A groundbreaking ceremony was held this morning for the 44-story Lofty Brickell, becoming one of five major projects that got underway in Miami in January.
Lofty Brickell is planned as a $300M project with 362 condo units (it is said to be 88% sold by the developer).
Other projects that have broken ground this month include:
- On January 9, a groundbreaking ceremony was held for the 36-story, 616-apartment Atlantic Station in Overtown, which developers said is the largest single phase mixed-income Transit-Oriented Development to ever get underway in Miami-Dade County.
- On January 20, L&L Holding Company and Oak Row Equities announced they had obtained $215 million in construction financing for 1 million square foot Wynwood Plaza and were beginning work immediately. A photo from the site by Kevin Amézaga shows foundation work underway.
- On January 26, Developers Related Group and Merrimac Ventures broke ground on the 33-story Crosby Residences tower at Miami Worldcenter. Developers say the 450-unit project is 100% sold.
- Also this month: foundation equipment arrived at the site of 444 Brickell Tower II, where a 44-story tower is planned with 506 apartments. The machinery arrived shortly after developer Related Group announced it had obtained a $164 million construction loan.
(screenshot image: Lofty Brickell)
The Wynwood Plaza:
444 Brickell Tower 2: