A groundbreaking ceremony was held yesterday for the Gallery at West Brickell. Construction is now underway.
It is the the largest single-phase public/private project in the county, with an estimated investment of roughly $190M, developer Related Group said.
The project will rise 29 stories, or 304 feet and include:
- 465 rental apartments (163 workforce/affordable, 302 market-rate)
- 2,240 square feet of office space
- 2,338 square feet of retail
- 529 parking spaces in an 11-story garage (70 reserved for the school next door)
According to the Herald, affordable apartment rents will start at $750 per month for a studio, while market rate apartments will top out at $3,950 per month for a three-bedroom unit.
In order to win the rights to develop the Gallery at West Brickell on county land, Related agreed to pay 16.5% of available net cash flow from the completed building to the county, plus a $1.6 million up-front payment, according to Local 10.
Completion is scheduled for spring 2025.
Next door, a seven-story school called Southside K-8 Center is under construction, with completion scheduled for next year. The school building will also include ten 1-bedroom apartments for teachers.