60-Story Edgewater Apartment Tower Submitted To Planners

NYSE-listed Aimco has submitted plans to build a 650-foot apartment tower in Edgewater to Miami-Dade planners for review.

The project will be built on Biscayne Bay, across the street to the south from Aimco’s Hamilton on the Bay. Aimco wants to close the street off to build a waterfront pedestrian plaza with with landscape and hardscape improvements.

According to the newly submitted plans, the new 60-story tower will include:

  • 241 residential units
  • 4,696 square feet of restaurant
  • 380 parking spaces in an 8-story garage, partially lined with residential (30% reduction waiver, 20% EV capable)

Even after the new tower is built, Aimco will still have rights to build an additional 1,135,141 square feet and 225 more residential units, the application notes.

Stantec is the architect.

The project is pending final site plan review by the City of Miami, and the developers are now requesting a hearing from Miami-Dade’s Shoreline Development Review Committee.

 

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Anonymous
6 months ago

wow. VERY nice. Love that base. I wish we had more of this aesthetic in downtown.

Anonymous
6 months ago

It….looks phallic

Anonymous
6 months ago

Welcome! These buildings are referred to as “sky scrapers”

Anonymous
6 months ago

Agreed. Stantec did a great job with it, considering a lot of their work is Arquitectonica-tier trash.

XYZ
6 months ago

I agree. I am pleasantly surprised here.

Anonymous
6 months ago

Connected baywalk and riverwalk is what residents deserve.

Angelina
6 months ago

I agree. Why it takes so long to do it? Where is the problem? Who is responsible?

chongalicious
6 months ago

a bad city commission who cant seem to keep the checkbook balanced and decide which tio’s construction company to use for the proper kickbacks from the “project budget overage”…..

They call me...
6 months ago

In the United States, people have private property rights.

Owners of the old waterfront buildings cannot be forced to surrender their property to the govt. However, the govt can dangle a carrot that upzones an area, with the caveat that any major modification to a propert MUST provide for a 50ft setback and waterfront access for the public.

When the properties get valuable enough, or owners get motivated enough, they will sell. “Greedy developers” come in and make the world a better place.

Anonymous
6 months ago

Fundamentally flawed analysis. Have you heard of eminent domain? I’m not advocating for it in this case but your statement that gov’t can’t force private property owners to surrender their property is flat out false.

Anonymous
6 months ago

Exactly. And if it’s already being required for the developer to build it during redevelopment/new construction, I don’t think anyone involved would complain if the city does it for them in advance.

Anonymous
6 months ago

LOL if you don’t think the government is already corrupt, eminent domain is a corruption magnet.

Anonymous
6 months ago

Yeah this isn’t right. Go up to Fort Lauderdale somehow they managed to produce a beautiful, completed riverwalk. And San Antonio. And New York. And……

CHI town
6 months ago

And Chicago, and…

Anonymous
6 months ago

Really refreshing to see cladding with ACTUAL STONE instead of cheap painted stucco, stucco, stucco like we constantly see.

Anonymous
6 months ago

Hang tight…Stucco is coming!

Anonymous
6 months ago

Not to mention ugly sheet metal and murals, like that one on Paraiso Bay’s parking garage that looks like something on the wall of an elementary school.

Joe D
6 months ago

God help traffic in Edgewater in a few years.

BDub
6 months ago

Or now going north on Biscayne after 4pm many days.

Anonymous
6 months ago

If you two don’t want to hack it, then stay away.. its that simple!

Anonymous
6 months ago

Stop whining…

chongalicious
6 months ago

sit in that traffic on a friday afternoon in the summer with your a.c. off…and see about whining..

Anonymous
6 months ago

Then move to Homestead or Jensen Beach…and get your AC fixed…and yeah like the other guy said stop whining

Only in dade
6 months ago

Wish they would include more mixed urban use such as grocery stores, small businesses etc. That would help traffic. Pedestrian friendly type city

Anonymous
6 months ago

Love the design of this building. Forget all that quirky gyrating and swooping balconies look, clean looking towers like this is what’s needed in Miami.

Anonymous
6 months ago

Quality materials and windows treatments, too. Classic and modern at the same time.

Melo is sigma and chad
6 months ago

Start piling work already, get those permits fast tracked. The ground level interacts with the street beautifully.

Anon
6 months ago

Is Edgewater the new Brickell?

alcoholic anon.
6 months ago

do you see all the business related job popping up in edgewater or just service based jobs???? do the math from there

They call me...
6 months ago

Yes! I heard that the Four Seasons is opening a new Edgewater location right next to that half-way house where the convicts stop off before going back to prison.

calivalle
6 months ago

Looks awwwwwmazing…

Melo’s pájaro nalgon
6 months ago

This thing is gonna look sesual wit it

Melo’s pájaro nalgon
6 months ago

This is how every podium should look like.

Anonymous
6 months ago

And that’s what you want.

ParkingHater
6 months ago

I wish they would specify when they mean EV capable. Do they mean just running conduit? do they mean running electrical but no head unit for the actually J1772 unit? is there electrical for class one or two? any CCS? I know I am being nitpicky.

Dj.milligrams
6 months ago

Smells like a flip and how long has that lot across the street sat empty??? Ive seen numerous developers promise there and nothing ever

Terry C.
6 months ago

Aimco is a public traded company. They’re not in the game of flipping property.

alcoholic anon.
6 months ago

if there are profits to be gamed from a flip it will be part of the action plan….”its all good business”

Anonymous
6 months ago

Thats a great way to lose your REIT status.

Investment Term: Because Congress created REITs as a vehicle for making long-term improvements to our nation’s real estate, REITs cannot have any income from the sale of inventory. The tax benefits given to REITs cannot be attained by flipping properties. All REIT sales transactions are subject to prohibited transaction analysis. There is a prohibited transaction safe harbor if a REIT sells fewer than 7 properties in a year and holds each property for more than 2 years. All potential sales transactions should be reviewed in order to consider potential issues. If a transaction is determined to be prohibited, then there is a 100% tax on the gain.

Anonymous
6 months ago

Very basic, nothing new

Anonymous
6 months ago

Bay Park Towers Condominium days numbered…should’ve kept that condo unit!

Baypark Tower Owner
6 months ago

Doubt they will get the 10% reduction on the sidesetbacks . Baypark tower will opposed this.
Weird that they think buyers won’t ask how the Douth facing units won’t be blocked by whatever happens in Baypark Tower lot.

Paranoid Android
6 months ago

Looks PDN (pretty damn nice) actually. Not bad.

Melo’s pájaro nalgon
6 months ago

Meh. It’s alright I guess

Anonymous
6 months ago

Wow it looks like there is a pool on the ground level. I think that has never been done before in Edgewater

Anonymous
6 months ago

It has. There are a few buildings on the baywalk whose pools are ground level. Doesn’t give residents much privacy.

Ciparoo
6 months ago

Free refills too when the area floods

Melo’s pájaro nalgon
6 months ago

Hahaha

alcoholic anon.
6 months ago

wait isnt this the neighborhood covered by the army corps of engineers 20 ft high sea wall….lmao