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  #1  
Old Posted Jul 2, 2022, 10:35 PM
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MIAMI | 2600 Biscayne (Oak Row Equities Parcel) | 521 FT | 40 FLOORS

Oak Row Equities plans 400-unit apartment, office tower in Edgewater

Quote:
Oak Row Equities, the developer and private equity firm that until recently was known as Carpe Real Estate Partners, is planning a roughly 40-story apartment and office tower in Miami’s booming Edgewater neighborhood.

The newly renamed firm, led by founders Erik Rutter and David Weitz, purchased the 2-acre site between Northeast Second Avenue and Biscayne Boulevard for $35 million from entities tied to hedge funder Bruce Berkowitz, according to Global Investment Realty’s Alex Suarez, who represented Oak Row in the deal.


The full-block parcel, bounded on the north and south by Northeast 26th Terrace and Northeast 26th Street, respectively, is mostly vacant but for a two-story office building on its westernmost end at 2601 Northeast Second Avenue.

Peter Andolina of Andolina Real Estate Corporation represented the seller. Investors in the project include Alex Karakhanian’s Lndmrk Development.

The preliminary plan is for an Arquitectonica-designed project with 399 market-rate apartments, though the unit count could change, Rutter said. The tower will sit atop a podium with 6,500 square feet of retail and 160,000 square feet of offices on floors two to 12. Renderings show a mezzanine level lined with palm trees, separating the residential portion from the base.

A third of the workspace has been pre-leased, Rutter said, declining to identify or describe the tenants.

The developers plan to begin the approval process, including seeking a go-ahead from Miami’s Urban Development Review Board, immediately, Rutter and Weitz said.
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  #2  
Old Posted Jul 5, 2022, 5:55 PM
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Plans Revealed For 40-Story Tower At 2600 Biscayne, With Office & Residential





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A partnership of developers announced they have closed on the purchase of 2600 Biscayne, and have unveiled development plans for the property.

2600 Biscayne will rise around 40 stories, renderings show. It will include:

399 Class A multi-family units
160,000 rentable square feet of office
6,500 rentable square feet of retail
The project is a block from a planned commuter rail station planned on the Brightline tracks.

One third of the office space has already been pre-leased, the developers said, even before the project was publicly announced.

A museum was formerly planned on the property by Bruce Berkowitz’s Fairholme Foundation. Fairholme paid $6.79 million for the property in 2013, and just sold to the new developers for $35 million.

Oak Row Equities and Alex Karakhanian’s Lndmrk Development are the developers. Oak Row Equities was formerly known as Carpe Real Estate Partners and is being renamed. The company developed The Oasis in Wynwood, and is also now developing Wynwood Plaza along with another apartment project in North Miami Beach.

Arquitectonica is the architect for the new project, and was also the architect of the former Fairholme museum proposal.
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  #3  
Old Posted Sep 7, 2022, 9:26 PM
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40-story Edgewater office-residential tower wins backing

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A mixed-use residential tower is planned for the heart of the Edgewater neighborhood in the City of Miami.

Developer 2600 Biscayne Property LLC is proposing a 40-story tower at 2626 Biscayne Blvd. The city’s Urban Development Review Board voted unanimously to recommend approval.

At the board meeting, attorney Iris Escarra on behalf of the developer introduced Ray Fort of architectural firm Arquitectonica, which prepared the plan.

The tower is to have 399 dwellings, 109,643 square feet of offices, 6,122 square feet of commercial use, and parking levels.


In a letter, Ms. Escarra wrote, “The Project will provide additional housing options within a Transit Corridor area and one of the City’s fastest growing neighborhoods.”

Biscayne Boulevard is the principal frontage for development purposes. Ms. Escarra said the property will be unified with the remainder of the block and Northeast Second Avenue will also serve as a principal frontage for the unified site, while Northeast 26th Street and Northeast 26th Terrace serve as the secondary frontages.

The property is surrounded by commercial, residential, and office uses. The site is within a Transit Corridor and within walking distance of multiple means of mass transit.

“The Project’s design responds primarily to human scale and pedestrian interests,” Ms. Escarra wrote.

