Developers have released conceptual renderings of Parramore City Towers online, a mixed-use venture with a multi-million-dollar price tag. The project, which will reach completion in phases, will yield hotel rooms and 180 units––a mix of affordable housing and at-market homes.
St. Petersburg, Florida, will soon be home to a new mixed-use development. Orange Station at the EDGE will offer 50,000 square feet of prime office space, a 600-spot parking garage, and 14,000 square feet of ground-floor retail. But that’s not all.
Alchemy-ABR Investment Partners (Alchemy) a fully integrated New York-based real estate development and investment firm, announced the acquisition of 18 NW 23rd Street in Miami’s Wynwood Arts District. The 36,079-square-foot property was purchased by Alchemy for $18,000,000 in a deal that closed on September 29, 2022. The mixed-use site will be developed into a 12-story luxury residential building with 186 units, multiple retail spaces, and a parking garage. Local architects Arquitectonica and MKDA have been commissioned to design the building with construction commencing in 2024.
Alexan Westshore is a new mixed-use development that could start construction next summer. The multi-million-dollar venture would offer 388 multi-family units in a six-story building. In addition to about 9,400 square feet of retail, the venture also calls for a seven-story parking garage with 693 spots.
An October 5th filing at the Federal Aviation Administration (FAA) reveals Okan Tower, the 70-story mixed-use skyscraper planned for 555 North Miami Avenue in Downtown Miami, has gotten a slight height reduction. New building permit applications show the massive tower would rise 893 feet, or 906 feet above sea level, a decrease of 9 feet from the previously planned 902 feet and 915 feet above sea level. The tulip-inspired tower is designed by Behar Font & Partners for developer Okan Group. It will be anchored by Hilton Hotel & Residences and yield 399 residential units mixed between condos and condo-hotel units, a five-star resort-hotel with 316 rooms, 67,588 square feet of Class A office space, and nearly 3,000 square feet of retail/commercial space. Civic Construction is the project’s general contractor, located on the southeast corner of the intersection between North Miami Avenue and Northeast 6th Street.
