FAA Approves Citadel's Foster+ Partners-Designed Brickell Supertall Tower At 1,049'

Citadel’s new Foster + Partners-designed supertall tower at 1201 Brickell Bay Drive has received FAA approval at 1,049’, the maximum height permitted in Miami. The proposed project will be a mixed-use development featuring 1.4+ million square feet of office space, a 212-room rooftop hotel, fine dining restaurants, a health spa, fitness club, and more. The tower will rise 58-stories of floors with the hotel lobby at the top 58th floor and a landscaped pavilion atop the tower on the 62nd floor. In January 2025 PROFILEmiami reported that Ken Griffin brought in New York-based Related Companies to develop co-develop the tower.

Designed by Foster + Partners, the 1.7+ million square foot supertall tower will serve as the headquarters for Griffin's Citadel and Citadel Securities. Construction of the $1 billion-plus development is expected to begin in late 2025, with plans for subsequent phases that include additional office space, residential units, and parking facilities across the street.

Renderings via Citadel

The Melo Group Acquires Lot Adjacent To Brickell City Centre From Swire Properties For $211.5 Million In All Cash Deal

The Melo Group has acquired 2.83 acres of premium land from Swire Properties at 700-799 Brickell Avenue, strategically located next to Brickell City Centre, Miami’s premier shopping and culinary destination. The acquisition, valued at $211.5 million with the potential to increase to $221.5 million, was completed as an all cash deal. This acquisition places The Melo Group in a strategic position with unique and irreplaceable land next to Brickell City Centre which was previously the site for Swire Properties and Related Companies proposed One Brickell City Centre supertall office tower.

“This transaction was executed between both companies with remarkable collaboration and precision. We extend our sincere gratitude to Swire Properties, its president, Henry Bott, and the entire team for their professionalism and collaboration in ensuring a seamless process,” said Martin Melo, Principal at The Melo Group. “We are pleased to have secured such a significant property and look forward to unlocking its full potential in the heart of Brickell.”

The Melo Group is currently building waterfront dual tower Aria Reserve, a luxury enclave in the popular Edgewater neighborhood in Miami, and Downtown 6, a rental community in downtown Miami. They have built more over 8,000 units in the Downtown Miami area over the past 15 years.

“We have chosen this land in Miami’s urban core because we have witnessed its remarkable growth, continue to see its immense potential, and appreciate how vibrantly it has evolved into a cosmopolitan city.” Adds Carlos Melo, Principal at The Melo Group.

CBRE successfully marketed and facilitated the sale of the property on behalf of Swire Properties, with efforts led by Robert Given, Troy Ballard, Brad Capas, and James Quinn. "For a project of this scale and complexity, the buyers moved remarkably fast," said Given. "With their deep expertise in Miami, the Melo Group swiftly recognized the quality of the site and committed to an aggressive acquisition timeline."

Related Companies To Co-Develop Citadel's Waterfront Foster + Partners-Designed 1201 Brickell Bay Drive Supertall

Billionaire hedge fund manager Ken Griffin will be partnering with the New York-based Related Companies to develop co-develop Citadel’s new supertall tower at 1201 Brickell Bay Drive. The project, with a proposed height of 1,032 feet and 54 stories, will be a mixed-use development featuring 1.3 million square feet of office space, a 212-room rooftop hotel, fine dining restaurants, a health spa, fitness club, and more.

Designed by Foster + Partners, the 1.7 million square foot supertall tower will serve as the headquarters for Griffin's Citadel and Citadel Securities. Construction of the $1 billion-plus development is expected to begin in the third quarter of 2025, with plans for subsequent phases that include additional office space, residential units, and parking facilities across the street.

After announcing that both Citadel and Citadel securities will move to Miami from Chicago, Citadel was revealed as the buyer of 1201 Brickell Bay Drive after Tibor Hollo’s Florida East Coast Realty sold the 2.5 acre supertall development lot in a $363 million mega-deal in April 2022. Also in April 2022, Griffin acquired the adjacent 1250 Brickell Bay Drive and 1260 Brickell Bay Drive for $20 million, the lots total roughly 6,655 SF. The lots are adjacent to 1221 Brickell Avenue, which an entity tied to Citadel acquired in June 2022 for $286.5 million. The assemblage of properties spanning from 1221 Brickell Avenue to 1250-1260 Brickell Bay Drive is across the street from 1201 Brickell Bay Drive. The price equated to $145 million per acre, $3,340 PSF dirt value.

