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 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. 

Check Out These Newly Released Renderings of YotelPad Which Is Set To Break Ground In Downtown Miami Q4 2018

YOTELPAD has released new renderings as the project gears up to break ground by Q4 2018. The project is expected to cost $150 million and has set a timeframe for delivery in 2020. YOTELPAD in Downtown Miami will be the first East Coast location of YOTEL's new YOTELPAD concept. Located at 227 NE 2nd Street in Downtown Miami, YOTELPAD will be a 29 story tower designed by Stantec which was approved in July 2017 by Miami's Planning & Zoning Department. The project offers 208 residential units and 250 micro-sized hotel units, split with the residential units on top of the hotel units. Residential units come in 425 SF studios, one-bedroom and 708 SF two-bedroom floor plans; pricing starts at $250,000 and units will come fully furnished and move-in ready. Residential units will have the ability to be rented for short term via the hotel's rental pool. YOTELPAD is being developed as a joint venture between AQARAT, a Kuwaiti real estate company, and Aria Development Group.

Check Out The New Renderings of David Beckham's Proposed Freedom Park

New renderings of David Beckham and Jorge Mas' controversial proposal to build one of the biggest private office and retail parks in the U.S. on city owned land, known as Freedom Park, have been revealed. The Arquitectonica-designed proposal includes 400K SF of office space and 600K SF of  restaurant, retail and entertainment space; along with 750 hotel rooms and a 25,000 seat soccer stadium with only 3,750 parking spaces. The city would be on the hook to redevelop and maintain the remaining land at the site at the expense of tax payers. The developers would pay $20 million to the city over 30 years, amounting to a net present value of roughly $4 million. Last week commissioners decided to delay the vote on city referendum that could send the proposal to the voting ballot for taxpayers to decide its fate. 2 of the 5 commissioners are in favor but the public backlash has been vocal with charities such as The First Tee Miami staging protests and Related Group's Jorge Perez, amongst others have made their opposition public. Commissioners will vote again this week. 

Check-Out The Cipriani's Newly Revealed Mr. C Coconut Grove Hotel Designed by Arquitectonica

The Cipriani family is bringing a new hotel to Coconut Grove, featuring a modern, radical design by Arquitectonica which was influenced by Stiltsville in nearby Biscayne Bay. The development team recently revealed the hotel with new renderings and construction is nearing completion with the hotel expected to open this winter (2018). 

Located at 2988 McFarlane Road, Mr. C Coconut Grove will rise 5-stories and feature 98-rooms which are a mix of guest rooms and suites with private terraces. Pricing is expected to start around $325 per night matched with attentive European service from the staff. Mr. C Coconut Grove will also feature a new Italian dining concept with indoor and outdoor seating as well as the rooftop Bellini Restaurant and Bar. The project is being developed by Arquitectonica principal Bernardo Fort-Brescia's Main Highway Partners.

Newgard Development Group Completes The Sold-Out Gale Residences Fort Lauderdale Beach

Newgard Development Group has completed the Gale Residences Fort Lauderdale Beach, the 129-unit hotel-condo project which is located at 401 Bayshore Drive and part of the Gale Boutique Hotel & Residences project. Closings are expected to begin soon with a roughly $100 million sell-out. The residential part of the project, Gale Residences, first received its TCO in May 2017 and the hotel component of the project is expected to open by the end of 2018. In total, Gale Hotel & Residences will feature 129 residential suites and 96 hotel rooms. Harvey Hernandez' Newgard Development Group partnered with Dev Motwani's Merrimac Ventures on the project and construction was financed via a $35.6 million construction loan provided by HSF.

The Residences portion of the project rises 12-stories and features 122-suites ranging from one to three bedroom layouts, 800 SF - 2,100 SF, as well as 7 two-story beach homes. Amenities include a residents-only pool, gym, club room, movie theater, valet and and electric car-charging stations. Pricing ranged from $450,000 to $1.4 million and sales first launched in early 2015.

Construction is currently underway at the adjacent Escape Hotel, which helped launch Fort Lauderdale into prominence as a vacation destination upon opening in 1951, as it is being restored as the hotel portion of the Gale Boutique Hotel & Residences. Newgard Development Group closed on a $19.15 million construction loan to renovate the aging structure in early 2018. The financing, a first lien construction loan, was provided by the Dallas-based HALL Structure Finances (HSF). Menin Hospitality will manage the hotel upon opening. 

Demolition Now Underway On Site Of Future Allan Shulman-Designed Hotel Tower in Downtown Miami

Demolition is now underway at 511 NE 15th Street where Mandala Holdings is planning to build a 40-story hotel tower designed by Allan Shulman. In May the developers received a demolition permit for the 4,457 SF of existing buildings on the 11,700 SF site, although a construction permit to proceed with the new tower has not yet been applied for. The new tower will rise 580' and feature 270 hotel rooms, a rooftop bar, office space and retail.  The tower's design will feature a unique curtain wall system of colored glass. The property, which is adjacent to the future site of Resorts World Miami, is located the main artery leading onto the Venetian Causeway and at the base of the Adrienne Arsht Center Metromover. Mandala Holdings purchased the lot for $8 million in 2016. PROFILEmiami previously reported that The Courtyard by Marriott would be the operating entity and that the project was expected to be completed by 2020.

