Construction began in February 2022 on Azure Oceanfront Residences, a luxury community offering 26 units. The units, comprising two-bedroom to five-bedroom models, start at $3.7 million each.
Leading real estate developers Related Group (Related) and Integra Investments – alongside premier brokerage One Sotheby’s International Realty – have officially launched sales on the East Tower of The St. Regis Residences, Miami, a pair of 47 and 48-story ultra-luxury residential towers planned to rise in Miami’s Financial District fronting Biscayne Bay. Located at 1809 Brickell Avenue in Brickell, one of the city’s most highly sought-after neighborhoods, the towers boast architectural and interiors designs by New York City-based visionaries Robert A.M. Stern Architects (RAMSA) and the Rockwell Group. The East Tower will contain 149 residences, of which all will be bathed in natural light and offer a subdued color palette with luxurious detailing, including light oak cabinetry, bronze fixtures, and a monumental stone-topped island. Master bathrooms include separate double vanities and powder rooms as well as opulent freestanding bathtubs. Homes will range from a 2,300 square foot two-bedroom to 8,900 square foot duplexes, with prices starting at $2,800,000.
Total demolition permits have been issued for an unfinished concrete parking structure at 530 Northwest 1st Court in the Overtown District of Downtown Miami. The 5-story structure has stood on the property since around 2008 and was supposed to support a 29-story office building once known as Logik Tower, which was cancelled due to financial constraints and the recession that proceeded. The interior lot spans 22,500 square feet and is bound by NW 1st Court. on the East, NW 6th Street on the North, and two vacant lots on the West addressed as 525 and 533 NW 2nd Avenue. The permit was approved on February 11, 2022 and marked active by the 14th with The BG Group LLC listed as the general contractor at the cost of $153,930.
Additional renderings have surfaced of the recently announced The Crosby, a 31-story residential tower planned to rise at 601 North Miami Avenue within the 27-acre Miami Worldcenter complex in the Park West neighborhood of Downtown Miami. Designed by Cohen Freedman Encinosa & Associates and developed between the Related Group, one of South Florida’s most active condo developers, and Merrimac Ventures led by the Motwani Brothers, the development will include 450 fully-furnished units with interiors by New York City-based AvroKO, ranging between 350 square feet to 825 square feet. Units will come in studio, one-bedroom and two bedroom floor plans accompanied by 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.
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.