Ken Griffin’s net-worth is estimated to be about $31 billion and he has been one of the largest luxury property buyers in the world over the past several years. Also in Miami, Griffin has spent years and $170 million acquiring a Star Island assemblage. He made a splash when he acquired 8 Star Island Drive, a teardown built in 1993 on 1.8-acres, for $75 million. The sale set record for single-family home sales in Miami-Dade County at the time, a record Griffin is no stranger breaking. Griffin has also acquired the adjacent 10 Star Island for $25 million and 11 and 12 Star Island Drive in an off-market deal for roughly $37 million and 13 Star Island for $32.5 million. The acquisitions total $170 million. Griffin also set a record when he was revealed as the buyer in the mega-transaction for the four-acre waterfront Adrienne Arsht compound for a staggering $106,875,000.

Renderings via Foster + Partners

Related Companies Launches Sales At Waterfront Condo 'Shorecrest' in West Palm Beach

Related Southeast has launched sales for Shorecrest in West Palm Beach. The luxury condominium features stunning views of the Intracoastal Waterway, Palm Beach Island and the Atlantic Ocean. Located on North Flagler Drive, Shorecrest is designed by architecture firm Roger Ferris + Partners with residential interiors and amenities by Rottet Studio, and landscape design by DSBoca. The residences include 140 graciously scaled homes, penthouses and access to The Related Life, an impressive array of amenities, services and programming similar to those found at the most exclusive private members clubs around the world.

The renowned design team of Roger Ferris + Partners and Rottet Studio’s collaboration on Shorecrest is each firm’s first ground-up, new residential development in West Palm Beach. Roger Ferris + Partners’ striking design features a curvilinear façade with floor-to-ceiling glass that provides panoramic views of the water and ample light for each residence, creating a sense of openness and connectivity between indoors and out.

“Related has been dedicated to the growth of West Palm Beach for decades and we are proud to expand our luxury residential offerings with Shorecrest,” said Stephen M. Ross, Chairman and Founder of Related Companies. “Tailored to this thriving community, Shorecrest transforms a part of the waterfront while capturing a timeless aesthetic for residents.”

“West Palm Beach has solidified its status as one of the most sought-after addresses in the country,” said Kenneth A. Himmel, President and CEO of Related Urban. “Shorecrest is a feat of remarkable design from Roger Ferris + Partners, one of the most renowned experts in the industry, and demonstrates the strength of the local market.”

“Shorecrest offers an extraordinary lifestyle in West Palm Beach that prioritizes both design and function, offering gracious living spaces, many with terraces featuring panoramic waterfront views,” said Bryan Cho, Executive Vice President of Related Companies. “Building on Related’s legacy of delivering best-in-class, luxury residential buildings, Shorecrest will deliver unprecedented amenities, services and access to West Palm Beach.”

“Shorecrest resides on a spectacular site in West Palm Beach. The building features a curvilinear façade with a dramatic mosaic design on the exterior. Inside, floor-to-ceiling windows emphasize panoramic views and large outdoor terraces bring the outdoors into each residence,” said Roger Ferris, Founding Principal of Roger Ferris + Partners.

Rottet Studios’ brilliantly designed interiors at Shorecrest are finished with extraordinary detail. Kitchens offer custom White Oak European millwork, a suite of top-of-the-line Gaggenau appliances, and finishes of Cote D’Vaniglia and Calacatta Fioritto marble. Primary bathrooms feature limestone flooring, Namibia White marble walls, custom vanities, freestanding soaking tubs, and shower stalls with rain shower, handheld spray, and showerhead. With ceiling heights of approximately 9’6” that extend to 11’6” at the Penthouse floor, all residences feature White Oak wood plank flooring and numerous technology and wellness aspects including Lutron home automation for lighting and thermostat controls, enhanced cell service and super-fast network speeds, and ducted fresh air with multiple filtration points, filtered water, and multi-zone climate control.

