The Related Group and Miami-based real estate firm Metro1 have secured $72.8 million in construction financing from New York City’s Cerberus Capital Management to develop an upcoming mixed-use project dubbed Wynwood 29, a two-building development of 8 and 12 stories planned to yield a combined 248 dwelling units accompanied by 26,651 square feet of retail space and 372 parking spaces. The subject properties are addressed as 2828 Northwest 1st Avenue and 2819 Northwest 1st Avenue, encompassing two parcels of land between Northwest 28th and 29th Streets in the heart of the Wynwood Arts District in Miami. Arquitectonica is credited as the design architect for the development.
The City of Pompano Beach’s Planning and Zoning has received an application from Keith and Associates, Inc. on behalf of the Related Group for an Air Park Obstruction Permit to build a 243-foot-tall condo tower above sea level. This project is one we’ve covered before, which is planned to rise 21-stories and addressed as 900 North Ocean Boulevard intersecting with Northeast 10th Street and facing the Atlantic Ocean. The developer has selected world-class architectural firm Arquitectonica to design the 470,691-square-foot tower which should yield 119 dwelling units, 2,207 square feet of commercial space and 232 parking spaces.
The Related Group is preparing to drastically transform 5 acres of land along Tampa’s iconic Bayshore Boulevard and Hillsborough Bay water front via their Ritz-Carlton Residences Tampa project, a 27-story two-tower residential development + 12 townhome villas designed by world-class renown architect Arquitectonica featuring interiors by Meyers Davis Studio and landscaping by Enzo Enea. The subject property is currently addressed as 3105 Bay Oaks Court, bounded by Bayshore Boulevard to the east and Selmon Expressway to the west, with additional frontage along W. Santiago Street and W. Bay to Bay Blvd. The rise of the pair of skyscrapers will mark this as the first Ritz-Carlton-branded residences in Tampa as demand for luxury condos continues to pick up pace.
In recent times, the Related Group has been accelerating their expansion plans with the announcement of several new towers and developments as Miami’s next construction cycle begins. Back in January 2021, the developer submitted plans to the Urban Development Review Board for a project tentatively titled Miami Station, which as of this month is now projected to be a 39-story, 461-foot-tall mixed-use skyscraper designed by ODP Architecture & Design in the Overtown district of Downtown Miami…
If you’ve ever been to New York City, you’ve probably heard of the Baccarat Hotel, which is a five-star hotel located adjacent to Central Park. However, visitors won’t have to trek all the way to the Big Apple to stay at one of these hotels for long; Baccarat Hotel & Residences to coming to Miami, FL, in the second quarter of 2024.