Downtown Miami

New Tower Crane Permits Submitted to FAA for Waldorf Astoria Hotel & Residences Supertall Site in Miami

8:00 am on November 10, 2024 By Oscar Nunez

Permits for additional tower crane heights have been filed with the Federal Aviation Administration (FAA) for the Waldorf Astoria Hotel & Residences in Downtown Miami. Located at 300 Biscayne Boulevard (alternatively addressed as 249 Northeast 3rd Street), the 100-story tower has two active Maxim cranes installed on-site, initially requested to rise to 1,255 feet above ground level (1,266 feet above sea level) but approved at heights of 955 feet above ground (966 feet above sea level). The latest permits, submitted on October 25, 2024, seek approval to extend these cranes to 1,214 and 1,225 feet (or 1,238 and 1,249 feet above sea level), allowing the construction team to continue building upwards to the tower’s final planned height of 1,049 feet.

JEM Sky Villas with Interiors by FENDI Casa Unveiled at JEM Private Residences in Downtown Miami

8:00 am on October 18, 2024 By Oscar Nunez

Naftali Group has unveiled two luxury penthouses, JEM Sky Villas, with interiors designed by the renowned Italian brand FENDI Casa. Positioned at the top of the 67-story JEM Private Residences, these units showcase FENDI Casa’s signature design collections. Rising over 700 feet at 1016 Northeast 2nd Avenue in Miami Worldcenter, JEM Private Residences is designed by Arquitectonica and Rockwell Group.

Construction Progresses on 70-Story Okan Tower at 555 N. Miami Avenue in Downtown Miami

8:00 am on August 18, 2024 By Oscar Nunez

Construction continues to advance on Okan Tower, a 70-story mixed-use building under development at 555 North Miami Avenue in Downtown Miami. Designed by Behar Font & Partners and developed by Okan Group, the 902-foot-tall, 914,124-square-foot structure will include 399 residences, a 316-key hotel, 64,000 square feet of Class A office space, and a range of indoor and outdoor amenities. The tower is being constructed on a 0.86-acre corner plot bordered by North Miami Avenue to the west and Northeast 6th Street to the north. Witkin Hults + Partners serves as the landscape architect.

M-Tower Gets Residential Density Boost With New Utilities Agreement

8:00 am on August 7, 2024 By Oscar Nunez

Miami Dade’s Water and Sewer Department has agreed to provide utilities for additional units beyond what was originally planned for M-Tower, a 57-story residential building planned at 56 Southwest 1st Street in downtown Miami. The revised utility agreement, recorded in early July, now states the development will include 765 apartments, 4,708 square feet of retail, and 5,000 square feet of a full-service restaurant.

FAA Approves Permits for 57-Story ‘M-Tower’ at 56 SW 1st Street in Downtown Miami

8:00 am on July 5, 2024 By Oscar Nunez

The Federal Aviation Administration (FAA) has approved permits for M-Tower, a mixed-use development planned for downtown Miami. The permits allow for a structure to reach 605 feet above ground or 615 feet above mean sea level. These permits were approved on July 2, 2024, and will expire on January 1, 2026.

Total Demolition Permit Issued for 19-Story Building at One Bayfront Plaza Supertall Site

8:00 am on June 27, 2024 By Oscar Nunez

Miami’s Building Department has issued a total demolition permit for the One Bayfront Plaza site at 100 South Biscayne Boulevard, marking the first step towards developing a new supertall tower in downtown Miami. The permit, approved on March 27, was finally issued on June 25.

Waldorf Astoria Hotel & Residences Secures Record-Breaking Construction Loan and Reaches Major Milestone in Downtown Miami

8:00 am on June 23, 2024 By Oscar Nunez

The Waldorf Astoria Hotel & Residences, a nearly 100-story luxury tower set to rise at 300 Biscayne Boulevard in Downtown Miami, has secured a historic $668 million construction loan, the largest ever for a residential condominium development in Florida. The project, developed by PMG, Greybrook, Mohari Hospitality, S2 Development, and Hilton, achieved this financing milestone with Bank OZK and Related Fund Management providing the funds.

Miami Riverbridge Gains Unanimous Approval from City of Miami Urban Development Review Board

8:00 am on June 22, 2024 By Oscar Nunez

The redevelopment plans for Downtown Miami’s Hyatt Regency site have received unanimous approval from the City of Miami Urban Development Review Board. The updated project plans for Miami Riverbridge, presented by Hyatt Hotels Corporation and Miami’s Gencom under HRM Owner, LLC, were approved without any conditions at the board hearing. Construction is expected to begin in 2026, with an anticipated opening in 2030.

Three-Tower Development ‘Miami Riverbridge’ in Downtown Miami Submitted for UDRB Review

8:00 am on June 20, 2024 By Oscar Nunez

Hyatt Hotels Corporation and Miami’s Gencom, under the HRM Owner, LLC, have submitted plans for Miami Riverbridge to the City of Miami’s Urban Development Review Board (UDRB). The proposed development, located at 298, 300, 330, and 400 SE 2 Avenue, aims to transform the current site of the James L. Knight Center, the Miami Convention Center, the Miami Conference Center, and the Hyatt Regency Hotel into a cohesive mixed-use complex.

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

8:00 am on June 18, 2024 By Oscar Nunez

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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