A former trailer park in Miami-Dade County could soon find new life as River Rapids, a 593-unit apartment complex. Homes would span from studios to three-bedroom units, with some homes featuring dens. Square footage ranges from 540 square feet to 1,300 square feet.
Related Group, along with ROVR Development and BH Group, have landed a hefty $76 million loan to begin construction on District 225, a 37-story Airbnb-branded condominium development planned for a 15,000-square-foot site at 225 North Miami Avenue in Downtown Miami. Construction funding came from New York-based lender Madison Realty Capital to build the 394-foot-tall tower, which was approved by city planners in April 2021. The project is designed by Sieger Suarez Architects with interiors by the Meshberg Group, and will include 343 fully-finished and furnished units – all of which are sold out. The construction of District 225 will be managed by Craft Construction Company LLC. according to pending permits, and is projected to completed in 2024.
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.
Construction continues on Grand Station Miami, a 31-story, 322-foot-tall residential tower located at 240 North Miami Avenue in Downtown Miami’s Central Business District. Designed by Zyscovich Architects with Frances Anillo Toledo listed at the architect of record, the building is being developed through a public-private venture between Grand Station Partners, a partnership including developer Rovr Development and former Yankee Alex Rodriguez’s A-Rod Corp, and the Miami Parking Authority. Ortega Construction Company is the general contractor; B&J Consulting Engineers is the structural engineer.