The Federal Aviation Administration (FAA) has granted new approvals for 300 Biscayne Boulevard, the site of Miami’s upcoming first supertall skyscraper – the Waldorf Astoria Hotel and Residences, a 100-story mixed-use tower planned for Downtown Miami….
Ground breaking has yet to begin for E11EVEN Hotel & Residences, a 65-story residential and hospitality building anticipated to rise in the Park West neighborhood of Greater Downtown Miami. Located at 20 Northeast 11th Street between North Miami Avenue and Northeast 1st Avenue, the project is designed by Sieger Suarez Architects and is being developed by Miami and New York City-based Property Markets Group alongside E11EVEN Partners. Already recognized as one of the fastest selling developments in the past decade for Miami, the tower is planned to rise 698-feet yielding 375 fully-furnished residences, including a Penthouse collection and 2 Presidential suites.
The second tower originally proposed for Block G at Miami Worldcenter just might go vertical relatively soon. New construction permits initially fully approved in 2018 by the Department of Buildings were reactivated on September 1, 2021 for 697 North Miami Avenue, a 40-story mixed-use tower planned to rise 413-feet in the Park West neighborhood of Downtown Miami. Designed by CFE & Associates Architects and developed by Los Angeles-based CIM Group, the building is projecting to yield 473,330 square feet of new construction including 411 residential units and 4,103 square feet of ground floor retail.
Renderings have been unveiled for two new skyscrapers from KAR Properties in Downtown Miami tentatively known as MRP5 and MRP6. The images recently appeared on the developer’s website, referred to as ‘State-of-the-art’ towers; one with multifamily residential units and retail, and the other an office building. The unveiling of the two new towers corresponds with the announcement of the relaunch of One River Point luxury condominium complex back in May, mentioning two additional phases to be added to the project. MRP5 and MRP6 are expected to rise on land already owned by KAR Properties, possibly addressed as 82 Southwest 3rd Street and 50 Southwest 3rd Street.
The development site of an already approved 53-story mixed-use building planned for Downtown Miami was recently sold to a prominent New York City developer. The two parties in the transaction are the seller Downtown 56 LLC, an affiliate of S2 Development, and the buyer Downtown 1st Street LLC, an affiliate of Long Island-based Lions Group NYC. The 16,718-square-foot site traded hands for $10 million, and that includes the addresses 56 Southwest 1st Street and 65 Southwest 2nd Street, including the air rights to the adjacent city-owned parking structure at 70 Southwest 1st Street. Lions Group NYC intends to follow through with the existing plans for the new building.
