Second Live Local Act Tower Proposed in Sunset Harbour at 1771 West Avenue
Sunset Harbour is set to receive its second Live Local Act tower, just weeks after plans for its first came to light. EOS Wellness Real Estate Miami, LLC has filed plans for a 44-unit building at 1771 West Avenue, on the site of an Office Depot that sold last year for $28.5 million. At 300 feet to the roof, it would be among the tallest buildings in the neighborhood. The proposal rests on a state law designed to expand affordable housing by granting developers added density, flexible zoning and other incentives in exchange for a commitment to workforce units. That law has driven a steady flow of proposals in Miami Beach, and a number of them have run into questions about historic preservation. That is not a factor here, since the site sits outside any local historic district and is not listed on the National Register of Historic Places. What’s Planned Like many Live Local Act developments in Miami Beach, this one is trying to square workforce housing with a luxury product. The law makes every project mixed-income, requiring that at least 40 percent of units be set aside as workforce housing, and here that works out to 18 of the 44 units. Those apartments are priced for households earning up to 120 percent of area median income, which puts studios at roughly $2,800 at most. The other 26 units are market-rate condominiums. Size is what separates the two groups. The workforce units run smaller, from studios to two-bedrooms, while the condominiums stretch up to four bedrooms, so the building’s full range spans studios, two-, three- and four-bedrooms. The 44 units also fall well short of the 86 the site could accommodate. The luxury concept carries, expectedly, into the amenities, where wellness is the organizing theme. Beyond multiple pools, the plans include a longevity spa, fitness facilities, massage and recovery rooms, consultation and treatment spaces, and physical therapy and aesthetic services, among other amenities. At street level, the project adds a private driveway, a lobby and expanded pedestrian improvements; above that sit 6,391 square feet of commercial space and 117 parking spaces in a multi-level podium, with the tower rising from there. How high that tower can rise comes down to a provision in the Live Local Act. The building would reach 325 feet at its highest point, or 300 feet to the roof, because the law lets projects use the tallest height allowed within one mile of the site. This one draws on the Civic and Convention Center District, which now caps buildings at 150 feet. The city lowered that limit from 300 feet in April 2024, but state law prevents a city from setting a lower height limit for a Live Local project than the tallest allowed within one mile as of July 1, 2023. As a result, the earlier 300-foot figure still applies here. The design team includes Foster + Partners and ODP, and renderings show a palette of light gray, brown and white, paired with smooth concrete, louvered cladding, floor-to-ceiling glass and bronze mullions. The Future Whether the project reaches construction depends on a broader backdrop. Miami Beach continues to see a record-breaking number of Live Local Act projects, while the outlook for such development remains in flux, and the city recently weighed legal action against the state over the act after significant local opposition. Against that backdrop, this proposal has a few factors in its favor, including a location outside any historic district and a surrounding area that already includes high-rises.
