Just a few short years ago, the historic heart of Overtown, Miami’s original Black neighborhood, lay desolate and lifeless just steps from Biscayne Boulevard and downtown. There were few if any shops, few homes, not a single grocery store, but lots of vacant lots, the result of decades of demolition, disinvestment and abandonment. Today, the change along the six blocks of Northwest Second Avenue and its immediate vicinity is nothing short of dramatic. The streets are busy with pedestrians, thanks[...]
Read MoreA real estate investment firm intends to break ground on a new 337-unit residential project near Legion Park in Miami's Upper Eastside next year. The new zoning and comprehensive plan amendment, approved by the Miami City Commission on November 21, will enable an affiliate of Atlanta-based private equity firm ACRE to build a six-story apartment building on 3.25 acres of land between Legion Park, Northeast Seventh Ave., Northeast 64th Street, and Biscayne Boulevard. As part of its deal with the[...]
Read MoreThe 54-story Miami River apartment tower under construction in Brickell is moving closer to completion, new photos by Phillip Pessar show. The photos show that a decorative element is now being installed on the building’s parking garage. The building will include 632 rental apartments. Also now under construction is retail space, and a riverfront promenade open to the public. The tower topped off at 645 feet, becoming the westernmost tower in Miami at that height. There are multiple other phases[...]
Read MoreMiami Beach has a new building that has taken the title of the city’s tallest. Five Park, a 48-story, 519-foot tall luxury condo tower, received its TCO, its developers said. It is now the tallest tower in the city of Miami Beach (although there are much taller buildings across the causeway in the City of Miami). Condos range from 1 to 4 bedrooms, with prices from $1.5M (initial plans called for 280 condos). There is also 50,000 square feet of[...]
Read MoreTwo years after Miami Beach voters rejected a plan to bring a hotel and condo tower to the location of the shuttered Deauville Beach Resort, a different group of developers is seeking to redevelop the site. The Miami Beach Planning Board considered zoning changes Tuesday that would allow for a pair of 400-foot-tall condo towers alongside a reimagined version of the iconic hotel that once hosted the Beatles. The project at 6701 Collins Ave. is a joint venture between the[...]
Read MoreTwo developers are seeking approval for apartment projects in Miami’s Wynwood Arts District through the state’s Live Local Act. The law allows the developers to bypass Wynwood’s normal height and density limits in exchange for including income-restricted workforce housing in the projects. The normal height limit in Wynwood is 12 stories, and both of these projects would greatly exceed that. Both projects will go before the city’s Wynwood Design Review Committee to consider their artistic elements, design and several waivers[...]
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