Developers Hyatt Hotel Corp. and Gencom have gotten approval for the redevelopment of the 4.2-acre city-owned site at 400 Southeast 2nd Street in Downtown Miami. The November 8 referendum resulted in 64% of city voters in favor of the three-towered mixed-use development set to replace the aging Hyatt Regency Miami and James L. Knight Convention Center. Designed by Arquitectonica, the project will yield two towers of 61-stories and a 95-story supertall containing over 1,500 residential units, a flagship 615-room Hyatt Regency, 264 branded and serviced apartments 190,000 square feet of Class-A meeting and events space, 20,000 square feet of coworking space, 12,000 square feet of food and beverage/retail space, 50,000 square feet of open public space, 1,100 parking spaces, and a 480-foot-long rejuvenated riverwalk.
A utility agreement has been signed for the Waldorf Astoria Hotel & Residences, a 100-story supertall mixed-use skyscraper that just recently broke ground at 300 Biscayne Boulevard in Downtown Miami. Designed by Sieger Suarez Architects in collaboration with Carlos Ott and developed by Property Markets Group and Greybrook Realty Partners, the 1,049-foot-tall structure will be the first to reach supertall heights in Florida. It will become the tallest residential building south of New York City and contain a mix of residential, hotel, and retail spaces.
Harmon on the Lake is a class A residential property undergoing construction in Apopka, Florida. Completion’s planned for 2023. The $43 million venture will offer 180 units spread across six three-story wood-framed buildings.
The Sweetwater City Commission has cleared the way for CREI Holdings to develop an additional 316 affordable housing apartments. Li’l Abner III, which will rise next to its sister buildings Li’l Abner I and II, will help ease Miami’s shortage of affordable housing among seniors, one of the most vulnerable populations in the region.
South Florida’s quiet coastal town of Hallandale Beach is quickly becoming one of the most luxurious places to live, work and play, thanks to a wave of new high-end residences attracting affluent buyers in droves. As a result, the city is experiencing a wave of new investment in the area, with a whopping $1 billion worth of development underway, according to the Hallandale Beach Community Redevelopment Agency. These projects run the gamut from luxury residences to dining and entertainment attractions.