CAOBA Miami Worldcenter Reveals New Renderings As Tower Powers Towards Completion
CAOBA Miami Worldcenter has revealed new renderings and launched a website in anticipation of the buildings upcoming completion. CAOBA’s market-rate rental apartments range in size from 500 SF studios to 1,300 SF 3-bedroom floor plans.
CAOBA Miami Worldcenter has revealed new renderings and launched a website in anticipation of the buildings upcoming completion. CAOBA’s market-rate rental apartments range in size from 500 SF studios to 1,300 SF 3-bedroom floor plans. Residences feature 9' ceilings, contemporary design finishes, in-unit washers and dryers, and private balconies that open up to sweeping views of Biscayne Bay and the downtown Miami skyline. Amenities, including a pool deck overlooking downtown, a fitness center, a clubroom and an outdoor dog-walking lawn.
CAOBA was the first tower in the 27-acre, $2 billion Miami Worldcenter mega-project to top-off at 43 stories in Downtown Miami's Park West neighborhood. The transit-oriented rental complex is bringing 444 market-rate apartments to Miami’s urban core along with 888 parking spaces. CAOBA also will bring more than 20,000 SF of ground-floor retail space which will feature shops and restaurants, connecting Miami Worldcenter’s ‘High Street’ retail promenade and plaza to the east between Northeast 1st and 2nd Avenues.
The project was formerly known as the first phase of the Seventh Street Apartments and was co-developed by CIM Group with Falcone Group. CAOBA is located at 698 Northeast 1st Avenue and is one block from Miami Central, downtown’s new transportation hub and Brightline’s high-speed rail Miami terminal, which offers direct train service to Fort Lauderdale, West Palm Beach and Orlando. The 27-acre, 10-block Miami Worldcenter is one of the largest private real estate developments currently under construction in the United States. Miami Worldcenter features a diverse mix of urban land use, including high-street retail, hospitality, office and residential uses surrounded by world-class amenities and boasting convenient access to transit.
Check out the website: https://www.caobamwc.com
Adler Group & 13th Floor Investments Propose Link at Douglas At Douglas Road Metrorail Station
Adler Group and 13th Floor Investments have submitted plans for Link at Douglas to Miami-Dade County, representing the first step of their multi-phase plan bring a mixed-use development to the Douglas Metrorail Station.
Adler Group and 13th Floor Investments have submitted plans for Link at Douglas to Miami-Dade County, representing the first step of their multi-phase plan bring a mixed-use development to the Douglas Metrorail Station. The proposal includes a 40-story tower with 11-story parking garage and 406 residential units along with 60K SF of retail. The tower will rise 450' and is being designed by Arquitectonica. Construction is expected to begin Q1 2019.
The 1.2 Million SF Zyscovich Architects-Designed Aventura ParkSquare Receives TCO
Aventura ParkSquare has received its Temporary Certificates of Occupancy (TCO) from Miami-Dade County as the mixed-use projects gears up to open to residents and commercial tenants. Aventura ParkSquare is being developed by Integra Investments and was revealed in 2014 before breaking ground in 2016.
Aventura ParkSquare has received its Temporary Certificates of Occupancy (TCO) from Miami-Dade County as the mixed-use projects gears up to open to residents and commercial tenants. Aventura ParkSquare is being developed by Integra Investments and was revealed in 2014 before breaking ground in 2016. The project was designed by Zyscovich Architects and the 7.4 acre project, which is located at Waterways Boulevard and NE 207th Street, is designed to promote a walkable lifestyle with ground floor activity and a shaded, interior main street pedestrian promenade. The project includes 1.2 million SF of total development spread over 5 buildings featuring a 9-story office and condo building, a 45K SF medical center, a 207-key Aloft Hotel, a senior housing building and a parking garage. Tenants include Starbucks, Doc B's, Barry's Bootcamp, and Delicious Raw Kitchen and Juice Bar.
Miami's UDRB Approves The 224-Unit Altis For Little Havana
Miami's Urban Development Review Board (UDRB) has approved the 224-unit Altis at 2100 SW 8th Street in Little Havana. The project will rise 8 stories and will feature 224 apartment rentals, 351 parking spaces and ground floor retail.
Miami's Urban Development Review Board (UDRB) has approved the 224-unit Altis at 2100 SW 8th Street in Little Havana. The project will rise 8 stories and will feature 224 apartment rentals, 351 parking spaces and ground floor retail. The developers received a 10% reduction in parking waiver. Altis is being designed by Anillo Toledo Lopez and being developed by Altman Development Corporation.
