Alchemy-ABR Investment Partners (Alchemy) a fully integrated New York-based real estate development and investment firm, announced the acquisition of 18 NW 23rd Street in Miami’s Wynwood Arts District. The 36,079-square-foot property was purchased by Alchemy for $18,000,000 in a deal that closed on September 29, 2022. The mixed-use site will be developed into a 12-story luxury residential building with 186 units, multiple retail spaces, and a parking garage. Local architects Arquitectonica and MKDA have been commissioned to design the building with construction commencing in 2024.
Alexan Westshore is a new mixed-use development that could start construction next summer. The multi-million-dollar venture would offer 388 multi-family units in a six-story building. In addition to about 9,400 square feet of retail, the venture also calls for a seven-story parking garage with 693 spots.
An October 5th filing at the Federal Aviation Administration (FAA) reveals Okan Tower, the 70-story mixed-use skyscraper planned for 555 North Miami Avenue in Downtown Miami, has gotten a slight height reduction. New building permit applications show the massive tower would rise 893 feet, or 906 feet above sea level, a decrease of 9 feet from the previously planned 902 feet and 915 feet above sea level. The tulip-inspired tower is designed by Behar Font & Partners for developer Okan Group. It will be anchored by Hilton Hotel & Residences and yield 399 residential units mixed between condos and condo-hotel units, a five-star resort-hotel with 316 rooms, 67,588 square feet of Class A office space, and nearly 3,000 square feet of retail/commercial space. Civic Construction is the project’s general contractor, located on the southeast corner of the intersection between North Miami Avenue and Northeast 6th Street.
Culmer Village is taking shape in Miami-Dade County, Florida. The mixed-use venture requires close to 850,000 square feet of new construction, featuring 612 apartments and 9,460 square feet of retail space.
101 Dania Beach is a mixed-use community proposed for Dania Beach, Florida. The 13-story luxury apartment building would offer 278 units, ranging from studios to three-bedroom homes.