Downtown Miami

Miami-Dade County Releases New Details On MetroCenter, The Redevelopment Of 17-Acres In The Government Center District

8:00 am on August 11, 2022 By Oscar Nunez

Miami-Dade County has initiated a Request For Proposals to enter into a long-term public-private partnership to redevelop 17 contiguous acres of County-owed land within the 28-acre Government Center District in Downtown Miami. The bidding process opened this past Tuesday for the redevelopment project, which the county branded as MetroCenter, and the property comprises 11 primary sites spanning multiple blocks west of the Government Center Metrorail Station and east of the I-95 Expressway. The chosen Master Developer will have the opportunity to lead the development of up to 23.7 million square feet of space which could include anywhere between 6,000 to 8,500 residential units mixed between affordable and market rates, educational facilities, transportation advancements, cultural amenities and open spaces, commercial spaces, hospitality spaces, and retail establishments. These uses would be spread throughout multiple structures that could rise 550 to 770 feet, with the objective of creating a seamless, active, self-sustaining, urban neighborhood.

PMG And Greybrook Officially Launch The Elser Hotel & Residences In Downtown Miami

7:30 am on August 10, 2022 By Oscar Nunez

Property Markets Group (PMG) and Greybrook Realty Partners recently hosted an unveiling event to celebrate the launch of The Elser Hotel & Residences, a 49-story new construction luxury condominium tower at 398 Northeast 5th Street. Set in the heart of Downtown Miami with unobstructed views of Biscayne Bay, guests enjoyed a live band, experiential performances and endless champagne. Remarks were given by Ryan Shear, Managing Partner of PMG, and the PMG Residential sales team, Alejandra Castillo, Christian Tupper, Daiana Quiceno, Aura Aragon and Karine Carvalho. Designed by Sieger Suarez Architects with interior architecture and design by Cotofana Designs, The Elser Hotel & Residences will deliver the only new, fully furnished and move-in-ready residences to Downtown Miami this summer. The property will allow owners to enter a short-term rental program with daily rental options through The Elser Hotel & Residences Owners Program, managed by industry-leading management company Highgate.

Permits Filed For The Crosby Miami Worldcenter At 601 North Miami Avenue

8:00 am on August 5, 2022 By Oscar Nunez

New construction permits have been filed for The Crosby Miami Worldcenter, a 33-story residential building slated for the 27-acre Miami Worldcenter 10-block mixed-use complex in Park West, Downtown Miami. Designed by Cohen Freedman Encinosa & Associates and developed by Related Group and Merrimac Ventures under the DT G Block LLC, the 376-foot-tall will yield 450 fully finished and furnished condominium units spread across 387,355 square feet with interiors by AvroKO, as well as 3,370 square feet of general retail space. Beauchamp Construction Co., Inc. is the general contractor for the project, which is addressed as 601 North Miami Avenue.

Developers Secure $76 Million In Construction Funding For 37-Story District 225 In Downtown Miami

8:00 am on July 19, 2022 By Oscar Nunez

Related Group, along with ROVR Development and BH Group, have landed a hefty $76 million loan to begin construction on District 225, a 37-story Airbnb-branded condominium development planned for a 15,000-square-foot site at 225 North Miami Avenue in Downtown Miami. Construction funding came from New York-based lender Madison Realty Capital to build the 394-foot-tall tower, which was approved by city planners in April 2021. The project is designed by Sieger Suarez Architects with interiors by the Meshberg Group, and will include 343 fully-finished and furnished units – all of which are sold out. The construction of District 225 will be managed by Craft Construction Company LLC. according to pending permits, and is projected to completed in 2024.

Lions Group And Fortis Design + Build File Plans For 57-Story M Tower In Downtown Miami

8:00 am on July 18, 2022 By Oscar Nunez

On July 20, 2022, Miami’s Urban Development Review Board will consider proposals for M Tower, a 57-story mixed-use building planned for 56 Southwest 1st Street in Downtown Miami near the City’s Government Center. The applicants, Downtown 1st Street LLC, an affiliate of New York-based Lions Group NYC, and Miami-based Fortis Design + Build are proposing to improve the 1.046-acre property with a nearly 600-foot-tall mixed-use development consisting of a public parking garage for 694 vehicles and 10,531 square feet of ground floor commercial space, and a multifamily residential tower with 675 residential units. The project is designed by Nichols Architects with Naturalficial as the landscape architect, and Kimley-Horn is the civil engineer.

