Deal Finalized Allowing Rafael Viñoly’s Casa Forma Tower To Move Forward

The Miami-Dade School Board finalized a deal with a developer yesterday to allow for architect Rafael Viñoly’s Casa Forma tower to move forward in downtown Miami, according to the Herald.

The School Board was scheduled to vote yesterday on the plan, and was expected to approve it.

Developer Crescent Heights would pay $25 million for a property, and combine it with its own land.

There are still further approvals needed, including a deal with the Omni CRA to allow taxes on the development to subsidize the new development (the School Board-owned property is currently untaxed).

City of Miami commissioners must also vote to extend the life of the CRA, but have been deferring that vote.

According to plans already filed with Miami-Dade, Casa Forma is proposed to include:

  • 1,441 residential units
  • Amenities spread over five floors
  • Offices and an auditorium for the School Board  (totaling around 100,000 square feet)
  • Offices for Crescent Heights (19,673 square feet)
  • Ground floor commercial
  • 1,100 parking spaces (with 600 to be used by the School Board and Arsht Center)

The towers will top off at 55 stories, or 649 feet above sea level.

 



 

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Anonymous
3 months ago

“The towers will top off at 43 stories, or 649 feet above sea level”

Towers?.. I only see one building in the renderings.

Anonymous
3 months ago

It’s like conjoint twins…

Brooklyn
3 months ago

nice looking tower but wtf is that podium

Anonymous
3 months ago

You don’t know about parking?

Living off A1A
3 months ago

did you read the article? Retail at street level … and the School Board offices and Auditorium. … . . that takes wide space. I’m sure that was mandatory to get the property and airspace.

Anonymous
3 months ago

IDK, looks better than most Related or Melo parking podiums with some hideous mural, assorted sheet metal, or irregular slit openings like a jailhouse.

Anonymous
3 months ago

120,000 sq ft of office space and retail.

Anonymous
3 months ago

Miami is growing beautifully! I love it

Anonymous
3 months ago

We have sections in a zoning board that will tell developers that their project has too much massing and it needs to be broken up. Now I wanna see if this same zoning board will tell Developer Crescent Heights and architect Rafael Viñoly’s that this project has the look of too much massing and it needs to be broken up.

Anonymous
3 months ago

Well that would be arbitrary and capricious because they don’t tell their Arquitectonica and Kobi Karp buddies to break up and articulate their giant cereal boxes.

Anonymous
3 months ago

Hideous building…and Rafael Viñoldi has some great designs, not this one. A fellow architect.

Anonymous
3 months ago

I respectfully disagree. I believe the building is in line with his previous projects. I remember landing in Montevideo and my jaw dropping in awe of his work on that airport. It will be a stunning addition to the Miami Skyline.

Anonymous
3 months ago

It’s far better than One River Point as proposed, and his God-awful 432 Park Avenue.

Anonymous
3 months ago

If they take the form of the tower all the way to the ground it will look better. That podium has to go !

Anonymous
3 months ago

YEARS away, if at all from groundbreaking so spare me

Anonymous
3 months ago

I know but I’d definitely love to have a Viñoly designed tower in Miami

Anonymous
3 months ago

Are they still proposing to cantilever over the property line with the hideous podium? Step it up Vinoly.

Woody
3 months ago

I actually like it!

Anonymous
3 months ago

this area west of omni will be hot by 2025

Anonymous
3 months ago

Yesssss Finally!!!!!!! Parking Lot Land will be gone in 5 years

Anonymous
3 months ago

Noooooo this building is horrendous.

Anonymous
3 months ago

This is terrible

Anonymous
3 months ago

in contrast to what? Another Kobi Karp monstrosity?

Anonymous G
3 months ago

Nice! I like it. Hopefully a ground breaking date will be announced soon!

Anonymous
3 months ago

Looks like a wider version of 500 Alton in Miami Beach, maybe if the podium was concealed it would look a little more elegant. Nonetheless, the rendering with the signature bridge, Frost Museum, and park in the immediate surrounding looks stunning – I can’t wait for it to all be built.

