Broadstone Brickell in West Brickell
After starting construction in April of this year, a crane has been added to the site.
The 24 story building located is West Brickell within close proximity to I-95.
Edge on Brickell Site Sells For $18.3M
Edge on Brickell Site in Red
A site located next to the Miami River has sold for $18.3 million, according to SFBJ. The two lots located at 39 and 55 SW Miami Avenue Road at 13,979 square feet was the location of the proposed condo Edge on Brickell.
Edge on Brickell was supposed to be 55 story residential condo with 127 units developed by Rafael Aragones. A sales center was built on the site and is still currently there.
The buyer of the land is Brickview 3114 LLC managed by Gerardo Vezquez.
Buildings & Houses Demolished At Miami River Site
The Pleasure Emporium Demolished
After receiving approval from the Urban Development Review Board, demolition has begun at the Miami River site located just East of I-95 and along the Miami River.
The buildings on the site that were demolished include the Pleasure Emporium III, Sir Speedy and several single family homes. Currently Finnegan's on the River and a few boating stores remain on the site closest to the river and should be demolished soon.
The Miami River site is part of the transformation of West Brickell and will be built in five phases of construction.
Renderings of the project can be seen here.
Happy 4th of July Weekend
Have a safe and happy 4th of July weekend from Golden Dusk Photography!
Related Group Gets $117.5M Loan For One Paraiso
One Paraiso
The under construction 53 story One Paraiso received a $117.5 million loan from financial company TPG, according to the Real Deal.
One Paraiso is part of the Paraiso Bay compound located in the Edgewater district of Miami.
Activity At Resorts World Site
Genting's Resorts World Site
The Next Miami is reporting that there is activity at the old site of the Miami Herald building, which was recently demolished. Genting applied for permits to rebuild the seawall at the site.
The Transformation Of West Brickell - Part 2
West Brickell
The area West of the Metrorail tracks and East of I-95 in Brickell is typically known as West Brickell and this previous area of houses and low rise condos is continuing to change with new developments.
Last year we looked at West Brickell and its transformation and many of those buildings under construction such as Vista Grande, City Heights, West Brickell View and City Crossings have been completed. A new wave of condos are being constructed or under development.
On the Southern end of West Brickell Atton Hotel and Le Parc at Brickell are under construction right next to each other and what used to be low rise apartments. Both of these buildings just recently topped out.
Also currently under construction are SoMa at Brickell, Brickell View Terrance, Brickell Ten and Broadstone Brickell. Before construction began on SoMa at Brickell there was a low rise apartment complex that sat abandoned for many months before it was finally torn down. The 8 story building is almost near completion. On the Broadstone Brickell site, there was also an abandoned apartment complex that was vacant for over a year before it was eventually torn down. This land was originally purchased by Miami Sunrise Properties for $13 million before being flipped and sold for $20 million to Alliance Residential Company.
A project that will change the whole look and feel of the area is Miami River. Miami River will be compromised of four 60 story towers that will include residential units, hotel and office space.
Recent purchases in the area within the past year include Millennium Developments ($16M), Brickell City Rentals ($10.5M), Marathon Lodging ($15.5M) and Optimum USA Brickell 2 ($25M). The purchased site of Marathon Lodging was supposed to be a Walgreens before being sold. For 8 years the site was home to an abandoned car wash. None of these developers have announced what they planned on building on these recently purchased sites. Whatever they plan to build, it will definitely continue to change the look and feel of the area.