Developers Recieve Master Permit For ‘The Standard Residences’ At 3100 NE 1st Avenue In Midtown Miami
Urban Robot Associates
Sumaida + Khurana and Bizzi+Bilgili, two internationally renowned real estate development firms, announced closing $47.25 million in construction financing from Cain International for The Fifth Miami Beach. This new Class A+ office building at 950 5th Street is the first commercial building in Miami’s South of Fifth neighborhood in 20 years. Designed by Alberto Campo Baeza, who recently won Spain’s National Prize for Architecture, The Fifth Miami Beach is the architect’s first Miami building and first commercial office project in the U.S.
Newgard Development Group has selected G.T. McDonald Enterprises, Inc. as the general contractor for LOFTY Brickell, a high-end condominium project at 99 Southwest 7th Street. This 540-foot-tall, 44-story building, designed by Arquitectonica, features interiors by INC and landscaping by Urban Robot Associates. Following Newgard’s recent procurement of a foundation work permit, construction is scheduled to begin at the start of the year. Located along the Miami River in the vibrant Brickell district of the city, LOFTY Brickell is poised to become a prominent landmark. The vertical construction of this impressive structure is expected to take between 30 and 36 months.
A recent submission of site plans to Miami’s Urban Development Review Board has revealed the design for Two Riverside, a proposed 59-story mixed-use skyscraper at 99 Southwest 7th Street in Brickell. The design, created by Brandow Haw Architecture with ODP Architecture & Design as the architect of record and developed by Newgard Group, showcases a slender, 730-foot-tall structure. It is set to offer approximately 520,631 square feet of space, encompassing 271,605 square feet of residential area across 169 units and 1,090 square feet dedicated to ground-floor retail. The adjacent One Riverside project will provide the necessary vehicle and bike parking, where Newgard Group is also developing two other towers, including the 44-story Lofty Brickell. The proposal is scheduled for review on November 15.
Hospitality and real estate pioneers Rosso Development, Standard International, and Midtown Development have closed on a $45,045,000 construction loan from Bank OZK for the highly anticipated The Standard Residences, Midtown Miami, located at 3100 Northeast 1st Avenue. A JLL Capital Markets Debt Advisory team, led by Managing Director Brian Gaswirth and Associate Jimmy Calvo, represented the developer.