A twin-tower project called Miami 18 is in the planning stages at the S&S Diner site by Israeli and Chinese developers.
The developers completed the purchase of the property on June 1 for $36 million. ASRR of Israel, CNMB International of China, and G-Resources of Hong Kong each own a third.
According to documents filed with the Tel Aviv Stock Exchange (first reported by The Real Deal), the project is expected to include:
- Two towers, rising 60 and 40 stories
- 1.7 million square feet of space
- 1,200 rental apartment units (some workforce housing)
- 500 hotel rooms
- 350,000 square feet of rental office space
- 25,000 square feet of retail
ASRR’s share price has risen over 30% in Israel in the past year.
the padel courts are excluded from the land assemblage:
