Miami River Developer Obtains Utilities For 1,843 Apartments, 130K Square Feet Retail

The developer of the proposed Miami River complex completed a deal to connect the project to Miami-Dade’s water and sewer utilities system.

The deal was completed on June 30.

According to the agreement, the Miami River project will include:

  • 1,843 apartments
  • 54,200 square feet of full service restaurant
  • 40,000 square feet of office
  • 130,600 square feet of retail
  • 17 marina slips

Meyer Chetrit signed the agreement on behalf of developer CG Miami River LLC.

The developer will pay a connection charge estimated to be $2,114,223.36. In addition, there will be a Brickell Basin II sewer connection charge of $1,179,608.60, bringing the total charges to over $3.3 million.

The project has been moving quickly since obtaining pre-construction financing earlier this year from Michael Dell’s MSD Partners.

The developer also applied last month for FAA approval to build the first tower at the complex at a height of 640 feet above ground.

A construction permit for the first tower with 54 stories and 632 residential units was submitted in late June.

 



 

 

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Anonymous
4 months ago

With all these utility deals today I know these projects are actually happening, this will bring more depth to Brickell because this area of brickell is so underutilized.

Anonymous
4 months ago

wait til the sewage system explodes

Anonymous
4 months ago

The connected riverwalk is where the real value is regarding the surrounding community and the city in general – this prime riverfront location has been grossly underutilized for far too long…

Anonymous
4 months ago

Beautiful towers

Anonymous
4 months ago

It appears that this project may finally be gaining some momentum. This is a key section of Downtown/Brickell and will open up the city to the Miami River. I believe they are also responsible for improving Jose Marti park and incorporating it into the project. Hopefully, once SW 1st street bridge is completed, FDT transfers the large tracts of land that it has adjacent to the bridge to the City for an expanded Park. Integrating the park into the development will give Brickell much needed green space.

Anonymous
4 months ago

I believe that is the plan regarding the park extension as the new bridge allows for pedestrians to walk next to the river when complete, which looks to be coming in the next few weeks!! Jose marti will be one of the premier water front parks in the area I have no doubt…

Anonymous
4 months ago

That entire area of river is prime for development. Right across from Jose Marti Park the low rise concrete building that has been empty for a while was sold a few weeks ago to an investment company that intends to set up a couple of world class restaurants. With more and more people living around the vicinity of the River, I am sure water taxis will start to pop up. Only a matter of time.

Anonymous
4 months ago

Ya it’s funny Melo was too early with that one but clearly had the vision that eventually the river would become a major destination and like you said there’s big money planning ahead to bring that vision full circle – exciting times on the river for sure…

Anonymous
4 months ago

You people don’t understand, what you see now happening along the river should’ve and could’ve happened a long time ago up and down the river. Do some research on the building proposals that were killed because of the whining nimbys who lived nearby and the zoning that got enacted along the Miami river because of them, and the making of the Miami River Board.

Anonymous
4 months ago

Miami River Board has no authority to block any proposal or development. The main group has been the NIMBYS in Spring Garden, but not even they have control over what happens on the River. The River, until not too long ago, was crime ridden and blighted. As bay and ocean front property is built up, developers inevitably look to the next best thing which is the river. Thankfully, the Miami River is reclaiming it’s importance as one of the central waterfronts in the City.

Anonymous
4 months ago

^ Listen.. new laws were implemented years ago to keep the vast majority of the Miami River a commercial boating industry. A lot of the land and tge businesses owners along the river wanted to sell to condo and apartment developers but got dismayed when the new zoning laws took effect. Look, I read about this stuff years ago, so I’m not making it up. And if you don’t believe me, do some research about it yourself.

Anonymous
4 months ago

“And if you don’t believe me, do some research about it yourself.”
C’mon man. It was t the “Miami River Board” and is wasn’t new laws.
The zoning on the river has been in place for a very long time.
Highrise in Brickell, mid-rise resi through East Little Havana, marina industrial to the airport.

Anonymous
4 months ago

“You people don’t understand”
I bought my first Miami River Condo in 2002, and was involved inthe Miami River Commission (not Miami River Board…redo your research) throughout that decade.
The MRC has no authority to stop anything, they only make recomendations.

The reason that the river was not developed sooner is because there have been more attractive places to invest.

Anonymous
4 months ago

FPL seriously needs to look in to see if anything can be done about moving that substation in the lot across the river. Such prime real estate.

Anonymous
4 months ago

That sub station can be moved and realistically set up quite quickly somewhere else.

Realtalk Reilly
4 months ago

“Quite quickly,” really? I’d love to see it moved too but that’s a big substation, I find it hard to believe that relocating it wouldn’t be a major project.

Anonymous
4 months ago

“I find it hard to believe”

Um, we’re not talking about relocating the Empire State Building or sending astronauts to Mars.

Realtalk Reilly
4 months ago

Not questioning that it can be done, just that it can be done, “quite quickly.” If it was an easy task they would’ve done it already.

Anonymous
4 months ago

Could the reason why they haven’t moved yet is because they don’t want to yet?

William
4 months ago

I wish the MLS stadium would go in that location.

Anonymous
4 months ago

I wonder which tower they are going to build first…and is it going to be condos or rental apartments?

Anonymous
4 months ago

Thank you… TNM always show pictures of two towers but looking at them is confusing because these articles doesn’t specify which tower design will get built first. I myself hope it’s the one close to the freeway and not the one that’s designed sorta like the Waldorf Astoria proposal.

Anonymous
4 months ago

A garage apparently

Anonymous William
4 months ago

I would think its the two least desirables… then the third… So the one on 7st, the one closest to I95… then the final tower.. specifically the waldorf looking one…… But just my opinion….

Anonymous
4 months ago

Can someone please tell me is utility deals usually a good sign the project is actually going forward soon, or is it more like FAA approval and really doesn’t mean jack shit as far as the project being real?

Anonymous
4 months ago

Utility deal, because you have to pay for that shit!

Anonymous
4 months ago

What a gorgeous project! The river is going to transform over this next decade.

Anonymous
4 months ago

Miami winning

Shawn Kouri
4 months ago

Yyyyessss

This project is picking up a lot of momentum

Anonymous
4 months ago

Will tower number 1 be the oval shape or staggered sections look ?

Realtalk Reilly
4 months ago

Every time I see that building with the staggered sections I’m reminded of the TNM commenter who wrote, “what’s so unique about that? It’s just a bunch of ordinary, 11-story buildings stacked on top of each other at different angles!”

Our architecture aficionados here are so hard to please lol

ELI
4 months ago

F I N A L L Y ! ! ! ! ! ! !

ELI
4 months ago

Really looking forwatd to this project!

Long time since purchase and planning!

Also can hardly wait until the Miami River Walk is completed on OUR SIDE of the river!

ELI
4 months ago

Can hardly wait until we have resturants and shopping!

ELI
4 months ago

Can hardly wait until I can walk my cat on the River Walk!

67ui
4 months ago

im salivating thinking of all these new condos on firesale at 50% of pre construction prices when everything goes to s…. worldwide in a couple of years

Anonymous
4 months ago

…and when everything goes to shit you still won’t be able to afford these places.

Anonymous
4 months ago

Perfect time to utilize Miami River property when it’s over-polluted and ugly