Earlier this week, applications for a pair of 750-foot-tall structures in Sunny Isles Beach were submitted to the Federal Aviation Administration (FAA). The coordinates listed in the filings match perfectly with 18801 Collins Avenue, a development site spanning well over 200,000 square feet owned by La Playa Beach Associates LLC. The entity was formed in 2014 as a joint venture between Hallandale Beach-based Chateau Group and Miami-based Fortune International Group to redevelop the property into massive mixed-use project. The new filing calls for the construction of two high-rises structurally topping off at 739-feet and 742-feet, or 750-feet above sea level, adding these buildings in to the ranks of the tallest on a waterfront in the United States.
Chicago-based AMLI Residential has acquired an 80,000-square-foot development site from real estate developer Midtown Development in Midtown Miami. Midtown Opportunities VB LLC, an affiliate of Midtown Development, sold the vacant 1.84-acre site to PPF AMLI 3001 NE 1st Avenue LLC, an entity linked to AMLI, for $30.5 million. The property is addressed as 3001 Northeast 1st Avenue, often recognized as Midtown 7, and is bounded by Gio Midtown on the north and Yard 8 Midtown on the south between Northeast 1st and East Coast Avenues with additional frontage on Northeast 30th Street.
Applications have been submitted to the Federal Aviation Administration for the development of the 11.3-acre Daytona Gateway Marina project, which is comprised of two mixed-use high rise buildings and a 138-slip marina at 135 East International Speedway Boulevard in Daytona Beach. The buildings would rise 415-feet and 417-feet, or 422-feet and 425-feet above sea level, and will include 550 luxury residences, a boutique hotel, retail and restaurant spaces, and space to accommodate vessels ranging from 40 to 150 feet as well as dry storage for up 250 boats. The Jaymor Group is the owner behind the applications.
Vista Lago in Miami, FL, has exited its construction phase. Coastland Construction Incorporated began building the project in 2020 and finished in the fourth quarter of 2021.
Denver-based real estate developer AIMCO is planning to redevelop an assemblage of properties in Edgewater near Biscayne Bay. In their recent Fall 2021 Investor Presentation, the company told investors that they completed the purchase of additional properties beside their Hamilton on the Bay apartment tower, which combined will allow for 1.1 million square feet of new construction. The assemblage is comprised of 10 plots of land approximately totaling 70,000 square feet, which may give way to two luxury residential towers well over 50 stories, and potentially addressed as 640 Northeast 34th Street.