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Supertall Approved: 64% Of Voters In Favor Of 3-Tower Miami Riverbridge

Voters in Miami gave the green light to a 3-tower project known as Miami Riverbridge.

In a referendum yesterday, 64% of voters were in favor of a deal with developers Gencom and Hyatt.

Gencom and Hyatt released a statement after the vote:

“Miami residents have cast their votes, and we’re thrilled with the overwhelming support we’ve earned. Our plans for a privately funded world-class development and transformed riverfront have been embraced by the community, and we look forward to finalizing our lease with the City of Miami.

Once completed, Miami Riverbridge will activate the Miami riverfront, improve access and walkability, and meet growing demand for housing, hotel rooms, and meeting space in Downtown Miami. The redevelopment is also expected to create as much as $1.5 billion in additional revenue in city taxes, fees, and ground rent to help fund citywide priorities over the term of our lease. The joint venture expects to also contribute an additional $25 million to fund affordable housing in the City.

Miami voters weighed these benefits against the status quo and overwhelmingly voted to usher in these privately funded improvements.”

Miami Riverbridge will include three towers:

95 stories (1,049-foot supertall)
61 stories
61 stories
The combined project will have:

1,806 apartments (including 264 serviced apartments)
615-room Hyatt Regency hotel
190,000 square feet of Class A meeting space
20,000 square feet of coworking space
12,000 square feet of food and beverage/retail in the podium
Destination restaurant and lounge perched 700 feet over the city, located in a skybridge linking the two shorter towers
50,000+ square feet of new public space
Rebuilt riverwalk spanning 480 feet, completing a key missing connection
Covered pedestrian bridge connection to Metromover’s Knight Center Station
1,100 parking spaces
Total project cost is estimated at $1.7 billion

Arquitectonica is the architect.

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NXT