Brickell

60-Story ‘Summit Brickell’ Gets FAA Clearance To Rise 765 Feet Above Ground

Summit Brickell, a planned mixed-use development at 1015 Southwest 1st Avenue in Miami’s Brickell neighborhood, has recently secured Federal Aviation Administration (FAA) approval. Filed on April 5 and swiftly approved on May 21, the tower is approved to rise 765 feet above ground or 769 feet above sea level at its highest point. Designed by Corwil Architects and developed by Lore Development Group—a joint venture between Brazilian billionaire Daniel Dantas’ Opportunity investment firm and Leste Group—the 60-story structure will encompass a total floor area ratio (FAR) of 717,740 square feet. It will feature 500 residential units, 1,583 square feet of commercial space, and 500 parking spaces.

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Foundation Permit Application Filed For One Twenty Brickell Residences At 120 SW 8th Street In Brickell, Miami

A foundation permit application has been filed for One Twenty Brickell Residences, a 34-story residential tower planned for construction at 120 Southwest 8th Street in Brickell, Miami. Designed by Sieger Suarez Architects with interiors by Cotofana Designs and developed by Property Markets Group (PMG), this new development will feature 240 fully furnished residences, each delivered with its own deeded office suite and over 60,000 square feet of amenities. The foundation permit application was filed with Miami-Dade County on April 30, with no contractor yet named.

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FAA Permits Issued For 39-Story Mixed-Use Tower At 128 SW 7th Street In Brickell, Miami

The Federal Aviation Administration (FAA) has issued permits for a 39-story mixed-use building planned at 128 Southwest 7th Street in Miami’s Brickell financial district. Designed by Gensler, developed by Focus Development Inc (Focus) and tentatively dubbed Miami Starlite, the development is projected to yield 685,710 square feet of space. This includes 517 residential units, 8,282 square feet of retail space, and indoor parking for over 500 vehicles. Focus acquired the site for $28 million in November 2022. Previously the location of Brickell’s former Starlite East Motel, the property is a thru-block site with frontage on Southwest 8th Street and bound by the AC Miami Hotel on the east and the City Heights apartment tower on the west.

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Miami-Dade County Reviewing Proposal For 23-Story Babylon Racquet Club At 240 SE 14th Street In Brickell, Miami

Bay Racket Club, LLC, led by William Jacome and Orlando Medellin, has submitted a pre-application for developing the Babylon Racquet Club, a 23-story mixed-use building planned at 240 Southeast 14th Street in Brickell, Miami. Positioned on a pie-shaped lot approximately 19,164 square feet (0.439 acres) in size, where SE 14th Street meets Brickell Bay Drive along Biscayne Bay, the project is designed to become downtown Miami’s premier racket sports and health/wellness center. The building aims to serve as a central recreational hub featuring indoor sports courts, a gym, a wellness center, dining facilities, hotel accommodations, and residential units. Rotterdam-based MVRDV is the design architect, with ODP Architecture & Design acting as the architect of record. The pre-application was filed on April 24 and is progressing through the approval process with Miami-Dade County.

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Forman Capital Funds $54.56 Million Construction Loan for Condominium-Hotel Development in Miami’s Financial District

Forman Capital, a private direct real estate lender based in Palm Beach County, Florida, provided a $54.56 million construction loan to the developer of a condominium-hotel project in Miami’s Brickell Financial District. The 12-story, 172-unit Domus Brickell Park, designed by Zyscovich Architects with Urban Robot Associates as the interior designer, will bring a new condo-hotel brand, Domus FLATS (Flexible Apartments for Temporary Stays), to the market and fill a void for flexible ownership product.

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