Anonymous
3 months ago

1441 apartments with an average of 2 persons per apartment and only 500 parking spots for residents. That parking will cover only 17% of the residents. I guess the rest will do public transit or car sharing services.

Anonymous
3 months ago

Who knows…. most units will probably be just lock boxes for rich South Americans cash. Like with most projects featured on this site.

Anonymous
3 months ago

But think this through.

Foreign investment in Miami-Dade property is a great thing.

In the best case scenario, the foreign investor uses the property as a “lockbox”. I know that the 25 year old “journalist” at the New Times think that is a bad thing. It is not.
Empty foreign owned condos still get property tax bills. In fact, they get tax bills and do not get Homestead Exemptions. Therefore, the foreign buyer pays MORE property taxes than local owners who live their apartments/homes.
40% of Property Taxes go to the Miami-Dade Public Schools. If the foreign owned “lockbox” is valued at $1m, the tax bill is approx. $20,000 per year EVERY YEAR. and $8,000 of that goes to schools EVERY YEAR.
That is for one million dollar “lockbox” that you disparage. You said, “most units will probably be just lock boxes”. I totally disagree, but let’s pretend that you know what you are talking about. Most is one more than half of the 1,441 units… call it 721.
Pulling a number out of a hat…let’s say each apartment is worth $500k on average.
That is a $10,000 in taxes PER YEAR x 721 units…that’s easy math
$7.21 MILLION in taxes paid by a foreign investor who presumably will never send a kid to Miami-Dade public school, will not drive on the roads daily, will not litter on the sidewalks, or even walk on the sidewalks 365 days a year. They won’t use water/sewer, they won’t use the MetroMover, the Library, the Beach, the….hopefully you are getting it by now.
Added bonus: The empty condo still gets a maintenance bill monthly. If “most” of the condos are empty that is fantastic news for the other half who do not have to wait for crowded elevators or machines at the gym.
In this ONE BUILDING the South Americans who use a condo like a lock box GIVE significantly more than they TAKE.
The above is the best case scenario.

The next best thing, and what happens far more often than the scenario above, is that the foreign investor buys the condo, then rents it out to a local renter. I’ve experienced this to great advantage. If that investor counts on this property being a lockbox, then they mostly care about having their property taxes and maintenance fees covered, and maybe getting some cash flow if they can. The foreign investor mostly cares about capital protection, then capital appreciation, then cash flow. Smart renters (<<<most often an oxymoron) can take advantage of this dynamic. Realtors will price the rents to the market. Smart renters will find a way to get their low ball offers through the Realtor to the landlords.
Because rich people usually do not like to be hassled with vacant apartments, they will be willing to accept rent well below market rates for a good tenant who can prove their ability to pay on time. Guess what…the property taxes on these units are fully taxed without Homestead Exemption too…so the foreign investor STILL pays more tax than an owner/occupier.

Anonymous
3 months ago

What part of my post said it was a bad thing? Think this through.

Anonymous
3 months ago

It was never said explicitly. The tone of your prose suggested that it was a bad thing.

“most units will probably be just lock boxes for rich South Americans cash. Like with most projects featured on this site.”

That struck me as a have-not down on his luck who resents successful developments, developers, and successful people in general.

I hope im wrong. Or, at least, I hope that you’ve learned a new perspective and your luck will charge through intellectual curiosity.

Not Anonymous
3 months ago

For the Schools!!

Anonymous
3 months ago

Wish it had less parking, but it’s a step in the right direction

ElpitOnaso
3 months ago

Y’all are crazy. This thing is beautiful. Very wide, all glass, and very classy. Almost reminds me of those high luxury hotels in Vegas

Anonymous
3 months ago

I think some people are against the width of this building. It’s wider than anything you see near the waterfront and we know the entities that make up the zoning board are quick to complain about that. If this building was planned for an area west of I-95, then I think it wouldn’t look so out place. Maybe if they would just breakup the massing of the building into two or three towers, then I think you wouldn’t see so many dissents.