Dezer Development & Related Group Celebrate Top-Off Of Residences by Armani/Casa In Sunny Isles
The Residences by Armani/Casa is one step closer to completion as Dezer Development and The Related Group have announced that the tower has topped off at 649' and is now 80% sold. The development team and the tower’s general contractor, Coastal Condominiums, and executive architect, Sieger Suarez Architects, commemorated the topping off.
The Residences by Armani/Casa is one step closer to completion as Dezer Development and The Related Group have announced that the tower has topped off at 649' and is now 80% sold. The development team and the tower’s general contractor, Coastal Condominiums, and executive architect, Sieger Suarez Architects, commemorated the topping off of the 56-story contemporary glass tower designed by world-renowned architect César Pelli with a luncheon for over 500 construction workers, engineers and other contractors involved in the project. The project is expected to be completed in Fall 2019.
“This announcement is another major milestone for Armani/Casa’s first branded real estate project in the U.S.,” said Gil Dezer, president of Dezer Development. “We’ve always been proud of the special characteristics of this unique project, but seeing Residences by Armani/Casa coming to life and now in its final dimensions is a great moment."
“We are extremely pleased to bring the internationally-celebrated talents of César Pelli and Giorgio Armani to Sunny Isles Beach, further defining the city as one of the world’s leading addresses for elegant living and sophisticated design,” said Jon Paul Perez, Vice President of The Related Group. “Residences by Armani/Casa, with its world-class team of designers and architects, has already delivered a new dimension to South Florida’s ultra-luxury, high-end real estate market.”
Units at Residences by Armani/Casa range in size from 1,350 SF to 5,820 SF and are priced from $2 million to $17 million for the tower’s duplex penthouse. The Residences by Armani/Casa will feature over 35,000SF of incomparable amenities across two floors, all exquisitely designed and custom-furnished by the Armani/Casa Interior Design Studio under the artistic direction of Giorgio Armani. Appealing to the most sophisticated of buyers, Residences by Armani/Casa’s amenities include a Lounge on the lobby level and a Prive area, a fine dining restaurant, cigar room and wine cellar, heated swimming pool, ocean-facing fitness center, two-story revitalization spa with indoor and outdoor treatment rooms, movie theatre, and clubroom. The lush outside features exclusive beach amenities on a 300' stretch of private shore complete with a three-acre garden oasis designed by the tower’s award-winning Swiss landscape artist, Enzo Enea, as well as monumental sculptures by internationally recognized artists, Sandro Chia and Boaz Vaadia.
Check out PROFILEmiami's coverage of Residences by Armani/Casa
Two Roads Development Locks Down $138 Million Construction Loan For Elysee In Edgewater
Two Roads Development has officially secured a $138 Million construction loan for Elysee, their luxury condominium tower rising in Edgewater. The financing was provided by JPMorgan Chase Bank, National Association as construction teams have already taken the tower vertical.
Two Roads Development has officially secured a $138 Million construction loan for Elysee, their luxury condominium tower rising in Edgewater. The financing was provided by JPMorgan Chase Bank, National Association as construction teams have already taken the tower vertical. Latham & Watkins LLP represented Two Roads Development in the transaction with a team led by partners Robert Buday, Rachel Bates, and Diana Doyle. The loan comes as the development approaches the 50% sold mark, with unit sales representing more than $100 million in total transaction value. Vertical construction of Elysee commenced last month following the completion of the tower’s major foundation pour of more than 5,000 tons of cement for the building’s concrete mat. Located on Biscayne Bay at 788 NE 23rd Street, when complete Elysee will rise 57-stories with delivery expected in 2020.
“Construction is in full swing at Elysee and this financing will provide for the continued development and completion of the tower,” said James Harpel, Chairman and Senior Partner of Two Roads Development. “Elysee’s waterfront location, combined with Bernardo Fort-Brescia’s innovative architecture and Jean-Louis Deniot’s sophisticated designs, continues to resonate with local and international buyers alike in the form of strong presales – a powerful combination that has attracted a financing institution as prestigious as JPMorgan.”
