Downtown Miami

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.

New Rendering Showcases Okan Tower’s Tulip-Inspired Design, Set to Rise 70-Stories In Downtown Miami

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

A captivating new hero rendering has been unveiled for Okan Tower, a 70-story, tulip-shaped mixed-use tower set to become a landmark in Downtown Miami. Designed by Behar Font & Partners and developed by Okan Group, the 902-foot tall megaplex is located at 555 North Miami Avenue, at the crossroads of culture, entertainment, art, fine dining, and Miami’s waterfront. The development will include residences anchored by a Hilton Hotel, offering a range of exclusive amenities. Upon completion, Okan Tower will yield over 900,000 square feet of space, including a 316-key Hilton Miami Bayfront Hotel, 163 Sky Residences with owners-only amenities, 236 Short-Term Rental Residences powered by Hilton Hotels & Resorts, and 64,000 square feet of ‘Class A’ office space. The project, exclusively marketed and sold by Fortune Development Sales, is poised to become one of Miami’s tallest towers.

Terra Acquiring Former Miami Herald Site From Genting Group For $1.225 Billion, Plans Waterfront Transformation

8:00 am on May 2, 2023 By Oscar Nunez

SmartCity Miami LLC, an investment group led by Miami-based Terra and its CEO, David Martin, has finalized terms for acquiring a 15.5-acre development site on Biscayne Bay in Downtown Miami. The group will purchase the site, previously home to the Miami Herald newspaper offices, from its owner, Genting Group, for $1.225 billion. The site is the largest undeveloped waterfront property in Miami’s urban core, midway between Miami Beach and Miami International Airport. It offers over 800 feet of direct frontage along Biscayne Bay and is adjacent to Miami’s Museum Park, the Adrienne Arsht Center for the Performing Arts, and the Metromover transit system. The closing is set to take place later this year.

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

8:00 am on April 19, 2023 By Oscar Nunez

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.

EDEN Multifamily And The Dermot Company Unveil Plans For 46-Story Rental Tower In Downtown Miami

8:00 am on April 13, 2023 By Oscar Nunez

Developers EDEN Multifamily and The Dermot Company have unveiled plans for a residential rental tower in downtown Miami’s Park West District 11. This 46-story, 430-unit high-rise, designed by the renowned Kobi Karp Architects, will be the first collaboration between Miami-based EDEN and New York-based Dermot. Miami’s Urban Development Review Board is expected to review plans on April 19, 2023, and the project is scheduled to break ground in 2024.

The Julia Tops Off At 1625 Northwest 20th Street In Allapattah, Miami

8:00 am on April 12, 2023 By Oscar Nunez

Neology Life Development Group (Neology), led by Lissette Calderon, has officially topped off construction of “The Julia,” a 14-story, $100 million residential tower at 1625 Northwest 20th Street that will deliver 323 one- and two-bedroom apartments to Miami’s Allapattah neighborhood in downtown Miami in February 2024. The development, design, and construction team members, including JAXI Builders, Inc., Behar Font & Partners, interior designer designBAR, and landscape architect Witkin Hults + Partners, gathered on Friday, March 31, 2023, to commemorate the milestone in construction.

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