River District 14 Development Now Accepting Reservations
River District 14 development has officially launched and is now accepting reservations. With its 283 exquisitely designed studios, one-bedroom, two-bedroom, and walk-up condominium homes, River District 14 gives owners a real turnkey experience.
Featuring more than 20,000 square feet of amenities, River District 14 provides residents with a resort-style pool with cabanas, two indoor pickleball courts, a relaxation area, a cutting-edge fitness facility, a fully furnished co-working floor, and much more. There will be furniture kits available for all homes, making them all move-in ready.
The Miami International Airport, the Port of Miami, and the Brightline Train Station are all nearby important transit hubs. The tower is minutes from the UHealth Towers and Hospitals, one of the most renowned and significant public health districts in the country, and is a short stroll from the excellent dining, shopping, and entertainment options at River Landing.
Owners will have the option to rent out their homes on a daily, weekly, or long-term basis. They can do so independently or through a third-party service like VRBO, Airbnb, etc. Nothing else like it is available. lone long-term rental communities are available in the neighborhood, and the lone hotel in the area has ordinary hotel rooms without kitchens for $250 or more per night and $350 or more per night at other hotels. Early 2024 is the anticipated start date, followed by a mid-2025 completion date.
National Developer PMG Announces West Eleventh Residences in Miami
In Miami’s Park West neighborhood, Property Markets Group unveiled plans for a condominium tower with short-term rental options.
West Eleventh Residences will offer short-term rental flexibility and a first-time opportunity for owners to enjoy fully centralized management with the ability to host guests 365 days a year on Airbnb.
At 18 N.W. 11th St., which is currently owned by Miami-based Block 17 Land Trust, West Eleventh Residences would rise 44 floors. For the project, PMG has joined forces with the Marc Roberts Cos. and the Miami-based Lion Development Group, directed by Michael Simkins. On the bottom floor, there would be a 30,000-square-foot entertainment facility and food hall in addition to 659 completely equipped condos.
Although Miami’s short-term condo rentals were just introduced a few years ago, they are now a significant part of the city’s most recent condo development boom. They give condo owners the option to occupy them themselves or rent them out for however many days are necessary, allowing them to potentially profit from higher daily rental rates.
The E11even Hotel & Residences, another condominium for short-term rentals, and the E11even Residences Beyond are being constructed by PMG, Simkins, and Roberts directly west of the West Eleventh Residences.
“The demand for short-term rental properties with on-site support for seamless hosting is high in South Florida, especially in downtown Miami,” said Ryan Shear, managing partner at PMG. “Not only will West Eleventh Residences offer flexible living options and luxury condo ownership for buyers, but it will also provide impeccable residences and superb amenities for Airbnb guests and owners to enjoy.”
Condos at West Eleventh Residences will range in size from 334 square feet for studios. The units would contain smart home technology for lighting, audio, video, and other features. Costs start at roughly $300,000. The real sales push will begin on February 20.
The project was designed by Sieger Suarez Architects.The structure would have a restaurant, a lounge, a fitness center, and a pool.
Simkins asserted that “our collaboration with PMG and Marc Roberts Cos. on West Eleventh Residences will once again underscore the area’s potential, solidifying Downtown Miami’s District 11 into a true live-work-play community for all.”
New Development Announced in Brickell-Westpine
Westpine, a 43-story residential tower, has just had its plans submitted in Brickell. Westpine will have a 474-foot high peak and will feature 328 residential units, 1,155 square feet of retail, and 357 spaces for parking.
A multifamily building with 24 units that was built in 1964 is currently on the 0.7-acre site.
Westpine Brickell LLC is listed as the developer and Behar Font Partners as the architect. Westpine Brickell LLC, an affiliate of Westpine partners originally purchased the site for $11.53 million.
Instead of being referred to the City of Miami for review under city zoning regulations, the project was submitted to the Miami-Dade County Planners for review under their Rapid Transit Zoning Metromover Subzone.
On December 9, a pre-application meeting with county planners was sought.
Brickell, also known as the Financial District of Miami, is home to a large number of international banks such as HSBC, Espirito Santo Bank, and Banco Santander.
These Brickell Miami banks are predominantly located along Brickell Avenue – the main thoroughfare running through Brickell Miami and extending north to south from the Brickell Avenue Bridge to the Rickenbacker Causeway.
