The acquisition of a $424 million construction loan will make completing Rivage Residences in Miami-Dade County possible. Florida YIMBY first reported on this luxury high-rise in early 2023.
The Rosewood Residences Lido Beach has topped out in Sarasota County. Florida YIMBY first reported on this venture in June 2022. The 11-story tower will feature 65 three-bedroom and four-bedroom units.
Miami’s Building Department has recently issued a construction permit for The Crosby, an upcoming 33-story mixed-use building located within Miami Worldcenter at 601 North Miami Avenue in downtown Miami. Designed by Cohen Freedman Encinosa & Associates Architects with interiors envisioned by AvroKO and developed by DT G Block LLC, a joint venture between Related Group and Merrimac Ventures, the 377-foot-tall structure will encompass 450 condominium units, accommodating short-term rentals, along with more than 22,000 square feet of amenities, a rooftop bar and restaurant, and 3,370 square feet of retail space. Notably, the development will omit parking facilities. Beauchamp Construction serves as the general contractor.
The mat foundation is now complete for 501First Residences, a 40-story residential tower at 501 Northeast 1st Avenue in the vibrant heart of Downtown Miami, developed by Aria Development Group and AQARAT. The successful execution of this momentous milestone was a collaborative effort involving general contractor Beauchamp Construction, alongside the project’s shell contractor, JGR Construction, concrete contractor, US American Concrete, and concrete materials from Titan America. This tremendous endeavor spanned an impressive 10 hours, commencing on Friday, June 30, at midnight. A continuous rotation of 170 cement trucks meticulously laid an astounding 1,700 cubic yards of concrete, signifying an exhilarating advancement in the construction progress.
In a 5-0 vote at the Miami City Commission, the lease agreement between the City and the joint venture led by Hyatt and Gencom has been unanimously approved. This decision marks a significant milestone in advancing the visionary Miami Riverbridge development, setting the stage for revitalizing Downtown Miami’s riverfront area. The approved lease agreement paves the way for collaborative efforts between Hyatt and Gencom to enhance access, promote walkability, and introduce diverse offerings to the vibrant city. With this crucial endorsement, the joint venture can now proceed with finalizing the construction plans in close partnership with the City.