Miami’s Northeast Corridor Rail Project Regains State Funding, but Questions Over the Brightline Deal Remain
For more than two decades, Miami has been promised commuter rail service along its northeastern corridor. The project, known as the Northeast Corridor or Coastal Link, would bring new stations to neighborhoods such as Wynwood and North Miami. Trains would run on the existing Florida East Coast Railway corridor, which Brightline already uses and shares with a freight railroad. Years of delays and disputes have delayed the project, however, and its latest setback fits the pattern: in 2025, $200 million in state money was stripped from the budget. That loss was a serious blow to the project’s progress because of how its financing is structured. The extension carries a price tag of $927.3 million. Federal dollars would cover roughly $389 million, a little over 40 percent of the total, while Miami-Dade County would contribute $337.9 million. The state was expected to supply the remainder, which is almost exactly the sum that was cut. The state has since put that money back, according to Transit Alliance Miami, which says the reinstatement happened with little public notice. The timing is notable. Carnegie Mellon University recently announced a new campus in Wynwood, backed by billions from hedge fund founder and philanthropist Ken Griffin, and the scale of that investment, combined with sustained lobbying from Miami politicians and business owners, may have helped revive the rail funding. The restored money has not settled the larger question of whether the deal itself is sound, though. Miami-Dade Mayor Daniella Levine Cava has been a persistent skeptic, describing the risks of partnering with Brightline as ‘risky’ and pressing for changes to the terms. Those concerns have gained substance from a September analysis commissioned by her administration, according to recent reporting by the Miami Herald. Under Deputy Mayor Roy Coley, the county hired Newmark, a real estate and advisory firm, to review the most recent draft agreement. The firm’s findings raised several concerns. Most prominent among them was the instability surrounding Brightline itself. The company is working through a bankruptcy and restructuring, a process that could slow the project and has already required short-term extensions on debt payments. Newmark also pointed to an ongoing feud between Brightline and a freight operator that shares the same tracks, a conflict it said would have to be resolved before Coastal Link could move forward. Beyond those external hazards, the firm faulted the draft’s structure, arguing that it leaves the county exposed to cost overruns and other burdens that a private partner would ordinarily absorb on a project of this kind. Brightline has not welcomed the detour. With its own finances under pressure, the company is eager to lock in an agreement, and it has framed the county’s hesitation as the last obstacle. In a statement, Brightline called the project “at the finish line” and argued that it offers more value per county dollar than anything else in the SMART Plan, adding that it needs county leadership to close the deal. If these final hurdles are cleared, the Northeast Corridor would be one of the few transit proposals in Miami-Dade to move from planning into reality. Over the years, the county has floated numerous improvements, including multiple Metrorail extensions, but few have ever broken ground. Coastal Link would not be a Metrorail extension, since it would share existing tracks rather than run on its own dedicated line. Even so, it would offer the northeast neighborhoods of the county a rail connection it has never had, and for commuters in that corridor the practical benefits would be substantial.
56-Story Tower Proposed at 115 NE 2nd Street Would Be Fort Lauderdale’s Tallest
Not long ago, a highrise proposal at 315 NE 3rd Street made headlines as the tallest building ever proposed in Fort Lauderdale, a 608-foot statement about where the skyline was headed. That title has now been lost. A new filing for 115 NE 2nd Street calls for a 56-story residential tower that would rise well past it, and past everything else currently under construction or in the pipeline. The proposal comes from NE 2nd Holdings LLC (Arosa Developers), a developer reportedly based in New York City, and it would add another purely residential high-rise to the city’s growing wave of multifamily towers. The plans call for 696 multifamily units in a modern design by Fort Lauderdale-based FSMY Architects, and the project is set to go before the city’s Development Review Committee (DRC) soon. As with any filing at this stage, much remains preliminary, but the ambition is unmistakable: a tower of this scale would set the bar higher for the city’s tallest. The Site’s History The tower would rise on a three-parcel assemblage at 115 NE 2nd Street in Flagler Village, where NE 2nd Holdings is currently in contract to buy all three properties from their separate owners. The site has attracted big ambitions before. In 2022, a proposal led by Fifield Properties was put forward for the same location, which makes this the second major attempt to redevelop it. Whether Fifield is still involved, or whether this new effort belongs entirely to a different team, remains unclear. The scale of the proposal is clearest next to what’s already rising. Andare Residences, currently under construction and expected to top out at 542 feet, would be dwarfed by this tower, which would stand more than 100 feet taller. It would also surpass the aforementioned 608-foot proposal at 315 NE 3rd Street, which held the title of tallest proposed building in the city for only a few months before this filing took it. What’s Planned The 696 residences cover the full range of layouts, from studios to three-bedroom units and everything in between. Every home is planned with its own balcony, floor-to-ceiling windows, ceilings over 10 feet high, and a range of other upscale features. The amenities lean heavily on altitude: a rooftop pool on level 56 would offer the highest views of the city anywhere, while a second pool on level 10 anchors the lower portion of the building. Residents would also have access to outdoor bar space, multiple terraces, and thousands of square feet of indoor amenity space. Those interiors haven’t been named or programmed yet, as plans are still preliminary. At ground level, the plans include 7,400 square feet of commercial space alongside the residential lobby. The sidewalks would be widened and lined with greenery, with additional street-level improvements meant to make the pedestrian experience more inviting. To handle demand from both retail visitors and residents, the project includes 696 parking spaces. FSMY’s elevations show a modern tower with variation in color and material. The podium is a mix of faceted concrete, smooth white stucco, geometric glass designs, faux green walls, and spandrel glass on certain sections gives parts of the base an “active-use” look. Above it, the tower is wrapped in geometric, artistic patterns across the facade, finished in white, grey, and brown stucco.
