Miami Condo Market and Lifestyle Updates
Related plans three-tower development in Brickell

Related plans three-tower development in Brickell

by Sep Niakan | December 10, 2013

The Related Group plans to build a three-tower mixed-use project at the waterfront Brickell site it is about to acquire, The Real Deal has learned.

Related is scheduled to close on the purchase of 444 Brickell Avenue next Monday for an undisclosed price, the company announced. Previous reports indicated the company had a contract to buy the four-acre site for about $100 million. It intends to develop One Brickell on the two properties.

Plans for One Brickell include 1,200 residential units, a five-star hotel with about 200 rooms and convention space and at least 200,000 square feet of office and retail space. Two prominent architectural firms, Miami-based Arquitectonica and Pelli Clarke Pelli of Connecticut, have been hired to design the towers and commons areas. The 80, 70 and 55-story buildings would total more than four million square feet.

“This is the most important development in the urban core,” Related CEO Jorge Perez said in the company’s written announcement. “One Brickell is the link that will unify the neighborhood by bringing pedestrian-friendly walkways from east Brickell all the way to Brickell CityCentre.”

Related developed the 1,800-condo Icon Brickell complex across the street from the 444 Brickell site, which presently includes an office building with a Capital Grille restaurant on the ground floor.

 

Source: therealdeal.com

Recent posts

Lifestyle

Car-free in Miami: How to Give Up Your Car for Lyft and Uber . . . and Love it.

by Sep Niakan | November 29, 2016

This is a story of how one Miami condo dweller (that's me, Sep Niakan) gave up his car at the end of his lease and gained freedom (and $$) in its place. If you have been thinking of getting rid of your car or know someone who is, read...

Real Estate News

How Miami Condo Sales Will Benefit from New FHA Lending Rules

by Sep Niakan | November 24, 2016

Lending, specifically FHA lending, is inching forward in favor of Miami Condos. Before President Trump pulls out any game-changers, I thought it would be the right time to reflect on a Bill passed into law by President Obama this August. The...

Real Estate News

Reflecting on BrickellHouse Robotic Parking Garage Failure

by Sep Niakan | November 22, 2016

It’s been almost a year since BrickellHouse’s robotic parking garage blunder, and I’ve been thinking about what this means for the automated parking business in Miami condos. In brief, Boomerang Systems (the robotic garage...

Real Estate News

What’s behind Downtown’s Latest Population Explosion?

by Sep Niakan | October 31, 2016

From a humble 9-to-5 district to after-dark playground for the it-crowd, Downtown Miami has had quite a turnaround in the past decade or so. According to the latest Miami Downtown Development Authority report, there are now 88,540 residents in...