Miami

FAA Limit Height For Tall Buildings In Miami

The FAA has told Miami developers to limit the height of their buildings and disapproved of upcoming projects over 500 feet, according to the Daily Business Review.

Projects such as Auberge in Downtown Miami and One Brickell were "presumed to be a hazard to air navigation." The FAA suggested a height of 465 feet from 877 feet for Auberge and 449 feet from 646 for One Brickell. 

Florida East Coast Realty proposed tower at 1201 Brickell Bay Dr. has an FAA suggestion of 484 feet down from 995 feet. 

Developers have the option to request 60 days for the FAA to conduct further studies that would be open to public comment and take another 120 days, according to the SFBJ.

Construction Continues At Island Gardens

Island Gardens on Watson Island

Island Gardens on Watson Island

A new seawall has been built and dredging of 13 acres of Biscayne Bay continues in order to create a harbor for mega yachts, according to Miami Today.

The 6.5 acre land on Watson Island is city owned, but the project was approved by voters back in 2001. However, delays kept pushing back the project for years. 

Island Gardens will have residential units, two hotels, 12 - 15 restaurants, shopping mall and 100 foot public promenade along with the harbor for the yachts.

One River Point Approved By FAA

One River Point has been approved by the FAA, according to The Next Miami. The two towers will rise 928 feet above ground. Plans were submitted to the FAA in December 2014. 

Developer KAR Properties bought the One River Point land for 27.5 million in 2013 and also paid 33.1 million for the two lots behind the Mint and Ivy condos.

Sales for One River Point will begin September 10th.

The End Of Scotty's Landing?

Scotty's Landing and The Chart House

On August 12th, 2015 Scotty's Landing in Coconut Grove was given 60 days notice to move out of the building in documents obtained by Crespogram. 

On October 12, The Grove Harbour Investment Group, led by Geraldo Leyva and Eduardo J Garcia plan on taking control of Scotty's Landing after years of legal battle over the site. However, this does not necessary mean that Scotty's will close right away after the 60 day notice. The Miami Herald states that, "the Grove Bay partners plan to operate some of the existing businesses for at least several months, which some believe is motivated more by existing profits than by a push to develop." 

The Grove Harbour Investment Group won the bid to develop the site, which will include restaurants, public pier, boat storage and restoration of the old Pan Am hangars. This was approved by voters in a November 2013 referendum and requires the group to invest $18 million into the site and $5 million into a parking garage. 

According to the Miami Herald, Commissioner Marc Sarnoff said, "he’s been told that the developer plans to begin some demolition before the end of the year, and start work on the marina in the first quarter of next year." 

Associated Photo Buildings In Brickell Sell For $9M

Purchased Properties in Red

Two Associated Photo buildings were recently sold to developer Carlos Mattos for $9 million, according to The Real Deal.

The two buildings are located at 19 and 42 SW 6th St. in Brickell near the edge of Miami River and are planned for future development. The two properties are near the under construction Brickell City Centre and across the street from where a 60 story condo-hotel is planned on the old Edge on Brickell site.

Carlos Mattos also owns the land where Tobacco Road used to be, which was demolished in November 2014.

Photos From Paraiso Bayviews Groundbreaking

On Wednesday August 12, The Related Group had the groundbreaking of Paraiso Bayviews in Miami's Edgewater district. The 44 story tower has 388 units and is currently 85% sold out. It was a perfect Summer Miami afternoon that was enjoyed by the large turn out event. Photos of the event can be seen below.

View of Biscayne Bay 

City Of Miami Wants To Sell Miami Riverside Center

View of Downtown Miami Towards Brickell

The City of Miami is working with CBRE to sell its administrative headquarters located next to the Miami River and I-95, according to the Miami Herald.  The building sits on 2 acres of land and is over 320,000 square feet which has potential for a "megaproject scale" as Curbed Miami describes.

Earlier this year, a 2.24 acre lot just North of the Miami Riverside Center site sold for $21 million by FP&L to Miami Bridge Lot Ventures. On the other side of the river is the Miami River project by Chetrit Group, which will be a megaproject with hotels, offices, retail and residential units that recently started demolition on the site. 

Any deal on the Miami Riverside Center for a land swap to build a new administrative center would require voter referendum.