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Downtown Miami
1400 Biscayne Blvd Site
The Related Group has purchased property at 1400 Biscayne Boulevard for $57.3 million. The land sits just West of the old Miami Herald Building owned by Genting Group and just North of the Adrienne Arsht Center.
Related Group is planning three mixed used towers for the 2.8 acre site, according to The Miami Herald.
Related Group has many projects being developed in Miami right now including Hyde Beach Resort & Residences, SLS Brickell, 1100 Millecento, and Paraiso Bay.
Overhead View of the Arsht Center and the Sears Tower
The Miami Herald is reporting that a Books & Books is coming to the Adrienne Arsht Center by the end of the year. They will be moving into the two story Sears Tower of the building.
The Sears Tower was built in 1929 and was saved from demolition when it was incorporated into the design of the Adrienne Arsht Center.
The Books & Books store is located near The Perez Museum of Miami, Museum Park and the currently under construction Frost Museum of Science.
Site of Krystal Tower
A Brazilian developer, part of the Krystal Investment Solution, is planning to build a condo in Downtown Miami located at 530 NW 1st Court. The condo is on the edge of Downtown Miami and Overtown.
The project will have 153 residential units and rise 35 stories. Glidden Spina + Partners was the architect on the tower.
Currently there is a shell of a previous building on the site that was foreclosed on. Krystal Investment Solution paid $3.5 million for the property.
Construction is expected to start this Winter and be completed in Summer of 2016.
Red Outline Of Where A Bay Walk Would Be Implemented On Miami's Waterfront
Related Group is envisioning a pedestrian bay walk along the water that would stretch from Edgewater down to Brickell according to Curbed Miami. The bay walk would allow access for pedestrians, bicyclists and provide benches throughout.
The survey was done by Arquitectonica, which was commissioned by Related Group.
Creating a clear path and connecting the whole bay walk would take time, but is plausible thanks to new construction in Edgewater that is making access to the water a lot easier.
Courtyard Marriott Downtown In Downtown Miami
The owner of the Courtyard Marriott Downtown, AVR Realty, is listing the hotel for sale through CBRE.
The recently renovated hotel has 233 rooms and rises to 13 stories. The hotel sits on 1.1 acres and zoning in the area allows up to 1,070 condo units.
The building is located next to the iconic Miami Tower and the Montage at Met 3, which is currently being constructed.
Bids will be submitted in October and an official sale is expected by November.
Frost Museum of Science Next to Biscayne Bay
Since our last update two months ago, the Frost Museum of Science is steadily taking shape.
They have started to add the outside facade to the building and you can get a better idea of what the finish product will look like.
The museum is expected to open in 2015.
Palm Court Under Construction In The Design District
Since we last looked at the Design District expansion, the area has progressed rapidly, especially Palm Court.
Part of the new development in the Design District is the addition of the Paseo Ponti walkway which will connect all the retail and restaurants between 38th St. to 42nd St. At the southern most tip of the Paseo Ponti walkway is the Palm Court.
Palm Court will be a mixed used retail area that is highlighted by a two floor glass structure designed by Japanese architect Sou Fujimoto. The blue glass structure was inspired by waterfalls and Miami's rain. The glass fins will go from the rooftop all the way down to the courtyard floor and is visually stunning to look at.
Along the the glass "waterfall," the centerpiece of Palm Court will be Buckminster Fuller's 24 foot "Fly's Eye Dome." The glass dome will sit atop a round opening that will lead people to the underground parking below all the retail shops.
On the second level of Palm Court will be a 5,000 square foot event space designed by Aranda/Lasch that will have folding hardwood doors to create an indoor/outdoor environment.
Palm Court is expected to be completed by the end of 2014/early 2015.
