Here Are Resi Projects Developers Plan in Miami’s Edgewater

Greater than a dozen tasks will convey practically 6,000 residences and condos to Miami’s Edgewater, as builders guess massive on the Miami housing market.

Builders spent about $500 million on property acquisitions in Edgewater alone since late 2020, an evaluation by The Actual Deal discovered. Edgewater is hardly alone — different neighborhoods, like Brickell, even have many residential tasks within the works.

Right here’s a have a look at what’s deliberate in Edgewater:

Two Street Growth, 2121 North Bayshore Drive

Two Roads Growth plans a multi-tower, 191-unit luxurious apartment undertaking on the location of the Biscayne 21 apartment constructing. The developer paid about $150 million final month for the majority apartment buy of the constructing and secured $150 million in financing.

Groupe Metropolis, 423 Northeast twenty seventh Road

Groupe Metropolis, the newly established American arm of Paris-based Groupe Metropolis, plans to construct its first U.S. undertaking in Edgewater. Groupe Metropolis declined to say whether or not the residential growth can be condos or rental residences.

Grupo Diana and Korner, 430 Northeast thirty first Road

Two Bogotá-based builders, Grupo Diana and Korner, are constructing the 32-story Metro Edgewater with 279 models. They scored a $55 million building mortgage in April from Madison Realty Capital.

Crescent Heights, 2900 Biscayne Boulevard in Miami

Miami-based Crescent Heights started building of Nema, a Complete Meals-anchored luxurious house tower, after the developer secured a $224 million building mortgage from Blackstone in March. The 39-story constructing can have 588 models. Arquitectonica and Rockwell Group designed the undertaking.

Trilogy Actual Property Group, 2201 Northeast Second Avenue

Chicago-based Trilogy Actual Property Group purchased the 1.6-acre Edge 22 web site, which is in an Alternative Zone, in March, with plans for a multifamily undertaking. Zoning permits for an as much as 36-story tower with a most of 247 models.

Beitel Group and Aimco, 3333 Biscayne Boulevard

Beitel Group and Aimco plan a 1.5 million-square-foot growth with greater than 600 residences, retail and workplace area. Beitel paid $45 million for the bigger property that’s a part of the assemblage, whereas Aimco bought a smaller piece for $1.7 million. The 2 companies financed the offers with a $40.9 million mortgage from Northwind Group. This undertaking will likely be separate from one other down the road that Aimco plans.

Aimco, 555, 560, 600, 610, 620, 630 and 640 Northeast thirty fourth Road

Aimco proposed a 28-story, 271-unit bayfront constructing throughout the road from its Hamilton on the Bay house constructing, which is being renovated. The Denver-based actual property funding belief plans to take a position greater than $200 million to develop the brand new tower.

Heritage Fairness Companions, 2140 Northeast Second Avenue

Heritage plans to redevelop a half-acre Alternative Zone web site into Edgewood 22, an 18-story, 120-unit rental undertaking designed by Miami architect Zyscovich Architects.

Michael Konig, Alex Posth, Kevin Venger and Louis Birdman, 710 Northeast 29h Road

The builders accomplished their assemblage for a waterfront apartment tower referred to as 729 Edge. It’s anticipated to be 649 ft tall and have 70 models. Venger and Birdman had been each a part of the event group for the Zaha Hadid-designed One Thousand Museum apartment tower in downtown Miami.

Kushner Corporations and PTM Companions, 2000 and 1900 Biscayne Boulevard

Kushner Corporations and PTM Properties, an Alternative Zone-focused actual property growth firm in Miami, plan a three-tower growth with 1,300 residences on the Alternative Zone web site. Valley Nationwide Financial institution and AIG Asset Administration are financing the undertaking with a $127 million mortgage.

Skylight Actual Property Companions, Panther Capital Administration and Arden Group, 1836 Biscayne Boulevard

Skylight Actual Property Companions and Panther Capital Administration fashioned a three way partnership partnership with Arden Group to purchase an almost 1-acre Alternative Zone web site. The builders plan to construct a 40-story, 364-unit luxurious house constructing. The present church on the property, inbuilt 1926, will likely be restored.

Trilogy Actual Property Group, 2634 Northeast Second Avenue, 192 Northeast twenty seventh Road and 186 Northeast twenty seventh Road

Trilogy Actual Property paid $9.8 million for its Edgewater assemblage and plans to construct a mixture of residential and industrial buildings.

SB Growth Group and Hazelton Capital Group, 480 Northeast twenty ninth Road, 456 Northeast twenty ninth Road and 496 Northeast twenty ninth Road

Two New York Metropolis growth companies teamed as much as redevelop a trio of bayfront properties on Northeast twenty ninth Road, that are zoned for buildings of as much as 38 tales tall. Architects Kobi Karp and Dieguez Fridman are designing plans for the boutique apartment tower with a ground-floor restaurant on the bay.

Omni New York, 116 Northeast twenty fourth Road

Omni New York, owned by former baseball first baseman Mo “The Hit Canine” Vaughn, plans to construct a yet-to-be-determined variety of market-rate residences on a non-waterfront property the place present zoning permits for as much as eight tales and 100 models.

Melo Group, 711 Northeast twenty third Terrace

Melo Group plans a two-tower apartment undertaking referred to as Aria Reserve Miami, designed by Bernardo Fort-Brescia of Arquitectonica, with 800 models. The developer launched gross sales final yr, with costs starting from $750,000 to $12 million.

Arch Corporations and Infinity Actual Property, 2501 Biscayne Boulevard

Arch Corporations and Infinity Actual Property plan a 250-unit, 20-plus-story house constructing on a 1-acre web site on Biscayne Boulevard. An entity affiliated with Infinity paid $13 million for the location in 2017.