Developers JW2 Development and Schmid Construction have plans for an office park focused on medical businesses in Oakland. The Oakland Exchange will offer 13 buildings measuring 2,500 to 3,500 square feet each, along with a 5,500-square-foot anchor building.
Key International and Sterling Bay have filed for FAA permits for 848 Brickell, a 51-story Class A office and retail tower in Miami’s Brickell neighborhood. Designed by Skidmore, Owings, & Merrill (SOM), the project’s permits were filed on June 27, 2024, and are currently under review, with the status showing “work in progress.” The structure is planned to reach 764 feet above ground, or 775 feet above mean sea level.
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.
An application has been filed seeking design review approval for a new 5-story commercial office building at 1100 5th Street in the South of Fifth neighborhood of Miami Beach. Designed by Eduardo Souta de Moura with Zyscovich Architects serving as the executive architect, and developed by Sumaida + Khurana in partnership with property owners Roslyn and Norton Nesis and Robert and Miriam Weiss of Weiss Properties, the approximate 80-foot-tall structure is planned to yield roughly 101,424 square feet in total size of gross new construction area with a F.A.R. of 65,274 square feet, including 43,797 square feet of office space, 7,142 square feet of indoor and outdoor amenities, 7,204 square feet dedicated to a ground floor restaurant, and 105 parking spaces. The Miami Beach Design Review Board is set to review the application on June 6.
Oak Row Equities has closed on a $181M construction loan from Bank OZK for 2600 Biscayne Boulevard, a 41-story Class AAA office and multifamily tower in Miami’s rapidly-maturing Edgewater submarket. This transaction is one of the largest mixed-used construction loans to close in South Florida in the past year. Newmark’s Dustin Stolly, Jordan Roeschlaub, Chris Kramer, and Daniel Matz arranged the financing. Remarkably, 50% of 2600 Biscayne’s office and retail space was pre-leased before breaking ground, marking it as one of Miami’s most pre-leased new construction office buildings.
