Utilities Deal Finalized For 463-Unit Riverside Tower

·9 Comments

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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Marc305
5 years ago

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.

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Anonymous
5 years ago

Removing the inhabitants and replacing them with empty condos is not “cleaning up an area”.

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Anonymous
5 years ago

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

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Anonymous
5 years ago

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.

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Dev1
5 years ago

This will be a rental building not condo

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Anonymous
5 years ago

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.

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William
5 years ago

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.

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CONCERNED
5 years ago

I disagree that the homeless concentration is far ENOUGH away. There is a SWARM on the little plaza and steps of the (empty?) bldg. on the SW corner of SW 2nd and 2nd. What is the City doing about this? I thought that the whole idea of moving Camillus House out of Downtown was going to “solve” the “homeless problem.” When you ride the Metromover southbound as it is making the bend around the Metromover maintainance bldg., you look down and you see knots of homeless on the sidewalks under the I-95 overpasses. It looks like a refugee camp after a war! How would anyone want to walk around in the area? Some have dogs and chickens as pets! At least they have the overpass as their roof! Seems like the City fenced off the parking lots so the homeless camp on the sidewalks! Same thing on NW 5 St from the former Baptist Church to the AAF construction site. Plus numerous other places Downtown! What a sore sight for visitors riding the Metromover. We do take care of our “homeless problem!” There is also this attractive girl (druggie?) on Brickell who keeps asking me for money to go home to Vero Beach, FL. She’s been going home to Vero Beach since last summer!!! Panhandlers, druggies and homeless: Miami is surely putting its best face forward and front-center!!!

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Anonymous
5 years ago

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.

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