Fouquet’s Hotel and Residences Miami Edges Toward Groundbreaking as Permits and Plans Stack Up
Fouquet’s Hotel and Residences Miami is edging closer to its first shovel in the ground. The development team has filed a string of permits in recent months, setting the stage for demolition and the start of construction within the next few months. The paperwork lands as sales are going well: the project has reportedly pulled in millions in presales, and the developer has just unveiled the first look at its amenity spaces, designed by RDAI, the studio behind Hermès. The site sits at 3995 N Miami Avenue and 39 NE 39th Street, and the team behind it is a crowded one. The project is a joint venture among Constellation Hotels Holding, Raycliff Capital, Miami Design District Associates, and Fort Partners. Miami Design District Associates is itself a partnership of Dacra, L Catterton Real Estate, and Brookfield Properties. The group paid roughly $170 million for the properties in late 2022. The filings cover several fronts. Multiple demolition permits would clear more than a dozen low-rise buildings that currently house leisure, office, and retail uses, among others. Beyond demolition, the developer has also submitted a phased vertical construction permit, a site work permit for foundation prep, and a master construction permit. All three are still waiting on approvals before work can proceed. The permits name Mobius Construction Inc. as general contractor, and they track closely with the UDRB submissions filed earlier this year. Those plans call for 143 units, 85 hotel rooms, and 20 condo-hotel units, plus more than 50,000 square feet of ground-floor retail and 178 parking spaces on a basement level for hotel guests and residents. Condo pricing starts at $1.8 million, and the unit mix runs from one to four bedrooms, topped by penthouses. Residents will have plenty to do without leaving the building. RDAI, a Paris-based firm, has led the design for the complex’s amenity spaces, which covers more than 40,000 square feet. Highlights include a rooftop pool with a bar, a rooftop lounge, a spa with a hammam and cold plunge, a Serenity Lounge with a juice bar, an on-demand salon, a fitness center with a private training studio, a golf simulator, an entertaining suite, an executive lounge, and a playroom, with more to come. The project is targeting completion in 2030. Not every approval is in hand yet, but the pace so far, from announcement to presales to permitting, suggests that date is realistic. When it does arrive, Fouquet’s will be the Design District’s first high-rise of this scale, with towers of 12 and 24 floors, rising 185 and 309 feet respectively.
