Baybakov Submits Plans To Build A 646-Foot Tower On Edgewater Land That He Is Clearing

Oleg Baybakov is planning to build a residential tower on the Edgewater property that he began clearing last week.

Baybakov filed plans with the FAA earlier this month to build a 646-foot tower on the property. The tower would top off at 649-feet above sea level, the maximum permitted in the area.

To build the tower, Baybakov began demolishing buildings on the 2.5-acre property last week. Baybakov assembled the land for nearly $40 million.

Baybakov’s 700 Edgewater LLC, which is the developing entity, also recently donated funds to Teresa Sarnoff, who is running for a Miami commission seat.

TNM will post renderings and plans for the new tower shortly.

 

 

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Anonymous
5 years ago

I love how Edgewater is growing to become another center of skyscrapers, but they really ought to extend Metromover north along Biscayne Blvd or 1 block west to connect the area to downtown and Brickell in my opinion.

Dave
5 years ago

They “should” but MD Transit is not planning on it. They have $0 dedicated to expanded rail in their 10 (or was it 20?) year plans. Which means its going to be interesting to see how Edgewater handles the 1000s of new people with little to no transit options (and poor road connectivity). It needs rail. We will see if it comes.

Anonymous
5 years ago

Times they are a changing. Plenty actions have shown actual potential action for transit, such as the recent transportation. Also TriRail Coastal will very likely connect in Midtown/Edgewater. There are already the Trolley and plenty Ubers/Lyfts in the area. There’s been talk about a streetcar to connect the area to downtown (and the metro) for a fraction of the cost to extend the metro. Long and short: there are already options and potential actions

Anonymous
5 years ago

Streetcar or trolley – unless with a dedicated travel lane- are really no option at all as they will defeat the purpose of public transit:to move many people efficiently and cost effectively and with greater speed than the other options.

Anonymous
5 years ago

I live in Omni edgewater…..this area is seemingly on fire but also appears to be aspiring to be a very high priced zip code…..it wont be recognizable in 3-5-years….museums art accessability to everywhere…..pretty exciting to be here to see it…but need melo to keep building for locals……

Anonymous
5 years ago

Spider Ventures and Stripey Real Estate Development are building for locals. Edgewater seems to be developing with a solid mix–high-priced high-rises, mid-rise infill, retail/restaurants, green space, (hopeful) bay walk, museum/office (Fairholme) and potential mixed use with what was once ION. Not a bad start for the things that will inevitably follow.

Edgewater Rise
5 years ago

Great news for Miami! investors like Baybakov gonna really help create a new image for Biscayne Bay-bakov!