Elysee is being developed by Two Roads Development in partnership with entities managed by New York-investment firm DW Partners. The tower was designed by architect Bernardo Fort-Brescia of Arquitectonica. The tower will feature 100 half-floor and full-floor residences priced from $1.5 million to $14 million. The tower will feature 3-tiered telescoping shape will provide direct 180-degree bay and city views from every residence. Luxury residences at Elysee will include floor-to-ceiling glass windows and sliding doors, private elevators and foyers, 10' to 12' ceilings, designer finishes and fixtures, premium appliances, top-of-the-line Italian cabinetry, as well as two expansive east/west-facing terraces with 180-degree sunrise and sunset views. Interiors were designed by Paris-based interior architect and designer Jean-Louis Deniot. The 7th floor will feature an amenity deck which will include a resort-sized lap pool with a poolside refreshment bar, outdoor summer kitchen and barbecue terrace; waterfront fitness center and yoga studio; spa facilities with private sauna, steam and massage rooms; children’s lounge; and a blow-dry bar. The 30th-floor will feature an Owners Sky Lounge with Grand Salon lounge area and full bar; a Grand Dining Room with seating for up to 30 guests; a professional-grade chef’s kitchen and chef’s table; and a library/private theater, game room, and wine room. Cervera Real Estate is the exclusive sales team for Elysee.
Construction Underway On Magic City Innovation District As Leasing Of Commercial Space Kicks Off
Magic City Innovation District (MCID), a 17.7-acre Innovation District in Miami’s Little Haiti and Little River neighborhoods, has commenced renovations on 17 of its 21 commercial buildings. The project's first phase of commercial development features 200,000 SF of leasable space spread through several modernized warehouses.
Magic City Innovation District (MCID), a 17.7-acre Innovation District in Miami’s Little Haiti and Little River neighborhoods, has commenced renovations on 17 of its 21 commercial buildings. The project's first phase of commercial development features 200,000 SF of leasable space spread through several modernized warehouses. Designs for the commercial spaces, which range from 300 to 14,000 SF, are spearheaded by a variety of local design firms, including McKENZIE and ELM Architects. MCID anticipates being ready to receive office, retail and other commercial tenants as early as September 2018. Metro 1, South Florida’s leading real estate brokerage, management and development firm, will handle leasing efforts for the 17 spaces, geared toward creative-style tenants that align and shape MCID’s atmosphere and further promote foot and auto traffic throughout the neighborhood.
“The majority of our team has been working behind the scenes for over a decade, and now, it’s finally a reality,” said Tony Cho, founder and CEO of Metro 1 and a MCID founding partner. “Soon you will be able to walk through Phases 1 & 2 of Magic City and experience how the vision behind the property interacts and attracts a true innovation ecosystem to Miami, while preserving Little Haiti’s unique character.”
MCID spans 6 city blocks and intends to redevelop the Little Haiti and Little River neighborhoods to create a walkable, campus-like neighborhood where individuals from all demographic backgrounds can enjoy a high-quality live, work, play lifestyle. With an emphasis on technology, sustainability, health and wellness and art and entertainment, MCID will contribute to the economic vitality of the area and enhance the appeal of the community. Phase two of the MCID development is the Forest of Curiosities park created in partnership with Lune Rouge, the Montreal-based enterprise founded by Cirque de Soleil founder, Guy Laliberté. The park promotes innovation, creativity and entrepreneurship and will have a central role in the curation and creative direction of Magic City’s arts and entertainment venues.
“Magic City’s long-term development schedule and unique large-scale format makes the leasing process totally different from what you’d typically see at a new construction project elsewhere in the city. We’re looking for retail partners who not only share our desire to reinvigorate the surrounding community with new energy, but also complement the area’s existing vibe,” said Andres Nava, Vice President of Commercial Leasing at Metro 1. “Finding the right balance can be challenging, but we’re determined to fulfill our promises and create something that will benefit the entire community, not just the development team.”
MCID is also offering short-term lease opportunities, with spaces ranging from 300 SF to 30,000 SF. One of the few large-scale event venues in the City of Miami, these spaces are now available to host local community events as well as large-scale national/international conferences.
Check Out How The $620 Million Renovation Of The The Miami Beach Convention Is Coming Along
The 3-year, $620 million renovation of the Miami Beach Convention Center is powering towards completion. The redesign, which features 500 aluminum fins which are influenced by ocean waves, was designed by Fentress Architects, Arquitectonica and West 8.
The 3-year, $620 million renovation of the Miami Beach Convention Center is powering towards completion. The redesign, which features 500 aluminum fins which are influenced by ocean waves, was designed by Fentress Architects, Arquitectonica and West 8. Miami Beach Convention Center features 1.4 million SF of total development including a 500,000 SF exhibit hall, 4 ballrooms and 127,000 SF of meeting space. The renovation will also bring a contemporary multimedia screen and futuristic lighting on the ballroom ceilings. Construction is expected to be completed by December 2018 for Art Basel and construction on the adjacent park, the final piece of the renovation, should begin shortly.