“Shorecrest balances the classic refinement of Palm Beach, along with the relaxed attitude of contemporary South Florida. The serene interiors are intentionally light-filled and grand, drawing the sunlight indoors. The careful attention to detail and sculpted proportion in every room creates a strong residential attitude, and sense of intimacy. The interior finishes are fresh and timelessly inspiring, drawing inspiration from the sandy beaches and expansive water views nearby,” said Lauren Rottet, Founder of Rottet Studio.

Residents will enjoy world-class amenities and white-glove services encompassing the best in fitness, leisure, and entertaining in meticulously designed spaces. The stunning 60-foot rooftop pool with a 50-foot sun shelf features lounging areas as well as a dining and grill area, both with dramatic views overlooking Lake Worth, Palm Beach Island, and the Atlantic Ocean. The Club Level on the sixth floor features entertaining options that span throughout a private dining room, cocktail lounge, cafe, screening room, game room, and virtual reality lounge. Wellness options include a spa suite, state-of-the-art fitness center, and yoga room. Options for remote work in both a coworking lounge and executive meeting space.

Shorecrest residents enter through a luxuriously landscaped motor court, greeted by a doorman and valet, and welcomed into the lobby lounge staffed by a 24-hour attendant and concierge. Shorecrest will be managed by Related Management, widely considered the leader in luxury residential property management and acclaimed for their high level of service and lifestyle programming.

Related Southeast has been deeply committed to improving the West Palm Beach community for the past 25 years, with the introduction of new luxury residential projects and significant commercial properties in West Palm Beach, including The Square, One Flagler, East and West Towers, 360 Rosemary, RH West Palm, and the Hilton West Palm Beach.

A sales gallery for Shorecrest is expected to open in February 2024 and will be located at 460 S. Rosemary Ave, Suite 180, West Palm Beach, FL 33401. Related Florida LLC and Corcoran Sunshine Marketing Group are exclusively handling sales and marketing for Shorecrest, where pricing will start at approximately $1.3 million for a one-bedroom to $9 million for a four-bedroom.

Renderings via The Boundary

Related Companies Reveals Teaser For Shorecrest Condos on North Flagler Drive in West Palm Beach

Related Companies has unveiled a first look at Shorecrest, a luxury waterfront condo building along the Intracoastal Waterway on West Palm Beach’s North Flagler Drive. Related Companies revealed a first rendering as well as a teaser site for the project where marketing and sales will be handled exclusively by Corcoran Sunshine Marketing Group. Sales are set to launch in early 2024.

Shorecrest is designed by Roger Ferris + Partners and will feature an intricate mosaic design as well as world class amenities. The project feature 140 residences ranging from one-to-four bedroom floor plans with prices starting at approximately $1.5 million.

Related Companies Launches Sales For Robert A.M. Stern Architects-Designed 'South Flagler House' in West Palm Beach

Related Companies is set to launch sales for South Flagler House, an unparalleled luxury residential development located along the Gold Coast in West Palm Beach, featuring exquisite design and spectacular waterfront views. The first luxury residential high-rise in Florida designed by world-renowned architecture firm Robert A.M. Stern Architects (RAMSA), South Flagler House continues Related Companies’ longstanding partnership with the firm, which spans more than two decades and 17 buildings across the country.

Located at 1355 South Flagler Drive, RAMSA’s architecture features two, 28-story towers rising from a base lined with stepped gardens. South Flagler House’s elegant design blends with the timeless character of Palm Beach, while celebrating a prime waterfront location just south of downtown West Palm Beach, providing permanent unobstructed views of the Intracoastal and Atlantic Ocean. The globally recognized firm, Pembrooke & Ives designed the interiors for the residences, which have been crafted with a meticulous eye for quality and detail.

South Flagler House includes two to five-bedroom homes priced from $5.9 million to $72.5 million. One of the country’s top agents, Suzanne Frisbie, of Frisbie Palm Beach, will lead sales for South Flagler House, along with Corcoran Sunshine Marketing Group.

“For 25 years, Related Companies has developed significant properties in West Palm Beach that have transformed the area into a major destination for some of the nation’s most prestigious companies. As our first luxury residential condominium in Florida, South Flagler House not only complements these achievements but elevates them with forward thinking design and a curated experience that only Related can offer,” said Stephen M. Ross, Chairman and Founder of Related Companies.

