Brickell

Citadel Revealed As Buyer Of 2.5-Acre Development Site At 1201 Brickell Bay Drive In Miami

8:00 am on July 6, 2022 By Oscar Nunez

The buyer behind the last remaining prime water front development site in Brickell, 1201 Brickell Bay Drive, has been revealed to be Citadel, a multinational hedge fund and asset management company led by CEO Ken Griffin. The 2.5-acre site sold for a record-breaking $363 million back in April 2022, but the buyer’s identity was hidden behind a Chicago-based limited liability company. Miami-Dade County property records now show the site was sold by TWJ 1201 LLC, an entity linked to Tibor Hollo’s Florida East Coast Realty (FECR), to 1201 Brickell Bay LLC. Hollo paid $15,500,000 for the site nearly 22 years ago, yielding an approximate 2300% profit.

FAA Permits Filed For 44-Story LOFTY Brickell Tower At 99 SW 7th Street In Miami, $170 Million Construction Loan Secured

8:00 am on July 5, 2022 By Oscar Nunez

FAA building permits have been filed for LOFTY Brickell, a 44-story residential building planned for 99 Southwest 7th Street along the Miami River in Brickell, Miami. Designed by Arquitectonica with landscape architecture by Urban Robot Associates and interiors by INC for real estate developer Newgard Development Group (Newgard), the 574-foot-tall tower will ultimately contain 364 fully-finished residences in a variety of studio, one- and two-bedroom units, as well as 40,000 square feet of thoughtfully curated amenities. Newgard has also secured a loan valued at $170 million from 3650 REIT to begin construction at the site.

Swire Properties And Related Companies Unveil Florida’s Tallest And Largest Commercial Skyscraper For 700 Brickell Avenue

8:00 am on June 17, 2022 By Oscar Nunez

Miami-based Swire Properties Inc. (Swire), the U.S. real estate arm of the Hong-Kong listed multinational corporation Swire Group, and New York-based Related Companies (Related), the powerhouse developer behind Hudson Yards in Manhattan, have unveiled their official plans for One Brickell City Centre, an approximately 1,000-foot supertall commercial skyscraper proposed to replace an aging 10-story office building at 700 Brickell Avenue in Brickell, Miami’s Financial District. The project is designed by internationally renowned architecture firm Arquitectonica and is proposed to yield 1.6 million square feet of office space with the largest floor plates in Miami for a Class-A office building. If approved, One Brickell City Centre would become both the tallest and largest commercial building in Florida, representing the second phase of Swire’s 4.9-million-square-foot Brickell City Centre mixed-use complex.

JDS Development Group Lands $86 Million In Financing For 64-Story Mixed-Use Development At 1 Southside Park

8:00 am on June 15, 2022 By Oscar Nunez

New York and Miami real estate developer JDS Development Group (JDS) announced that it has secured an $86,000,000 acquisition and construction loan from New York-based Maxim Capital Group for 1 Southside Park, a two-towered 64-story block-sized mixed-use development underway in Brickell, Miami. This transformative project is designed by a world-class design team from SHoP Architects with ODP Architecture & Design as the architect of record, residential interiors by Krista Ninivaggi of Woods Baggot, hotel interior design by Rockwell Group and landscaping by James Corner Field Operations. 1 Southside Park will comprise 1,175 residential rental units, 190,000 square feet of premier office space, a 200-key Treehouse Hotel, 10,000 square feet of retail space, and 1,400 parking spaces.

PMG And Sentral Partner Up For Dual-Tower, 1.5-Million-Square-Foot Mixed-Use Development At 130 SW 8th Street In Brickell, Miami

8:00 am on June 13, 2022 By Oscar Nunez

National investment, development, and asset management firm Property Markets Group (PMG), and Sentral, the rapidly expanding prop-tech company creating the world’s largest flexible living community, announced a partnership to develop a two-phase, 803-unit multifamily community with more than 15,000 square feet of retail space in the heart of Miami’s Brickell neighborhood. The acquisition of the site at 130 Southwest 8th Street will mark Sentral and PMG’s first partnership, as well as Sentral’s first purpose-built development as part of the brand’s national expansion. Phase one includes a 550-foot-tall, 46-story tower with 570 units and will break ground in late 2022, with completion slated in late 2024. Phase two will include a 380-foot-tall, 31-story tower with 233 units.

