Rio Marine Village could reach completion within the next two-and-a-half years. After being in the works for nearly 15 years, the venture will offer 192 residential townhomes and apartments, per TC Palm.
At the end of July, Miami’s City Commission voted 4 – 1 in favor of Miami Riverbridge, a three-towered, large-scale mixed-use mega project proposed as the redevelopment of a 4.2-acre city-owned site at 400 Southeast 2nd Avenue in the heart of Downtown Miami, where the Hyatt Regency Miami and James L. Knight Convention Center stand today. Estimated to cost approximately $1.5 billion, the project calls for three new towers, two of 61 stories and one 95-story supertall, which would contain over 1,500 residential units, a new flagship 615-key Hyatt Regency hotel and 264 branded serviced apartments, 190,000 square feet of Class A meeting and events space, commercial and retail spaces, over 1,000 parking spaces and 50,000 square feet of open public space including a 480-foot-long rejuvenated riverwalk. Miami Riverbridge is being developed between Hyatt Hotels Corp. and Gencom under the HRM Owner LLC, and is being designed by Arquitectonica. The project’s fate is now in the hands of city voters at the next referendum on November 8.
River Landing Shops & Residences, a 2.2 million-square-foot mixed-use development at 1400 Northwest North River Drive in Allapatah, has launched Capsule, an innovative retail space for emerging brands to showcase specialty hand-picked merchandise, providing access to amenities such as dressing rooms, WIFI, ambient music and private restrooms at an affordable cost with flexible lease terms. Capsule connects customers in the community with items they can’t find anywhere else. The unique brick-and-mortar platform offers brands a traditional retail environment while allowing shoppers to support local women-owned businesses offering diverse selections of curated fashion and home goods under one roof. The 4,000-square-foot space is home to 20 highly curated local businesses.
YIMBY spotted a new rendering of another potential large scale mixed-use project for an undeveloped site in Miami Worldcenter, better recognized as MWC Block A in Park West, Downtown Miami. 2.2-acres of this city block is under the ownership of Miami-based developer and investment firm Abbhi Capital, led by founder and managing partner Sankesh Abbhi, which was assembled by the firm under the Sanaproperty8 LLC between 2020 and 2021 for a total of approximately $44 million. The developer is reportedly planning a mixed-use project with multi-family, office, retail and hotel components, currently in the pre-construction and entitlement phases. The property allows for up to 2 million square feet of development, which would be incorporated into the 27-acre Miami Worldcenter complex.
A mixed-use project called “Oleta” could soon start construction in North Miami, Florida. The 5.5-acre build site (which used to host a PBS studio) is planned to offer 832 residential units and “a variety of attractive commercial spaces for the neighborhood,” per North Miami Florida.
