Related Group is asking city commissioners to approve several variances needed for the One Brickell project. A vote is scheduled for next week.
The project will eventually include 1,400 residential units, 249 hotel rooms, 24,462 square feet of commercial space, and 41,272 square feet of office space. Three towers will rise 75-stories (674 feet), 55-stories (481 feet), and 80-stories (859 feet) atop an eight story podium with 1,993 parking spaces.
The existing buildings on the site, including the one housing Capital Grille, will be demolished. However Capital Grille will be a tenant in the new project.
GTIS Partners owns a 72% stake in the project. Smaller stakes are controlled by Related Group and Related Companies, as well as the Dezer family.
The requested waivers include:
A 30% reduction in required parking (proximity to metromover)
Floorplates of Tower I and Tower II are proposed to be closer together than code allows (58 feet, requirement is 60)
Floorplate length for Tower III is 10% longer than permitted
Nine loading berths proposed, instead of ten required
The tower will also not meet the view corridor requirement under Miami 21. Due to the 385-foot length of frontage on the Miami river, Miami 21 requires a combined 96 feet of setback on the east (Brickell Avenue) and west sides of the property. Related is planning 30 feet on the west side, but will encroach 22 feet into the view corridor on Brickell Avenue. Miami’s planning department is still recommending approval, since the encroachment will only occur above the first level.