Site Acquired for 45-Story Residential Tower ‘First & Fifth’ at 49 NW 5th Street in Downtown Miami

Oak Row Equities has acquired 49 Northwest 5th Street in Downtown Miami, where it plans to develop First & Fifth, a 45-story multifamily tower. The site was purchased off-market for $38.5 million with seller financing and is located across from MiamiCentral Station, the hub for South Florida’s major train systems. The 700,000-square-foot tower is being designed by ODP Architecture & Design, drawing inspiration from Miami’s turn-of-the-century Venetian architecture while incorporating modern amenities. Colliers Executive Managing Director Mika Mattingly, Senior Associate Cecilia Estevez of the South Florida Urban Core Team, and Vincent Pastore of Pastore and Associates represented the seller in the transaction.

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New Tenants Coming To Downtown Miami’s Brightline MiamiCentral

Brightline MiamiCentral’s latest tenant signings within the downtown transportation hub are Brow & Beauty Bar and the AT&T Store at MiamiCentral. The two retail additions join Brooklyn Dumpling Shop among recently announced additions to the six-block transit-oriented development in the heart of Downtown Miami. All slated for 2024 openings collectively illustrate the continued demand for retail space in the “New Downtown Miami.”

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Notice Of Commencement Filed Where Two 83-Story Towers Are Planned At MiamiCentral

A notice of commencement has been filed by Florida East Coast Industries (FECI), the parent company of Brightline, indicating construction is set to begin at the site where two 83-story mixed-use towers are being planned. The scope of work involves the restructuring of the streetscape, re-aligning Northwest 1st Avenue directly south to Northwest 1st Street, demolishing the existing small park that breaks up the grid, and some sewer and plumbing work. Upon completing the realignment of the street, a new rectangular interior lot will be formed at 195 Northwest 2nd Street to make way for the 848-foot-tall south tower.

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3 MiamiCentral. Image courtesy of POMA Architectural Metals.

Uber Inks Lease At EQ Office’s 3 MiamiCentral In Downtown Miami

On August 10, 2021, ride-hailing technology company Uber announced the signing of a new lease for office spaces at 3 MiamiCentral, a 130,157-square-foot transit-oriented 12-story mixed-use building located in the Overtown district of Downtown Miami. The company will occupy 13,000 square feet of the 95,000 square feet that the Class A office component has to offer. Officially addressed as 161 Northwest 6th Street, the structure is designed by AECOM with Design2form as an architectural consultant and currently owned by EQ Office, a real estate investment company managed by New York City-based Blackstone.

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Detailed Massing Renderings Revealed For Two 848-Foot-Tall Towers At The MiamiCentral Complex

A new batch of detailed-massing and aerial renderings have been revealed for two new towers at the MiamiCentral complex, a 3-million-square-foot mixed-use railroad station development located primarily addressed as 600 Northwest 1st Avenue in the western perimeters of Downtown Miami. The renderings reveal in more detail two nearly identical 848-foot-tall primarily residential skyscrapers spanning 83-stories each, potentially addressed and referred to as One MiamiCentral, featuring designs by Borges + Associates Architects and developed by prominent developer Florida East Coast Industries, the parent company of Brightline.

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