Downtown Miami

Site Acquired for 45-Story Residential Tower ‘First & Fifth’ at 49 NW 5th Street in Downtown Miami

8:00 am on June 18, 2024 By Oscar Nunez

Oak Row Equities has acquired 49 Northwest 5th Street in Downtown Miami, where it plans to develop First & Fifth, a 45-story multifamily tower. The site was purchased off-market for $38.5 million with seller financing and is located across from MiamiCentral Station, the hub for South Florida’s major train systems. The 700,000-square-foot tower is being designed by ODP Architecture & Design, drawing inspiration from Miami’s turn-of-the-century Venetian architecture while incorporating modern amenities. Colliers Executive Managing Director Mika Mattingly, Senior Associate Cecilia Estevez of the South Florida Urban Core Team, and Vincent Pastore of Pastore and Associates represented the seller in the transaction.

Dewatering And Tree Permit Applications Filed For Three-Tower Development At 700 N. Miami Avenue In Miami Worldcenter

8:00 am on May 29, 2024 By Oscar Nunez

Dewatering and tree permit applications have been filed for 700 North Miami Avenue, a massive three-tower mixed-use development planned by Witkoff Group and Monroe Capital at Miami Worldcenter in Downtown Miami. Designed by Kobi Karp, the project will entail over 3 million square feet of space, including 2,350 residential units, over 30,000 square feet of ground-floor retail, and 1,924 parking spaces distributed across three towers. The project is advancing through the construction permitting process, with several new permits recently submitted – signaling that foundation work could commence soon for the former Miami Arena site.

New Renderings Revealed For Okan Tower At 555 North Miami Avenue In Downtown Miami

8:00 am on April 27, 2024 By Oscar Nunez

New renderings have been revealed for Okan Tower, a 70-story mixed-use building under construction at 555 North Miami Avenue in Downtown Miami. Designed by Behar Font & Partners and developed by Okan Group, the 902-foot-tall, 914,124-square-foot structure will yield 399 residences, a 316-key hotel, along with 64,000 square feet of ‘Class A’ office space., and indoor and outdoor amenities. Witkin Hults + Partners is the landscape architect for the project, which is located on a 0.86-acre corner plot bound by North Miami Avenue to the west and Northeast 6th Street to the north.

Okan Tower Prepares for Massive 1,200 Truck Concrete Foundation Pour In Downtown Miami

8:00 am on March 28, 2024 By Oscar Nunez

A team of 300 workers, operating in three shifts and utilizing 1,200 concrete trucks, is set to pour the foundation for Okan Tower, a forthcoming 70-story highrise development at 555 North Miami Avenue developed by Okan Group. Positioned to be a new landmark in Downtown Miami’s skyline, the tower is expected to reach 902 feet, making it one of the city’s tallest buildings upon completion in 2027. Okan Tower’s distinct architectural design aims to contribute a defining feature to Miami’s cityscape.

New Renderings And Phased Plans Unveiled For Trio Of Towers At ‘Miami Riverbridge’, Including 87-Story Supertall, in Downtown Miami

8:00 am on March 2, 2024 By Oscar Nunez

Updated renderings and phased plans have been unveiled for Miami Riverbridge, a three-tower mixed-use development designed by Arquitectonica and developed by Hyatt Hotels Corporation and Miami’s Gencom set to redefine the 4-acre site at 400 Southeast 2nd Avenue along the Miami River. With a review by the Miami River Commission scheduled for March 4, this visionary project has captured the city’s imagination, signaling a major transformation for downtown Miami. Following a resounding endorsement from city voters in November 2022 for a lease amendment and development agreement for the property, the developers aim to breathe new life into the site, replacing the existing 615-room Hyatt Regency Miami hotel and the 4,500-seat James L. Knight Center dating back to 1982.

‘Villa One Tequila Gardens’ To Occupy 12,294-Square-Foot Rooftop Space At Miami Worldcenter’s ‘Jewel Box’

8:00 am on February 15, 2024 By Oscar Nunez

Miami is poised to further cement its reputation as an international hub for culinary innovation and vibrant nightlife by introducing Villa One Tequila Gardens at Miami Worldcenter, the $6 billion mixed-use behemoth revitalizing the city’s urban core. Co-founded by Nick Jonas and menswear designer John Varvatos, Villa One Tequila promises to bring Mexico’s finest tequila and mezcal offerings to the heart of Downtown Miami, coupled with Baja-style Mexican cuisine, creating an exotic escape for locals and visitors alike.

Merrimac Ventures & Aria Development Group Secure $95M Construction Loan For 600 Miami Worldcenter Condominium In Downtown Miami

8:00 am on February 6, 2024 By Oscar Nunez

A joint venture between South Florida-based developers Merrimac Ventures and Aria Development Group is preparing to break ground on 600 Miami Worldcenter, a 32-story condominium tower set within Downtown Miami’s Miami Worldcenter 27-acre mixed-use development, which will deliver 606 fully furnished units with no restrictions on short-term rentals. The upcoming groundbreaking will be made possible with a $95 million construction loan from Banco Inbursa to fund the sold-out tower’s development at 600 Northeast 1st Avenue. Construction is expected to be completed in 2026.

Developers Complete Utilities Deal With Miami-Dade County For 31-Story Tower At 600 Miami Worldcenter

8:00 am on December 22, 2023 By Oscar Nunez

The 31-story 600 Miami Worldcenter (600 MWC) has reached a significant development milestone, with the developers securing a utility agreement from Miami-Dade’s Water and Sewer Department. This agreement is essential for providing services to the building, marking notable progress in this pre-construction phase of the project. Designed by Revuelta Architecture International and featuring interiors by Designagency, the development is a joint venture between Aria Development and Merrimac Ventures under the 55 NE 6TH ACQUISITION LLC. The 327-foot-tall structure is set to rise at 600 Northeast 1st Avenue, bordered by Northeast 6th Street to the south and train tracks to the north. OneWorld Properties is exclusively managing sales and marketing for the project. Miami’s Urban Development Review Board recommended approval for 600 MWC in July.

New Renderings Reveal Changes To Facade For HUB Miami At 525 NW 2nd Avenue In Downtown Miami

8:00 am on December 6, 2023 By Oscar Nunez

Updated renderings have been revealed for HUB Miami, a 41-story mixed-use building at 525 Northwest 2nd Avenue in Downtown Miami. Designed by ODP Architecture & Design with interiors by One Line Design Studio, and developed by a joint venture between The John Buck Company, Florida Value Partners, BH Group, and PEBB Enterprises, the 523-foot-tall structure will span approximately 727,726 square feet of space, including 306 condominium units, 245,000 square feet of Class-A office space, over 7,000 square feet of retail, and a 6-story parking garage integrated into the podium. NW MIAMI OWNER LLC is listed as the owner of the property and applicant for construction permits, and Coastal Construction is the general contractor.

Brand Urban Secures Fourth South Florida Location For ‘maman’ With 2,590-Square-Foot Storefront Coming To 55-Story ‘830 Brickell’ Office Tower

7:30 am on November 30, 2023 By Oscar Nunez

Brand Urban, a Manhattan-based retail real estate brokerage and advisory firm, has announced that maman, the acclaimed French-inspired café and bakery from co-founders Elisa Marshall and Benjamin Sormonte, will open a new 2,590-square-foot location at 830 Brickell. This 55-story, 640,000-square-foot Class A+ office tower in Downtown Miami’s Brickell Financial District is a joint venture between developers OKO Group and Cain International.

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