MIAMI | Miami Riverbridge | 1,049 FT | 95 + 61 + 61 FLOORS (1,806 Units)

[chris08876]

Revealed: Hyatt Proposes Three Downtown Miami Towers

Hyatt has submitted a conceptual plan to demolish their downtown Miami hotel and adjacent James L. Knight Center, in order to redevelop it.

The proposal includes three new towers, including two residential towers along the Miami River, along with a hotel tower. All would share a massive podium.

Hyatt already has a long-term lease on the city-owned land but wants an extension. As part of the proposed deal, Hyatt would take the lead in redevelopment while Miami would share in profits.

Miami’s Waterfront Advisory Board will review the proposal at a meeting April 10.

Kobi Karp is the architect.

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NXT

[chris08876]

Hyatt Site Could Be Bid On By Third-Party Developers, If Voters Approve

Third-party developers may soon be given the chance to demolish and replace Downtown Miami’s Hyatt Regency and the adjacent James L. Knight Center.

Although Hyatt has hired Kobi Karp to prepare conceptual plans, the hotel company will seek outside developers once a deal is approved, according to Miami Today. Hyatt will manage the bidding process.

First, city commissioners and Miami voters must approve a new long-term lease.

Hyatt is working with city officials with the goal of placing the item before city commissioners on May 10, and a voter referendum on the deal in August.

At a minimum, the new development will include a state-of-the-art Hyatt hotel and an expanded River Walk and plaza. It could also include residential, office, meeting space, and retail.

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NXT

[Crawford]

Weird. I just stayed at this hotel and they're renovating.

[dave8721]

Originally Posted by Crawford

Weird. I just stayed at this hotel and they're renovating.

How extensive were the renovations? I don't see this project happening for several years. It would be a public/private deal (which always adds years to the process) since this is publicly owned land.

[chris08876]

Miami River Commission gives thumbs-up to Knight Center and Hyatt redevelopment proposal

A proposal to replace the James L. Knight Convention Center and the adjacent Hyatt Regency Miami with a three-tower mixed-use project gained support from a key quasi-public agency, leading the way toward a public referendum.

The Miami River Commission on Monday voted unanimously to recommend approval of the redevelopment project, which is being spearheaded by an affiliate of Hyatt Hotels Corp. that operates the Regency. On Thursday, the Miami City Commission is to vote on placing a referendum on the Aug. 28 ballot to extend and expand a ground lease Hyatt Equities has with the city. If approved by voters, Hyatt would add the city-owned Knight Center’s 4.1-acre site and have its lease extended for 99 years.

Tim Gomez, a lobbyist with Floridian Partners representing Hyatt, said if voters approve the new lease, Hyatt would build the project in three phases, beginning with the pedestal and a new hotel. Two residential towers would be built in the final two phases. The three buildings would have a total of 2,250 units even though Miami 21 allows for the development of up to 4,200 units. “The count is well below what we can do per acre,” he said. “Hyatt and the city have gone the extra mile to also create a family and pedestrian friendly stretch as part of the redevelopment.”

During a presentation, project architect Kobi Karp displayed renderings that show the entrance to the Hyatt and James L. Knight property would be shifted off Brickell Avenue to improve traffic flow in a very congested area of downtown Miami. The project would also feature a 500-foot public plaza and riverwalk that would connect to the Riverwalk Metromover Station and Fort Dallas Park.

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TRD

[chris08876]

Sneak Peak Of Hyatt Model For Massive Downtown Redevelopment With Up To 900 Hotel, 1800 Residential Units

Architect Kobi Karp shared a photo of an architectural model for the massive Hyatt redevelopment project in downtown Miami with his Instagram followers yesterday.

The hotel company wants to demolish the Hyatt Regency and rebuild it.

Last year, Hyatt said the new project would have 900 hotel rooms and 1800 residential units, including an entire tower of micro-residential units.

Hyatt planned to bring oversee development while bringing in outside developers. It could include to residential towers and a hotel tower, along with office and retail. An expanded riverwalk and public plaza was also planned.

The land where Hyatt currently has a long-term lease for their Hyatt Regency is city owned, and commission approval and a voter referendum are needed to extend the lease. In 2017 and 2018, commissioners postponed voting on the deal.

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NXT

[dave8721]

^^Whats with that 1000+ foot place holder building they have just north of it? On the current Courtyard by Marriott property?

[Crawford]

I stayed at this Hyatt property about a year ago. What a dump!

They did seem to be renovating, though. And great location.

[chris08876]

:



Hyatt & Gencom Propose 3 Downtown Miami Towers, Including A Supertall

Hyatt and Gencom have revealed plans for a three-tower development on the Miami River, including a supertall tower.

The supertall tower is planned to rise to exactly 1,049 feet – the maximum permitted by Miami’s zoning rules, according to a representative of the joint venture.

Representatives of the development team are in a attendance at a Miami River Commission subcommittee meeting today, where they are presenting the plans.

The Hyatt-Gencom development is proposed to include:

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
Two of the towers are proposed to rise 61 stories.

Tower three is planned to become the supertall, with 860 apartments. It becomes one of at least ten supertall proposals in Miami.

The existing Hyatt Regency and James L. Knight Center will be replaced for the new development.

