Miami Worldcenter

Related And Merrimac Secure $94.2 Million To Construct The Crosby At Miami Worldcenter

The Related Group and Merrimac Ventures have successfully secured a substantial $94.2 million in funding for the vertical construction of The Crosby, which is poised to add more density to the ongoing developments at Miami Worldcenter. The residential tower is set to ascend 33 stories high and is expected to top off at around 377 feet above ground, or 390 feet above sea level, according to building permits filed with the FAA in January. The Arkansas-based Bank OZK provided the loan to DT G Block LLC, a joint venture entity affiliated with the developers. Cohen Freedman Encinosa & Associates and AVRO|KO is in charge of the architectural design and interiors of the project, respectively. The Crosby, which broke ground earlier this year, is slated to offer 450 fully furnished, ready-to-rent residences and 3,370 square feet of retail space on the ground floor.

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Demolition Permits Filed For 1016 Northeast 2nd Avenue At Miami Worldcenter

Demolition permits are now in motion for a commercial building formerly serving as the sales center for Paramount Miami Worldcenter. Situated at 1016 Northeast 2nd Avenue, also recognized as the eastern parcel of Miami Worldcenter’s Block A, the demolition project encompasses removing a 26,946-square-foot structure, initially constructed in 1958 and expanded through 1981. The 90,827-square-foot property is poised for transformation. TNG MWC LLC, an affiliate of the New York-based Naftali Group (Naftali), is listed as the applicant of record, with plans to develop a 65-story mixed-use tower on the site.

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Renderings Surface For Naftali Group’s Planned 700-Foot Skyscraper At Miami Worldcenter Block A

Renderings have emerged for 1016 Northeast 2nd Avenue, a proposed 65-story mixed-use skyscraper within the eastern section of Miami Worldcenter Block A in downtown Miami. Designed by Arquitectonica with Kimley-Horn as the civil engineer and EDSA as the landscape architect and developed by Naftali Group, a global real estate development and investment firm based in New York, the 700-foot-tall structure would yield 1,288,063 square feet of space, including 786 residential units, nearly 36,000 square feet of amenities, 3,611 square feet of ground-floor retail space, and 591 parking spaces. The 1.02-acre site, flanked by Northeast 10th and 11th Streets to the south and north and Northeast 2nd Avenue to the east, is situated adjacent to the elevated platform of the Eleventh Street Metromover Station. The developer is currently pursuing approval for the project, which is set to be reviewed by Miami’s Urban Development Review Board (UDRB) on April 19, 2023.

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FAA Approves Height For Planned Towers At 700 North Miami Avenue In Miami Worldcenter

The Federal Aviation Administration (FAA) has given the green light for a significant mixed-use development project at 700 North Miami Avenue at Miami Worldcenter, the former site of the Miami Arena, and canceled Marriott Marquis Miami Worldcenter Hotel & Expo Center. Designed by Kobi Karp Architects with Kimley-Horn as the traffic engineer and developed by an affiliate of New York-based Witkoff Group and Chicago-based Monroe Capital, the development is planned to yield nearly 3.4 million square feet of space across three towers spanning as many as 57 stories.

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Related And Merrimac Break Ground On The Crosby At Miami Worldcenter

Related Group and Merrimac Ventures have officially broken ground on the Crosby Residences at Miami Worldcenter. Located at 601 North Miami Avenue, in the heart of Downtown Miami, the 33-story residential tower will offer 450 fully furnished, ready-to-rent homes purposely designed, constructed, and licensed to allow for seamless listing on all leading home share platforms (subject to applicable laws and restrictions). Designed by architects at Cohen Freedman Encinosa and interiors by AVRO|KO, The Crosby is scheduled to complete construction in the first quarter of 2025; Beauchamp Construction is the general contractor.

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