MIAMI | Elser Hotel & Residences (400 Biscayne Boulevard) | 571 FT | 49 FLOORS
Might be something to keep our focus on down the line. This could be a big one!!! :fingerscrossed:
Zoning also allows for 80 floors and 1000+ units. :cheers: :star: Brochure on the site: http://i.imgur.com/KNx5W78.jpg ===================== ===================== 400 Biscayne hits the market, could sell for north of $60M: Zoning allows for 1,150 units, 1.8M sf and unlimited height, pending FAA approval Quote:
======================= http://therealdeal.com/miami/2016/09...-north-of-60m/ |
^ Well the site at NE 4th. Street & Biscayne Blvd. doesn't have unlimited height, pending FAA approval, according to marketing materials.
They have already Zoned the site : http://farm9.staticflickr.com/8218/8...aab90044_b.jpg http://farm9.staticflickr.com/8218/8...aab90044_b.jpg So a Supertall can rise there at least to 1,010 feet | 308 meters tall. It would be nice to see two Supertalls (O B Plaza) rise on Biscayne Blvd. below NE 6th. street. |
Property still on the market. I don't believe any buys as of yet.
HFF Properties: https://www.hfflp.com/properties/5442/400-biscayne.aspx Teaser Pamphlet (with info this time): https://my.hfflp.com/GetDocument?BBA...e5uUXmxYKxVxoV I'm going to speculate that this, if bought, will yield a design that will take advantage of the t6-80-O zoning, and will start u/c by late 2019, finish in 2021. Just as the cycle picks up. Right now I think developers will wait until 2018 (for several pipeline projects). Barring any catastrophic policies if Trump gets in, I think 2019 will be a strong year for Miami. If South America and Eastern Europe continue to stagnate, I think that will be good for Miami real estate in the next 5 years. Essentially jump starting the cycle again as wealth flows out. Brazilian and Russian buyers have fueled a lot of the Edgewater growth. There's also the innovation district, which, if it attracts tech tenants, can bring 1000's of potential clients to the market. |
OVERVIEW
https://my.hfflp.com/Documents/Listi...LstLgPhoto.jpg Quote:
PROPERTY SUMMARY Quote:
https://www.hfflp.com/properties/5442/400-biscayne.aspx |
Looks like we have a buyer. Looks promising as this parcel manifests into some tower(s). :)
Potential for 1.8 mil-sq ft, which even given the footprint, 1.8 mil is nothing to slouch about. ================================ PMG under contract to buy 400 Biscayne for $54M: sources Quote:
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What about 300 Biscayne ? It seems to have gone underground of late.
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Yeah PMG has a good track record of getting projects rising. One of my favorite in Sunny Isles, Muse, was a success. Echo Brickell downtown is currently rising, and JDS in combination with PMG helped make Steinway aka 111 West 57th a smashing success. All currently rising.
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Revealed: 690+ Rental Units Planned At 400 Biscayne
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PMG Buys 400 Biscayne For $55M, Will Build 690-Unit Tower
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At 400 Biscayne, Plans For A 704-Unit Tower Advance
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Fencing Installed At 400 Biscayne, Where 704-Unit Tower Planned
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Quite disappointing that such a premier bayfront site zoned for a super tall is getting a tower at about half the size.
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Looking at the map above, I had no idea that Miami had a pretty impressive street grid downtown.
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This is somewhat a wasted potential. They probably should of waited a bit if they were concerned with their risk. Its often a bummer when a parcel has great potential size wise, and its downsized in its magnitude. But on the bright side, there's a lot of land that can offer similar returns.
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I surmise that the developers are telling us that Miami's not ready for a supertall yet ...
https://www.thenextmiami.com/one-bri...s-complicated/ |
Plans For 750-Foot Tower On Biscayne Boulevard Submitted To FAA
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https://media.gettyimages.com/photos...ure-idAA014091 https://media.gettyimages.com/photos...ure-idAA014091 |
MIAMI | 400 Biscayne | 740 FT | FLOORS
= = = = = = Demolition Underway At 400 Biscayne, Where 704 Apartments Planned Quote:
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Nice looking!
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1,088-Bed X Biscayne Now In The Works
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49-STORY TOWER PLANNED AT 400 BISCAYNE
https://i.imgur.com/vnmkDfD.jpg https://i.imgur.com/HWnTx2a.jpg Quote:
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I can’t begin to describe how much I love Miami. If my wife would agree, I'd move there tomorrow. However, its architecture is so damn boring. Oh well. At least South Beach’s old Art Deco buildings are great.
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CONSTRUCTION PERMIT PENDING FOR 573-FOOT TOWER AT 400 BISCAYNE
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FOUNDATION PERMIT ISSUED FOR PMG’S 400 BISCAYNE, WILL INCLUDE 714 UNITS
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400 BISCAYNE APPROVED BY FAA AT 571 FEET AFTER YEARLONG REVIEW
https://i.imgur.com/POmQP54.jpg Quote:
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MIAMI | 400 Biscayne | 571 FT | 49 FLOORS
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49-STORY TOWER BREAKING GROUND TODAY AT 400 BISCAYNE :D
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This now becomes Miami's 10th. tower over 500+ ft. | 152+m that is currently under construction.
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49-STORY 400 BISCAYNE ON TRACK FOR COMPLETION IN 2021 AFTER GROUNDBREAKING YESTERDAY
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‘SOMETHING SPECIAL’ COMING TO 400 BISCAYNE AFTER DEVELOPERS SECURE $161.5 CONSTRUCTION LOAN FOR 49-STORY TOWER
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Under Construction
= = = = = FOUNDATION POUR COMPLETED FOR 49-STORY CO-LIVING TOWER IN DOWNTOWN MIAMI :cheers: https://i.imgur.com/8sVZ3vq.jpg Quote:
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49-STORY TOWER NOW UNDER CONSTRUCTION IN DOWNTOWN MIAMI HAS A NEW NAME: SOCIETY BISCAYNE
https://i.imgur.com/dwUucXA.jpg Quote:
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Society Biscayne Has Officially Topped Off At 571 Feet Above Ground
https://i.imgur.com/CuPP588.jpg https://i.imgur.com/CuPP588.jpg July 13, 2021 The 49-story Society Biscayne tower has officially topped off, according to an Instagram post by the developer yesterday. Residents of the apartment tower will have clear views of Biscayne Bay, the Venetian Islands, and PortMiami, an aerial photo shows. Society Biscayne has an approved top off height of 571 feet feet above ground, according to an FAA filing. https://www.thenextmiami.com/society...-above-ground/ |
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49-Story The Elser Hotel & Residences Announced, Opening This Summer
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Rename of title thread to include new name, " Elser Hotel & Residences " .
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