Miami Condo Market and Lifestyle Updates
Baybakov Submits Plans for 646-foot Residential Tower in Edgewater

Baybakov Submits Plans for 646-foot Residential Tower in Edgewater

by Sep Niakan | October 16, 2015

Russian mining magnate Oleg Baybakov plans to build a residential tower on the Edgewater property that he started clearing for construction recently.

Baybakov's recent participation in real estate has led him to file plans for a 646-foot tall tower with the Federal Aviation Administration (FAA) in early September. Plans put the tower at 649 feet above sea level, the maximum height allowed for buildings in the area.

Demolition began on the 2.5-acre property, marking the start of construction. The 2.5 acres cost Baybakov $40 million. 700 Edgewater LLC, Baybakov’s legal entity, recently donated funds to Teresa Sarnoff, a runner for the Miami commission seat.

 

Source: thenextmiami.com

Photo credit: thenextmiami.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...