Leading global hospitality company Hyatt has teamed up with Miami-based luxury hospitality and residential developer Gencom to redevelop Downtown Miami’s iconic Hyatt Regency Miami at 400 Southeast 2nd Avenue, with the goal of making improvements in and out of the urban core, and activating a key piece of Miami’s riverfront. Designed by Miami-based Arquitectonica, plans for the site include three towers offering residents and hotel guests panoramic views of Downtown Miami and Biscayne Bay. Towers one and two would rise 61-stories and include 682 multifamily apartments, a 615-room Hyatt Regency with over 100,000 square feet of meeting space, and 264 serviced apartments; the towers would be linked at the top by a Skybridge featuring an upscale destination restaurant and lounge perched 700 feet over the city. Tower three would become one of the tallest buildings in South Florida rising 1,049-feet, anticipated to include 860 residential apartments.
JLL has been appointed as the leasing agent for the recently renovated, 34-story Citigroup Center, one of Downtown Miami’s landmark Class A office properties. Centrally located at 201 South Biscayne Boulevard, in the heart of the business district, Citigroup Center is and pleasant stroll from Miami Riverwalk and other green spaces along the waterfront. At 480 feet, it offers tenants spectacular unobstructed views stretching from adjacent Bayfront Park across the bay to Key Biscayne.
In the summer of 2021, the Miami Parking Authority (MPA) received an unsolicited proposal for the redevelopment of the College Station Garage at 190 Northeast 3rd Street in Downtown Miami. Following the unsolicited proposal, the MPA requested public bids for the site and received proposals from College Station Partners LLC, a joint venture between Miami-based developers Related Group (Related) and ROVR Development (ROVR), and from Terra International Services LLC, a joint venture between Terra Group (Terra) and Apollo Global Management (Apollo). Both ventures are proposing to build massive mixed-use projects, and as of January 19, 2022. the MPA has ranked the proposal from Related and ROVR as the top bid ahead of Terra and Apollo. The MPA will consider a 99-year land lease and development agreement for the replacement of 1,439-space garage, which was built in 1973 and stands 7-stories.
National developer Property Markets Group, along with partners Greybrook Realty Partners, Mohari Hospitality, S2 Development and global hospitality company Hilton have announced that the Waldorf Astoria Hotel & Residences, Florida’s upcoming first supertall skyscraper, has sold 72% of its residential inventory in just nine months. Designed by Sieger Suarez Architects in collaboration with renowned architect Carlos Ott and featuring interiors by award-winning interior design firm BAMO, the building will rise 100 stories and 1,049 feet above Downtown Miami and Biscayne Bay as the tallest residential and hotel building south of New York City, set to become a landmark beacon for the city and an architectural wonder in Florida. Located at 300 Biscayne Boulevard, the development will mark the debut of one of the world’s most iconic hospitality brands, Waldorf Astoria, in the Miami market.
The Related Group, one of South Florida’s most active condo developers, and Merrimac Ventures, led by the Motwani Brothers, have teamed up for the development of The Crosby, a 31-story residential tower announced to rise at 601 North Miami Avenue within the 27-acre Miami Worldcenter complex. The project is comprised of 450 fully furnished units ranging between 350 square feet to 825 square feet, configured in studio, one-bedroom and two bedroom floor plans; over 22,000 square feet of amenities and 4,000 square feet of ground floor commercial space. Residences at The Crosby will have no rental restrictions, meaning owners will have the option to offer their units as short-term rentals. Miami Lakes-based Cohen Freedman Encinosa & Associates, the architect behind the 43-story Caoba tower, is leading the design with New York City-based AvroKO named as the interior designer.