Magic City Innovation District Plans Its Next Act: Two Rental Towers and 553 Units Along NE 60th Street
Magic City Innovation District, the nearly 18-acre mixed-use highrise development planned for Little Haiti, has unveiled its latest addition: two new residential towers. It is the third proposal for the sprawling project in recent years, arriving on the heels of a planned office tower and a residential tower, neither of which has broken ground. The latest plans are headed to Miami’s Urban Development Board for review this week, and if approvals and construction proceed as hoped, the towers would be built in two phases. The towers would sit on a combined 1.8-acre site at 225 NE 60th Street and 275 NE 60th Street, rising 25 and 20 stories, respectively. Both would bring high-end residences and ground-floor retail to the district. Plaza Equity Partners and Bob Zangrillo’s Dragon Global are leading the effort, and they have enlisted Arquitectonica to design the pair. According to the plans recently filed, the towers would hold 553 units between them: 267 in the 25-story building and 286 in the 20-story one. The mix runs from studios to three-bedrooms, with one- and two-bedroom layouts in between. The application states that every unit will be offered as a rental, which means the developers would not have to sit through a lengthy presales and marketing campaign before breaking ground. The developer has yet to name the amenities, but preliminary drawings offer a reasonable sketch of what is coming. They show multiple pools, outdoor terraces, lounge areas and a barbecue space, along with the other standard fare of a luxury rental building. At street level, the towers would share 24,387 square feet of retail, accessible from both NE 6th Street and a new pedestrian corridor called Les Bureaux Promenade. Lined with public art, seating, generous sidewalks and plenty of greenery, the promenade is meant to be the heart of the development, a spine running across the entire district and linking it to towers that have yet to be announced. To meet demand for parking, the towers would share one level of basement parking and a connected podium, delivering 718 spaces spread across multiple levels. Arquitectonica has built the design around sharp, rectangular forms. Interlocking volumes stack and shift across the facade, each traced in white frames that give the buildings a bold, graphic profile. The podium is wrapped in corrugated metal mesh and living green walls, a pairing intended to soften its presence on the street. The towers themselves are clad mainly in stucco, with floor-to-ceiling windows and glass balconies. “The tower’s massing is composed of interlocking rectangular volumes that establish a restrained, abstract composition,” Arquitectonica said. In contrast to the podium’s expressive geometry and material character, the firm said, the tower “emphasizes monumental, minimalist orthogonal lines.” Though nothing has been built, the project has drawn controversy since it was first conceived more than a decade ago, driven largely by fears of gentrification. To address those concerns, the city and the development team agreed years ago to create the Little Haiti Revitalization Trust. Under that agreement, the developers pledged $31 million in cash payments over 30 years to a newly established municipal agency and trust devoted to neighborhood investment, small business funding and affordable housing. With fresh investment and renewed momentum, the project appears to be moving forward, and a groundbreaking could come soon.
Developer Revives Plans for Tower Atop a Historic Edgewater Church at 1836 Biscayne Boulevard
Developers are once again planning a residential tower atop the historic First Church of Christ, Scientist in Edgewater. The Arden Group is leading the project at 1836 Biscayne Boulevard, where Arquitectonica and R.J. Heisenbottle Architects have designed a 43-story, 406-unit building. It is the latest in a series of proposals for the site over nearly a decade. That string of proposals began soon after the church gained protection. Listed on the National Register of Historic Places in 1998, the building received local historic designation from the city in late 2015. The first redevelopment plan arrived in 2019, and it looked much like the current one: a tower rising above the property, with the historic structure preserved. Multiple waivers and zoning changes were approved. The property then changed hands in late 2021, when the property was acquired from the Fifteen Group for $20 million. The approvals were revised in 2022, according to a recent letter from the project’s attorney to the city, and now include 16 waivers: 10 historic and six zoning. The project is now seeking targeted refinements to those 2022 approvals in hopes of securing final approval. Before that can happen, Miami’s Urban Design Review Board (UDRB) is scheduled to review the proposal. What’s Planned? The proposal calls for 406 units, a modest increase from the 390 originally planned. The unit mix includes studios and one-, two-, and three-bedroom apartments, with one-bedrooms the most common type and studios the least. Units would average 917 square feet, and each would have access to balcony space. Though the plans remain preliminary, the proposed amenities are wide-ranging. They include workspaces, a children’s playroom, a gym, a club and lounge, a pool, a porch, a poolside grill, and other shared spaces. On the 43rd floor, a rooftop pool and deck would offer some of the highest views in Edgewater. The first and second floors would contain 14,803 square feet of commercial space, a plan that would also involve retrofitting the church’s aging/decaying interior for a new use. To meet anticipated demand, the development would provide 480 parking spaces in a multilevel podium. Elevations from Arquitectonica show the tower rising 464 feet above ground. The facade would combine wraparound glass balconies, floor-to-ceiling windows, and a stucco exterior, finished in a palette of grays, blacks, and whites. The podium would take a more minimalist approach, with metal screening and stucco. Changes & Moving Forward The revisions focus largely on how the tower relates to the historic church. Most notably, the new construction would be pushed nearly 70 feet back from Biscayne Boulevard, opening up the church’s preserved south facade, which was completely screened from view under the 2022 approvals. The ground floor has also been reconfigured to introduce a pedestrian plaza along the boulevard, with back-of-house and infrastructure functions moved to the building’s interior, according to the project’s attorney. The revised demolition plan also preserves different parts of the building. Demolition would be limited to the existing roof structure and the rear facade along NE 2nd Court, while the east facade on Biscayne Boulevard and the north facade on NE 19th Street would be preserved in their entirety, along with a significant portion of the south facade that had previously been approved for demolition. The next step is the review by Miami’s Urban Design Review Board, though the stakes are somewhat limited. UDRB approval is not required, since the board is advisory. Its role is to direct changes it sees fit to a tower’s aesthetics, such as the design of the facade and podium. Even so, the board’s input carries weight in practice. Developers typically follow its recommendations, whether the board approves a project with conditions or denies it, and the project team is likely to treat the board’s comments as guidance as it works toward final approval.
