MIAMI | Edgewater Collective | 485 + 485 FT | 36 + 40 FLOORS

[chris08876]

New York developer Atlas Capital Group has submitted plans to build a 36-story residential project at 1900 Biscayne Boulevard.

Atlas bought the property last year for $13.6 million, with a $7.6 million loan.

Atlas is building close to the maximum permitted on the site. Plans call for 429 units, which is less than the 502 units that the zoning code permits on the lot. Miami 21 allows 500 units per acre, and the property size is just above one acre.

Under Miami 21, 36-stories is the maximum base height permitted on the site.

The 429 units include 27 studio apartments (just above 500 square feet), 248 1-bedroom units (ranging from 720 to 1,091 square feet), 149 2-bedroom units (997 to 1,366 square feet) and 5 penthouse units (2,167 to 3,312 square feet).

At the ground level, there will be nearly 13,000 square feet of retail space. Parking spaces for 620 vehicles will be provided.

Kobi Karp, whose office is down the block at 29th and Biscayne, is the architect.

===================================
http://www.thenextmiami.com/index.ph...1900-biscayne/

[N830MH]

Hey! I know where they are. I remember where my mom's old store and she used work for Boulevard Liquors is on 30th St & Biscayne Blvd. We are very near.

[chris08876]

MIAMI | 1900 Biscayne Boulevard | 434 FT | 36 FLOORS

Atlas Capital Gets Approval To Build A 434-Foot Residential Tower At 1900 Biscayne

New York developer Atlas Capital Group has been granted FAA approval to build a 434-foot tower at 1900 Biscayne Boulevard. The approval was granted relatively quickly by the agency (it was submitted in December.)

Under plans approved my Miami’s UDRB in January, Atlas will build a 36-story tower – the maximum permitted under the Miami 21 zoning code. The tower is being designed by architect Kobi Karp.

The project includes 429 residential units, of which the majority are one bedrooms. There will also be a 620-space parking garage and 13,000 square feet of retail space.

============================
http://www.thenextmiami.com/index.ph...1900-biscayne/

[chris08876]

Russian Investors Have 2000 Biscayne In Contract, 60-Story Tower Planned

A group of Russian investors have the City Hall restaurant property at 2004 Biscayne Boulevard in contract, where they hope to build a 60-story tower.

The oddly shaped site is sized at 32,775 square feet. An alley separates it from Braman’s car dealership on the north side. To the south, New York’s Atlas Capital is planning to build a 36-story residential project at 1900 Biscayne, while Fifteen Group is moving through the approval process for a 36-story residential tower above the historic church at 1836 Biscayne.

The property last sold in 2007 for $5.4 million to a company managed by broker Christian Parth.

The group also has a Denny’s on the dry side of Collins (17550 Collins Ave.) in Sunny Isles under contract, and they are working with the city on approval of a 19-story residential project.

= = = = = = = = = =


Press Release:

International Real Estate Developer, Verzasca Group, Enters U.S. Market, Launches Residential Developments in South Florida

The Recently Formed Commercial Real Estate Firm is Currently Developing Over One Million Square Feet of Residential and Commercial Space in Miami-Dade County

MIAMI, Feb. 19, 2015 / — The Verzasca Group, a privately held real estate development company, today announced its formation and official entry into the United States with residential developments slated for the South Florida market. Created in August 2014 by former NHL star Darius Kasparaitis alongside finance and real estate professionals Gennady Barsky and Tim Lobanov, Verzasca plans to deploy over $700 Million into various projects over the next three years. Verzasca will serve as the U.S. arm of a private Russian real estate company due to Russian investor desire for American exposure. The name Verzasca itself is a reference to the Verzasca River in Switzerland known for its transparency that the firm strives to bring to both its investors and its development partners.

Verzasca Group’s U.S. headquarters is located in Miami with a sales center in Bay Harbor Islands and is currently developing over 1 Million sqft of luxury residential and commercial space throughout Miami-Dade County. The team gravitated to the South Florida area because the European aesthetic of the market matches the background of the founders.

