Related’s Arabelle Riverwalk apartment complex and across the river from Downtown Tampa.

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