MIAMI | 2600 Biscayne (Oak Row Equities Parcel) | 515 FT | 40 FLOORS

[chris08876]

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

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.

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

[chris08876]

Plans Revealed For 40-Story Tower At 2600 Biscayne, With Office & Residential

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.

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

[chris08876]

40-story Edgewater office-residential tower wins backing

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/

[colemonkee]

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.

[Altoic]

515 FT

via the application:

[chris08876]

Developers Announce Plans For ‘Condo-Style’ Luxury Multifamily Tower In Edgewater

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.

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

[chris08876]

New Filing: Edgewater ‘Condo-Style’ Luxury Multifamily Building Will Have 324 Units

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.

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

[bobdreamz]

Another 500 footer for Miami and another ho-hum tower from Arquitectonica.