Miami’s Coral Gables neighborhood has been experiencing an uptick in active transit-oriented residential, office and mixed-use construction projects. Architectural designer and urban planner Aaron DeMayo recently photographed the area from above, capturing the immense amount of on-going construction and recently completed developments surrounding the Douglas Road Metrorail Station parallel to South Dixie Highway (US Highway 1) between Southwest 37th and 38th Avenues. Below are a number of relative major projects in the area varying in stages of construction, as well as a few that were recently completed.
Miami-based developer Mast Capital has acquired the 2.8-acre vacant development site addressed as 1420 South Miami Avenue for $103 million from Rega Center Miami Holdings. The site is located on the southern edge of the Brickell Central Business District and represents one of the last remaining raw parcels of land available zoned for rapid transit-oriented high-density development in the area. The developer submitted site plans for a massive master-planned project yielding 2.6 million square feet across three soaring towers, including an 80-story luxury condominium tower with 400 residences, and two multifamily towers of 50 and 60 stories with a combined total of 850 luxury apartments. Mast Capital partnered with private equity real estate firm Rockpoint for the acquisition, the third joint venture between the two firms this year.
Final plans have been submitted to the Design Review Board of the City of Miami Beach for 72nd & Park, a 21-story mixed-use building proposed to rise 233-feet in North Beach. Designed by Arquitectonica with Built Form as the architect of record and developed by KGTC LLC, the development is projected to yield 239,997 square feet of space including 270 residential units, of which 121 are microunits, over 40,000 square feet of amenities, 17,211 square feet of retail space and 326 parking spaces. The property is primarily addressed as 7145 Carlyle Avenue fronting North Shore Park along 72nd Street.
Plans to build Fort Lauderdale’s tallest building have been submitted to the Development Review Committee for 300 West Broward Boulevard, a 48-story mixed-use development proposed to rise in Downtown Fort Lauderdale. The property is more specifically located in the Sailboat Bend neighborhood near Las Olas and Beverly Heights, fronting West Broward Boulevard to the north in between Southwest 4th Avenue and Nugent Avenue to the west and east. The tower would conveniently rise approximately 2 blocks away from the Brightline Fort Lauderdale train station and the Riverwalk north of the New River. K-A 300 Broward JV LLC, a joint between New York-based Kushner Companies and Denver-based AIMCO, is listed as the developer – who have the development under contract from FTL/AD LTD. ODA Architecture is listed as the design and landscape architect with Stantec as the architect of record, and Witkin Hults + Partners as the landscape architect of record.
Dania Beach-based real estate developer Royal Palm Companies has landed a massive $340 million construction loan from New York City-based Silverstein Capital Partners for Legacy Hotel & Residences, a 51-story mixed-use building planned for 938 Northeast 1st Avenue within the 27-acre Miami Worldcenter master-planned development. The loan marks the third largest financing package executed in the state of Florida, and will allow for the vertical construction of the 690-foot-tall structure projected to yield nearly 1 million square feet. Renowned Miami architect Kobi Karp designed the modern Art-Deco inspired tower, and will feature interiors by ID & Design International.