‘Something Special’ Coming To 400 Biscayne After Developers Secure $161.5 Construction Loan For 49-Story Tower

A $161.5 million construction loan has been issued to the developers of a 49-story apartment tower at 400 Biscayne.

Construction is already underway following groundbreaking in June, with completion expected in 2021.

“We are working hand-in-hand with First United Methodist Church and Greybrook Realty Partners to create something special for the neighborhood, which will continue to foster growth and connection in this city we love,” said Ryan Shear, Managing Partner of developer PMG.

The 400 Biscayne project will have over one-million square-feet of space. The tower will include 646 rental apartments, 51,000 square feet of commercial space and a 22,000-square-foot redesigned First United Methodist Church of Miami.

First United Methodist Church will have a dedicated entrance and parking garage. The church space will include a chapel, a fellowship hall, classrooms, offices, a basketball court, and a 3-story sanctuary with views of Biscayne Bay.

Amenities at 400 Biscayne will include a public lobby lounge and restaurant, co-working spaces, a gym and fitness studio, pool deck and outdoor lounge, smart package lockers, and bike storage facilities.

Centennial Bank and Square Mile Capital provided the financing. In a statement, they said that the success of the nearby X Miami tower built by the same developer gave them the confidence to issue the new loan. Centennial and Square Mile also financed X Miami.

Andrew Warman, Jonathan Blank and Lowell Plotkin led the PMG team on the closing of this loan. Luis Flores led the team of Saul Ewing Arnstein & Lehr attorneys who represented PMG and Greybrook partnership in closing the transaction.

 

Updated renderings:

48 Comments
most voted
newest oldest
Inline Feedbacks
View all comments
Danny
1 year ago

I’m excited for this. I think the black contrast will look great around the all the white buildings. Not to mention sitting right next to 1,000+ Waldorf Astoria.

Anonymous
1 year ago

The church made out like a bandit well played!

Anonymous
1 year ago

Liked how you utilized “bandit” to describe the church.

Yet Another Anonymous
1 year ago

“Something terrific”

John Patagonia
1 year ago

This is great news and is a vote of confidence in both the co-living business model and the downtown Miami multi-family market.

Anonymous
1 year ago

offensive architecture

marc
1 year ago

So isn’t the Waldorf sales center going up here? How is construction happening? So confused. https://www.thenextmiami.com/sales-center-for-98-story-waldorf-astoria-appears-to-be-moving-a-block-over/

Anonymous
1 year ago

Love it – take me to church!

Anonymous
1 year ago

excited to see how the glass art entrance turns out.

Anonymous
1 year ago

Something special ?? Donkey Show ???!!??

Anonymous
1 year ago

You have to be special to think this is anything special.

John lozano
1 year ago

Can the zaha hadid firm just design everything in Miami please. Boring design.

Anonymous
1 year ago

That building is ugly

Anonymous
1 year ago

Another piece of the puzzle going up on Biscayne Blvd.

Anonymous
1 year ago

need to build more miami subs grill restaurants around miami city skyline or florida state itself!

The dude who doesn’t go to church!
1 year ago

The fact of living on top of a church would freak me out!

Anonymous
1 year ago

I’m sorry but these renderings are horrendous… hopefully final product looks better

Anonymous
1 year ago

Don’t hold your breath.

Anonymous
1 year ago

Might be missing something but what’s special about this?
The base looks like a mess.

Anonymous
1 year ago

Special alright. What a disjointed design. It looks like several buildings stacked and wrapped on each other.

Michael
1 year ago

It should be a different color. This isn’t Chicago.

Anonymous
1 year ago

Yep. Can’t go wrong with light green.

Go Miami go!
1 year ago

Beautiful building.
All these modern designs will put Miami on the world map.

Anonymous
1 year ago

You need to travel more. This is a subpar rental tower, not the type of architecture that will put Miami on the map.

Anonymous
1 year ago

This is slightly upgraded Melo design. Will become an eyesore very quickly.

Anonymous
1 year ago

A project this size needs at least 1,000 parking spaces.

Anonymous
1 year ago

Why not flip it? 40 floors of parking, 10 floors of living?

Anonymous
1 year ago

Sad that we live in a car dependent city.

Anonymous
1 year ago

Move to NYC

Anonymous
1 year ago

Some of us want Miami to change for the better. Fewer shoes and cocktails and more reality……

Anonymous
1 year ago

The only people sad are the dopey hippy professors and the fools that worship them.
Who the hell is teaching our youth this term: Car dependent city.
This city was founded before cars. Get over it.

You have the freedom and liberty to not have a car.
I have the freedom and liberty to have a big ass SUV.
Turns out, chicks dig me. Enough to reproduce and have a child.
This requires a car.

Dopey professors and the fools that worship them do not understand trips to the Children’s Hospital where a car is the most intelligent and effective mode of transportation.

If anything, Miami is “dependent” on air travel and air conditioning.

Geo
1 year ago

The goal isn’t to eliminate cars, you can still drive a car in New York and European cities. The goal is to make Miami a car optional city with many different ways to get around besides the expressways.

Pend
1 year ago

This tower is not well designed. The bottom of the tower doesn’t match the rest of the tower. It’s like you have two towers in one.

Anonymous
1 year ago

Yeah a 500 space parking garage when none is required by zoning. Special indeed.

Anonymous
1 year ago

You have no idea what you’re saying

Anonymous
1 year ago

What a waste of money to build a huge parking podium. Where is the walkability, sense of belonging, human scale and green footprint?

Anonymous
1 year ago

would you walk along Miami ave, 1st & 2nd street at night? Asking for a friend.

Anonymous
1 year ago

If you bring density to the area, it would become safe and walkable

Anonymous
1 year ago

You have no vision. What comes first, the egg or the chicken? Obviously, it’s a developing area now but we have to stop somewhere when it comes to parking…

Anonymous
1 year ago

It’s not worth it with these people. I’m convinced this site is 90% real estate agents whose only experience with any urban area is driving to their next showing. They could care less as long as they get their commission. They want easy in/easy out (aka a giant garage in every building)

Anonymous
1 year ago

Ok, Sherlock, let me educate a little bit so you don’t sound so ignorant in the future. Being a real estate agent for Downtown and Brickell is great mainly because you don’t need a car. It is faster and easier to take the Metromover or to Uber from showing to showing, because when you do, you do not have to find parking or pay for valet. Having said that I can also tell you that clients who want to live in Downtown and Brickell want a garage because guess what? They work in areas that are not close to public transportation, and when you have enough money to live in these two areas, you don’t want to be sweating in the Miami sun to get to and from work. Not everyone can be like you, I am assuming that you never drive a car and that you ride the Metro, take the bus, call for Ubers and ride the Metromover everyday, even when you go visit friends and family in Broward and West Palm.

Anonymous
1 year ago

Yeah
They work in Doral

Anonymous
1 year ago

no there are people on this site that live downtown… I have to deal with no publix, a lot of restaurants still close at 5pm. I need a car still.

Anonymous
1 year ago

Why do you need a Publix????
Whole Foods is ten times better, next to Metromover and about the same price as Publix

Area Realtor
1 year ago

Real Estate agents love driving cars because they use cars to drive their out of town buyers around. As such, realtors have control to drive their buyers through the nice parts of towns and side streets to get to their showings. They do not want their prospective buyers to see the slumps around the corner of their showings. That why realtors love cars.

Anonymous
1 year ago

Yes. Don’t be such a wimp.

Anonymous
1 year ago

There’s nothing special about this hideous development.

Anonymous
1 year ago

Agree with you my friend.