Related Group Appears To Be Targeting Stanley Axelrod UTD Towers At 1809 Brickell

A prime waterfront property in Brickell currently used for affordable housing appears to be a target of developer Related Group.

1809 Brickell Avenue is a 3.2-acre parcel with a building called the Stanley Axelrod and George Humphrey Tower UTD Tower. A total of about 400 seniors live in affordable housing there.

Florida corporate records seen by The Next Miami show that Related registered two new entities recently with the 1809 Brickell name.

In November 2020, Related filed to register PRH 1809 Brickell, LLC.

A second entity was created by Related on February 24, called PRH 1809 Brickell Member, LLC.

The property was last sold in 2014 to 1809 Brickell LP, an affiliate of Integra Investments at a price far below market value.

In September of 2019, Department of Housing and Urban Development restrictions on the property expired, leaving the owner free to evict the affordable housing tenants.

 

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Azarius
4 months ago

He should be required to replace the 400 affordable senior units somewhere else. I’m not against development, just done in the correct way. I would love to see a new building there.

Anonymous
4 months ago

100%! Don’t screw the seniors! Replace the affordable units elsewhere and do it up…

GBA
4 months ago

They will go to Related’s development at Robert King High Towers.

Anonymous
4 months ago

I guess those seniors are Hialeah bound!!!!

Anonymous
4 months ago

If Related has set up the management company, what’s the likelihood that they already have an agreement to purchase? Una is off to a good start on sales, so maybe Related would push forward quickly.

Anonymous
4 months ago

I’m all for redevelopment but not at the expense of seniors living in affordable housing. If they’ve going to purchase the land and tear down the building, they need to do the ethical and moral thing and find suitable replacement housing for the senior who will be displaced as a result.

Anonymous
4 months ago

Santa Maria Tower owners should take note…their South views will be blocked if a tower gets developed there.

Anonymous
4 months ago

Seeing Capitalism at work is like looking at sausage being made huh?

Anonymous
4 months ago

At least Capitalism works, communism fails everywhere.

Anonymous
4 months ago

Sausage works everywhere.

Anonymous
4 months ago

I love sausage

Anonymous
4 months ago

Me too
Thick ones with the casing

J.M.
4 months ago

*penis

Anonymous
4 months ago

No. Not at all. I see it differently….in fact, oppositely.
These seniors have been living large with ridiculous ocean views in a VERY sought after neighborhood for decades. God bless them, they have been spoiled. It’s great when our seniors are spoiled. Not disparaging them, they have played by the rules and benefited greatly for years.

The government has restricted Free Market Capitalism on this property. Since 1966 this property has generated ZERO property taxes.
For 55 years:
ZERO to the School Board
ZERO to the Everglades restoration
ZERO to the Children’s Trust
ZERO to the Library
ZERO for 55 years.
If the government did not place a deed restriction on this waterfront property, this property would have been re-developed long ago. Probably in the 80’s, certainly in early the early 2000’s. Ballparking the value at $200M for any waterfront project on 3 Brickell Acres, that would be generating about $4M in property tax PER YEAR.

Although, I’m sure Related will work with them to be sure no one is left on the street without decent housing.

If the Gov’t did NOT interfere with Free Market Capitalism and $4M was generated every year since 2001?

[the numbers here are off the top of my head and are likely low, but you get the concept.]

Anonymous
4 months ago

That building is an eyesore.
Sell that piece of land and build 10 buildings in Allapatah close to Metrorail to house 10 times more people

Anonymous
4 months ago

It’s ridiculous to think a subsidized senior living facility would continue to exist on prime waterfront land. Most likely, Related will give them vouchers to choose where they want to relocate.

Anonymous
4 months ago

kill 3 birds with the same stone, give granny and grand pa a nice place to live get rid of that eyesore and build a nice skyscraper there

Anonymous
4 months ago

Not only are these seniors they were all teachers.

Anonymous
4 months ago

Finally another building by related! Said no one.

Anonymous
4 months ago

That’s prime waterfront property that needs to be redeveloped. However being respectful of the seniors and their relocation should be a priority.

Anonymous
4 months ago

MiamiDade has plenty of waterfront areas that developers can build on. It’s just that there are local groups in some areas who demand certain zoning laws and people in government offices in MiamiDade kowtow to their wishes.

Anonymous
4 months ago

Good to see some development in Old brickell but agree moving seniors is not a good look.

Anonymous
4 months ago

I think those seniors are Hialeah bound!!!!

Anonymous
4 months ago

Mom has no plans to move unless furnished with new apt on the water!

Anonymous
4 months ago

LOL @ any of you thinking Related is going to ” do the right thing” .. the only thing their looking forward to is maximizing their profits on this set of land. FCK em

Anonymous
4 months ago

Nice. When you are finished LOL’ing invest in your education by reading up on Related’s work in Affordable & Workforce Housing. They have a long history of doing great things.

Your friendly neighborhood appraiser
4 months ago

Although the LIHTC has expired, there is a 3 year cooling off period. The actual year everyone can be evicted will be in 2022.

Anonymous
2 months ago

Where do the existing tenants move, as there is 3 to 9 yrs waiting list at elderly housing by HUD.