Imagery by Craig Denis
Robert Wennett Proposes Bjarke Ingels-Designed Special Area Plan For Miami Produce Center In Allapattah
Robert Wennett has submitted a Special Area Plan to build a mixed-use complex, Miami Produce Center, in Allapattah designed by none other then the starchitect Bjarke Ingels. The project is proposed on 8.54 acres located at Northwest 21st and 22nd Streets, and between Northwest 13th and 12th Avenues.
Robert Wennett has submitted a Special Area Plan to build a mixed-use complex, Miami Produce Center, in Allapattah designed by none other then the starchitect Bjarke Ingels and his firm BIG Architects. The project is proposed on 8.54 acres located at Northwest 21st and 22nd Streets, and between Northwest 13th and 12th Avenues. The proposal will feature 8 buildings will offer over 860,000 SF of residential; 231,000 SF of office space; 114,000 SF of hotel; 76,000 SF of school, 75,000 SF of retail and 1,149 parking spaces. Wennett, who developed the iconic Herzog & de Meuron-designed 1111 Lincoln Road parking garage, purchased the property in 2016 for $16 million and closed on $20.6 million of financing for the properties via SunTrust Bank in August 2018.
PARAMOUNT Miami Worldcenter Tops Off In Downtown Miami With Over $400 Million In Sales
PARAMOUNT Miami Worldcenter has officially topped out in Downtown Miami as the tower is now an icon on the Miami skyline. Development and construction teams celebrated the banner moment by raising 50 flags from around the world atop the Miami Skyline in celebration of the more than 550 construction workers who helped achieve the milestone.
PARAMOUNT Miami Worldcenter has officially topped out in Downtown Miami as the tower is now an icon on the Miami skyline. Development and construction teams celebrated the banner moment by raising 50 flags from around the world atop the Miami Skyline in celebration of the more than 550 construction workers who helped achieve the milestone. The 50 flags represent the most global buyers in one residential building in the United States. The signature residential tower of the massive 27-acre mixed-use Miami Worldcenter development is being developed by Dan Kodsi, Nitin Motwani, and Art Falcone and the project’s general contractor, CoastalTishman, a joint venture between Coastal Construction and AECOM Tishman. Construction crews from CoastalTishman poured the massive building foundation in October 2016.
“This is a banner moment for PARAMOUNT Miami Worldcenter and we celebrate our construction team, sales team, financial institutions and future residents from around the world who made this vision possible,” said developer Dan Kodsi. “Miami has become a truly global city and this building is a clear indication of that with buyers from more than 50 countries. We take enormous pride in knowing that this tower reflects the soul of Miami – its diversity and potential has resounded overwhelmingly with families from around the world and we are one step closer now to welcoming our first residents home.”
“The completion of vertical construction at PARAMOUNT – our signature condominium tower – marks another major milestone for Miami Worldcenter and the continued metamorphosis of downtown Miami,” said developer Nitin Motwani, managing principal of Miami Worldcenter Associates. “I want to personally thank CoastalTishman, and our entire team of professionals who helped us reach this stage. From this point forward, we’re going to see a steady stream of Miami Worldcenter’s mixed-use elements delivering to market – residential, retail, office and hotel – as our vision for a ‘city within a city’ in Downtown Miami becomes reality.”
“All of us at CoastalTishman are honored to build this landmark tower for Paramount Ventures and commemorate this moment with the entire team,” said Tom Murphy, Jr., chairman and CEO of Coastal Construction Group. “It’s so gratifying to be a part of such a visionary development that is changing Miami’s cityscape.”
PARAMOUNT Miami Worldcenter is the only residential tower currently for sale within the mixed-use Miami Worldcenter site. The tower features the largest amenity deck in the U.S., spanning 90' above downtown Miami featuring an extraordinary array of action-packed amenities that includes the country’s first outdoor soccer field to be featured in a high-rise residential development; two tennis courts; a resort-style pool; and multiple bungalows and villas, among others. In all, PARAMOUNT Miami Worldcenter offers 500 city- and bay-view residences. Units range in size from 1,180 SF to 2,350 SF, with and prices start around $750 SF.
PARAMOUNT Miami Worldcenter has achieved more than $400 million in sales. The tower is constructed atop Miami Worldcenter’s high street retail component, a pedestrian-oriented shopping streetscape that is being developed in collaboration with The Forbes Company and Taubman. Miami Worldcenter’s retail plan reflects downtown Miami’s emergence as one of the country’s fastest-growing urban centers, home to a population that has doubled in size since 2000, with a streetscape that has become more pedestrian-friendly in recent years.
Bentley Residences Miami hosted the Torcal’s Florida debut, pairing Bentley’s first fully electric production vehicle with a tour of its model residence and private garage.