Krystal Tower Site in Downtown Miami Sold For $8.5M

Krystal Tower Site

Krystal Tower Site

The Krystal Tower site in Downtown Miami located at 530 NW First Court has been sold for $8.5 million, according to The Real Deal. The seller is Rodolfo Ishak and the buyer is BH Investments

Krystal Tower was supposed to be a 35 story condo with 153 residential units when announced in September 2014. It was then changed to Miami Station Tower in July 2016, but never materialized as the building remained uncompleted.

The site in located across the street from 3 MiamiCentral and next to a lot purchased for $4.7 million September 2016 where a 150 rental building was planned.

Grove Bay Parking Garage To Be Completed Spring 2019

Grove Bay Parking Garage

Grove Bay Parking Garage

The two story Grove Bay Parking Garage between the City of Miami and Miami Parking Authority is taking shape in Coconut Grove after starting construction in June 2018.

Amendments are being considered for the site, which include reducing the size of the garage and retail areas, change critical dates to coincide with the current construction schedule of the garage, and allow a rent abatement of $58,333.33 monthly for two years.

The garage is expected to be completed in the Spring of 2019.

Monad Terrace Reaches 9th Floor Of Construction

Monad Terrace Construction

Monad Terrace Construction

Construction has reached the 9th floor at Monad Terrace in Miami Beach and is taking shape since we last looked at the beginning of October.

The Jean Nouvel designed building will have only 59 residential units and is expected to be completed third quarter 2019.

Previous construction photos of Monad Terrace can be viewed here.

Phase Two Of Cocowalk Underway As One Cocowalk Goes Vertical

One Cocowalk Now Going Vertical

One Cocowalk Now Going Vertical

After starting demolition on the aging Cocowalk in May of this year, and being completely demolished in September, the 5 story class A One Cocowalk is now starting to go vertical on the site.

One Cocowalk will have 73,000 square feet of office space and have an open courtyard where the main rotunda used to be.

Previous photos of Cocowalk and the demolition can be viewed here.

One Park Grove Reaches 15th Floor Of Construction

One Park Grove Reaches 15th Floor

One Park Grove Reaches 15th Floor

After reaching the 8th floor at the end of October, construction has now reached the 15th floor at One Park Grove in Coconut Grove.

One Park Grove will have only 64 residential units and top off at 20 stories. One Park Grove is the last tower to be built in the 5.2 acre Park Grove complex along with Two Park Grove and the Club Residences. The tower is being built on the site of the former Coconut Grove Bank building.

Park Grove was designed by Rem Koolhaas and Shohei Shigematsu of OMA and is expected to be completed in 2019.

Previous construction photos of Park Grove can be viewed here.

First Glass Installed At The 57 Story Elysee Miami

Elysee Miami Construction

Elysee Miami Construction

The first glass has been installed on the 57 story Elysee in Edgewater as construction reaches the 19th floor.

A year ago, construction was just starting on the site and at the beginning of October, construction was just reaching the 8th floor.

The Arquitectonica designed building will have only 100 units and is expected to be completed in 2020.

Previous construction photos Elysee can be viewed here.