“South Flagler House is a masterpiece of timeless character and elegance that is destined to become the new benchmark all other luxury residential developments in West Palm Beach will be measured against,” said Kenneth A. Himmel, President and CEO of Related Urban. “Offering an uncompromising lifestyle in an enviable and premiere waterfront location, the building is an important new landmark and one of the most significant high-rises ever built in West Palm Beach and South Florida.”

“Related Companies is continuing two very important longstanding traditions with South Flagler House. The first is Related delivering luxury residential buildings that provide a best-in-class offering in the market. The second is our ongoing collaborative partnership with Robert A.M. Stern, which for more than two decades, has resulted in 17 buildings that have defined elegant and exceptional design,” said Bryan Cho, Executive Vice President of Related Companies.

South Flagler House will feature 108 homes including penthouses and guest suites. Each home is expansive in scale. Private elevator access opens up to stunning entryways and expansive great rooms. Homes feature high ceilings, thoughtfully designed bedroom suites with walk-in closets, large kitchens, and many feature additional family rooms, offices and guest rooms. Oversized windows showcase the spectacular views, and many residences feature large private outdoor spaces, including covered loggias and open terraces. South Flagler House also offers access to The Related Life, an impressive array of amenities, services and programming similar to those found at the most exclusive private members clubs around the world.

“Related Companies is bringing a new landmark to West Palm Beach's premium waterfront with the upcoming sales launch of South Flagler House, an iconic Robert A. M. Stern residential tower, poised to be one of the finest buildings in the world. This luxury property combines beautifully proportioned homes with expansive amenities and programming, affording condominium living previously unavailable in the Palm Beaches,” said Suzanne Frisbie.

South Flagler House offers an unprecedented range of amenities designed to help residents of all ages relax, train, socialize, entertain and play. Sports and Fitness amenities include a pickleball court, sports lounge, golf simulator, state-of-the-art fitness center, Pilates studio, golf simulator lounge, outdoor recreation lawn area, flexible fitness studio and outdoor lawn for high-intensity interval training and yoga. Swim and Spa amenities include a 25-meter lap pool with sun shelf, private cabanas, hot tub, salon and spas that feature vitality pools, ice plunges, steam, sauna, treatment rooms and changing/locker rooms.

Social and Entertaining amenities include indoor and outdoor lounges, event rooms with catering kitchen, indoor dining room, private dining rooms, cocktail lounge, outdoor dining patio, wine cellar dining room, library, media room, card game room, and games room which includes ping pong, billiards and foosball. Business amenities include a business center, private offices, conference rooms, outdoor meeting spaces and co-working spaces. Children’s recreation amenities include an indoor playroom, teens lounge with kitchenette, makerspace and outdoor sprinkler garden.

Residents enter South Flagler House through a tree-lined, 360-foot private driveway, which leads to a circular motor court with a stunning fountain at its center. Residents are greeted by both a doorman and valet, before entering a dramatically-scaled, light-filled lobby staffed by a 24-hour attendant and concierge.

Related Companies has a 25-year history of developing significant properties in West Palm Beach, beginning with CityPlace in 1999, which has recently been reimagined into The Square. Under the leadership of Stephen M. Ross and Kenneth A. Himmel, Related Companies’ West Palm Beach office has grown to nearly 100 professionals dedicated to the growth of the community. Executive Vice President Bryan Cho, who has led luxury residential developments across the country for Related, including 70 Vestry, The Century, 456 Washington and most recently, The Set and Coterie, has relocated to West Palm Beach and will oversee the development program at South Flagler House. Related Companies’ other West Palm Beach developments include One Flagler, East and West Towers, 360 Rosemary, RH West Palm and the Hilton West Palm Beach.

Demolition for South Flagler House is expected to start this month, and groundbreaking will commence in 2024.

