Brickell

75-Story Baccarat Residences Miami Will Begin Vertical Construction This Fall

Vertical construction is expected to begin this fall for Baccarat Residences Miami, a 75-story luxury condominium tower planned for 99 Southeast 5th Street in Brickell, Miami’s Financial District. Designed by Miami-based international architecture firm Arquitectonica and developed by Related Group in collaboration with French luxury brand and fine crystal manufacturer Baccarat, the 848-foot-tall superstructure will yield approximately 806,326 square feet of space including 318 condominium residences, 8 penthouses, 28 riverfront flats and duplexes, 73,000 square feet of amenities and a 10,000-square-foot waterfront ground floor restaurant. New York City-based Meyer Davis is handling interiors and Enzo Enea is the landscape architect. John Moriarty and Associates of Florida Inc. is the general contractor.

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FAA Building Permits Filed For 897-Foot-Tall And 848-Foot-Tall Structures At Baccarat Site In Brickell

Applications for building permits have been submitted to the Federal Aviation Administration (FAA) for two structures at Related Group’s 3.9-acre development site in Brickell, Miami, where the developer plans the One Brickell waterfront-facing mixed-use complex with as many as three towers. The first set of permits reveal a filing for an 897-foot-tall structure, or 901-feet above sea level, specifically at 444 Brickell Avenue. A second set of permits were filed for an 848-foot-tall structure, or 852-feet above sea level, around the northwest corner of the site which is likely 99 Southeast 5th Street. Both permit applications were created and filed on July 15, 2022 and are now under review by the FAA.

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Mast Capital Gets FAA Approval For 940-Foot-Tall Cipriani Residences And 693-Foot-Tall Multifamily Towers At 1420 S. Miami Avenue In Brickell

Miami-based Mast Capital received building permit approvals from the Federal Aviation Administration for two structures located at 1420 South Miami Avenue in Brickell, where the firm is planning a 2.6-million-square-foot mixed-use development with three towers across a 2.76-acre site. The tallest structure, the 80-story condominium dubbed Cipriani Residences, will rise 940-feet, or 950-feet above sea level. The second structure, a 59-story apartment tower, will top out at 693-feet, or 710-feet above sea level. Aeronautical studies conducted by the FAA revealed neither of the two structures would have any adverse effects on the navigable airspace.

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Sidley Austin Signs 60,000-Square-Foot Lease At 830 Brickell In Miami’s Financial District

Sidley Austin LLP, an international law firm with almost $3 billion in revenue and 20 offices worldwide, has confirmed that it is opening its 21st office in Miami. Sidley will join the growing roster of world-leading professional services firms and other companies at 830 Brickell, the new 55-story Class-A+ office tower nearing completion in Miami’s Brickell Financial District. Sidley signed a three-floor, 60,000 square-foot lease at the 55-story tower, marking the largest new-to-market office lease signed in the city’s urban core this year. The building, developed in partnership by OKO Group and Cain International, is the first stand-alone Class A+ office tower to be built in Miami’s Brickell Financial District in over a decade and is nearly 70 percent leased ahead of its late-2022 completion.

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

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.

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