JDS Development Group has closed on the purchase of several properties in Brickell where the twin-tower One Southside Park project will be built, according to The Real Deal.
In addition, the developer has submitted the project to the Federal Aviation Administration for review.
The combined purchase for the newly purchased properties is $24 million. The developer also has a separate deal with the City of Miami to include Fire Station Number 4 in the assemblage, in exchange for a new $8 million fire station and at least $10 million in public benefits.
JDS paid $9 million for property next to the Fire Station at 191 Southwest 12th Street with 10,500 square feet of land and a 12-unit apartment building that will be demolished.
Directly adjacent, the developer paid $14.5 million for vacant land with 22,500 square feet.
The FAA application was submitted October 19 with multiple heights, the tallest at 773 feet above ground, or 786 feet above sea level.
The project is also now in review by Miami-Dade County planners. It is located in the Brickell Rapid Transit Zone, allowing review by the county instead of the city.
One Southside Park will include 62-story towers with:
- 32,000 square feet of governmental uses: the new $8 million City Fire House No. 4.
- A “world class hotel” with 200 rooms, with accompanying amenity spaces.
- 200,000 square feet of office space
- 11,000 square feet of commercial / food and beverage spaces
- 1,175 residential units
- 100,000 square feet of health and wellness uses
- Up to 1,000 parking spaces
- A rebuilt Southside Park
Shop Architects is designing the project. James Corner Field Operations of New York will design landscape for both the project itself and the rebuild of Southside Park.
The developer has 18 months from site plan approval to begin construction, as a condition of the deal for the fire station. The fire station must then be completed 36 months after work begins.