Brickell Miami is considered to be one of South Florida’s most prestigious neighborhoods and is a perennial favorite place to live among affluent, young professionals.
New Development Revealed at Miami Worldcenter-600 Miami Worldcenter
Aria Development Group and Merrimac Ventures are partnering for a new construction development located at Miami Worldcenter. The project has officially been dubbed 600 Miami Worldcenter.
600 Miami Worldcenter will rise 32 stories and will feature 579 fully furnished and finished luxury residences ranging from studios to two-bedroom floor plans with no rental restrictions. The studios will start at $400,000.
The Design Agency, a renowned design firm, was selected by the developers to design the residences at 600. The architect for the project is listed as Revuelta Architecture.
Residence Features:
Floor-to-ceiling glass windows with custom window treatment
All residences feature balconies
Finished flooring on all residential interiors
Kitchens and bathrooms feature custom Italian cabinetry and counters
Top-of-the-line, separate, in-unit washers, and dryers
Fully built-out, generous closets
Tower Amenities:
Covered porte-cochère
24-Hour attended lobby
Luxer one automated parcel storage
Dedicated co-working space
Resident lounge and entertaining space
Air-conditioned resident storage
Bike storage
Summer kitchen
Rooftop swimming pool with resort seating
World-class state-of-the-art fitness center with outdoor private training area by Homage Fitness
The 600 Miami Worldcenter will be within a few blocks from the 300,000+ square foot commercial district of Miami Worldcenter, situated in the Park West neighborhood of Miami at 600 NE 1st Ave.
Chicago Hedge Fund Citadel Establishes New Headquarters at 830 Brickell Tower
Less than two months after announcing that he was relocating the Citadel hedge fund from Chicago to Miami and planning to establish a new headquarters, billionaire Ken Griffin signed a significant lease for the company’s premises at 830 Brickell.
Citadel signed a long-term lease for about 95,000 square feet at the 55-story tower at 830 Brickell Plaza, according to people familiar with the arrangement. The skyscraper is being developed by Vlad Doronin’s OKO Group and Cain International, and the asking rates there have reached $125 to $150 per square foot.
Two leases at $130 per square foot are being negotiated, according to a second source, and recent full-service leases have been completed at $110 to $120 per square foot, making the Citadel’s deal ranging from $10.5 million to $11.4 million a year.
According to Justin Oates, SVP at Cain, OKO, and Cain anticipate finishing 830 Brickell within the next six months, with tenants moving in sometime next year.
Griffin revealed in June that Citadel and financial services company Citadel Securities would relocate their corporate headquarters from Chicago to Miami. The choice was made at a time when Miami has developed over the previous 15 months into a destination for the relocation and growth of out-of-state financial firms.
A 2.5-acre bayfront development site at 1201 Brickell Bay Drive has been purchased by Citadel, according to the information originally published by Bloomberg and confirmed by sources to TRD. In April, that transaction concluded for a record $363 million. Citadel may also be related to the $286.5 million acquisition in June of the 28-story office building at 1221 Brickell Avenue, which is across the street. The acquisitions have not been confirmed or disputed by Citadel.
Approximately 70% of the 640,000 square foot 830 Brickell building is already leased, a representative for the development team said.
Sidley Austin, a legal firm with offices in Chicago, acquired 60,000 square feet over three floors in July.
Sidley Austin, a legal firm with offices in Chicago, acquired 60,000 square feet over three floors in July.
Canadian asset manager CI Financial doubled its original lease signed last year to about 40,000 square feet in January.
Between late last year and this summer, other large tenants included the IT behemoth Microsoft, the insurance and financial services company A-CAP, and Marsh, the insurance division of Marsh & McLennan Companies.
Cavalli Tower Proposed at Champlain Tower South Site
DAMAC Properties recently announced that it has officially received approval to purchase land in the Surfside neighborhood of Miami in a $120 million deal. This land is none other than the site where the Champlain Tower South deadly collapse occurred just last year. DAMAC Properties intends on building a luxury branded tower on the site, Cavalli.
The site itself is located at 8777 Collins Ave Surfside featuring 1.8 acres and was sold to DAMAC through a court process and without any other competing bids on the property.
