Missoni Baia Receives $243M Construction Loan

Missoni Baia

Missoni Baia

OKO Group has received a $243.3 million construction loan for the 57 story tower Missoni Baia in Edgewater, according to The Real Deal.

Missoni Baia will have 247 residential units and will rise 649 feet as construction began November 2017. The parking garage started going vertical September 2018 with work on the tower portion starting in April of this year.

OKO Group has also started construction on the 53 story office tower 830 Brickell located next to the SLS Lux Brickell and across the street from Brickell City Centre.

New Design For 40 Story Tower At 1836 Biscayne Boulevard

1836 Biscayne Boulevard

New plans have been submitted for a 40 story tower at 1836 Biscayne Boulevard and rising 419 feet. The tower would be next First Church of Christ Scientist building that will be preserved.

The building will have 364 rental units with a rooftop pool and ground level retail.

Another design was submitted in January 2015 that had a tower over the existing couch with columns inside.

Fifteen Group paid $14.3 million for the property in November 2014.

Sapir Corp. Selling Edgewater Site

Site At 1768 Northeast Second Court

Site At 1768 Northeast Second Court

Sapir Corp. along with partners CNMB International and G-Resources are looking to sell a 60,000 square foot site at 1768 Northeast Second Court in Edgewater, according to The Real Deal.

The site was purchased in June 2017 for $33 million after being in contract since July 2016 with the intention to build a 60 story and 40 story tower with 1,200 rental units and 350,000 square feet of office space.

The site is zoned for 1.4 million square feet of space with 735 residential units.

Sapir Corporation is developing the nearly completed 12 story Arte in Surfside.

Twin 60 Story Towers Called Island Bay Proposed In Edgewater

Island Bay Rendering

Island Bay Rendering

Two twin 60 story towers called Island Bay located at 700 NE 24th St in Edgewater have been proposed.

The towers rising 648 feet will be developed by Melo Group and designed by Arquitectonica with 783 residential units.

Island Bay is located next to Biscayne Bay and the under construction Elysee, also designed by Arquitectonica.

There will be a 50 foot set back from the water to create a public walking space along the bay.

Urbanica Planning Hotel Called The Biscayne In Edgewater

The Biscayne Rendering

The Biscayne Rendering

After being purchased for $5.2 million in January 2018, a 200 room hotel called The Biscayne is coming to 3200 Biscayne Boulevard in Edgewater by Urbanica.

The hotel will have a rooftop pool and bar.

Urbanica also purchased a 18,800 square foot lot at 3001 Biscayne Boulevard in October 2018 for $7.95 million.

Elysee Reaches 53rd Floor - Close To Top Off

Elysee Miami Construction

Elysee Miami Construction

The 57 story Elysee Miami is close to topping off as construction reaches the 53rd floor. At the end of July, construction was on the 45th floor.

With only 100 residential units, the building started to go vertical in June 2018, and the first glass installed in December 2018.

Developed by Two Roads Development and DW Partners, Elysee is expected to be completed in 2020.

Previous construction photos of Elysee can be viewed here.

TBT - Future Site Of Aria On The Bay

Site Of Aria on the Bay

Site Of Aria on the Bay

TBT (August 29, 2014) - Before the 53 story Aria on the Bay was built in Edgewater, a 6 story apartment complex was on the site that was eventually torn down. Demolition began on the building September 2014. Aria on the Bay was eventually completed in May 2018.

Aria on the Bay will be located in the emerging Arts & Entertainment district of Miami at 1770 North Bayshore Drive.

Developed by Melo Group and designed by Arquitectonica, Aria on the Bay will be a 53 story tower with 647 residential units. 40,000 square feet will be offered for retail, commercial and office space. The building will offer views of Biscayne Bay, Miami Beach and Margaret Pace Park is right in front. 

Currently the tenants of the previous buildings have been evacuated, but demolition has not yet started on the old apartment buildings. Homeless have been living in the evacuated apartments. 

According to exMiami, construction will not begin until February 2015 and construction is expected to be completed by 2016.