In May 2021, Florida YIMBY reported on Shoma One, a residential complex featuring two high-rise towers. Now, our sources indicate that the developer, Shoma Group, has filed updated plans with Miami-Dade County officials.
On October 10, 2023, the Wynwood Design Review Committee will assess a waiver request for a 12-story mixed-use development at 18 Northwest 23rd Street. Designed by Arquitectonica with interiors by MKDA and developed by Alchemy-ABR-BCP Wynwood LLC (an affiliate of New York-based Alchemy-ABR Investment Partners), this structure will rise 178 feet, comprising 291,767 square feet. This space includes 158,309 square feet for residential purposes, distributed among 178 rental units, 12,852 square feet for indoor and outdoor amenities, 13,520 square feet for ground-floor retail, and 167 parking spaces. The project’s genesis traces back to Alchemy Properties’ acquisition of the 34,200-square-foot parking lot from The Salvation Army for $18 million in October 2022.
Urban Network Capital Group (UNCG), in collaboration with Vertical Developments, has acquired a land parcel in the Edgewater neighborhood of Miami’s urban core at 3618 Northeast 5th Avenue. The transaction closed for $13.5 million, with the previous owner being Hotelex Midtown LLC, an affiliate of Hotelex Group. The 4,725-square-foot parcel is zoned T6-24a-O, permitting a structure of up to 24 stories. The partnership between UNCG and Vertical Developments plans to develop a condo-hotel tower on the property; details have not yet been disclosed. Alfonso Jaramillo from Fortune International Realty represented the buyers in the deal.
In July 2022, Continua Group purchased a 1.3-acre parcel for $7.59 million. Now, it has proposed a residential venture that would require demolishing an already-existing office building. Meet its replacement: 1150 NoMi.
Highland Park Miami. A billion-dollar proposal slated for Miami-Dade County. Our sources indicate that if approved, the venture could offer 1,000 residential units, along with 150 hotel rooms and half-a-million square feet of medical office space.
