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Richman Group
After beginning groundbreaking in April of this year, Biscayne 27 is starting to go vertical in the Edgewater district of Miami.
Biscayne 27 will be 8 stories and have 330 apartment units on a 2.2 acre site.
Demolition on the houses previously on the site began in June 2016.
Biscayne 27 Site in Edgewater
Groundbreaking has begun at Biscayne 27 after developer Richman Group was able to secure a $58.6 construction loan on the 8 story apartment building in Edgewater.
The 2.2 acre site was purchased for $30 million in May 2016 and demolition began the next month on the houses on the land.
Demolition at Biscayne 27
Demolition has begun at Biscayne 27 (the former Ion Edgewater site) in Edgewater. Workers have begun clearing the land and are in the process of demolishing all of the houses on the site. Most of the houses were built in the 1920's and were currently used as multi-unit apartment rentals.
Located at 2701 Biscayne Boulevard, Biscayne 27 will be 8 stories and have 330 apartment units. There will also be 9,537 of retail space, 396 parking spaces and courtyard with pool. The building was designed by Corwil Architects.
The 2.2 acre site was purchased by Richman Group for $30 million.
Construction on Biscayne 27 should begin before the end of the year.
