Okan Group Proposes 73 Story The Sterling In Downtown Miami

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The Sterling Rendering

The Sterling Rendering

Going under review on October 6 by the Urban Design Review Board is the propsosed 73 story tower in Downtown Miami called The Sterling.

The Sterling is to be developed by Okan Group at 501 North Miami Avenue on a 35,992 square foot lot purchased in March for 18.1 million. The Southern portion of the lot at 45,433 square feet, was purchased by Melo Group in July for $10 million. 

Designed by Behar Font Partners, The Sterling will be 73 stories at 956 feet and to resemble a tulip. There will be 362 residential units, 300 hotel rooms, 55,400 square feet of office space, 3,030 square feet of ground floor retail and a 12,040 square foot restaurant on the 68th floor.

Buildings At Art Plaza Site Demolished

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Art Plaza Site in Arts & Entertainment District 

Art Plaza Site in Arts & Entertainment District 

After receiving approval in August from Miami's Planning, Zoning and Appeals Board, the Art Plaza site has been cleared and ready to start construction. 

Located at 58 NE 14th St in the Arts & Entertainment District, Art Plaza was approved for two towers at 34 stories and 667 units with 15,000 square feet of commercial space.

Melo Group has been active in the area with completed Melody Tower, the recently topped off Square Station and receiving approval for Miami Plaza across the street.

Perricone's Restaurant In Brickell Sold For $16M

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Perricone's Marketplace & Café Site in Brickell

Perricone's Marketplace & Café Site in Brickell

The popular restaurant in Brickell, Perricone's Marketplace & Café, located at 15 SE 10th St, has been sold for $16.18 million, according to the SFBJ. 

Owner Steve Perricone originally leased the land from the Allen Morris Company in 1994 and eventually purchased the site on August 1, 1997 for $725,000. 

The 10,965 square foot lot was purchased by citizenM Hotels with plans to redevelop the site in the future. Part of the agreement was a five year lease for Perricone's Marketplace & Café to keep it in the same location and a possible inclusion in the new development. Perricone's Marketplace & Café is located across the street from the under construction Brickell Flatiron. 

Not included in the sale is the 7,780 square foot Allen Morris Brickell Park which was donated to the City of Miami on November 15, 1974.

 

1900 Biscayne Site Sold For 18.4M

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1900 Biscayne Blvd Site in Edgewater

A one acre site located at 1900 Biscayne Boulevard in Edgewater has been sold for 18.4 million, according to The Real Deal. 

The seller is Atlas Capital Group and was purchased by Enrique Manhard. Enrique Manhard also purchased an entire block in December 2015 between NW 2nd Ave and NE 2nd CT, but later sold it to ASRR Capital for $33 million in June of this year.

The 1900 Biscayne Boulevard Site is approved for a 36 story tower with 429 residential units.

Brickell Flatiron Reaches 15th Floor Of Construction

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Brickell Flatiron Under Construction

Brickell Flatiron Under Construction

Brickell Flatiron has reached the 15th floor of construction as it quickly approaches the club levels on the 17th and 18th floors. 

Designed by Luis Revuelta and developed by CMC Group, the 64 story Brickell Flatiron broke ground in March 2016 and is expected to be completed by Summer 2019.

Previous construction photos of Brickell Flatiron can be viewed here.

Canvas Condo Construction Progress Photos

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Canvas Condo

Canvas Condo

Canvas Condo in the Arts & Entertainment district of Miami is progressing since topping off in last month in August. 

Developed by NR Investments, the 37 story building with 513 residential units will have an indoor/outdoor rooftop lounge with 6,000 square feet and ground level retail. 

Previous construction photos of Canvas Condo can be viewed here.

Office In The Grove Denied Historic Designation

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Office In The Grove

Office In The Grove

On September 5th, Miami's Historic Preservation Board denied to make the Office In The Grove a historic landmark in a 7-2 vote.

Built in 1972 and designed by Kenneth Treister, the Office In The Grove was less than 50 years old and not of exceptional significance to be considered. 

The building will most likely be demolished in the near future for a new tower.