Prior to DAMAC taking an interest in the site, it was listed for $95.6 million. Sajwani offered the $120 million with the stipulation that he would obtain possession by the spring of 2022. One of the other stipulations was that Sajwani had to pay a $16 million deposit to make the contract valid.
Hussain Sajwani, Founder and Chairman of DAMAC Properties stated, “DAMAC Properties has long been eyeing development opportunities in Miami. We see the city, which is known for being a luxury and fashion centre, as a natural fit for our Company, which has an established reputation for its branded luxury offerings.”
While this is Sajwani’s first United States development, he has an extensive portfolio with establishments of his company in global cities like Dubai, Abu Dhabi, Amman, Baghdad, and London. Sajwani has heavily invested in luxury fashion, real estate, hospitality, and manufacturing.
According to Sajwani, “Our global expansion into the United States marks a major milestone and demonstrates that DAMAC is a force to be reckoned with. This is an exciting time, and we have a lot in store.”
Brick & Timber Collective Recently Purchased a Wynwood Mixed-Use Property for $9 Million
Brick & Timber Collective just increased their Wynwood portfolio with an off-market $9 million purchase of a newly finished mixed-use property.
The developer and real estate asset manager from San Francisco purchased a 3-story office and retail property at 2724 and 2734 Northwest First Avenue.
The mixed-use property is located across the street from Wynd 27 and Wynd 28. Kushner Companies and Block Capital Group are developing the site, with 152 apartments, 79,500 square feet of office, and retail space.
The building was purchased for $900 per square foot by Brick & Timber Collective, managed by partners Jesse Feldman and Glenn Gilmore. The property is leased to a bay area tech business that finished a 10,000 square feet makeover was finished one month ago.
According to public records, the seller, a subsidiary of Miami-based Fortis Design-Build, paid $1.8 million for the two properties in 2018.
The structure, designed by Florida International University Dean of Architecture Jason Chandler, has ground-floor retail, second-floor office space, and a rooftop deck that may be expanded, according to Polinsky.
This isn’t the first Wynwood project Brick & Timber Collective has been involved in. The company purchased a Wynwood Annex Class A office building in February for $49 million but plans on buying more properties in Wynwood in the future.
Brick & Timber Collective specializes in leasing office space to technology startups, and has been exploring Miami, notably Wynwood, for more than a year. “We were scanning the rest of the country to see which market would profit from the tech industry in the same manner that San Francisco has and we landed in Miami and Wynwood. There is a significant migratory change in progress.”
Renderings and Sales Launched for Major Residences Miami
Major news for the infamous hospitality group, Major Food Group! Major Residences (renamed 888 Residences), the 1,049-foot-tall skyscraper, is setting a new benchmark from the minute tourists approach the site. Major ushers in lifestyle-driven hospitality and great home architecture for Miami as a combined vision of four industry heavyweights, MFG, JDS, Studio Sofield, and Ken Fulk.
According to the group, “This is the tallest, the most brilliantly designed, the best-in-class hospitality experience, with the best club, in the best city in the world.”
Major Residences will be located at 888 Brickell Avenue in Miami and will have 259 unique luxury apartments ranging from 1 to 4 bedrooms designed by Studio Sofield and set to open in early 2026, with sales for the project commencing July 2022. Each of the Major units will be designed as a hybrid plan, with a “lockout” function that allows for smooth conversions between a private residence, suite, and/or guest room.
Amenities:
Access to the exclusive Major Club
Entertainment
Sports
Leisure
Wellness
Fitness
Pool deck
Terrazzo-clad sun deck
Private cabanas
Poolside service w/ a Major Food Group restaurant
115,000 square feet of facilities
The Food & Beverage program will contain trademark Major Food Group brands and wholly new ideas developed by longstanding partner Ken Fulk, unique to Major Residences Miami.
The tower, designed by William Sofield, has a beautiful façade of ivory travertine and high-gloss steel columns, giving it a defined, graphic look and distinguishing it from the surrounding structures.
The Porte-cochere, in a significant architectural gesture of skill and quality, greets with Gatsby-level enthusiasm via gold leaf trims, massive slabs of travertine, and white-glove service, setting the tone for the building’s mood.
