MIAMI | 1420 S Miami Avenue | 950 + 691 + 604 FT | 80 + 60 + 50 FLOORS

[chris08876]

This parcel will be developed in time due, its too much of a development opportunity. May follow suit of the Crystal Tower parcel which took ages, and set back after set back to finally get some activity. Not in its original form, and this one looks like a similar trajectory. We'll probally see something rise severally downgraded via its original development potential, but a site like this would be ideal if the right ownership buys when the market is just right. Just to maximize its potential.

I'd say patience on this parcel. This has the potential to be a future tallest in time due. With some nice influx coming in 2020/2021, shouldn't be an issue, just on the waiting list pretty much.

[chris]

There is an empty waterfront parking lot located between Brickell Bay Drive and SE 12th street...what's the plan with that property and who owns it? I feel that has the potential to becoming Miami's tallest as well.

[bobdreamz]

Is that the lot next to the Jade? If so that is where the twin 1,049 foot high The Towers by Foster and Partners is going.
It's owned by Tibor Hollo's company.

https://www.thenextmiami.com/video-r...d-in-brickell/

[chris08876]

Lot is being filled back again


Credit: ryan rc rea

[chris08876]

Originally Posted by bobdreamz

Is that the lot next to the Jade? If so that is where the twin 1,049 foot high The Towers by Foster and Partners is going.
It's owned by Tibor Hollo's company.

https://www.thenextmiami.com/video-r...d-in-brickell/

Its between SW 14th/13th. Closer to the waterfront. Yeah, near the Jade at Brickell.

[dave8721]

https://therealdeal.com/miami/2020/0...new-ownership/

China City’s Brickell development site under new ownership
Rega Group president and founder Sen Wang now controls site

A full block of vacant land in Brickell is under new ownership, court records show.


The development site, at 1420 South Miami Avenue, was previously owned by CCCC International USA, an affiliate of China City Construction Holding Group Co. It is now controlled by entities tied to Rega Group, a California developer.

The land has been vacant since before the Chinese company acquired the 2.78-acre property in 2014 for nearly $75 million.

A lawsuit filed by Champ Prestige International against both companies, Rega Center Miami Holdings LLC and Rega Center LLC, was dismissed on April 3, according to the South Florida Business Journal. A lis pendens that was blocking the property from being sold was dissolved by Judge Michael Hanzman.

That prime piece of Brickell real estate has sat vacant for years, with CCCC International allegedly failing to make any effort to develop the property, according to a previous lawsuit. The land is a block away from Related Group’s SLS Brickell tower and other high-rise developments.

[Zapatan]

Wasn't this the fraudulent transfer? If not, I wonder if they plan on doing anything with the site...

[chris08876]

Excellent. Developer optimism is at an all time high for Miami-Dade. Titled updated. This parcel has been in the pipeline since 2006.

Let's hope this manifests. The NY of the South is roaring again!

Construction financing has already been secured from Michael Dell’s MSD and CanAm on the 80-story condo tower, and from Rockpoint on the multifamily component.

Miami’s Urban Development Review Board is scheduled to review the proposal at a meeting on February 16.

[chris08876]

This was approved.

[dave8721]

3 Tower development proposed for 1420 S Miami Ave in Brickell. The Capital at Brickell project was begun on the site ~2005 but work ceased after the condo crash. A giant block sized hole was left in the ground, that is finally looking to get filled.

-80-story condo tower (400 units)
-60 and 50 story apartment rental towers (850 units total)
-2.6 million square feet.

https://www.multihousingnews.com/mas...i-development/

[JMKeynes]

I hope that all of these towers actually get built.

[chris08876]

Merged the treads. There's an older thread for 1420 South Miami Ave.

[chris08876]

Originally Posted by JMKeynes

I hope that all of these towers actually get built.

This is an older development site. I'm glad with the ownership changes, there's hope for something to rise.

[colemonkee]

An 80-story condo tower could easily reach 900 ft, no?

[chris08876]

Easily. Add in the base, and if they are going for some higher than usual ceilings, yes.

The original tower was slated for 1,069 ft before the crash.

[dave8721]

Heights for the 3 towers:
80 stories, 939 feet (405 condo units)
59 stories, 691 feet (425 rental apartment units)
50 stories, 604 feet (425 rental apartment units)

https://www.thenextmiami.com/develop...ertall-status/

[colemonkee]

Three words that will always make me cringe when reading the description of a high-rise facade: "stucco slab edge". Aside from that, these look really nice.

