New York-based SHVO has secured unanimous approval from the Miami Beach Planning Board for developing The Alton at 1656-1680 Alton Road in the heart of Miami Beach. Designed by Pritzker Laureate Lord Norman Foster and the team at Foster + Partners, in collaboration with local architect Kobi Karp, the six-story biophilic building will comprise 170,000 rentable square feet of office space, 17,000 square feet of ground floor retail, and five luxury residences, all strategically located at the intersection of Alton Road and the iconic Lincoln Road shopping district.
Foster + Partners
New York-based real estate development and investment firm SHVO has secured unanimous approval for the revitalization of 407 Lincoln Road into a Class A ultra-luxury office property with an emphasis on high performance and sustainability. Just recently, the Historic Preservation Board reviewed plans for the redevelopment, led by Foster + Partners in collaboration with Kobi Karp Architects, with prominent members of the local community, including Howard Herring, President and Chief Executive Officer of New World Symphony; Lyle Stern, President of Koniver Stern Group; as well as the Miami Design Preservation League and Lincoln Road Business Improvement District, all expressing resounding support for the project.
Florida East Coast Realty (FECR), the developer behind Miami’s current tallest skyscraper, the 85-story Panorama Tower, has sold the last remaining prime waterfront development site in Brickell for a record breaking $363 million to 1201 Brickell Bay LLC, managed by Randall Davis in Chicago. FECR, led by real estate visionary Tibor Hollo and his family, held ownership of the property since around October 2000, which according to city records was originally purchased for $15.5 million. The property is addressed as 1201 Brickell Bay Drive, a 2.5-acre site bound by Southeast 12th Street on the north and Brickell Bay Drive on the west intersecting Southeast 12th Terrace. In 2016, FECR along with Corigin Real Estate Group and McCourt Global properties, announced plans for two 1,049-foot supertall mixed-use towers with 660 units designed by Foster + Partners dubbed ‘The Tower by Foster + Partners’, but those plans were never realized.
Safra National Bank is moving forward with their plans to develop 3050 Aventura, a 12-story office building slated for 3050 Northeast 199th Street in Aventura, Florida. The 200-foot-tall structure is designed by British architectural and engineering firm Foster + Partners with ODP Architecture & Design as the architect of record. The City of Aventura granted the bank approvals for the project, allowing for the redevelopment of the site that is currently improved with a 2-story building occupied by Safra. Plans for the new building call for the development of 113,650 square feet of office space along with two basement levels for parking.
In recent years, the city of Miami has seen an influx of proposals for supertall skyscrapers; this supertall is defined as a building reaching the height of 300 meters or greater, or a minimum of 984 feet. Various developers have put together elite teams of architects and engineers to bring the phenomenon to South Florida, yet as of today, none have been constructed. Skyscraper construction is no myth in the area as the city’s skyline is densely packed with hundreds of high rises, and perhaps even some that visually appear to come close to 300 meters, but a legitimate supertall has yet to come to fruition. This could be due to various factors, such as funding or engineering obstacles; maybe in the past the demand wasn’t there. But what we do know is that the FAA, the Federal Aviation Administration, has approved a handful of supertall skyscraper proposals. These are the most recently proposed and approved projects.