Clicky

Developer Of Twin Miami River Towers Spending $6.2 Million To Add Density

Developer Of Twin Miami River Towers Spending $6.2 Million To Add Density

Kar Properties will pay $6.2 million to purchase additional development rights for their proposed 60-story twin tower project on the Miami River, a representative of the developer told a review board last month.

The purchase will allow for an additional 480,000 square feet to be built on the top 24 floors of the towers.  The cost of the additional rights works out to be about $13 per square foot. Instead of purchasing those rights from the city, the developer is considering buying TDRs from a historically designated site, or they may just invest that amount in public benefits.

Plans were reviewed by a Miami River Commission subcommittee last month. Board members were interested in capturing the public benefit payments, with the possibility of further expanding the river walk.

Regardless of the outcome of that investment, a public riverwalk is required to be built behind the towers, and the developers intend to go further and exceed the setback requirement. The riverwalk will also be fronted by a 3-story, 30-foot tall waterfall.

Kar’s twin towers will be part of the gated Riverfront community. Guests who enter the development are stopped at a security gate and have their destination and license plate noted.

 

The full plans:

15
Leave a Reply

avatar
  Comment Notifications  
newest oldest most voted
Notify of
BinBrickell
BinBrickell

anyone who complains about this design lives in Ivy Wind or Mint 😛

Anonymous
Anonymous

this is funny- and totally agree

Anonymous
Anonymous

pretty buildings! So many damn haters out there. Will be great for the river and a new starchitect on the Brickell skyline

Anonymous
Anonymous

What an ugly ass building! Look at how the balconies will look at each of the units. Horrible architecture.

suomynona
suomynona

Looks fine to me.

Andrew
Andrew

I think some of these commenters have hated every single project announced since the recession (and probably before too). I wish everyone wasn’t anonymous so I could waste some time figuring out which people have the highest percentage of complaints. I’m pretty sure we could find at least a couple with 100% records.

anonymous
anonymous

Too cheap…

Anonymous
Anonymous

I actually really like the design. I just hope they follow through and don’t start cutting things out the first sign of financial trouble.

MrDreTheOne
MrDreTheOne

I’m not crazy about the design, it will come down to the materials used, judging from that rendering I would think this boxy tower was proposed in the 70s or 80s as it looks a little dated. I could think of many twin tower designs that would look so much better (taller versions of Grove at Grand Bay) something a little more contemporary. Anyways, I hope they build it!

XVS
XVS

If there was one more connector in the middle, and the top connector was made pointy (in a shape of a pyramid), it could work. As it is now, it’s too dull and top-heavy.

Mike
Mike

beautiful buildings will be great for activation of the River not sure what all the hatred if about

T Wheeler Castillo
T Wheeler Castillo

“The riverwalk will also be fronted by a 3-story, 30-foot tall waterfall.” <<< tacky and laughable.

I published my name so you one to account for naysayers. The design is ugly, all of it.

We need to slow down developement or Miami will only be a city for those who only think about investments, not who see Miami as a home.

Anonymous
Anonymous

raphael vinoly design. Looks great. It will be nice to see the miami river get some legs

Anonymous
Anonymous

I love the idea that there is going to be a gorgeous vinoly designed tower that i could possibly afford.

deleted
deleted

Uggh. Horrible buildings.