Helm Equities Reveals $300 Million Plan For Parterre 42, The First COOKFOX-Designed Tower In South Florida

8:00 am on July 14, 2022 By Oscar Nunez

Helm Equities, a progressive real estate development, investment and management organization based in New York City and affiliate of New York City-based JEMB Realty Corporation, recently announced plans for the $300 million development of Parterre 42, a 500,000-square-foot office and retail building in the heart of the Miami Design District. Designed by New York City’s award-winning COOKFOX Architects, experts in biophilic design, along with ODP Architecture & Design as the architect of record, Parterre 42 introduces Miami’s first seamless indoor-outdoor working experience. With more than 80,000 square feet of functional outdoor space dispersed across all floors of the building, providing both private terraces and shared outdoor experiences, overflowing with lush greenery, Parterre 42 will redefine what is possible in a Miami office experience.

PMG And Greybrook Shift 49-Story Downtown Miami Project To Condos And Short-Term Rentals, Launched As The Elser Hotel & Residences

8:00 am on July 9, 2022 By Oscar Nunez

National investment and development firm Property Markets Group and Toronto-based real estate private equity firm Greybrook have changed the programming for a newly completed 49-story project once known as Society Biscayne on the southwest corner of Biscayne Boulevard and Northeast 5th Street. The developers rebranded and launched the 571-foot-tall tower as The Elser Hotel & Residences and the property is now addressed as 398 Northeast 5th Street. The newly completed tower offers 646 fully furnished residences, over 19,000 square feet of curated amenities and 5,000 square feet of prime retail space. PMG Residential is the exclusive sales team for the property, with residences priced from the $600,000’s or the equivalent cryptocurrency exchange rate.

Foundation Work Underway For ‘NATIIVO’ At 601 NE 1st Avenue In Downtown Miami

8:00 am on July 31, 2021 By Oscar Nunez

Foundation work has continues at 601 Northeast 1st Avenue, the site of the 51-story NATIIVO in Downtown Miami. Designed by Arquitectonica and developed by Sixth Street Miami Partners LLC, a company owned by the Galbut Family, the development is planned to rise 588-feet and yield 932,859 square feet of residential, office, hotel and commercial spaces. Located just south of the Miami Worldcenter development, the site is bounded by Northeast 1st Avenue to the west, Northeast 6th Street to the south and Northeast 2nd Avenue to the east. Kast Construction is listed as the contractor for the job.

Nexus Riverside. Designed by NBWW Architects.

The Adler Group Moves Forward With Phase One Of The Redevelopment Of Miami’s Riverside Center

8:00 am on July 1, 2021 By Oscar Nunez

Miami-based developer Adler Group has made another stride forward with their plans to redevelop Miami’s Riverside Center, a 3-acre multi-building mixed use development located along the Miami River addressed as 230 Southwest 3rd Street and 444 Southwest 2nd Avenue. A deal was just recently inked with Miami-Dade County at the cost of $603,586.50 to connect the development to the city’s utilities. The deal will allow the connection for 430 residential units, 286,000 square feet of office space and a 14,000-square-foot full service restaurant. NBWW Architects is design architect for the project.

Swerdlow Group And Coastal Construction Break Ground On Block 55 At Sawyers Walk In Overtown, Miami

8:00 am on June 24, 2021 By Oscar Nunez

Coconut Grove-based developer Swerdlow Group, lead by Michael Swerdlow, has officially broken ground on Block 55, a massive 1.4 million square-foot mixed-use development located in Downtown Miami’s Overtown district. The structure will occupy an entire block bounded by NW 3rd Ave. and NW 2nd Ave. measuring nearly 150,000 square feet in total lot area, addressed as 249 Northwest 6th Street and rising right beside the northbound elevated Interstate 95. World-class design firm Arquitectonica is designing the building with Coastal Contruction as the general contractor.

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