Downtown Miami

Okan Tower Gets Slight Height Reduction In New FAA Filing, Permits For Tower Cranes Filed

8:00 am on October 9, 2022 By Oscar Nunez

An October 5th filing at the Federal Aviation Administration (FAA) reveals Okan Tower, the 70-story mixed-use skyscraper planned for 555 North Miami Avenue in Downtown Miami, has gotten a slight height reduction. New building permit applications show the massive tower would rise 893 feet, or 906 feet above sea level, a decrease of 9 feet from the previously planned 902 feet and 915 feet above sea level. The tulip-inspired tower is designed by Behar Font & Partners for developer Okan Group. It will be anchored by Hilton Hotel & Residences and yield 399 residential units mixed between condos and condo-hotel units, a five-star resort-hotel with 316 rooms, 67,588 square feet of Class A office space, and nearly 3,000 square feet of retail/commercial space. Civic Construction is the project’s general contractor, located on the southeast corner of the intersection between North Miami Avenue and Northeast 6th Street.

Namdar Group Issued $195 Million Loan For Two Apartment Towers In Downtown Miami

8:00 am on August 28, 2022 By Oscar Nunez

Great Neck, NY-based real estate investment and development firm Namdar Group has secured $195 million in acquisition and construction funding for Namdar Towers, two residential buildings of 41- and 43-stories planned for 222 Northeast 1st Avenue in Downtown Miami. The loan came from an affiliate of New York’s Slate Property Group – SCALE Lending – brokered by associates of Greystone Capital Advisors. Plans for the residential project include 1.2 million square feet of space with 1,354 residential units between both towers.

PMG And Greybrook Officially Launch The Elser Hotel & Residences In Downtown Miami

7:30 am on August 10, 2022 By Oscar Nunez

Property Markets Group (PMG) and Greybrook Realty Partners recently hosted an unveiling event to celebrate the launch of The Elser Hotel & Residences, a 49-story new construction luxury condominium tower at 398 Northeast 5th Street. Set in the heart of Downtown Miami with unobstructed views of Biscayne Bay, guests enjoyed a live band, experiential performances and endless champagne. Remarks were given by Ryan Shear, Managing Partner of PMG, and the PMG Residential sales team, Alejandra Castillo, Christian Tupper, Daiana Quiceno, Aura Aragon and Karine Carvalho. Designed by Sieger Suarez Architects with interior architecture and design by Cotofana Designs, The Elser Hotel & Residences will deliver the only new, fully furnished and move-in-ready residences to Downtown Miami this summer. The property will allow owners to enter a short-term rental program with daily rental options through The Elser Hotel & Residences Owners Program, managed by industry-leading management company Highgate.

Hyatt And Gencom Propose Redevelopment Of Hyatt Regency Miami With Mixed-Use Complex Of Three Towers

8:00 am on May 11, 2022 By Oscar Nunez

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 Tapped For Leasing At Iconic 480-Foot-Tall Citigroup Center In Downtown Miami

8:00 am on April 13, 2022 By Oscar Nunez

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.

Developers Propose Massive Mixed-Use Projects To Replace College Station Garage In Downtown Miami

8:00 am on February 1, 2022 By Oscar Nunez

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.

1,049-Foot Supertall Waldorf Astoria Hotel & Residences Sells 72% Of Inventory Prior To Construction

8:00 am on January 15, 2022 By Oscar Nunez

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.

Related And Merrimac Announce 31-Story ‘The Crosby’ At Miami Worldcenter

8:00 am on January 11, 2022 By Oscar Nunez

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.

MV Real Estate Holdings And Driftwood Capital Announce Joint Venture On $185M Riverside Wharf Development In Downtown Miami

8:00 am on December 21, 2021 By Oscar Nunez

Miami-based Developer MV Real Estate Holdings (MVREH) and Coral Gables-based hospitality investment firm Driftwood Capital are pleased to announce Riverside Wharf, a $185 million – 200,000-square-foot hospitality-driven entertainment complex situated along the edges of the historic Miami River in Downtown Miami. Located at 114 Southwest North River Drive beside the I-95, the development is comprised of two 10-story towers that will offer a fully immersive Miami experience anchored by the highly amenitized 165-key Dream Miami luxury hotel by the internationally renowned Dream Hotel Group. The complex will represent the rebirth and expansion of existing The Wharf Miami, adding in 16,000 square feet of signature restaurants, a 12,000-square-foot event hall, a world-class 30,000-square-foot nightclub and rooftop day club, and a private marina capable of accommodating mega yachts.

Moishe Mana And Zyscovich Architects Unveil Final Design For Nikola Tesla Innovation Hub

8:00 am on November 28, 2021 By Oscar Nunez

The final design plans have been unveiled for the Nikola Tesla Innovation Hub, a 13-story office and commercial building undergoing a complete gut renovation and redesign at 155 South Miami Avenue – the northeast corner at the intersection with South 2nd Avenue in the Flagler District, Downtown Miami. Originally built in 1980, the revamp of the structure will bring 137,000 square feet of office space and 6,000 square feet of commercial space. Developed by Moishe Mana of Mana Common and designed by award-winning architecture firm Zyscovich Architects, the project is being geared towards the emerging tech industry in Miami with the hopes of attracting major technology companies and innovative startups.

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