Arquitectonica has released updated renderings of tweaked plans for One Brickell, the three-tower megaproject planned at 444 Brickell Avenue.
Related Group and GTIS Partners bought the property in 2014 for $104 million, with plans to develop the project in phases.
The developer recently told the Miami River Commission that they would consider opening the river walk as part of the first phase of the project on a temporary, five-foot dock behind the property. A 2-story parking garage with no waterfront setback will remain on the site until the second phase of construction begins.
Eventually, a permanent riverwalk which meets minimum requirements will be built.
Related representatives also said that they will be purchasing 868,399 square feet of additional density rights, for which they are considering several options, including a $15 million public benefits contribution. They are also seeking a 30% reduction in parking requirements due to proximity to public transportation.
A Related rep told the commission that the second tower would be built as rentals – unusual for the developer. The remainder of the project consists of condos, hotel and office space.