Developer Plans 600+ Apartments At 3333 Biscayne In Edgewater, Demolition Underway

A New York developer has closed on the purchase of 3333 Biscayne where they plan a major mixed-use project.

Beitel Group of Brooklyn paid $45 million for the 2.8-acre property, which includes a Wendy’s and older apartment buildings.

A tower of up to 60 stories can be built.

The developer told The Real Deal they are planning to build over 600 apartments, ground floor retail, and office space above the retail.

The new project will be built in a partnership with developer Aimco, which owns adjacent property.

Demolition of the single and multifamily buildings on the site got underway last week, with demolition permits activated.

The Wendy’s on Biscayne Boulevard was also included in the sale, but a demolition permit does not yet appear to be pending for that building.

Instead, a renovation permit was filed for the Wendy’s building last week, with a total of 900 square feet of restaurant to be renovated at a cost of $79,000, the permit states.

 

The site in green purchased by Beitel, while the orange area was purchased by Aimco:

 

Demolition underway:

 

Cancelled 14-story 3333 Biscayne office building planned in the early 2000s:

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Anonymous Joe
6 months ago

Hard to complain about the unaffordability of apartments when the cost of land is over $70K+ per door. Thats just the market

Anonymous
6 months ago

I’m sure the real solution is to not build anything….Some of these people should really listen to themselves. Building 600 apartments well help far more than keeping a dozen “affordable units” which btw always have a 20 year waiting list, something else they never mention.

Anonymous
6 months ago

and we don’t know if part of those units will be affordable housing too

Anonymous
6 months ago

How if people can’t afford to live there?

Anonymous
6 months ago

The poors like to complain.

Anonymous
6 months ago

Are you offended that poor people complain ?

Anonymous
6 months ago

Funny how its 7OK per door yet only 79K to renovate an entire Wendys. I guess the City thinks that they are simply going to repaint the 900SF Wendys for that amount.

Michael
6 months ago

I had my first apt. In miami at 416 n.e. 34th st. I paid 85 dollars a month rent. Jan. 1, 1977

Anonymous
6 months ago

That’s wild

Not Anonymous
6 months ago

that is $620 in today’s money

Anonymous
6 months ago

It was a much crummier neighborhood back then.

Anonymous
6 months ago

Back when Miami was a better town.

Ninah
6 months ago

600 apartments means more cars 🤢 Driving in this area is already a nightmare.

nonmous
6 months ago

And when you drive in the area, you’re contributing to that perceived nightmare.

Mia
6 months ago

Smart people use uber or Lyft like me. Can’t believe they love their car that much.

Anonymous
6 months ago

^ In that case, you’ll be smarter if you rode the bus.

Anon
6 months ago

How does that make you smarter? You are still in a car that adds traffic to the area. Riding the bus, that would solve the problem not Uber

anon
6 months ago

600 residents can drive a few blocks to where they need to go, or they can live way out miles away and commute everyday to the same place – creating even more driving congestion.

I would choose more dense housing and have less driving in general to do.

Anonymous
6 months ago

Interesting take.
I see massive redevelopment of an under utilized piece of land. This creates value and adds a LOT more mo eye to the tax coffers.

They highlight the homes4all vigilante as we cry for the renter, but how much h money did the SELLER make on that bunaglow sale?

The Bungalow seller probably made generational wealth for their family. Good on them!

Anonymous
6 months ago

It’s not worth must in regards to buying elsewhere in Florida, and will be worthless after three more years.

Anonymous
6 months ago

Lots of us don’t drive! And the more we develop, the more urban/dense our neighborhoods become which means less need for cars! Let’s keep building!!

Original
6 months ago

600 apartment units?.. this will probably be a two tower project.

Anonymous
6 months ago

Another twin

Anonymous
6 months ago

And it seems that on the next block, between NE 34th and 35th St (where is Hamilton on the Bay today?), there is a large project of two or three towers facing the bay. Add in those 600 apartments in the report and the four towers of Paraiso Bay, Edgewather will be busy, in a good way, at least in this part.

BDub
6 months ago

They’re going to leave the Wendy’s? Odd to be renovating it otherwise.

Bob
6 months ago

$79,000 renovation isn’t much of a renovation. Probably an ADA upgrade.

Anonymous
6 months ago

Beautiful old prewar buildings being destroyed, but a failing fast-food restaurant stays. Sad!

nonmous
6 months ago

Well the drunk and hungry future residents coming from the clubs need somewhere near them to get a quick bite to eat.

Anonymous
6 months ago

and the dennys down the street isnt long for this world either

Anonymous
6 months ago

Don’t worry guys
You’re just wasting time. This empty lot will sit fenced for a couple decades before the first shovel

calivalle
6 months ago

Dang live on N.E.26 for 700 a month 2007

Anonymous
6 months ago

So demolish those beautiful old homes but leave the Wendy’s standing. Terrific. This town gets dumber by the day.

ignoranymous
6 months ago

Get your right foot cut off and ask somebody who owns one of those “beautiful old homes” if he/she feels sorry for you and see what they say.

