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Miami’s Watson Island Development Proposals Reviewed by Climate Resilience Committee

The City of Miami Climate Resilience Committee recently reviewed two proposals concerning developing and using City-owned waterfront property on Watson Island. These proposals were presented for evaluation due to their deviation from previous plans and now include updated requests and public benefits. The following steps involve potential approval by the Miami City Commission at their upcoming meeting, followed by consideration by Miami voters in the next election.

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UDRB to Review Plans for 39-Story Residential Tower at 2534 North Miami Avenue in Wynwood

Miami’s Urban Development Review Board has received an application for a 39-story multifamily residential tower at 2534 North Miami Avenue in Wynwood. The approximately 437-foot-tall building, proposed by 2534 N Miami Associates, LLC, an affiliate of New York-based Hidrock Properties led by Abraham J. Hidary, is designed by Arquitectonica and will feature landscape design by Gardner + Semler Landscape Architecture. The development aims to rise under the Live Local Act, featuring 463 residential units and 444 parking spaces.

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Developer Secures $47.5 Million Construction Loan for ‘Forté Luxe’ at 12450 Crystal Cove Place in Jupiter, Florida

Forté Development has secured a $47.5 million construction loan from 360 Capital Funding for its luxury boutique waterfront community, Forté Luxe, in Jupiter, Florida. The loan, finalized on July 3, 2024, will finance the development of this project. Alfonso Jurado is the architect, Interiors by Steven G. handles interior design, and KAST Construction is the general contractor. Douglas Elliman Development Marketing is the exclusive sales team.

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25-Story Residential Tower In Edgewater To Be Named ELLE Residences Miami

ELLE Residences Miami will bear the ELLE name as part of a licensing agreement signed with Lagardère Médias News, owner of the ELLE brand. Designed by Behar, Font & Partners and developed by Urban Network Capital Group (UNCG) and Vertical Developments, the 25-story condo will feature 180 units, with short-term rentals permitted. Through affiliate Residences at 5th Avenue LLC, the developers filed plans earlier this year for the 19,292-square-foot site at 445 and 455 Northeast 36th Street and 3618 and 3630 Northeast Fifth Ave in Edgewater. The site was acquired for $13.5 million in 2023.

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Urban Development Review Board Votes In Favor Of Massive Mixed-Use Development In Overtown, Miami

The Urban Development Review Board (UDRB) has voted in favor of a mixed-use development project at 650 Northwest 8th Street and 678 Northwest 7th Street in Overtown, Miami. The planned project, a collaboration between 0101 Miami Properties, LLC, led by Jorge and Jose Mas, and 8th Street Connections Holdings, LLC, an affiliate of Terra, will encompass over 1.8 million square feet., yielding 1,215 residential units, 16,347 square feet of commercial space, and 1,831 parking spaces.

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