The Verzasca executive team has overseen 10 Million sqft of property development with projects including Vaalimaa Outlet Mall in Vaalimaa, Finland, School Street Condominium, My Town, The Birch Grove and The Austrian Quarter, Vernissage and Colors of Summer in St. Petersburg, Russia.

Darius Kasparaitis, who played 14 years in the NHL mostly for the New York Rangers, Pittsburgh Penguins and New York Islanders, serves as the President of Verzasca Group leading and overseeing the project management for the firm’s developments as well as driving the creative direction of the firm. Gennady Barsky is the Executive Chairman of Verzasca Group, responsible for setting the company’s general business direction through tactical planning with a specific focus on raising and deploying capital. Tim Lobanov, Managing Director of Verzasca, plays a key role in the execution of the creative vision of Mr. Kasparaitis and Mr. Barsky. He is responsible for supervising all of Verzasca Group’s day-to-day business operations and developing marketing strategies for the firm and its projects.

Prior to Verzasca, Lobanov led corporate development for The Polis Group, one of Russia’s largest real estate developers responsible for looking at investment opportunities abroad which provided his entree into the U.S. marketplace. He and Kasparaitis linked up regarding some potential early investments eventually leading to the formation of Verzasca.

“We are thrilled with the opportunity to bring our expertise and track record from abroad and put it to the test in a hot real estate market like South Florida,” said Verzasca President Darius Kasparaitis. “We’ve been evaluating the viability of a U.S. launch for a number of years and feel that now is the right time to enter the market and start developing significant real estate projects starting with Miami-Dade County.”

Location:


===============================
http://www.bizjournals.com/southflor...-with-new.html
http://www.thenextmiami.com/index.ph...tower-planned/

[chris08876]

Aerial of the site:


Credit: http://www.loopnet.com/Listing/16663...Blvd-Miami-FL/

SF Lot Size: 34,000 SF

[chris08876]

Russians Plan ‘Tallest Building In Edgewater,’ Designed By ‘World Renowned Architect’

Several tall towers are under construction in Edgewater, but Russian developer Verzasca Group wants to outdo them all.

Verzasca’s executive chairman says that the company is planning to build the tallest building in the neighborhood. The building will be ‘iconic,’ and is being designed by a ‘world renowned architect,’ he told The Real Deal.

Previously, a Verzasca representative said that they were in contract to buy 2000 Biscayne, the site of the City Hall restaurant. Verzasca’s offices are also located at 2000 Biscayne, according to the company’s website.

Darius Kasparitis, a former NHL player from Lithuania now living in Florida, told a Lithuanian publication that the tower will be 60-stories and have about 450 units. Kasparitis is a partner in the firm.

The group hopes to raise $700 million within a few years to fund the project, along with several others in the Miami area. Kasparitis wasn’t sure where funding would come from, but said it could be from a bank or investors.

Verzasca also plans a 19-story project with 76-units at the former Denny’s site in Sunny Isles. In Bay Harbour Island, the company is building Pearl House and Le Jardin Residences.

=================================
http://www.thenextmiami.com/index.ph...ned-architect/

[N830MH]

Originally Posted by chris08876

Aerial of the site:


Credit: http://www.loopnet.com/Listing/16663...Blvd-Miami-FL/

Is that Biscayne Blvd? Is that near my mom's old Boulevard liquors store?

[chris08876]

Originally Posted by N830MH

Is that Biscayne Blvd? Is that near my mom's old Boulevard liquors store?

Yes the road going South to North on the right. Not sure about the liquor store. Not sure where you guys get your liquor from so the second question idk .

[chris08876]

This tower will be 643 feet. Recent applications where submitted to the FAA.

[GoldenDuskPhotograph]

Verzasca Group Begins Demolition at 2000 Biscayne

https://www.goldenduskphotography.co...-2000-biscayne

[Zerton]

Bleh. The 00's called looking for their renderings.

[chris08876]

New Design and height reduction

The older design has been scrapped. Which IMO, is way better than this crap.

Verzasca Group is planning to build a rental tower at 2000 Biscayne, instead of a condo tower.

If approved, the 36-story project will include 393 apartment units, along with 455 parking spaces in an 8-story garage.

Miami’s Urban Development Review Board is scheduled to review the plans on June 21.