Swire Properties and Related Companies Commence Demolition On Future Site of One Brickell City Centre Supertall Office Tower

Swire Properties Inc., the U.S. subsidiary of global developer Swire Properties Limited, and Related Companies, one of the most prominent privately-owned real estate firm in the United States, have officially commenced demolition on the site of the future One Brickell City Centre, an approximately 1,000-foot supertall tower that will be the tallest commercial building in Florida. Miami Mayor Francis X. Suarez, Henry Bott, the President of Swire Properties and Stephen M. Ross, the Chairman and Founder of Related Companies, were in attendance at the event today to celebrate moving forward with this premier office development that validates the tremendous strength of the Miami office market. As part of the program, one of the buildings currently on the site was partially demolished through a stunning display where multiple floors of glass and concrete were carved out of the structure.

One Brickell City Centre will feature 1.4 million total square feet of office space and the largest floorplates ever approved for a commercial office building by the City of Miami. Located in the heart of Miami’s financial district, at the corner of Brickell Avenue and SE 8th Street, it will overlook the Miami skyline offering 360-degree views of Biscayne Bay, Miami River, and Downtown Miami. One Brickell City Centre is the second phase of Brickell City Centre, a $1.05-billion, 4.9-million-square-foot, mixed‐use development that opened in 2016 and was developed by Swire Properties.

“This will be an iconic building that will reshape the Miami skyline, the third-largest skyline in America. It will attract the world’s best talent to Miami. Thank you to Related and Swire, who have doubled down with confidence in the future of our city,” said Miami Mayor Francis X. Suarez.

“One Brickell City Centre is a transformative development that sets the standard for the future of office buildings and showcases to the world’s leading companies that Miami is the new destination to call home. Swire Properties and Related Companies take great pride in collaborating on a truly innovative office development that features thoughtful design, cutting-edge technology and amenities and features that aren't available elsewhere in Miami’s office market,” said Henry Bott, President of Swire Properties Inc.

“Today marks an inflection point in the Miami office market as the workplace of yesterday is torn down to make way for future,” said Stephen M. Ross, Chairman and Founder of Related Companies. “One Brickell City Center combines the best-practices of luxury hospitality and wellness projects with the latest workplace insights to create the flexible, amenity-driven, lifestyle workspace that leading companies, many of them already Related tenants in other markets, are increasingly looking for to fuel collaboration, engagement and retention of top talent.”

Internationally renowned architecture firm Arquitectonica designed the building with the office of the future in mind, with features and amenities ideal for tenants in Miami’s fastest growing sectors including financial services and technology. One Brickell City Centre features thoughtfully envisioned and spacious floor plans, outdoor terraces on nearly every floor, column free interiors, numerous indoor/outdoor spaces for meetings and gatherings, and state-of-the-art technology features to meet the needs of the most discerning office tenants.

One Brickell City Centre marks the first time Swire Properties has collaborated with Related Companies. Both companies share a vision for creating vibrant neighborhoods that change the urban landscape with innovative developments that positively impact communities for generations to come.

Related Companies has extensive experience in Florida and has redeveloped Downtown West Palm into one of the nation’s fastest growing commercial, retail, culinary, art and tourism destinations. Related Southeast leads the market in Class AA office with 360 Rosemary, CityPlace Tower, Esperanté, Phillips Point and the forthcoming 1 Flagler, as well as the celebrated destinations of Rosemary Square, Hilton West Palm Beach, and RH West Palm. Swire Properties has spearheaded the transformation of Miami as well as Brickell’s history and skyline by instilling its core values of quality, integrity, originality and long-term focus to each of its developments, which include Brickell City Centre, the Mandarin Oriental Hotel, EAST Miami hotel and restaurants, as well as the entire island community of Brickell Key.

One Brickell City Centre is situated at the entrance to Brickell City Centre, which is LEED Gold Certified and includes: 500,000 square feet of shopping, culinary and entertainment offerings; the 352 key EAST Miami hotel; the condominium towers Reach & Rise; two additional office towers providing 260,000 square feet of space; the $30 million Climate Ribbon, which promotes sustainability through water conservation and energy efficiency; and a 2,600-space underground parking garage. It can be accessed directly from the I-95 at SW 8th and is in close proximity to many city transit options.

