Downtown Miami

The Crosby At Miami Worldcenter Gets Permit For Vertical Construction

8:00 am on August 18, 2023 By Oscar Nunez

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.

Mat Foundation Pour Completed For 501First Residences In Downtown Miami

8:00 am on July 24, 2023 By Oscar Nunez

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.

Miami City Commission Unanimously Approves Lease Agreement for Hyatt and Gencom’s ‘Miami Riverbridge’ Development

8:00 am on July 14, 2023 By Oscar Nunez

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.

Foundation Pour Completed at E11EVEN Hotel & Residences’ First Phase

8:00 am on July 4, 2023 By Oscar Nunez

On June 23, E11EVEN Hotel & Residences achieved a significant milestone in its construction by completing an impressive foundation pour. Developed by E11EVEN Partners and Property Markets Group, this luxury dual-tower project in Downtown Miami continues to make remarkable progress. Led by general contractor John Moriarty & Associates, the foundation pour was a remarkable feat, made possible by the collaborative efforts of several companies. Fly & Form, Cemex, West Wind, and Florida Concrete Unlimited played pivotal roles in completing the concrete pour. Working in harmony, these companies contributed their expertise and resources to ensure the precise and efficient delivery of concrete, laying a solid foundation for this ambitious development. Over 16 hours, an astounding 6,700 cubic yards of concrete were poured, a testament to the dedication and skill of all involved. This achievement marks a significant step forward in the realization of E11EVEN Hotel & Residences, promising an exceptional addition to the vibrant landscape of Downtown Miami.

Construction Tops Off At Block 55 In Downtown Miami’s Sawyer’s Walk

8:00 am on June 27, 2023 By Oscar Nunez

Coastal Construction Group has achieved a significant milestone at Block 55 in downtown Miami’s Sawyer’s Walk development. This 18-story mixed-use project, designed by Arquitectonica and dedicated to affordable housing for low-income seniors, has reached its top floor. On Thursday, June 15, the traditional topping-off ceremony was commemorated at the 249 Northwest 6th Street project site. The celebration included a range of festivities, including a raffle, prizes, music, and a luncheon for the entire project team.

Lucid Motors Opens 23,000-Square-Foot Location At Miami Worldcenter

8:00 am on June 24, 2023 By Oscar Nunez

Luxury electric vehicle manufacturer, Lucid Motors, has opened its newest facility at Miami Worldcenter, a transformative mixed-use development in Downtown Miami. The location, spanning nearly 23,000 square feet, features a Lucid Studio where customers can experience the brand’s luxury electric vehicles, including the award-winning Lucid Air sedan. Operating from Monday to Friday, 11:00 a.m. to 7:00 p.m., and on weekends with adjusted hours, the facility also serves as a service and delivery center for the Lucid Air. Lucid’s Miami Worldcenter location offers an immersive environment that showcases the company’s distinctive design aesthetic.

Concord Summit Capital Closes $12 Million Loan For Downtown Miami Development Site, Paving Way For 52-Story Tower With 545 Multifamily Units

8:00 am on June 11, 2023 By Oscar Nunez

Concord Summit Capital, LLC (“Concord Summit”) has arranged a $12 million bridge loan for an infill property in Downtown Miami. Managing Director Justin Neelis and Associate Keegan Burger of Concord Summit’s Miami office sourced and advised the loan. The bridge loan is intended to refinance the existing mortgage and provide predevelopment funds for the sponsor, Bluetrich Holdings, Inc (BHI). BHI plans to utilize these funds to realize its vision for the property, a 0.55-acre parking lot acquired in 2021 for $18 million. The site at 130 Southeast 1st Street benefits from the highest density zoning allowed, presenting a significant development opportunity.

First Renderings Revealed For Hilton Hotel Planned At Okan Tower In Downtown Miami

8:00 am on May 30, 2023 By Oscar Nunez

In an anticipated unveiling, Okan Tower, the up-and-coming mixed-use titan set to redefine Downtown Miami’s skyline’s contours, recently showcased its first imagery of its Hilton Hotel. Presented through the lens of the impressive lobby entrance, the reception locale, and the cosmopolitan lobby bar, the distinguished design, an artistic achievement of esteemed interior designer Adil Tunca, captures the viewer’s attention with its expansive and stunning vistas of the pulsating Downtown Miami and the picturesque Biscayne Bay.

New Renderings Emerge of Hyatt And Gencom’s Planned Miami Riverbridge Development In Downtown Miami

8:00 am on May 23, 2023 By Oscar Nunez

New renderings have surfaced for Miami Riverbridge, an ambitious, three-tower mixed-use venture designed by Arquitectonica to redefine Downtown Miami at 400 Southeast 2nd Avenue. The colossal development will rise from the grounds of the existing Hyatt Regency Miami and James L. Knight Convention Center, making way for a new era in Miami’s real estate landscape. Hyatt Hotel Corporation and Gencom are the developers.

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

8:00 am on May 16, 2023 By Oscar Nunez

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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