Chetrit Closes On Brickell Land For 1,749 Unit Miami Riverwalk

New York Developer Chetrit Group, led by Joseph and Meyer Chetrit along with local manager Ari Pearl, have closed on the Finnegan’s River property in Brickell for $11.5 million.

The developer is planning a large mixed-use project called Miami Riverwalk. Another parcel was purchased in June for $4.6 million, but more land remains to be assembled

Miami Riverwalk will include four 60-story (650-foot) buildings with 1,449 residential units, along with a 300 room hotel, all designed by architect Kobi Karp.

Chetrit is also considering funding colored up-lighting of adjacent I-95 and 2nd Ave bridges over the Miami River. Doing so could allow for density increases granted for public benefit contributions.