Brickell waterfront property is being eyed by Related Group for a project designed by either Cesar Pelli or Rem Koolhaas, according to a new interview with a company vice president.
Jon Paul Perez, son of company founder Jorge Perez, told Mansion Global in an interview that waterfront areas in Brickell, Miami Beach, Sunny Isles, and Coconut Grove are those that can command the premiums necessary to develop a starchitect-designed project.
Perez said that the best bets for the developer would be waterfront properties and those in Miami’s urban core, catering to buyers who don’t want to commute. Land in both of those categories is scarce, he said.
The company is currently developing several apartment buildings in Wynwood, but hasn’t launched a new condo project in Miami’s urban core for years due to poor economic conditions in Latin America.
Related does own the waterfront One Brickell property at 444 Brickell property, where an Arquitectonica-designed project with three towers was proposed by the developer in 2014 but never built.