A utilities deal was recently signed between Kevin Lalezarian, on behalf of Miami World Towers LLC, and Miami-Dade County, to connect the proposed 53-story Miami World Tower to the city’s water and sewage system. As per the agreement, the first phase of the development, which is designed by NBWW Architects, will include 565 residential units and a 3,000-square-foot full service restaurant venue. The skyscraper is planned to rise 579-feet within the greater 27-acre Miami Worldcenter development in the Park West neighborhood of Downtown Miami, and is addressed as 700 Northeast 1st Avenue. Lalezarian Properties of New York is the developer
The City of Miami’s Urban Development Review Board has received an application seeking warrants, waivers and approvals for the development of Merrick Towers, two 20-story mixed-use buildings that will yield a combined 387,568 square feet of space at 3898 Shipping Avenue. Designed by Atelier305 and developed by 3898 Shipping Avenue LLC, the two structures will rise to approximately 226-feet, and will consist of 268 residential units, 32,300 square feet of office space and 6,342 square feet of ground floor retail. The property is located near Coconut Grove at the intersection of Shipping Avenue and Southwest 39th Avenue, and is within walking distance of the Douglas Road Metrorail Station and the Shop at Merrick Park.
Bimini Cove is a new luxury rental development coming soon to Fort Lauderdale, FL. The mixed-use complex will not only feature 140 units but will also comprise exactly 184,259 retail space, per the Construction Journal.
The Related Group and Miami-based real estate firm Metro1 have secured $72.8 million in construction financing from New York City’s Cerberus Capital Management to develop an upcoming mixed-use project dubbed Wynwood 29, a two-building development of 8 and 12 stories planned to yield a combined 248 dwelling units accompanied by 26,651 square feet of retail space and 372 parking spaces. The subject properties are addressed as 2828 Northwest 1st Avenue and 2819 Northwest 1st Avenue, encompassing two parcels of land between Northwest 28th and 29th Streets in the heart of the Wynwood Arts District in Miami. Arquitectonica is credited as the design architect for the development.
When the Plantation, Florida, Fashion Mall opened in 1988, developers had high hopes for the location. Over 1,000 people attended its grand opening. Vanna White was there. Then, in less than 15 years, the Fashion Mall closed, and a 32-acre “gravesite” has remained in its place. But not for long.