Developers Buy Miami Station Site ‘Shovel Ready’ With Approvals For 42-Story Tower

The Miami Station development site has just been purchased by a partnership of developers.

Chicago-based developer The John Buck Company – Florida Value Partners, and BH Group with PEBB Enterprises paid $39.5 million for the 1.03-acre site, or $800 per square foot, according to a press release.

This is the first Miami property for The John Buck Company, which has developed over $7 billion of real estate projects, including several landmark buildings and skyscrapers in Chicago, Washington D.C., Philadelphia, and Abu Dhabi.

The Miami Station property is entitled for the development of 301 residential units, 244,000 square feet of office, and just over 7,000 square feet of retail.

Planning and FAA approvals have already been issued for a 42-story tower, and a demolition permit is already active to clear the site.

Berkadia arranged the sale. Senior Managing Directors Jaret Turkell and Roberto Pesant, Managing Director Scott Wadler, Director Yoav Yuhjtman, Associate Director Omar Morales and Senior Financial Analyst Jose Mota of Berkadia South Florida marketed the property on behalf of the seller, BH 18 Investments LLC and Meyers Group.

 



 

22 Comments
most voted
newest oldest
Inline Feedbacks
View all comments
Not Anonymous
1 month ago

Hopefully with their track record the property is actually developed, it’s in the perfect location from a transit standpoint and in an area with great potential.

Anon
1 month ago

Build this beautiful design! I could sit outside at a cafe and sketch this beauty for hours.

C’mon
1 month ago

Sold again?? Will anyone build this thing??

Se me paró
1 month ago

Going on 28 years and counting

RenRich
1 month ago

Perfect location. Hope they keep the look. At over 500 feet tall, an amazing addition to the skyline.

Anonymous
1 month ago

Even Krystal Burger Tower looked nicer than this zig-zag box. Go back to the drawing board and don’t invite Arquitectonica or Kobi Krap this time.

Anon
1 month ago

Probably one of the pickiest in Miami and I actually like it a lot. BK crystal is great too.

Next Miami Design Approval Board
1 month ago

Loving it more, and I call out basic cheap looking designs like Empire Brickell design, which have no place in Brickell or downtown.

This here actually is original, love the scale, the way the shapes integrated with the outdoor space and almost create a faux pyramid shape out of rectangular blocks. The thick line weight at the cross sections is refreshing and breaks up an otherwise monotonous reflective glass facade, and the rounded corner is a a MUST have for Miami, it elevates the entire city and build. Bravo Miami!

Hialeader
1 month ago

I like the zig-zag, and can live with the square top. It blends with the style of the Miami Central Station and should appeal to its users, Go for it!

Melo is sigma and Chad
1 month ago

When the current structure is demo then I know they’re serious

Anonymous
1 month ago

That’s a boner of a building

Anonymous
1 month ago

Generic with a tryhard twist at best.

Anonymous
1 month ago

Hopefully it gets erected fast and lasts a long time!

BB1
1 month ago

Let’s hope this eyesore finally gets cleaned up and fully developed this time

Anonymous
1 month ago

I hope this finally gets built

Anons of Brickell
1 month ago

Awesome design!

Antennae
1 month ago

Don’t get your hopes too high. This is not the final product.

Anonymous
1 month ago

How do you know?

Catfish in the Bay
1 month ago

Every time I love a design, it’s not “final.” So tired of being catfished by developers.

anon
1 month ago

Shame it was sold. I couldn’t wait for this to be built already. great design, location and there’s a lot of need for mixed use buildings.

Anonymous
1 month ago

It’s another squat box on top of a parking pedestal. If this is mixed use, a single-family home in the Redlands is a high-rise.

Anon
1 month ago

It has an unfinished building on the lot. Demolition can be costly