M Tower. Designed by Zyscovich Architects.

Lions Group NYC Purchases Development Site Of Planned 53-Story M Tower In Miami

The development site of an already approved 53-story mixed-use building planned for Downtown Miami was recently sold to a prominent New York City developer. The two parties in the transaction are the seller Downtown 56 LLC, an affiliate of S2 Development, and the buyer Downtown 1st Street LLC, an affiliate of Long Island-based Lions Group NYC. The 16,718-square-foot site traded hands for $10 million, and that includes the addresses 56 Southwest 1st Street and 65 Southwest 2nd Street, including the air rights to the adjacent city-owned parking structure at 70 Southwest 1st Street. Lions Group NYC intends to follow through with the existing plans for the new building. 

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Subject Property. Courtesy of Google Maps.

Mast Capital Submits Plans For Three Skyscrapers Where ‘Capital At Brickell’ Was Once Planned

Miami’s Planning Department and Office of Zoning has received an application from real estate developer Mast Capital proposing to build three new mixed-use skyscrapers in Brickell. The plans call for the construction of two 56-story towers and a 74-story tower in the western perimeters of the district. The project would be built on the site of two former developments that never came to fruition primarily addressed as 1420 South Miami Avenue, bounded by Southwest 14th Street on the north and Southwest 14th Terrace on the south with Southwest 1st Avenue to the west. Iris Escarra of GreenbergTraurig is representing the developer in the filing. 

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