14-Story Edgewater Condo Tower Will Be Demolished & Replaced With Multiple Towers Of Up To 60 Stories

An unnamed developer is buying out a condo in Edgewater, with plans to demolish the 14-story tower and replace it.

A building as tall as 60 stories can be built on the property.

The developer will submit plans for the new project to the city by May, a broker involved in the transaction told the Herald.

Related Group previously submitted an offer in 2019 to buy a portion of the property from owners of the bayfront condo building for $24 million.

The 2019 Related proposal called for two towers with 200 units on an area that was being used as a surface parking area, a tennis court and recreation area.

The new proposal from the unknown developer calls for the 14-story Biscayne 21 condo building itself to be demolished and replaced by multiple buildings.

Biscayne 21 has 192 units and was built in 1964.

 

(photo: Phillip Pessar)

 

 

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POLO
5 months ago

I knew the days were numbered for that old building in that prime bay location. I hope they come up with a stunning piece of architecture.

Azarius
5 months ago

Really need something architecturally remarkable and wowing thereโ€™s already enough boxes on the bay

Anonymous
5 months ago

Forget about it. It’s Miami. King of cigarette box buildings. The only thing that changes is the shape and juxtaposition of balconies

Azarius
5 months ago

Lol

Anonymous
5 months ago

I hear ya.

For you developers, please at least stagger the buildings heights.

Anonymous
5 months ago

they don’t care about that mama – they care about making as much $ as possible.

Anonymous
5 months ago

Lol @ cigarette box

Anonymous
5 months ago

You’re gonna be surprised ๐Ÿ™Š๐Ÿ™‰๐Ÿ™ˆ

Anonymous
5 months ago

Yeah, you would have to travel several hundred feet north to Elysee to find a non-cigarette building box building (by Arquitectonica).
https://www.thenextmiami.com/photos-the-649-foot-telescoping-elysee-tower-in-edgewater-is-nearing-completion/

Anonymous
5 months ago

This also means one more section of the Baywalk.

Anonymous
5 months ago

Yes!!!

Anonymous
5 months ago

^This. The developer will be required to put in a baywalk and it will fill in a gap. It would be continuous from Pace Park up to 23rd Street once this corner gets filled in.

Anonymous
5 months ago

Not just 23rd. This is the final piece. Itโ€™ll go all the way up past missoni once island bay is completed.

Anonymous
5 months ago

Now we need Metromover to follow

Anonymous
5 months ago

Yes!

Anonymous
5 months ago

Nobody who can afford the real estate prices for a new tower on this land will take your beloved little electric shortbus.

Anonymous
5 months ago

Thatโ€™s a big condo buyout (usually hard to do). I wonder what the developer was offering the unit owners.

Anonymous
5 months ago

You aren’t kidding. They need approval of 100% of the owners. Very tough deal. Surprised the broker is talking about it so much.

Anonymous
5 months ago

100%? Normally itโ€™s 90% no? Any idea on the sale price of this one? Saw the high numbers the brokers were saying last yr – wonder if it got even close.

Anonymous
5 months ago

Not true. You do not need 100%

Anonymous
5 months ago

I currently live in Biscayne 21. Going to miss it. Amazing location

Anonymous
5 months ago

How much was the buyout offer?

Anonymous
5 months ago

I rent but i’m sure condo owners were offered well above market value.

Anonymous
5 months ago

I hope you find a great deal in one of the surrounding buildings.

Ridarope
5 months ago

I used to own a 1 / 1.5 in the building. Current owners of that model are getting close to $700K. Ouch for me!

Anonymous
4 months ago

Did you speak with someone in the building who still owns? Interested to hear the source of this info and how reliable it is.

Good for them though – lots of dough for those units. 3 bed owners must be walking with a cool mil.

Anonymous
5 months ago

Unit owners with a big smile :))

Anonymous
5 months ago

What I would really like to see is new towers being built west of Biscayne Blvd.

Anonymous
5 months ago

Hmmm.. two thumb down votes. Must be by some of those boring a$$ park people…

Michael
5 months ago

My dear friend had an apt. In that building. It was fantastic.

Anonymous
5 months ago

Does anyone know how much unit owners got from the company?

Anonymous
5 months ago

Developer out of NYC! Hopefully they will build something magnificent!

Anonymous
3 months ago

Another developer of NYC is behind Bay Park Towers!!!! Offer still far from Biscayne 21 numbers!!!

Anonymous
5 months ago

Rip Biscayne 21

Anonymous
5 months ago

RIP, buildings far more worthy than this that were destroyed in Edgewater for parking garages of giant Related cigarette boxes.

Ridarope
5 months ago

I think the worst builder in that regard has been Melo, not Related.

Anonymous
5 months ago

Progress

Calivalle
5 months ago

Awesome vibes..๐Ÿ”๐Ÿ”๐Ÿ’Ž๐Ÿ’Ž๐Ÿ’Ž๐Ÿ’Ž๐Ÿ’Ž

Anonymous
5 months ago

Wowza. MIami winning. game changer. LOL

Anonymous
5 months ago

It was recently renovated and painted. Maybe they should have saved their $$$$

Anonymous
5 months ago

We got something cooking up nicely for this one ๐Ÿ˜‰ ๐Ÿค

Anonymous
5 months ago

Wonder what happens to the residents.

Anonymous
5 months ago

They get paid and move.

Anonymous
5 months ago

Yeah but who owns it. This story is incomplete. But good news as this will create a new stretch of baywalk.

Anonymous
5 months ago

Yes, they could have written a more detailed story.

Anonymous
5 months ago

thats a great parcel…..surrounded by water…it should be a success if its condo….hope for unique building …maybe light feature….

Anonymous
5 months ago

hopefully lights that change color and a wave pattern of some kind… and definitely fake grass on the side of the building

Anonymous
5 months ago

Thatโ€™s real grass!

Anonymous
5 months ago

it would be so sad to see another bot coming up here.
build, but make it worthwhile.

Anonymous
5 months ago

About time ๐Ÿ™Œ๐Ÿพ๐Ÿ™Œ๐Ÿพ

Anonymous
4 months ago

Iโ€™m sure there will be quite a few Elysee buyers that will miss their unobstructed views south to the park and Miami skyline.

Anonymous
5 months ago

Might be Mana hiding his name in shame

Anonymous
5 months ago

Kiss my as….

– Mana

Anonymous
5 months ago

Don’t get so hyped about it.
Mana is a silent partner.
LOL