12-Story Condo Proposal, Mr. C Residences, Advances in Downtown Boca Raton
A new luxury condominium development is taking shape in Downtown Boca Raton, where a familiar development site is now slated for Mr. C Residences, a branded project that would bring the hospitality group’s signature amenities and Bellini Restaurant to the city. The 12-story proposal is scheduled to go before the city’s Planning and Zoning Board on October 15th, with staff recommending approval subject to conditions. The project, planned by Wexford REI and Key International represents a significant departure from the original proposal for the site. The same joint venture had previously planned a 190-unit residential development, but the subsequent pivot to Mr. C Residences has brought substantial changes to the project’s design and programming, requiring revisions to its previously approved site plan. The latest proposal calls for 133 condominiums, a reduction of 57 units from the original plan, even as the development’s overall square footage increases by nearly 20,000 square feet. The revised project would occupy a 2.1-acre assemblage spanning 14 Southeast 4th Street, 33 Southeast 4th Street, 36 Southeast 3rd Street, and 41 Southeast 4th Street. To accommodate the development, portions of a street and an alley would be vacated, expanding the property from 1.64 acres to its proposed 2.1-acre footprint. The developers paid $25.5 million for the private parcels within the assemblage, which would rank among the largest development sites in Downtown Boca Raton. According to plans, the 12-story tower would contain 133 residences ranging from 1,674 to 2,319 square feet, with two- and three-bedroom layouts. The units would occupy the upper end of the South Florida condominium market, positioning the project as a luxury residential offering rather than the higher-density development initially envisioned for the site. Despite the reduction in unit count, the larger overall building area would allow for an expanded program of residential amenities and shared spaces. Residents would have access to a rooftop resort deck featuring an infinity-edge pool, private cabanas, an open-air cinema, grilling areas, and the exclusive Mr. C Bar & Lounge. Wellness facilities would include a signature spa with a traditional hammam, an infrared sauna, a steam room, and additional amenities distributed throughout the building. The ground floor would introduce another major change from the earlier proposal: 5,977 square feet of dining space anchored by a Bellini Restaurant on the northern side of the property. The previous development plan did not include retail space. To serve both residents and restaurant patrons, the revised project would provide 322 parking spaces, down from the 335 spaces proposed previously despite the substantial reduction in residential units. Designed by Arquitectonica, the 12-story tower would rise 150 feet, with a facade defined by warm tan and brown tones, sweeping curves, floor-to-ceiling glazing, and expansive balconies. The Planning and Zoning Board has yet to review the revised plans, but the city’s staff has already recommended approval subject to conditions. If the proposal moves forward and construction begins, Mr. C Residences would rise alongside Modera Boca Raton, the neighboring development already under construction and in the vertical construction phase.
ACRE Communities Plans 391-Unit Mixed-Income Tower in Downtown Miami
As Miami continues to grapple with housing affordability, a proposed mixed-income tower in Downtown would bring hundreds of new apartments to the urban core, including income-restricted and workforce housing steps away from Miami Worldcenter. Led by ACRE Communities, the development would also bring a new fire station to a long-underutilized, city-owned site. Planned for 604 NW 1st Avenue and 25 NW 6th Street, the development would occupy a nearly 0.8-acre site that has sat abandoned and underutilized for years. Redevelopment plans began to take shape in 2025, when the Southeast Overtown/Park West Community Redevelopment Agency (SEOPW CRA) opened the two-parcel property to redevelopment proposals. After receiving three submissions, a selection committee chose ACRE Communities, which has experience delivering mixed-income housing and other types of developments, as its preferred developer. The project is now moving through the next stage of the process, with the SEOPW CRA working to establish a development agreement with ACRE Communities. If the process proceeds as planned, the agreement would bring the project closer to securing development rights and advancing toward construction. According to plans submitted to the city, the proposed tower would contain 391 residential units, with an average unit size of 782 square feet. One-bedroom apartments would make up the largest share of the development, followed by two-bedroom units, studios, and three-bedroom apartments. The project would include a substantial affordable housing component, with 156 units, or 40% of the total, reserved for households earning up to 60% of the area median income (AMI). Another 47 units, representing 12% of the development, would be designated as workforce housing for households earning up to 120% of AMI. The remaining apartments would be offered at market rates. Beyond its residential component, the development would also bring a new public safety facility to the neighborhood. Although the plans do not call for any retail space, the project would encompass approximately 630,000 gross square feet, including 13,000 square feet on the ground floor dedicated to a new fire station. The facility would serve Downtown Miami and surrounding communities as the area’s population continues to grow. ACRE Communities has also said it intends to improve the pedestrian environment around the property through wider sidewalks, additional greenery, and other streetscape improvements. Above the ground floor, the building would include 432 parking spaces, with one level dedicated to public parking. The proposed design, however, is not yet final. Although renderings have already been produced, ACRE Communities is looking to incorporate input from local artists, including potential murals on the parking garage and other architectural elements that draw from Overtown’s historic architectural character. Those ideas are expected to inform subsequent design revisions, with updated elevations yet to be released. Financing would rely on a layered capital structure typical of large-scale mixed-income developments in Miami, according to ACRE Communities. The proposed package would combine tax-exempt debt, tax credit equity, public soft loans, and sponsor equity. The developer said the structure is intended to minimize risk, support long-term affordability, and remain consistent with the project’s proposed budget. If the project advances on its current schedule, construction could begin in January 2028, with completion targeted for the summer of 2030.
Distressed Mercedes-Benz Places Nears Construction Restart as $1.1B Financing Advances
The construction site of the distressed Mercedes-Benz Places condo project has been stalled for more than a year now. Crews were entering vertical construction after multiple basement floors had been completed, before work abruptly stopped early last year and left the supersized development frozen in place. The stoppage has opened JDS to a suite of new problems, including foreclosure proceedings, but the developer has spent the past several months working on a way out. New financing and a joint development partner could give the project the capital and backing needed to restart, potentially putting an end to a difficult chapter for one of Miami’s most ambitious developments. Just recently, that deal appears to be finally coming together, bringing the project closer to a construction restart than it has been in more than a year. The first inklings of such a deal emerged this summer, when The Real Deal reported that JDS was looking to bring Fontainebleau Development into the project as a partner while securing more than $1 billion in financing for the distressed site. The new capital would replenish the project’s depleted financing while also resolving litigation with the existing lender, clearing two of the biggest obstacles standing in the way of a restart. J.P. Morgan would lead the $1.11 billion financing package, providing an $860 million construction loan, while Nuveen Green Capital would finance the remaining $250 million through C-PACE financing. According to new reporting by Commercial Observer, term sheets have now been signed, with the deal expected to close by the end of the year. If it closes as planned, the financing could allow construction to resume before 2027. J.P. Morgan would reportedly be collateralized by the entire Mercedes-Benz Places project, which is valued at approximately $2 billion upon completion. Nuveen, meanwhile, would be collateralized by the commercial component alone, giving the lenders separate positions across the project’s residential and commercial uses. Once completed, now expected in 2029, Mercedes-Benz Places would include 850 residential units, 791 of which would be branded Mercedes-Benz condominiums. The development would also feature 200 luxury hotel rooms, 881 parking spaces, 139,032 square feet of wellness and restaurant space, and 153,211 square feet of office space. The project received full approval from Miami-Dade County in mid-2025, meaning the development is not waiting on a major new entitlement to move forward. The project’s scale also extends beyond its private components. As part of its approved program, the development is required to construct a new fire station on the ground floor, as well as restore and redesign Southside Park. Additional public benefits include payments toward a dedicated fund, adding a substantial civic component to the project’s already extensive program. Designed by SHoP Architects, the tower would rise 64 floors and reach 764 feet. Its stacked and offset volumes give the building a distinctive silhouette, drawing some visual comparisons to the nearby Waldorf Astoria, which uses a similar stacked-box approach on a much larger scale. For more than a year, all of that has existed largely on paper and behind construction fencing. Now, with term sheets signed, more than $1 billion in financing lined up, and Fontainebleau poised to join JDS, Mercedes-Benz Places may finally be approaching the moment when the long-stalled development begins rising again.
