The Chetrit Group’s vision for the 6.2-acre Miami River may finally come to fruition after landing a loan to begin construction. The New York City-based developer was granted $310 million in financing from Madison Realty Capital for the first two phases of the 4.2 million-square-foot mega project in Brickell, which is comprised of building the first of four towers and the additions and improvements to the riverwalk. The deal was arranged by Henry Bodek of Galaxy Capital Group, and is collateralized by the land for the last three phases. Kobi Karp is the architect for development, which will ultimately yield 1,928 residential units, 330 hotel rooms, 196,882-square-feet of retail space, and 98,040-square-feet of office space across multiple glass-clad towers along with boat slips, an outdoor theater, a residents lounge, a business center, a state-of-the-art gym, a pool, and a café.
GT McDonald Enterprises
The Federal Aviation Administration (FAA) has approved both the 640-foot-tall tower proposed to rise at 275 Southwest 6th Street and the two 760-foot-tall tower cranes that will assist in the vertical construction of the structure. The applications pertain to the first tower of 54 stories at Chetrit Group’s Miami River project, a 4.2-million-square-foot mixed-use development located in West Brickell. Award-winning Miami-based architect Kobi Karp is leading the design for the river-facing complex, while G.T. McDonald Enterprises is listed as the general contractor.
The Federal Aviation Administration has received applications for two 765-foot-tall tower tower cranes at the site of Chetrit Group’s Miami Riverwalk Towers development. The filing occurred on September 20th, and corresponds to the vertical construction of a 54-story mixed-use tower that is planned to rise at 275 Southwest 6th Street. Designed by renown architect Kobi Karp, piling work is now underway for the first of what eventually will become four towers. The mega development is projected to yield 4.2 million-square-feet including 1,678 residential units, 330 hotel rooms, 196,882-square-feet of retail space, 98,040-square-feet of office space and 30-slip marina.
Activity has been spotted at the site of the Miami Riverwalk Towers mega development, a 4.2 million-square-foot multi-building mixed-used project planned for the western perimeters of Brickell, Miami. Designed by Kobi Karp and developed by CG Miami River LLC, lead by New York City’s Meyer Chetrit, the development is projected to yield 1,678 residential units, 330 hotel rooms, nearly 197,000 square feet of retail space, and just over 98,000 square feet of office space. The first of four towers may soon go vertical at 275 Southwest 6th Street, the northwestern section of the site, and rise 54 stories topping out at 643-feet.
GC Miami River, LLC, a subsidiary of New York City-based developer the Chetrit Group, has applied for new construction permits to build the first of four proposed towers for their 4.2 million square-foot Miami River development. According to the filing documents, the structure will rise to the height of 643-feet across 54-stories, yielding an astounding 1,177,448 square feet of space including 632 residences and 12,305 square feet of commercial space. Kobi Karp is the design architect with GT McDonald Enterprises managing construction.