Dorsky + Yue of Fort Lauderdale is the architect.

Credit: NXT

[chris08876]

Verzasca scores $6.4M loan for apartment project on Biscayne Boulevard

Verzasca Group scored a $6.4 million pre-development loan for its 2000 Biscayne apartment tower in Edgewater, property records show.

North Miami Beach-based New Wave Loans provided the loan, records show. Plans for Verzasca’s 36-story, 393-unit apartment tower were approved by the city of Miami’s Urban Development Review Board in June. The Russian development firm originally planned to build condos on the 32,775-square-foot site at 2000 Biscayne Boulevard, which it purchased in March 2016 for $13 million.

Pre-development costs usually cover market and traffic studies, including possible zoning changes among other factors. A spokesperson for Verzasca said the developer plans to break ground on the project during the third quarter of 2018.

Fort Lauderdale-based Dorsky + Yue created the designs for 2000 Biscayne. The project will include 25 studios, 175 one-bedrooms, 181 two-bedrooms, 12 three-bedrooms and an eight-story parking garage.

=====================
TRD

[chris08876]

Kushner Cos. plans 1,100-unit rental project in Miami Opportunity Zone

Kushner Companies is planning to develop an 1,100-unit apartment project in Miami’s Edgewater neighborhood, marking its first in South Florida.

The company, led by Charles Kushner, Nicole Kushner Meyer and Laurent Morali, is under contract to buy a site at 2000 Biscayne Boulevard from investor Enrique Manhard, according to Bisnow. Manhard paid $13.1 million to buy the property, which is within an Opportunity Zone, from Verzasca Group in November. Verzasca originally planned to develop condos on the site.

Kushner plans to finance the $550 million, three-phase project through an existing banking relationship and will develop it without a local partner, Bisnow reported.

Kushner Cos. could develop the second and third phases on nearby land owned by Manhard. Between 2017 and 2018, Manhard’s company paid about $21 million to assemble 11 parcels on Northeast 20th Street between Biscayne Boulevard and Northeast Second Avenue.

=============
TRD

[Urbannizer]

Cancelled

Atlas Capital Group sells dev site on Biscayne Boulevard

*Sept 29th, 2017

Atlas Capital Group just sold an approved development site in Miami’s Arts & Entertainment District for $18.4 million, listing broker Jeff Cohen told The Real Deal.

The New York-based investment, development and management firm sold the 1-acre site at 1900 Biscayne Boulevard to Biscayne and 19th Street LLC, a company controlled by Uruguayan developer and investor Enrique Manhard.

[chris08876]

This was canceled when it was sold (original thread in the canceled section).

Now the parcel is back.


= = = = = =

KUSHNER PLANNING TWIN-TOWER PROJECT AT 1900 BISCAYNE IN EDGEWATER WITH 700 APARTMENTS

Kushner Companies, which was once run by President Trump’s son-in-law Jared Kushner, has big plans in Edgewater.

The company is now planning a twin-tower rental apartment project at 1900 Biscayne with around 700 units, the developer told The Real Deal.

Across the street, Kushner will soon break ground on a tower at 2000 Biscayne with 400 units, bringing the total on both sides of the street to 1,100 units. 1900 Biscayne will be built as a second phase to the project.

Both properties are in an opportunity zone.

2000 Biscayne is expected to cost $160 million to build. The developer expects to achieve over $3 per square foot in rent by providing amenities that are superior to competing apartment buildings.

At 1900 Biscayne, a 36-story tower designed by Kobi Karp was once planned. The single tower design is now being scrapped in favor of two towers.

Kushner is also planning an apartment project in Wynwood. The 2000 Biscayne and Wynwood projects could break ground around the same time in the first half of next year.

==============
NXT

[chris08876]

@ Mods,


Can the post above be added/merged to the thread that is in the canceled section: http://www.skyscraperpage.com/forum/...d.php?t=215419

And brought back to the proposal section. Location is back in the development spotlight.

[chris08876]

1,299 units set to rise!





Credit: Ryan RC Rea

[chris08876]

Credit: volvoshine

[chris08876]

Credit: NXT