Anonymous
6 months ago

You’re name lives up to your comment. I’ll wait to see the renderings but won’t get my hopes up. There’s a reason people want every brick, plank of wood, tile, window, and door to be historically designated when you see replacements or even renovations (case in point, the mutilated building on the northeast corner of SW 18th Avenue and 9th Street south of Calle Ocho).

ignoranymous
6 months ago

I was born and raised in Miami sixty years ago and I really don’t care about those houses or apartments that were torn down because the people who made a lot of money when they sold them don’t giveadamn about my financial plight.

Anonymous
6 months ago

A native oh that explains it. You’re completely hopeless.

ignoranymous
6 months ago

Tell you what Woke one.. let a developer come to me with an offer like $800 thousand to $1.2 million to buy my house when it only cost me $35 thousand in1977 in this same area and see how fast I sign the paperwork.

MM305
6 months ago

The homes really weren’t beautiful, they were just small and old and had coral rock in the design. That kind of animus for wanting to preserve homes is penny wise and dollar foolish. I almost bought a house like that in Edgewater in 2010/11 for 250k – wish I had – but when I went inside it was a mess. I passed on that gamble because I wanted to just buy a house to live in, and most of those houses are unlivable and would have cost nearly twice as much to renovate. So the total would have been somewhere between 600k-700k to live there. The location was the only good thing about it. It’s a quaint looking home, but the actual house is a sub-standard dwelling sadly.

Anon
6 months ago

Big bet on high rents persisting.

US
6 months ago

I’m surprised those fast food chains can keep up with the rising leases. I hope those places get demolished very soon.

Anonymous
6 months ago

Quit looking at that lying crystal ball of yours.

Yvonne
6 months ago

This is going to be more high priced rentals make no mistake! Everyone in Miami is greedy. I can’t wait for the bubble to bust!

Not Anonymous
6 months ago

then some your friends will lose their jobs

Anonymous
6 months ago

The last time the bubble burst here, my income dropped 20% and my office went from 85 employees down to 25 employees. Think we gave a shit rents went down 10%? Use your head.

Anonymous
6 months ago

Move somewhere cheaper when it happens

ignoranymous
6 months ago

That’s right.. because if there is a burst in the bubble, that doesn’t mean the economy everywhere in this country will feel it.

You’re so smart, if I knew who you were I would hire you for my financial advisor.

nonmous
6 months ago

I guess Yvonne hates the homeless also.

Anonymous
6 months ago

TBH, I’m more sad about legit historic buildings that just needed some restoration destroyed for what will probably be a Melo-tier monstrosity, than housing affordability minutes from downtown and the bay.

MEAN MACHINE
6 months ago

You’re “more sad” but a lot of people who live in Miami aren’t.

Will
6 months ago

Just another reason to leave miami. Can’t wait to see it all crash

Anonymous
6 months ago

It’s almost too late to try and save the area. A common reaction to people moving to Edgewater is how *un* walkable it is.

Anonymous
6 months ago

Couldn’t disagree more. We moved to Edgewater precisely for how walkable we found it to be (we don’t have a car). Love being able to walk to Midtown/Wynwood and all the restaurants/shops off of Biscayne. Plus, we’re still fairly close to the mover, which takes us right into Downtown/Brickell.

anonymous
6 months ago

unwalkable ? are you blind ? don’t you see people people walking all the time along biscayne boulevard on this neighborhood ?

MEAN MACHINE
6 months ago

Forget it.. there are no sidewalks wide enough for him and others like him in Edgewater to walk on.

Downtowner
6 months ago

Edgewater is amazingly walkable. That’s one of the main reasons I moved BACK to the neighborhood after 4 years in the Broward suburbs. You can walk along Biscayne Blvd and do your groceries, pick up a prescription, drop off/pick up your dry cleaning, get a haircut, have something to eat. I’ve even walked up to Target quite a few times.

Anonymous
6 months ago

Good luck crossing the street to get to that publix.

Drac
6 months ago

^
And good luck every time you do something simple like go to the mailbox.

Downtowner
6 months ago

I do it all the time.

Anonymous
6 months ago

Anything is walkable compared to Broward suburbs. The fact of the matter is a pre-war neighborhood with handsome single-family homes and apartment houses relatively close to the street, has been replaced by entire blocks of parking garages for towers on the bay, the few patches of grass covered in dogshit, and roads that flood from a five-minute summer thunderstorm.

Anonymous
6 months ago

Depends on which Broward suburb. If you live somewhere like Golden Isles or Three Islands in Hallandale, you have multiple stores, restaurants, gyms, doctors offices, plus the beach, all within basically crawling distance.

Shawn Kouri
6 months ago

Renderings please. I need to see renderings

peej
6 months ago

they literally just purchased the property!

Drac
6 months ago

Look, Shawn comes on this site to look at the pictures.. okay?

Anonymous
6 months ago

what kind of pictures??

Anonymous
6 months ago

I like the picture s

Moja
6 months ago

The Wender boy is here