In recent years, Miami has seen a dramatic shift towards the development of buildings that offer flexibility via short term rentals. Owners of these types of property are allowed to rent out their units free…
Denver-based real estate developer Aimco has released another rendering of a 60-story tower being planned for 640 Northeast 34th Street in Edgewater, Miami. The developer released the rendering on their website in conjunction with their 2021 fourth quarter earnings announcement. In November 2021, YIMBY had reported Aimco completed the purchase of a development assemblage in Edgewater beside their Hamilton On The Bay apartment tower that would permit for up to 1.1 million square feet of new construction. The 70,000-square foot site would ultimately give rise to two towers, based on the previously released renderings, with the Biscayne Bay-facing structure depicted in the new rendering rising as high as 646-feet, or 649-feet above sea level according to an FAA filing.
Integra Investments has an exciting venture planned for Miami, FL. The multi-million-dollar venture will yield multiple buildings delivering 380 residential units total. Construction began in 2021, with Integra Investments also operating as the general contractor.
Applications have been filed with the Federal Aviation Administration (FAA) seeking approvals for the construction of two towers at 1 Southside Park in Brickell, Miami. The buildings would rise 754-feet, or 766-feet above sea level, and 708-feet, or 720-feet above sea level, and would be located mainly along Southwest 2nd Avenue between Southwest 11th and 12th Streets near the western-most perimeters of the Brickell neighborhood. The project is being developed by New York City’s JDS Development Group and is designed by SHoP Architects, the duo behind Brooklyn’s first supertall – the 1,066-foot-tall The Brooklyn Tower, and the world’s most slender supertall skyscraper, the 1,428-foot-tall 111 West 57th Street. 1 Southside Park is projected to yield nearly 1,200 residential units, approximately 200,000 square feet of Class-A office space, 23,312 square feet of restaurant space, 1,417 square feet for a fast-food restaurant, a 189-room Treehouse Hotel operated by SH Hotels & Resorts, a 32,000-square-foot fire house and 1,000 parking spaces.
In the summer of 2021, the Miami Parking Authority (MPA) received an unsolicited proposal for the redevelopment of the College Station Garage at 190 Northeast 3rd Street in Downtown Miami. Following the unsolicited proposal, the MPA requested public bids for the site and received proposals from College Station Partners LLC, a joint venture between Miami-based developers Related Group (Related) and ROVR Development (ROVR), and from Terra International Services LLC, a joint venture between Terra Group (Terra) and Apollo Global Management (Apollo). Both ventures are proposing to build massive mixed-use projects, and as of January 19, 2022. the MPA has ranked the proposal from Related and ROVR as the top bid ahead of Terra and Apollo. The MPA will consider a 99-year land lease and development agreement for the replacement of 1,439-space garage, which was built in 1973 and stands 7-stories.