“The Project complies with all Setback requirements and (provides) a covered walkway in order to encourage pedestrian interaction and to protect said pedestrians from the elements.

“The current condition at the Property includes vacant land which discourages pedestrian interaction with the Property. The Property currently lacks any significant landscaping or tree canopy onsite which will be remedied by the development of the Project which features a robust landscaping plan incorporating native trees that are appropriate for the area and can provide shade to pedestrians,” she said.

Ms. Escarra said the project incorporates an artistic treatment along the garage façades, creating a “frame” around the art that not only accentuates the structure but screens the garage.
========================
https://www.miamitodaynews.com/2022/...-wins-backing/
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  #4  
Old Posted Sep 8, 2022, 3:33 AM
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Nothing to write home about, but I dig the unique base and the faux lying butresses of the crown. And extra bonus points for a first rendering that's obviously drunk.
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  #5  
Old Posted Sep 18, 2022, 4:29 AM
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  #6  
Old Posted Oct 24, 2022, 10:14 PM
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Developers Announce Plans For ‘Condo-Style’ Luxury Multifamily Tower In Edgewater

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Developers have announced they are planning a “pure multi-family project” in Edgewater after acquiring a development site allowing 36 stories.

Oak Row Equities and LNDMRK Development paid $22.5 million for the 1.5-acre property at 401 NE 29th Terrace .

“We’re eager to finalize site plans and bring this project to the market,” said Erik Rutter, Managing Partner of Oak Row Equities.

“This is one of the last remaining continuous parcels in Edgewater East capable of accommodating condo style living with luxury amenities and bay views within a multi-family framework,” said Alex Karakhanian, Principle of LNDMRK Development. “We look forward to bringing much-needed density to the neighborhood and delivering a product type not yet saturated by other offerings.”

Stefano Santoro represented LNDMRK in the deal.

Arquitectonica is designing the new tower, which will offer bay views from all units. There will also be ground floor retail.

Oak Row and Karakhanian are also partners at 2600 Biscayne. That project is also being designed by Arquitectonica and is planned to rise 40 stories and include 400 units, 160,000 square feet of office, and ground floor retail.
=========================
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  #7  
Old Posted Feb 6, 2023, 9:56 PM
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New Filing: Edgewater ‘Condo-Style’ Luxury Multifamily Building Will Have 324 Units

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An Arquitectonica-designed luxury apartment building in Edgewater is now moving through the pre-development phases, with platting documents just filed with the county.

The new plat will be known as “Oak Row 2900,” according to the February 2 filing with Miami-Dade planners.

Oak Row 2900 will be developed with 324 residential apartment units and 18,814 square feet of retail, the filing said.

The replatting is for a 1.5 acre property purchased by Oak Row Equities and LNDMRK Development at 401 NE 29th Terrace in October 2022.

The new project will be a “pure multi-family project” with luxury amenities, condo-style living, and bay views from all units, the developers said in a press release at the time.

Other projects in planning by Oak Row and LNDMRK include a 40-story tower 2600 Biscayne. Oak Row also recently broke ground at the 1-million-square-foot The Wynwood Plaza.
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  #8  
Old Posted Feb 7, 2023, 12:02 AM
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Another 500 footer for Miami and another ho-hum tower from Arquitectonica.
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  #9  
Old Posted Apr 18, 2023, 9:56 PM
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Proposal For Tower At 2600 Biscayne Submitted To FAA At 529 Feet



Quote:
Plans for a tower at 2600 Biscayne have been submitted to the Federal Aviation Administration.

According to the April 13 filing with the FAA, the tower is proposed to rise 521 feet above ground, or 529 feet above sea level.

In July 2022, a partnership of developers announced they had closed on the purchase of 2600 Biscayne, and have unveiled development plans for the property.

In January, the developers completed a utilities agreement for 399 apartments, 174,524 square feet of office, and 9,260 square feet of retail.

Oak Row Equities is the developer, with Lndmrk Development is a minority partner.