[dave8721]

The best part of this project is that it will have 2472 bike parking spots. Due to a technicality it could not take advantage of a law that allows projects within a certain distance of a transit station to reduce parking because it is too close to a lower zoned area. But there was another rule that said for every 6 bike parking spots, you can remove 1 required car parking spot. The developer is basically thumbing his nose at the city wanting them to include so much parking

[chris08876]

Digging Underway At Brickell Site Where Three Towers Rising Up To 80 Stories Planned

Digging is already underway at the Brickell site which was approved for a three-tower project by Miami’s Urban Development Review Board last week.

There doesn’t appear to be any construction permit either active or pending for the site however, so the activity is likely exploratory.

Developer Mast Capital appears to be moving quickly on the project. Three towers will rise at the same time, an attorney for the developer said last week.

In addition, the developer instructed architects to design the project without requiring any exceptions from the Miami 21 Zoning code, likely making the approval process much faster.

The UDRB voted unanimously last week to recommend Miami’s Planning Department approve the project.

Three towers will rise 80, 59 and 50 stories, with a total of 1,255 residential units. The tallest tower will have condos, with the two other towers being built as rental apartments.

Mast has said they expect to begin construction by late 2022. Financing is already in place.

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NXT

[chris08876]

Cipriani To Launch First-Ever, Ground-Up Residences, Cipriani Residences Miami

On the heels of the successful launch of hotel and social club Casa Cipriani, the brand unveils their plans for the first-ever, ground-up Cipriani residences, Cipriani Residences Miami.

Cipriani got its start when Harry’s Bar in Venice opened in 1931, founded by Giuseppe Cipriani. Throughout the 20th century, the brand expanded throughout the world and today the hospitality brand has more than 30 locations around world. Today, the company is run by Giuseppe’s grandson, Giuseppe Cipriani.

Located at 1420 South Miami Avenue in Miami’s trendy Brickell neighborhood, Cipriani Residences Miami will reflect the storied brand’s sophisticated design and elevated service. The 80-story tower is a brand-new, ground-up build and will have 397 one- to four-bedroom residences that reign over Brickell with views of Biscayne Bay and Simpson Park. Brickell is considered the “Wall Street of the South” and Miami’s Financial District thanks to the influx of businesses moving to the neighborhood.

Cipriani worked with Mast Capital and Arquitectonica to create a modern building. Each residence has spacious, ten-foot-high ceilings; floor-to-ceiling glass windows; curved lines; private outdoor space; and custom finishes and furnishings, like custom Italian kitchen cabinetry and Wolf Sub-Zero appliances. Select residences will have elevators that open directly into the units and each will have generous walk-in closets, separate standalone laundry rooms and innovate smart technology. The building will also have a 24-hour, Cipriani-trained staff, so residents can expect the top-notch service they are used to.

As an international symbol of elegance, style and hospitality, with a vast, devoted following that spans four generations, Cipriani was our only choice for this project,” says Camilo Miguel Jr., founder and CEO of Mast Capital. "We’re honored that Cipriani Residences Miami will be the brand's first ground-up residences in the U.S., and we look forward to setting a new standard together for the neighborhood.”

While more information on sales and the completion timeline of the residences is yet to come, Cipriani has revealed the residential tower will have elegant, resort-style amenities for its residents and have similar classic design elements beloved at Cipriani restaurants around the world. Amenities include a trademark Cipriani bar and resident-only dining experience; two swimming pools with a resort-style deck; cabanas; sun terrace with dining service; private reservable dining rooms and lounges catered by Cipriani’s restaurant; resident lounge; fitness center; private screening room; children’s playroom; library; spa with sauna and treatment rooms; dog park; hair salon and barber station; wellness center; pickleball court; golf simulator; and more.

Miami is currently one of the country’s hottest markets, both in terms of real estate and hospitality. Recently, the city has been a hotspot for branded residences, from Bentley to Baccarat, but Cipriani has already found much success in Miami and has no doubt its loyal customers will find Cipriani Residences Miami a natural extension of its offerings.

“For four generations we have always tried to focus on our work, true to our values and honest with our customers,” Cipriani says. “This has allowed us to grow our name in over ten countries around the world and maintain a level of consistency that requires a lot of attention. In all honesty, not much time is left to worry about competition or what others are doing.”

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https://www.forbes.com/sites/emmarey...h=8818a632128e