31-Story Yacht Club Tower at 1111 Brickell Bay Drive Could Be Demolished for Miami’s Tallest
A 31-story rental tower in Brickell may soon face the wrecking ball, and what replaces it could become the tallest building in Miami. Last week, a joint venture between Oak Row Equities, OKO Group, and Mariposa Real Estate filed plans with the Federal Aviation Administration for a 1,042-foot tower, barely edging out the 1,041-foot Waldorf Astoria Residences Miami (according to the FAA), which is currently under construction. The plans are still very preliminary, but the proposed development would be mixed-use, featuring luxury condominiums and a hotel concept. The news comes after the developers closed on a $520 million purchase of the property at the beginning of the year. At the time, the transaction was the largest land sale ever recorded in Florida, a record that lasted only until last week, when Ken Griffin completed his historic $1.1 billion all-cash acquisition of Mana Wynwood. TYKO Capital served as the senior lender on the Brickell transaction, providing a $464.5 million acquisition and predevelopment loan. Following the closing, Oak Row Equities managing partners Erik Rutter and David Weitz described the deal as a major milestone for the growing firm and its partnership with OKO Group. “Closing on Brickell Bay Drive is a historic moment for our growing firm—a milestone that speaks to the caliber of our team—and for the future of Miami. We are honored to partner with OKO Group to create a globally-coveted experience and new way of living that is singular to this once-in-a-lifetime waterfront site,” they said at the time. The parcels purchased by the joint venture encompass 4.25 acres of buildable area, with zoning that allows for some of the most significant density and height in Brickell. The assemblage includes the Yacht Club Residences at 1111 Brickell Bay Drive, a 31-story rental tower with 357 units that was completed in 1998, as well as an office tower at 1001 Brickell Bay Drive that was built in 1985. The 1,042-foot filing applies to the first phase of the development, which would replace the existing Yacht Club Residences with the proposed supertall. There will also be a second phase at 1001 Brickell Bay Drive, where the existing office tower is slated for demolition and replacement with another new tower. The property was approved by the FAA in 2024 for a 765-foot building, but the joint venture recently filed for a construction crane that would reach 989 feet at the site. The crane filing lists work between July 1, 2027, and December 31, 2028, meaning construction on the two phases could begin sooner than previously expected. All of the recent filings, including the one for the 1,042-foot supertall, are still awaiting approval. The proposed height falls within the FAA’s limits for Brickell, which is capped at approximately 1,049 feet above mean sea level. If ultimately approved and built, it would join what is now a growing collection of supertalls planned across Miami, including Waldorf Astoria, Delano, One Bayfront Plaza, Dolce & Gabbana Residences, and several other projects that could reshape the city’s skyline. A tower of this caliber would make sense for the property given how few large waterfront development sites remain in Brickell. The full assemblage features approximately 485 feet of contiguous bayfront frontage along Biscayne Bay, giving the developers an unusually large waterfront site in one of the most densely developed parts of Miami.