Major Residences Miami is estimated to be completed summer of 2026. If you or someone you know have an interest in purchasing at Major Residences Miami, please contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at (786)247-6332.
One Thousand Museum has Officially Sold Out
One Thousand Museum has hit so many milestones since its inception in 2014. Just in the first month of sales in 2016, the luxury tower reached $30 million sold which remember 2022 tower sales launches. Now, One Thousand Museum has officially sold, solidifying the legacy of the late Pritzker-winning architect Zaha Hadid.
One Thousand Museum, also known as the Scorpion Tower, is a monument to brilliance and creativity, Through the views and design of Dame Zaha Hadid, it is a powerful physical statement about the soul of Miami.
With views of Biscayne Bay, the Atlantic Ocean, and Miami Skyline; One Thousand Museum is only minutes from South Beach and the Brickell financial district. This contemporary tower rises 60 stories with 83 total units; 4 duplex townhouses, 70 half-floor units, 8 full floor penthouses and 1 double story/full floor penthouse.
Two lower level floors are dedicated to an indoor/outdoor wellness and spa, as well as the rooftop featuring the Aquatics Center and Sky Lounge.
Developed by Louis Birdman, Gregg Covin, Kevin Venger, and Regalia Group, One Thousand Museum is South Florida’s first residential complex with its own rooftop helipad, allowing residents to quickly travel to adjacent islands, private and commercial airports, and private boats.
One Thousand Museum Amenities
A spacious fitness center with state-of-the-art strength and cardio training equipment
Spa with private treatment rooms, steam and sauna rooms, plunge pools, and relaxation lounge
Multimedia theater for private movie screenings, lectures, and presentations
Sun & Swim Terrace with pools, lounge chairs, cabanas, and poolside towel service
Aquatic Center with indoor, infinity-edge pool
Private dining room
Triple-height event space overlooking Biscayne Bay
Private rooftop helipad
Specialized security and valet personnel
Full-service concierge
Bank-quality vault with individual safe deposit box for every residence
One Thousand Museum Residence Features
Custom Italian cabinetry by Poliform
Fine quartz countertops by Silestone
Induction cooktop, oven, steam oven, microwave, dishwasher, and integrated coffee maker by Gaggenau
Refrigerator by Sub-Zero
Faucets and fixtures by Dornbracht, Duravit, and MTI
Interior doors by Lualdi Porte with door handles designed by Zaha Hadid
Custom-designed, Italian-made walk-in closets
Extensive state-of-the-art home automation by Crestron, allowing residents to control a range of in-residence applications including lighting, heating, air conditioning, audio, video, window treatments, and security
Oversized terraces
East-to-west flow-through floor plans
Demand for condominiums in Miami has increased within the past year. Residential home shortages, as well as an increase in relocations, are driving factors for this demand. According to Business Insider; bankers, fund managers, and executives are now moving to Miami from New York at an alarming rate. Luxury home sales tripled in December 2020 compared to the previous year and the future for this market looks even better!
Expansive Mixed Use Tower Planned for Downtown Miami
Miami-Dade planners are working hard on reviewing the pre-application for a large mixed-use project in Downtown Miami.
The property located at 1370 NE 2nd Ave is within the Metromover Subzone of the Rapid Transit Zone District. Within this zoning district, some rules apply which includes up to 1,535 units permitted as well as the 40% glazing requirements.
The tower is anticipated to rise 649 feet tall at 43 stories. Passing the district rules, the tower is proposed to have 1,441 residential units.
The tower will be designed by Rafael Viñoly architects but the city planners are asking for clarification on some of the design elements throughout the project.
The county has stated that the awnings, balconies, and weather protection elements need to be at least six inches from the curb face but the plans appear to encroach on the curb face. Specifically the parking garage for levels 2 through 12 are encroaching.
The open space and landscaping code also needs clarification.
Amenities for the tower will spread over 5 stories and include a state-of-the-art-gym, pool, office elements, and more.
There will be offices dedicated to the auditorium for the Miami-Dade County School Board which will spread over 100,000 square feet. Offices for Crescent Heights will also utilize 19,673 square feet of space.
The plans also show that there will be 9 levels of parking and an expansive ground floor designated for commercial space.
There are currently no scheduled dates to review revised plans but if approved, the ground breaking would begin in 2023.
