Miami Could See Skyline-Altering Mixed-Use Development In Brickell And Edgewater Opportunity Zone

Two big development sites are being marketed in Edgewater and Brickell.

The sites are known as 99 Riverside and 1700 Biscayne. Both are being marketed by Avison Young

At 99 Riverside in Brickell, a developer can build up to 80 stories, including around 800 to 1,400 residential units, marketing material states. The project totals around 2.08 acres, but could change based on whether a street closure can be secured. Three parcels there have been assembled for the first time.

The three 99 Riverside parcels are located at 99 S.W. 7th St., 625 S.W. 1st Ave., and 66 S.W. 6th St.

In Edgwater, the 1700 Biscayne Blvd. spans 3.04 acres in an opportunity zone. Up to 60 stories with 500 residential units per acre or 1,000 hotel keys per acre as well as office and retail space can be built there.

Both sites have T6-36B-O zoning, allowing developers to build mixed-use high-rises that will make permanent impacts on the Miami skyline, brokers say.

Avison Young’s Michael T. Fay is the listing broker for both properties.

 

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Anonymous

Prime real state properties in Miami’s hottest neighborhoods qualify for the Opportunity Zones Tax Cuts. Isn’t that something?

Anonymous

The lot in brickell is probably still listed as industrial.

Anonymous

It’s an opportunity if you’re a well-connected developer.

Anonymous

Just the edgewater site.

Anonymous

You do realize who the president is don’t you?

Anonymous

The president is a “business man” and not another “presidential” lawyer … that’s the reason the economy is growing faster than ever and things get done!!!!!😛

Anonymous

The reason the economy has been on this steady growth it’s been experiencing is because of the Democrats and their stimulus policies. Trump is a terrible businessman, therefore he has to have other people doing the decision making and there are recent articles out right now revealing that he’s lost a billion dollars, because he’s really a con-man not a businessman.. just ask Mitt Romney.

Anonymous

Sure… so why Obama said that the GPD will never reach more than 2 and after 8 years of slow economic growth the increase started few months after Trump policies on taxation and tariff took place?

Anonymous

Don’t say “Obama said,” post the quote. And dispute what I wrote and said about the stimulus package program. I can post reports on the economy going in a steady upward projection since Obama became president and the Democrats stimulus package.

And another thing.. dispute what Mitt Romney called Trump.

Anonymous

What are the Democrats “stimulus policies “
Increase government, increase taxes, give money to countries that hate us, increase regulations …. oh 😮 dear … keep dreaming on that side of the bed … you might fall and wake up in Venezuela 🇻🇪 😜

Anonymous

Responding to somebody as ignorant as you are about what the Stimulus Package did for this country is futile. Now please go somewhere else and drink your koolade while playing with your little cartoon faces because I don’t argue with kindergarten kids about politics.

Anonymous

TYPICALLY LIBERAL RESPONSE! With insults and patronizing, thinking that everyone that thinks different is stupid, ignorant o deplorable….. when the facts are against the opinions, then the insults are the way to argue! 😜😆

Anonymous

Typical weenie type conservative swerving when faced with facts they can’t refute because they think everyone should fall for their BS. Playing with emojis don’t make you smart.

chino

While we were talking about Russia collusion…Trump’s 2.3 trillion tax cut for corporations which is a 2.3 tax on the middle class just add $797.00 a year to the average American family a.k.a “China tariff’s”, Trump has taxed the average middle class household to the tune of $6,900.00 per year and no one calls him out on that.

Anonymous

“Prime real state opportunity zone tax cut.isnt that something?

YES! It’s capitalism at its best, you snowflakes don’t understand… that’s what create growth and development and a great economic burst ….that’s one of the things that help Miami to growth from a sleepy town to a bursting city!
😜

Lyin Ted

oh really? because there’s no other way those parcels would get developed EXCEPT for a tax break? If Brickell and Edgewater weren’t so hot then maybe it would be justified, but no one is going to believe it in this market….

Anonymous

If this Brickell lot gets built, coupled with the BCC expansion on the Tobacco Road site and the other towers going up right across the street where the 2 small motels are/where, these couple blocks are going to be VERY dense

Anonymous

Yes.. and please developers, stay away from Arquitectonica.

Anonymous

What!!!Why? Do you know who designed BCC??

Anonymous

What does that have to do with anything?

Anonymous

I don’t think BCC is that great…there are others I would list before BCC

Anonymous

Agree!😛

Anonymous

BCC… Barack Cousein Cobama was designed by G Soros Co.😛

Anonymous

BBC is better

Anonymous

ARQ is one of the best around… Can we see your portfolio?

Anonymous

Really?.. if they are, then there’s no hope for Miami.

Anonymous

Yes! Stay away from Arquitectonica… she’s like Hillary Clinton… they both were ok 30 years ago!!

Anonymous

For you transit advocates, the Edgewater property is near the Mover and a bunch of bus lines.

