Utilities Deal Finalized For 463-Unit Riverside Tower
Adler Group signed a utilities deal for the planned Riverside Tower.
Lancelot Miami River, LLC, an affiliate of Adler Group, is planning to connect 463 apartment units, according to the agreement finalized this month. That is an increase from an earlier plan to build 449 units.
The developer will pay a connection charge estimated to be $490,236.66.
The Adler affiliate paid $14.25 million for the site last year, with approved plans for a 34-story residential tower.
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9 Comments on "Utilities Deal Finalized For 463-Unit Riverside Tower"
This is what I call cleaning up an area one block at a time. Flagler on the River was the catalyst and now they are building Sushi Macky across the street. Pretty soon they will build the new Garcia’s Fish Market along with 3 other restaurants and then this building. Our River is getting better all the time.
Removing the inhabitants and replacing them with empty condos is not “cleaning up an area”.
Who said that the condos will be empty???
Look at the buildings around and even an empty new building is better than an empty lot full of homeless
Get a life and move out of Kendal
This will be a rental building not condo
But they are raising the prices of rents while incomes are not rising at a healthy pace at the median level. The condos won’t be empty. He’s just concerned about the fact that the majority of people that will rent or buy are not going to be able to afford it.
There is a BIG, BIG concentration of homeless in this area (SW 2nd & 2nd). I saw them swarm a feeding truck when I was driving by.
This spot is unique. Across from the FPL lot that was sold last year, next to the city of miami administration building, an easy 1 block walk from Garcias seafood and all the new eateries opening up along the rivers edge. The homeless do concentrate under the I95 ramps just north of there but I think it’s far enough for this building not to have an issue with that. The proposed architecture and density is ripe for a mid level condo price in a decent location. Looks like a winner to me. Smart mid level high rise in an up and coming location.
I have walked the area recently. It’s bad and I sure as heck wouldn’t allow any of my daughters to walk there by themselves.
That said, at least 95% of the people there seemed harmless.