Arquitectonica is the architect.
===================
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  #10  
Old Posted Aug 19, 2023, 12:57 AM
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FAA Application Submitted For Two 600+ Foot Cranes On Biscayne Boulevard
https://www.thenextmiami.com/faa-app...yne-boulevard/

Quote:
Two filings were made with the Federal Aviation Administration yesterday for tower cranes at a Biscayne Boulevard construction site.
According to the August 16 filings, the cranes are proposed to rise 627 feet above ground or 635 feet above sea level.

A site work permit, vertical construction permit and tree permit are all in process with Miami’s Building Department, with Coastal Construction the contractor.
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  #11  
Old Posted Sep 30, 2023, 4:41 PM
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Site Work Permit Issued For 521-Foot Tower At 2600 Biscayne

Quote:
A site work permit has been issued for a property at 2600 Biscayne, where a 40-story tower is planned to begin construction.

Miami Building Department records show that a permit was issued on September 13, for excavation/piles/site and soil improvement.


Coastal Construction is listed as the contractor.

The proposed permanent height of the building is 521 feet above ground, or 529 feet above sea level, according to an FAA filing.

According to a UDRB filing in July 2022, 2600 Biscayne is planned to include:

399 apartments on levels 13 through 39
109,643 square feet of office on levels 2 through 11
6,122 square feet of ground floor commercial
709 parking spaces on levels 2 through 10
Previously, the developer said the residential component would be Class A multifamily.

Oak Row Equities is the developer, and Lndmrk Development is a minority partner.

Arquitectonica is the architect.
======================
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  #12  
Old Posted Mar 12, 2024, 5:53 PM
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‘One Of Most Pre-Leased Office Buildings In Miami’s History’ Gets $181M Financing
https://www.thenextmiami.com/one-of-...81m-financing/

Quote:
Developer Oak Row Equities has obtained a $181m construction loan to build the 2600 Biscayne tower, with strong pre-leasing activity reported.
The developer said in a statement that it is one of the most pre-leased new construction office buildings in Miami’s history. More than 50% of the proposed 187,000 square feet of office and retail was leased before breaking ground.

Miami Building Department records show that a master construction permit was issued in recent days. A site work permit was issued in September.

2600 Biscayne is planned to rise 41 stories, or 521 feet above ground and 529 feet above sea level. It will include:
-399 rental residences
-187,000 square feet of office and retail space
-over 600 parking spaces
Custom artwork by artist Derrick Adams is planned on the western portion of the facade visible from multiple neighborhoods.


Good news for the office market especially after One Brickell City Centre's news.
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  #13  
Old Posted Mar 12, 2024, 6:09 PM
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Wow, I guess you can't draw sweeping conclusions about the overall state of a market based on a single item after all.
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  #14  
Old Posted Mar 12, 2024, 7:06 PM
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Originally Posted by BuildThemTaller View Post
Wow, I guess you can't draw sweeping conclusions about the overall state of a market based on a single item after all.
It has 187,000 square feet of office and retail space. That’s nothing. Therefore, pre-leasing 50% of that de minimis number hardly validates the Miami office market. Miami is great, but it is not (and will never be) a vibrant commercial center.

Miami residents who blindly speculate that it will one day be on par with NY as a commercial center are utterly delusional.
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Old Posted Mar 12, 2024, 7:15 PM
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Quote:
Originally Posted by ChiND View Post
It has 187,000 square feet of office and retail space. That’s nothing. Therefore, pre-leasing 50% of that de minimis number hardly validates the Miami office market. Miami is great, but it is not (and will never be) a vibrant commercial center.

Miami residents who blindly speculate that it will one day be on par with NY as a commercial center are utterly delusional.
You can try to sound smarter by using latin, but the core of your argument isn't smart at all. Classic overgeneralization. Who even says Miami will rival NYC? You're arguing a straw man. I could go on about your logical fallacies, but I'd just like to ask if your grudge against Miami is more personal. It seems to have nothing to do with facts or anything of the sort.
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  #16  
Old Posted Mar 15, 2024, 5:53 PM
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3/15/24

Appears they are wasting no time after securing financing.

Case equipment on site and also setting up crane.

Looks like some kind of rig on the far left in the second pic as well.

This will help push Miami over 20 150M u/c.



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  #17  
Old Posted Mar 15, 2024, 6:24 PM
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Wow!!
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