Just a month after the unveiling, Aria Development Group has submitted applications to the Urban Development Review Board seeking approvals for the construction of their upcoming 40-story tower known as 501 First Residences in Downtown Miami. Designed by renown architect Revuelta Architecture International with interiors by Shim Projects, the development is located at 501 Northeast 1st Avenue, at the south-western corner of the interior lot including the addresses 121 NE 5th St. and 515 NW 2st Ave. The tower is expected to yield 393,912 square feet, including 448 fully furnished luxury residential units and 3,127 square feet of commercial space.
Miami-Dade County’s Department of Regulatory and Economic Resources is now reviewing applications seeking approval for the construction of Princeton Crossing, an 8-story residential building planned to rise at the intersection of SW 252nd Street and what will eventually be SW 138th Avenue in the Princeton Community Urban Center District. The developer, 22 Princeton, LLC., intends to build 150 residences and on-grade parking on 22.61 acres of currently vacant land. Behar Font & Partners is the design architect for this project.
In 2017, the Related Group, a privately-owned real estate firm in Miami, had big plans to construct a multi-story condo in Miami Beach. However, when confronted with the sudden influx of condos, apartments, and houses, the firm changed gears. Now, on the 3.71 acres of land, the firm intends to build office space that overlooks the ocean.
New York City-based JDS Development Group, one of the country’s leading companies in real estate development, has announced 80% of the inventory at Monad Terrace has been sold including all four penthouses. Designed by world-renowned design firm Ateliers Jean Nouvel, Monad Terrace is a high end residential development comprised of two structures of 7 and 14 stories, addressed as 1300 West Avenue and located along Biscayne Bay with it’s interior lot nestled between 13th Street and 14th Street. This sales milestone has been reached with the recent closing of one of the building’s crown jewels, the opulent PH-A, which sold for $11.8 million.
The City of Sunrise, home to Sawgrass Mills Mall, is expecting a new city hall. The current structure, which is a stark contrast to the updated buildings around it, will be demolished sometime within the next year. The new 100,000 square foot facility will serve as office space for city employees, utility offices, and local politicians.