Israeli Developer Planning Micro-Apartments In 48-Story Live-Work-Play Tower Across From Brickell City Centre

Gazit Horizons, a publicly-traded Israeli developer, told investors last week that it is planning to build a 48-story tower on property it owns across from Brickell City Centre.

The project will have “some retail floors,” along with office space and micro-apartments aimed at young people with related services and amenities for tenants.

The completed project will have about 35,000 square meters, or around 377,000 square feet.

“It will be a true mixed-use property catering to the live, work, play strategy,” said Chaim Katzman, Gazit Globe’s Founder, Vice Chairman & CEO, in a conference call with investors.

The project will cost 515 million shekels to build, or around $150 million. Gazit paid $29.5 million for the 21,210 square foot site in 2017.

Completion is expected in Q2 2023, according to a presentation made to investors.

 

(photo: phillip pessar)

 

32 Comments
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Anonymous
10 months ago

Please, please, encourage developers to push for underground electrical grid. It’s unbelievable that in the city center we still have to see those third world poles and wiring. In Europe even the smallest town has it all underground.

Anonymous
10 months ago

Wow i literally just noticed that and now that will forever irk me

Anonymous
10 months ago

Better yet..Shore Power!!

Anonymous
10 months ago

This isn’t one of the port projects its a tower in Brickell?

Anonymous
10 months ago

In Japan they’re an bunch of wires all over the place.

Anonymous
10 months ago

Not in the main districts like Shinjuku, Ginza and downtown Tokyo. I wasn’t talking about Hialeah but Brickell.

Anonymous
10 months ago

Japan has a lot of narrow medieval streets, and undergrounding utilities with its electrical grid requires transformer boxes that would block road clearance. Apparently, there is a pilot program in Kyoto for smaller boxes, however.

Anonymous
9 months ago

Agreed. We have to get rid of the exterior cables. This City is always exposed to Hurricanes… It’s unbelievable that because of a branch of a tree falls, all the electric grid and the communications of a big area colapses. Ex. Coconut Grove, South Miami, Coral Gables, etc. Please put them underground.

Shawn Kouri
10 months ago

I like!!!

Robert
10 months ago

Me too! It is not breath taking but it is a little different of what we see. And anything would look better that we have there now.

Anonymous
10 months ago

I like it, nice and urban!!!

Anonymous
10 months ago

Great podium treatment and ground level design.

Anonymous
10 months ago

yes please, get rid off the cables, it is awful,

Anonymous
10 months ago

Housing for melineals who want to address affordable housing by giving themselves less and live in a shoebox. Ironically, micro apartment construction is the most expensive way to build in terms of construction costs. We should build bigger and society should encourage more family type of living that shares housing costs naturally.

Anonymous
9 months ago

Only a lonely extrovert would choose a big apartment with roommates over a small studio apt. given same monthly costs. There’s a fair number of that type though.

Anonymous
9 months ago

This building will be in the ever-evolving Brickell area.

Anonymous
10 months ago

I’ll believe it when the eyesore building on the site is demolished first.

Anonymous
10 months ago

Not holding my breath on this one, haven’t seen an israeli developer build anything yet.

Anonymous
9 months ago

Yeah
Bring the Turks, they know how to build and get the ball rolling

Anonymous
10 months ago

no parking? What type of jobs will people have living here??

Anonymous
10 months ago

Likely workers needing daily parking will end up paying monthly at BCC. Plenty of unused parking there during the day (and was likely part of their long term parking revenue strategy).

Anonymous
9 months ago

They will all be working from home or biking to their 6 figure jobs. This is the internet, man. BS flies like a 737.

Anonymous
10 months ago

few floors of residential units if they are micro.
probably mostly office.

Anonymous
9 months ago

Baloney, the cost mentioned is way understated for a project this size.

305
9 months ago

PLEASE EXPAND THE SIDEWALK ON BOTH FRONTAGES!!! You can’t even walk side-by-side along most of this building…

John Johnson
9 months ago

Does anyone else just laugh inside a little when they hear the word shekel?

Anonymous
10 months ago

The project will cost 515 million shekels to build, or around $150 million. Gazit paid $29.5 million for the 21,210 square foot site in 2017. ** are we supposed to do the USD to Shekels conversion on the price by ourselves ?? :/

Anonymous
10 months ago

Are you investing in the project to care?

Anonymous
10 months ago

Can’t, unless you know the exchange rate at which the company booked the transaction.

Anonymous
10 months ago

Over priced and over rated

Anonymous
9 months ago

Looks like roughly 3.3:1.0

Anonymous
9 months ago

Bruh it literally takes less time to convert that on google than it took for you to post this petty comment.