Hyde Midtown Coming Soon To Midtown Miami
by Sep Niakan | November 26, 2013
|Hyde Midtown rendering|
A Jorge Perez and Stephen Ross-led company has officially taken ownership of the site of their planned condo-hotel in Midtown Miami, The Real Deal has learned. PRH Midtown 3 took title to the 3301 Northeast First Avenue property in a $12.1 million transaction, according to Miami-Dade County records. Seller Midtown Opportunities IIB filed a special warranty deed with the county on Monday.
The buying company shares a mailing address with the Perez-led Related Group. PRH stands for Perez Ross Holdings, a joint venture between Related Group and New York-based The Related Cos., which is led by Ross. The venture was formed for a variety of South Florida investments and projects.
Messages left with a Related spokesperson were not returned.
Related announced over the summer that it planned to develop the Arquitectonica-designed Hyde Midtown tower on the property. The 31-story, 372-foot-tall building, considered a companion to SLS Hotel in South Beach, will have 440 units – 400 condo units and 40 hotel rooms. Of the condo units, most will be two-bedrooms. A 526-space parking garage and nearly 22,000 square feet of retail space are also part of initial development plans.
Related has had quite a busy week. Reports that the company has a $100 million contract to buy four waterfront acres at 444 Brickell Avenue surfaced on Monday. It also obtained approval from the West Palm Beach planning board for a 400-room convention center hotel project.
by Sep Niakan | January 22, 2017
Welcome to the month of love! February’s here, and it’s time to get into celebration mode once again. With Valentine’s being the highlight of the month, Miami’s got a mixed bag of events that will help singles and couples...
by Sep Niakan | January 12, 2017
According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...
by Sep Niakan | January 09, 2017
Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...
by Sep Niakan | January 08, 2017
Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...