Other supertalls coming to Miami include Waldorf Astoria Hotel & Residences Miami which was recently issued the first vertical construction permit for a supertall in Florida. The tower is nearly sold-out and is being developed by PMG and Grey brook Realty Partners, Mohari Hospitality, S2 Development and global hospitality company Hilton (NYSE: HLT). Another is 888 Brickell, a luxury condo tower at 888 Brickell Avenue being developed by JDS Development which was previously branded as MAJOR in partnership with Major Food Group. Most recently billionaire hedge fund magnate Ken Griffin and his firm Citadel are planning a supertall bayfront mixed use office tower at 1201 Brickell Bay. Related Companies has also been quite active in the Palm Beach office market.

Renderings of Related Companies Frank Gehry-Designed Redevelopment Of The Deauville Miami Beach

Related Companies, led by the billionaire owner of the Miami Dolphins Stephen Ross, has revealed the first renderings of the Frank Gehry-designed two tower project proposed to replace the Deauville Beach Resort in Miami Beach at 6701 Collins Avenue. The two towers would feature 125 residential units and 175 hotel units with the tallest tower rising 373’. Initial plans point towards an Equinox-branded project. Related Companies owns both fitness and lifestyle brand Equinox and developed the Equinox Hotel in New York City’s Hudson Yards. On November 8 a voter referendum will decide if the developers can proceed with an increased density on the site. The proposed project has already successfully received a zoning amendment in before the Miami Beach Commission voted in favor of placing the referendum on the November 8 ballot.

The existing historic Deauville Beach Resort was designed by Melvin Grossman and was where the Beatles had their second performance in the United States on February 6, 1964. The 540-room hotel was built in 1957 but ownership in recent years has left the structure fall into a decrepit, uninhabitable state and has been declared an unsafe structure.

Related Companies and Swire Properties Reveal One Brickell City Centre Supertall Office Tower

Related Companies and Swire Properties have revealed plans for One Brickell City Centre, a new supertall office tower which will be adjoined to Brickell City Centre. Construction is expected to start in 2023 and the tower will be the tallest commercial tower in Florida upon completion. One Brickell City Centre is designed by Arquitectonica and will offer 1.6 million SF of office space as well as the largest floor plates for a Class A office tower in Miami.

The tower will be located at 700 Brickell Avenue and 799 Brickell Plaza and will be connected to Brickell City Centre, which features over 500,000 SF of shopping, dining and entertainment and was developed by Swire Properties. The announcement signifies strength and growth in the Miami office market as the city continues to attract top technology and finance companies from high-tax states such as California and New York.

Other supertalls coming to Miami include Waldorf Astoria Hotel & Residences Miami which was recently issued the first vertical construction permit for a supertall in Florida. The tower is nearly sold-out and is being developed by PMG and Grey brook Realty Partners, Mohari Hospitality, S2 Development and global hospitality company Hilton (NYSE: HLT). Another is MAJOR, a Major Food Group-branded luxury condo tower at 888 Brickell Avenue being developed by JDS Development and Major Food Group and Related Companies has also been quite active in the Palm Beach office market.

Related Companies Acquires 50% Interest In Esperanté Corporate Center In West Palm Beach

The NYC-based Related Companies, led by Miami Dolphins owner Stephen Ross, has added to their West Palm Beach office portfolio after partnering into the Esperanté Corporate Center. Related Companies acquired a 50% stake in the office tower from the New York-based RedSky Capital, the London-based JZ Capital Partners owns the remaining 50%. The property was roughly 80% leased at the time of closing. The Red Sky Capital and JZ Capital Partners joint venture initially acquired the property in 2016 for $125.75 million.

The Esperanté Corporate Center spans 256,100 SF of Class A office space on a 2.1-acre site at 222 Lakeview Ave. in Downtown West Palm Beach. The property was initially developed in 1989. Tenants include Merrill Lynch, Bank of America and Raymond James. The vacant suites are being marketed by Tower Commercial Real Estate.

Related Companies is the largest Class A office owner in Downtown West Palm Beach. In January 2021 Related Companies acquired the Phillips Point office complex in West Palm Beach for roughly $282 million and in May 2021 acquired CityPlace Tower for $174 million. Related Companies is also developing the 360 Rosemary office tower and has approvals to break ground on another waterfront office tower, One Flagler, which is expected to break ground in October.

Images via Tower Commercial Real Estate

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