Redevelopment of the complex will also allow for a large and reconfigured arrival and drop-off area, improving access and traffic flow.

Hyatt and Gencom are currently negotiating with City of Miami staff on a lease extension for the property to 99 years from an existing 45 year deal. They then plan to ask the City Commission to place both the revised lease and the proposed development on the November 2022 ballot for a referendum.

Based in Coconut Grove, Gencom is an international owner and developer of luxury hotel and residential properties, with a real estate portfolio valued above $3 billion. Hyatt is regarded by many as being the best major hotel management company.

If the referendum passes, construction is expected to begin in 2025.

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NXT

[JMKeynes]

Very nice!

[N830MH]

Heyyyyy!!! I know where Knight Center station is. I rode on metromover when I was young. I know where it is!!

[chris08876]

Hyatt, Gencom advance three-tower project planned for Knight Center site
Next, Miami City Commission to vote on putting the proposal to a referendum

Developers’ nearly $2 billion plan to build a hotel and multifamily towers on the Miami River site of the James L. Knight Center and Hyatt complex in downtown Miami is gaining ground.

The Miami River Commission unanimously voted on Monday to move forward the proposal by Hyatt Hotels and Gencom to the next step. The board, which is charged with reviewing projects near the riverbank, is recommending that the Miami City Commission put the project and necessary lease extension for the 4.1-acre city-owned site to a referendum.

If approved, Miami voters would cast ballots on the item on Nov. 8.

Chicago-based Hyatt and Coconut Grove-based Gencom want to develop the three-tower Miami RiverBridge that would expand the riverwalk and the Knight Center’s meeting space, and offer outdoor public space. Altogether, the development team is planning a $1.7 billion investment for a total of 3.3 million square feet of real estate.

The Arquitectonica-designed project at 400 Southeast Second Avenue would have more than 1,500 multifamily units, a 615-key flagship Hyatt Regency hotel and 264 Hyatt-branded serviced apartments, according to a presentation before the river commission.

The tallest tower – at 95 stories and just shy of the 1,049-foot height limit set by the Federal Aviation Administration – will be multifamily, Phil Keb, executive vice president of development at Gencom, told The Real Deal. The other two 61-story towers will include the remainder of the apartments, the hotel and the serviced apartments.

A podium would have 190,000 square feet of event and meeting space, or 46 percent more than the Knight Center’s current 130,000 square feet, according to project plans. Miami RiverBridge also would have 1,100 new parking spots, co-working space and retail, including an “iconic” food and beverage concept perched 700 feet above the city on a SkyBridge connecting two of the towers.

The project also would have a 50-foot setback from the north riverbank, and would preserve an archaeological site as open space. The development team said Miami RiverBridge will have heightened multimodal transportation connectivity, as it aims to provide ease of vehicular, bicycle and pedestrian access. The site connects to the Metromover Knight Center stop.

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https://therealdeal.com/miami/2022/0...t-center-site/

[UrbanImpact]

Originally Posted by chris08876

Hyatt, Gencom advance three-tower project planned for Knight Center site
Next, Miami City Commission to vote on putting the proposal to a referendum


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https://therealdeal.com/miami/2022/0...t-center-site/

Miami may have a skyline plateau at its height limit (+/-) 1,000ft pretty soon. The skyline is already plateauing around 600ft

Miami by Chris Stritzel, on Flickr

[JMKeynes]

I wish I knew why Miami is so adverse to water features. Cascading waterfalls would have been so nice here.

[chris08876]

New Details Of Downtown Miami Hyatt Proposal With 1,800 Apartments, 600 Hotel Rooms

Details of a massive downtown Miami project from Hyatt and development partner Gencom have been revealed, with city commissioners scheduled to take up the proposal this month.

According to newly released documents, the 3-tower project is planned to include:

1,796 residential units (of which 264 will be serviced apartments)
615 hotel keys
188,000 square feet of gross event space (90,000 square feet net)
1,096 parking spaces
The developers previously said there would be three towers, including a 95-story, 1.049-foot supertall. The other two towers would rise 61 stories.

A 99-year lease is being proposed, with the developer paying either 2.5% of gross revenue or $2,500,000, whichever is larger. They also propose to pay $5.4 million into an affordable housing fund.

Commissioners are scheduled to vote on whether they want to send the deal to a public referendum at a July 29 meeting.

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NXT

[JHM]

Originally Posted by UrbanImpact

Miami may have a skyline plateau at its height limit (+/-) 1,000ft pretty soon. The skyline is already plateauing around 600ft

Miami by Chris Stritzel, on Flickr

The south side of Brickell wouldn’t have height restrictions if it wasn’t for Runway 12-30. It is the runway the runs diagonally across the Miami airport. Maybe one day they’ll replace it with a straight runway but until then buildings over 1,049 feet above sea level seem unlikely unless advances in avionics allow the FAA to raise the height limit.

[chris08876]

Good to see some non-waterfront angles. Nothing short of down right transformative during the last 10 years.

[chris08876]

So this is going to the public during the referendum for a vote. Update stemming from the July 29th meeting.

[chris08876]

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

[Altoic]

https://therealdeal.com/miami/2022/1..._content_share