Luxury

Mast Capital Purchases Prime 2.8-Acre Development Site In Brickell To Build Three Luxury Mixed-Use Towers

8:00 am on December 28, 2021 By Oscar Nunez

Miami-based developer Mast Capital has acquired the 2.8-acre vacant development site addressed as 1420 South Miami Avenue for $103 million from Rega Center Miami Holdings. The site is located on the southern edge of the Brickell Central Business District and represents one of the last remaining raw parcels of land available zoned for rapid transit-oriented high-density development in the area. The developer submitted site plans for a massive master-planned project yielding 2.6 million square feet across three soaring towers, including an 80-story luxury condominium tower with 400 residences, and two multifamily towers of 50 and 60 stories with a combined total of 850 luxury apartments. Mast Capital partnered with private equity real estate firm Rockpoint for the acquisition, the third joint venture between the two firms this year.

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Tavistock Development Plans Three 480-Foot-Tall Towers At Pier Sixty-Six In Fort Lauderdale

8:00 am on December 26, 2021 By Oscar Nunez

Orlando-based real estate developer Tavistock Development Company has revealed preliminary plans for three conceptual luxury high rises at Pier Sixty-Six in Fort Lauderdale. Designed by renown architecture firm Arquitectonica, the towers would rise 480-feet over the marina and Stranahan River – two south of the 17th Street causeway and one west of the Pier Sixty-Six Hotel; the additional towers would yield 130 units each, with four on each floor. Tavistock purchased the Pier Sixty-Six complex at 2301 Southeast 17th Street in 2016 for a cool $165 million, and is already redeveloping the areas surrounding the hotel with 76 new condo units across two buildings, 39 waterfront villas and 12 single-family homes – expected to reach completion by 2024.

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72nd & Park Proposed As A 21-Story Mixed-Use Building In North Beach, Miami Beach

8:00 am on December 25, 2021 By Oscar Nunez

Final plans have been submitted to the Design Review Board of the City of Miami Beach for 72nd & Park, a 21-story mixed-use building proposed to rise 233-feet in North Beach. Designed by Arquitectonica with Built Form as the architect of record and developed by KGTC LLC, the development is projected to yield 239,997 square feet of space including 270 residential units, of which 121 are microunits, over 40,000 square feet of amenities, 17,211 square feet of retail space and 326 parking spaces. The property is primarily addressed as 7145 Carlyle Avenue fronting North Shore Park along 72nd Street.

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Interior Demolition Permits Filed For 1809 Brickell Avenue, The Future Site Of The St. Regis Residences Miami

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

Interior demolition permits have been filed for a 17-story residential building located at 1809 Brickell Avenue in Brickell, Miami. Completed in 1966, the building is known as the Stanley Axelrod UTD Towers and spans 211,121 square feet of space across 272 dwelling units. Related Group is listed as the owner of the permit application, who is redeveloping the 137,702-square-foot site along with Integra Investments. A contractor has not been listed as of yet, but the approximate cost for the work is $50,000 to demolish 6,200 square feet of interior space.

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