Anonymous

I wonder if Swire is interested in adding more square footage to its development since it would easily be integrated to BCC; after all the demand for more retail, more housing, more office and more hotels are ‘exponentially’ there…just a matter of time. I personally think it would be awesome so see BCC taking more area and adding more entertainment options for Brickell. It would be great to have less high end retail and more middle level retail like Club Monaco or JCrew, and also some restaurant chains that aren’t garbage like Houstons, Alexanders, etc. Even a wing dedicated to furniture stores (like Crate and Barrel or Restoration Hardware) could be a good idea since downtown is growing so much and adding more residents every day….even another publix will soon be necessary.

Anonymous

No no no Publix!!

Anonymous

There are 3 publixes in Brickell already and one being built at the Brightline station. I’d prefer a trader Joe’s or Fresh Market or even a Sedanos than another Publix.

Anonymous

agree, this guy is crazy to ask for another publix. Variety would be nice my friend…

Anonymous

The guy that post “No no no, Publix” was being sarcastic…. he/she or it , wasn’t asking for another Publix 😜

Anonymous

it’s Miami – there is no variety. One big suburban city.

Anonymous

overtown will fill the gap of more affordable options.

Anonymous

Honestly this pocket of Brickell just east of the metro rail could use a Walgreens or CVS more than a Publix

Anonymous

Are you kidding me, there’s a CVS just a few blocks away at SW 8th just East of I-95 and a few blocks south of that is a Walgreens at SW 13th. Not that I’m advocating for Publix either… but we need more imagination than more of the same crap we already have. Home Depot would be nice, the closes one to downtown is SW 8th St.

Anonymous

Facing the water should have the most upscale tenets, while further inland can become more mid-range when all the stores nobody has heard about close.

Anonymous

Publix is a Republican PAC disguised as a grocery store.

Anonymous

Time to buy and prep for next cycle…!!

Anonymous
Anonymous

A 900ft building next to a 1049ft building on the Brickell site would look awesome in the skyline.

Magazine

Between Related, Swire, and Crescent Heights circling every piece of available property in both areas, I wonder why this is being marketed publicly. If one of those developers hasn’t already privately purchased the property – given such a seemingly great opportunity with the opportunity zone – I suppose it begs the question why.

Perhaps it is to generate global demand, but if those companies are not already all over this, I’d be worried what I was missing if I was an out of town developer.

Anonymous

Why not have everyone compete….they are just trying to get the highest price.

Books on tape

Development sites are often priced by buildable density, which this has a lot of. In fact, so much density that the price may, on a gross basis (not per buildable SF), equate to a price ahead of comparable sales of similar size. Therefore, the seller may be unwilling to sell to Related or similar party as they would require a discount to account for bulk size of the site.

transplant

If they are able to close out the roads, the property would gain roughly 30k square feet. Government should grant this in exchange for portion of property along the water for riverfront park.

marc

So what’s an opportunity zone?

Anonymous

probably a tax abatement for a certain number of years (10 most likely). It’s a strong enabler for initial construction financing and attracting seed capital to the project. Given the construction/development is the riskiest portion of any new project, these incentives go a long way to making a project feasible. After the ten year period, the municipality is left with high-end improvements taxed at the prevailing rate.

Anonymous

Kind of unfortunate that these types of properties are the ones that will be bought under the new opportunity zone regulations and not ones that would actually stimulate local neighborhoods that it was intended for. C est La Vie in America!

Anonymous

« C’est la Vie en Amérique »
Si vous n’aimez l’Amérique, vous pourriez, donc, retourner chez vous! 😛

Anonymous

this is totally off topic but has the One River Point project been stalled?

Anonymous

I was wondering that myself. In the meantime, I hope the developer’s architects went back to the drawing board.

Anonymous

One River Point bump^ Maybe 2023?

Anonymous

I don’t think they have sold enough

Anonymous

I think the land was really just a flip and One River Point a tease.

Anonymous

OMG!!!
lets hope for skyline-altering projects, which can not be from Arquitectonica, they can’t not do it, it is the nature of the beast.

Anonymous

If the property gets bought please build office space! Something special no balconies just beautiful multi tower office buildings!!!!!!

Anonymous

Theres 2 spaces on this post

Anonymous

Isn’t this where the Edge on Brickell was supposed to go?

Anonymous

No, but you’re close! The Edge on Brickell lot is the lot on the river next to this one.

Anonymous

No, just to the east of this.

Anonymous

Jesus.. the dude gets two thumbs down for just asking a question… smh….

Anonymous

Finally, zoning that makes sense.

Anonymous

Street closures = bribes to politicians. I am still reeling from the closure of 7th and 9th streets in world center by Paramount. NO ONE should every be allowed to close down an existing and in use public Street. Traffic on NE 2nd Ave is a nightmare after a show in AAA cause these 2 streets are closed.

Anonymous

You are absolutely correct.

Anonymous

Agreed

Anonymous

Cool story brah.

Anonymous

yeah, those streets were really lively before Miami World center and Paramount came along.

“Traffic on NE 2nd Ave is a nightmare after a show in AAA cause these 2 streets are closed.”

… other than that, it’s just your typical mundane drive on those streets.

dude, you drink entirely too much whine!

Anonymous

AAA traffic nightmare is largely caused by police closing down Biscayne when events let out. That takes out six lanes of traffic, forcing it all onto a few two lane streets.
Presumably this is for pedestrian safety, but there’s got to be a better way.