Elpit Onaso
3 months ago

I think it’s good that it’s really wide. All the towers look the same. But this one has a lot of presence.

Anonymous
3 months ago

Talk about the elephant in the room. What a fat fuck. Why not taller?

Anonymous
3 months ago

649 feet is the FAA max in that area.

Anonymous
3 months ago

Ya it could be higher but 650 feet isn’t short, plus it is adding about 1500 condo units which the city does need. Here’s to hoping the gets build before the end of 2024!

Anonymous
3 months ago

The city needs another 3,000 cars on the road?

Anonymous
3 months ago

The city needs roofs for another 1500-plus people.

Anonymous
3 months ago

Yeah man, cars were here before you were born so get over it.

Anonymous
3 months ago

VHS tapes were here before you born too but we all replaced them with streaming devices…

Anonymous
3 months ago

^ Cars were first built with steam engines and then they replaced the steam engines with combustible engines.. now cars with combustible engines are slowly being replaced by electric cars.

Cars aren’t going anywhere anytime soon so get over it.

Anonymous
3 months ago

Stop complaining and don’t drive your car, I have a car and I rarely use it cause of traffic. Let them build about 10,000 parking spots I won’t care.

Anonymous
3 months ago

Feet were here before cars. So get off your ass and go for a walk.

Anonymous
3 months ago

Nooo, I’m entitled to have taxpayers pay for a Wynwood Metromover extension so I can go and see a liberal independent movie at the O Cinema, but walking through Overtown is scawee!

Anonymous
3 months ago

^ Beats walking through farmland and stepping in cow shit.

Anonymous
3 months ago

No it doesn’t.

Anonymous
3 months ago

^ Says a person sitting on his a s s behind a computer keyboard typing BS and has a car in his driveway.

Daniel
3 months ago

Developers don’t have to plan what the City should*, that’s why we pay taxes, there is actually a website where you can leave your comments, it is called ” https://www.miamigov.com/Home “,

Anonymous
3 months ago

You like ’em tall and fat?

Anonymous
3 months ago

Doesn’t Downtown need a school? Isn’t this the perfect building to include one?

Anonymous
3 months ago

For the prices of those residential units, I wouldn’t want to live under a filthy public school. Also, what happened to the Miramar Elementary School site?

Anonymous
3 months ago

live “under” a filthy public school?

Anonymous
3 months ago

That Melo building behind it is about 30 stories lol

Anonymous
3 months ago

I don’t get the knock on the Melo building in your comment?

Anonymous
3 months ago

This building is an absolute behemoth. I don’t hate it, but I wish the residential portion was split into two towers. On the plus side, there will be plenty of shade lol

Anonymous
3 months ago

Wow, this building is AMAZING! I love the shape. Good work. 🙂

real estate BS
3 months ago

why so wide? how about 2 slender towers? Nice view of the bridge structure!

Anonymous
3 months ago

Podium giving me 70s brutalist vibes.

Anonymous
3 months ago

Build taller!!!!

Anonymous
3 months ago

I don’t know, it looks weird. I hope the final product is nice.

Anonymous
3 months ago

This building will be a breath of fresh air in an area dominated by Melo’s cheap, unsightly monstrocities.

Anonymous
3 months ago

Couldn’t they at least ATTEMPT to better integrate the podium and not make it look like they stuck a building on top of another?

Also love how we’ll have the “iconic” spider bridge, and then the city will immediately allow views of it to be blocked by towers around it.

Anonymous
3 months ago

I know, I know, don’t hate me but I actually like this project. It will hide the bridge from a lot of other towers but heck, they can walk to the Underdeck and smile.

Melo is sigma and chad
3 months ago

Nice change up, we do need some THICC towers

Anonymous
3 months ago

Thicc and juicy

Anonymous
3 months ago

Anything thicc and juicy, I’m on

Not Anonymous
3 months ago

Yes… thicc, juicy, and long…