The St. Regis Residences Miami Achieves $400 Million In Sales, Developers Launch ‘The William’ Tower

8:00 am on June 10, 2022 By Oscar Nunez

Premier developers Related Group (Related) and Integra Investments (Integra), along with leading brokerage ONE Sotheby’s International Realty, have officially begun sales on ‘The William’ tower at the highly anticipated two-towered St. Regis Residences Miami in Brickell. The 183-unit high-rise will immerse buyers in unmatched service and design, with amenities hand-curated by the world-renown St. Regis team, and architecture and interiors spearheaded by Robert A.M. Stern Architects (RAMSA) and Rockwell Group, respectively.

Full Site Plans And New Renderings Revealed For Brickell Gateway At 90 SW 8th Street

8:00 am on June 6, 2022 By Oscar Nunez

New York-based Gazit Horizons, the U.S. arm of Israel-based real estate developer Gazit Globe, has filed an application for a final Administrative Site Plan Review (ASPR) for Brickell Gateway, a 61-story mixed-use, pedestrian-oriented residential and commercial building planned for 90 Southwest 8th Street in Brickell. Miami-Dade County planners received plans for the development on June 3, 2022, which calls for a 746-foot-tall tower with 933,209 square feet of space including 504 multifamily residential units, 18,287 square feet of retail space at the ground levels, and internalized parking for 348 vehicles in the lower floors. The building is designed by Coral Gables-based Corwil Architects with Witkin Hults + Partners as the landscape architect and Kimley-Horn as the civil engineer.

First Look Inside JDS Development Group And Major Food Group’s Highly Anticipated Supertall MAJOR

8:00 am on May 26, 2022 By Oscar Nunez

JDS Development Group (JDS) and Major Food Group (MFG) unveiled the first detailed renderings of Major, the highly anticipated 90-story, 1,049-foot supertall residential and hospitality skyscraper destined to rise at 888 Brickell Avenue in Miami’s financial district. Designed by William Sofield of Studio Sofield with the guidance of ODP Architecture & Design as the architect of record, Major will feature 259 custom residences including one-to-four bedroom units and penthouses, approximately 115,000 square feet of amenities, and a robust collection of food and beverage offerings designed by Ken Fulk.

Demolition Permits Issued To Make Way For 44-Story LOFTY Brickell At 99 SW 7th Street In Miami

8:00 am on May 12, 2022 By Oscar Nunez

Full demolition permits have been issued by the City of Miami for the removal of a 20,000-square-foot structure located at 99 Southwest 7th Street, at the intersection with Southwest 1st Street and South Miami Avenue in Brickell. The property, which spans just over 70,000 square feet, sits on the southern riverbank of the Miami River with over 100-feet of water frontage and will soon undergo preparations for the development of LOFTY Brickell, a 44-story residential building designed by Arquitectonica with landscape architecture by Urban Robot Associates for Newgard Development Group (Newgard). The project is planned to comprise 364 fully-finished and furnished residences with curated interiors by INC and 40,000 square feet of amenities, licensed for sharing and short-term rentals, estimated to rise 481-feet.

Last Prime Waterfront Development Site In Brickell Where Two Supertalls Were Planned Sells For A Record-Breaking $363 Million

8:00 am on April 22, 2022 By Oscar Nunez

Florida East Coast Realty (FECR), the developer behind Miami’s current tallest skyscraper, the 85-story Panorama Tower, has sold the last remaining prime waterfront development site in Brickell for a record breaking $363 million to 1201 Brickell Bay LLC, managed by Randall Davis in Chicago. FECR, led by real estate visionary Tibor Hollo and his family, held ownership of the property since around October 2000, which according to city records was originally purchased for $15.5 million. The property is addressed as 1201 Brickell Bay Drive, a 2.5-acre site bound by Southeast 12th Street on the north and Brickell Bay Drive on the west intersecting Southeast 12th Terrace. In 2016, FECR along with Corigin Real Estate Group and McCourt Global properties, announced plans for two 1,049-foot supertall mixed-use towers with 660 units designed by Foster + Partners dubbed ‘The Tower by Foster + Partners’, but those plans were never realized.

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