Related Group & sbe Announces Construction At 85% Sold Hyde Beach House Passes Halfway

The highly anticipated Hollywood Beach project Hyde Beach House, which is being developed in partnership by The Related Group and sbe, is now over 50% complete and 85% sold. The project is on track for a 2019 completion, and construction is currently on the 24th floor with John Moriarty & Assocaites. Hyde Beach House features 265 resort-condo units and 77 condominium residences, rising 43 floors. The tower was designed by Cohen, Freedman, Encinosa and Associates and features interiors by Brazilian designer Debora Aguiar. 

Hyde Beach House fuses the creative vision of sbe’s entertainment and hospitality offerings including Etaru, a Hyde signature restaurant overlooking the infinity-edge pool and accessible via the Intracoastal offering seasonal cuisine and signature craft cocktails, professionally managed by Gemstone. Other amenities include an elegant double-volume entrance lobby appointed with contemporary furniture and finishes, expansive pool deck with views of the Atlantic Ocean and the Intracoastal Waterway featuring semiprivate cabanas, an infinity-edge pool, an outdoor kitchen and dining area, and an outdoor movie theater with lounge area and fire pit, a sports Club featuring amazing Intracoastal views from an outdoor multi-use sports court (tennis, basketball and indoor racquetball court), state-of-the-art fitness center, health club, an aqua Club situated directly on the Intracoastal Waterway renting Jet Skis, paddle boards, kayaks, windsurfing, and kite surfing, and a private rooftop lounge area exclusive to unit owners with a hot tub, a modern outdoor shower, a lounge area with sunbeds, a dining area, a fire pit, and panoramic water views. 

Hyde Beach House features a curated collection of original works of contemporary art throughout amenity spaces featuring pieces from contemporary artists like Aureliano Parra, Gonzalo Fuenmayor, Felipe Echeverri, and Aldo Chaparro.

Adler Group Reveals Updated Plans For City of Miami's Riverside Center Designed By NBWW

Adler Group has revealed updated plans for the City of Miami's Riverside Center designed by Nichols Brosch Wurst Wolfe & Associates (NBWW). The project is located at 444 SW 2nd Ave. in Downtown Miami. The proposal features 4 towers, three of which would be mixed-use with residential, hotel and retail components while the fourth would feature office space. Adler currently owns a portion of the lot and a vote in November would allow the developer to relocate city staff and gain control of the riverfront city-owned building. The Urban Infill and Greenways Subcommittee of the Miami River Commission has backed the proposal. 

Related Group Pays Off $166 Million Construction Loan For SLS LUX Which Is Set To Open

Related Group has announced that they have paid off construction financing for the soon-to-open SLS LUX Brickell Hotel & Residences. The $166.1 million loan was issued by TPG Real Estate Finance Trust, the commercial real estate debt platform of TPG Real Estate, in September 2015, and is the fourth construction loan successfully paid off by the developer over the past 18 months. The grand opening is slated for June 14. The 450-unit mixed-use SLS LUX, which was co-developed with The Allen Morris Company, broke ground in December 2014, is now 100% sold-out, with over 400 units already closed and/or occupied. 

“Paying off the loan is a major milestone for us,” said Ben Gerber, Vice President of Finance for The Related Group. “It speaks to the quality of the product and to the strength of the Miami market.” 

“We are thrilled about the completion of our second project with sbe in Brickell,” added Carlos Rosso, President of The Related Group’s Condominium Development Division. “The opening of SLS LUX fulfills our long-time vision of a pedestrian-friendly South Miami Avenue, and buyers are excited to move in and begin living the lifestyle.” 

SLS LUX is the latest evolution from the award-winning SLS Hotels and Residences brand. The luxury tower is located just steps from Brickell City Centre in the heart of Miami’s Brickell neighborhood on South Miami Avenue and SE 8th Street. The project offers a mix of 450 residences and 78 hotel suites that blend exquisite décor by Yabu Pushelberg, world-class art, award-winning culinary offerings and exclusive lifestyle amenities and services. SLS LUX also features an array of food and beverage outlets from sbe's portfolio including SBar Lounge and a ground-floor restaurant and Katsuya, helmed by master chef Katsuya Uechi. 

150-Key Rudy Ricciotti-Designed Symphony Park Hotel Proposed To Be Built In South Beach

A 150-key Symphony Park Hotel, designed by famed French architect Rudy Ricciotti, has been proposed in South Beach across the street from the New World Symphony and Soundscape Park. The developers have filed plans with the city to demolish the existing South Beach Citibank which is currently on the property located at 1685 Washington Ave. in South Beach. The project is proposed complete with ground floor retail and restaurant space, 122 mechanical parking spaces, as well as an expansive rooftop complete with a pool, bar and restaurant. The developers, Sobe Center, LLC. will need a variance to allow them to adjust setbacks and build the proposed 8-stories, 83'; 7-stories, 80' is permitted under current zoning code. Miami Beach's Planning Board will review the proposal on June 26, 2018. Sobe Center, LLC. is associated with Richard and Ronald Finvarb as well as Jacques Chahine.