Miami

Demolition Begins At Biscayne 27

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Demolition at Biscayne 27

Demolition has begun at Biscayne 27 (the former Ion Edgewater site) in Edgewater. Workers have begun clearing the land and are in the process of demolishing all of the houses on the site. Most of the houses were built in the 1920's and were currently used as multi-unit apartment rentals. 

Located at 2701 Biscayne Boulevard, Biscayne 27 will be 8 stories and have 330 apartment units. There will also be 9,537 of retail space, 396 parking spaces and courtyard with pool. The building was designed by Corwil Architects.

The 2.2 acre site was purchased by Richman Group for $30 million. 

Construction on Biscayne 27 should begin before the end of the year.

Overview of Biscayne 27

Houses That Will Be Torn Down

32,000 Square Foot West Flagler Street Site For Sale

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200 West Flagler St. in Downtown Miami

A 32,200 square foot assemblage is listed for sale at 200 West Flagler St, according to The Real Deal. 

The site is zoned for 36 stories be can be raised to 48 stories as apart of Miami 21 and allow up to 315 residential units.

There is no list price, but the site is expected to fetch between $15-$32 million.

Southeast Financial Center For Sale In Downtown Miami

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Southeast Financial Center

The Southeast Financial Center in Downtown Miami is for sale with a value of $500 million.

The 55 story building at 200 South Biscayne Boulevard is the second tallest building in Miami after the Four Seasons. It was built in 1984 and was designed by Skidmore, Owings & Merrill.

Tenants include Goldman Sachs, Morgan Stanley and Merrill Lynch.

The nearby Miami Tower recently sold for $220 million.

New Restaurant Coming To Miami River

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Purchased Site in Red Along the Miami River

Shahab Karmely of Kar Properties and Alex von Furstenberg have purchased property at 131 NW South River Drive along the Miami River, according to The Real Deal.

The property was purchased for $5.4 million with plans to turn it into restaurant with event and entertainment space. 

Karmely is also developing One River Point along the Miami River across from Brickell, which will be two 928 foot towers. 

The Miami River has been very active lately with the construction of a Sushi Samba, the proposed Edge on Brickell, the approved Riverside Wharf, Chetrit Group's Miami River complex and even the re-lighting of Rockne Kreb's "The Miami Line." 

The new restaurant on the site will open by the end of the year.

960 Foot Brickell Market Place Proposed

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Proposed Brickell Market Place Site

In February, plans were submitted to the FAA for a condo at the plaza where a Burger King is located at 10 SW 8th St. That condo now has a name called Brickell Market Place and will be 960 feet, according to The Next Miami.

The site is located next to the under construction Brickell Heights, the under construction SLS Lux to the East and Brickell City Centre to the North.

Megacenter Brickell Proposed West Of I-95

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Megacenter Brickell

Megacenter Brickell

A project called Megacenter Brickell (although located in Little Havana) has been proposed just West of I-95, according to The Next Miami. 

Megacenter Brickell would be located at 420 SW 7th Street and 427 SW 8th Street where there is currently a car wash, apartment building and restaurant. The properties were purchased in 2015 for $7.93 million by Megacenter Brickell LLC.

At the 420 SW 7th Street location, a 12 story building with self storage and office space would be built, while the 427 SW 8th Street site would have a 9 story apartment building with 57 units. 

The project was designed by Borges Architects + Associates.

 

26 Edgewater Going Vertical

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After breaking ground in June 2015, construction on 26 Edgewater is going vertical. 

The 10 story condo located at 321 NE 26th Street is being developed by Stripey Development and will have only 86 residential units. 26 Edgewater will have 1-2 bedroom units ranging from 560 to 980 square feet. Prices start at $270,000 for a 1 bedroom unit.

26 Edgewater was designed by Modis Architects.