Pennsylvania Developer Announces Plans To Build 540 Apartments At V Downtown Site, Groundbreaking Early 2024

Downtown Miami’s 1775 Biscayne property has been sold to a Pennsylvania developer, and a redesign of the tower is planned, according to the SFBJ.

LCOR, which is based in the Philadelphia area, paid $49 million for the 1.08-acre site. The sale closed on May 26.

The developer is now preparing plans for a new tower on the site, LCOR said in a statement.

LCOR’s new tower will rise 40 stories and include:

  • 540 apartments
  • Co-working and amenity spaces
  • 14,000 square feet of retail
  • 600+ parking spaces

Groundbreaking is planned in early 2024, with completion in 2026.

Previous plans from 2017 for a project called V Tower on the site included a 53-story, 633-foot tower with 444 residential units, 200 hotel rooms, 45,600 square feet of retail/restaurant, 64,800 square feet of office, and 546 parking spaces.

 

The old design, now being revised:

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BDub
1 month ago

This will help the neighborhood feel more connected.

Anonymous
1 month ago

finally this empty lot will be history , edgewater is unstoppable

Anonymous
1 month ago

“Groundbreaking is planned in early 2024”

That’s still around two years before anything happens.. things could change by then just like they did when the first announcement was made in 2017.

Jack Ruan
24 days ago

Hope they understand how vastly different construction is in Miami vs Philly.

Anonymous
1 month ago

also unlivable still not one hint of mass transit in the area, 80% of the people in those buildings have cars go with jesus.

anonymous
1 month ago

no mass transit in the area? this building is on 17 street 3 blocks away from the metromover station

They call me...
1 month ago

It’s TWO blocks away…never-ending. means by “not a hint” is….nevermind.

Anonymous
1 month ago

I live right behind this lot on N. Bayshore and there are tons of people who walk from this area to the metromover station every day. This area is very much close to public transportation.

Anonymous
1 month ago

The Miami trolley, 3, 16, 32, & 93 buses all run right by this building. The 9 and 10 buses are a block away on NE 2nd Ave.
Buses are mass transit.
The only chance we have to actually improve traffic is to get 25% or more drivers out of their cars and onto buses.

Anonymous
1 month ago

Unfortunately, there’s no political will to make bus lanes which would make buses convenient instead of just being the last resort for the poor and elderly.

Anonymous
1 month ago

Unfortunately, it will be a giant cluster-f**k. Biscayne Boulevard will be a parking lot, it will be like Bangkok traffice.

Anonymous
1 month ago

The idea is good and the area needs to be well occupied. But I think, with all due respect to the developer, that the region loses by changing the footage, k before 45,000 square feet of retail, versus now just 14,000. Likewise, before there would be 64,800 square feet of office space, now there is no mention of what space will be allocated for coworking, but it seems that it will also be smaller. The timing would call for more retail and office space in the central region. Residential apartments are being built by the thousands.

Anonymous
1 month ago

“the region loses?”

You heard everybody.. according to this “Anonymous,” there will be no other retail outlet in this area to go shopping.

anonymous
1 month ago

waiting until 2024 to break ground , this sounds like a flip

Anon
1 month ago

About time this lot gets developed. This area is going to be so dense with towers in 5 years

Anonymous
1 month ago

That enormous omni mall / hilton hotel thing needs to go. so much potential for that site

anonymous
1 month ago

More excited to see what Melo has planned for the lot just to the north next to Cite and the lot across the street at the BK since those are way more likely to be developed than this site. Lot will be up for sale again in 2024 and prob sold to Melo then.

Anonymous
1 month ago

If it’s anything like the rest of Melo’s recent projects, it will just be more shitty apartment towers with no character.

Anonymous
1 month ago

Glad you like all the other towers in Miami except the Melo Group’s…

Anonymous
1 month ago

Not all, but most!

Anonymous
1 month ago

^
Oh.. so you can’t think of another name but it’s handy that “Melo” comes to mind?

Anonymous
1 month ago

It’s not my fault Melo Group has the reputation they have. Sorry if you’re offended on their behalf.

anonymous
1 month ago

Aria is not a bad looking building and frankly its better than an empty lot or that gross Burger King and the building next door that is a homeless camp

Anonymous
1 month ago

I definitely agree that any building is better than an empty lot. But that doesn’t make my original statement any less true.

Anonymous
1 month ago

Aria is an exception, rather most Melo buildings bashed (and rightfully so) were built within the last ten years. Frankly, their earlier work is pretty solid looking.

Melo is sigma and chad
1 month ago

unrealistic expectations for the majority of apartment towers.

Anonymous
1 month ago

Let’s hope not. I’ve seen enough of the crap they deliver.

Anonymous
1 month ago

Nice! Build it. Next!

Melo is sigma and chad
1 month ago

Early 2024….

Only In Miami.
1 month ago

I see another New York in development. Only that it has palm trees and darn hot weather.

Anonymous
1 month ago

Let’s hope!!

Native Floridian
1 month ago

It’s too intensive. Something lower scale should front Biscayne Boulevard at this location and all points north of 395.

Government should do its job and regulate the formation of the built environment for the purposes of quality of life sustainment.

Don’t allow Developers to kill Miami.

Truth Matters
1 month ago

Old design was majestic. I hope they outdo it.

Huh?
1 month ago

By majestic, you mean garbage?

Anonymous
1 month ago

Nah, he means the garbage like you design.

Anonymous
1 month ago

Easy to outdo, considering it’s crap.

Anonymous
1 month ago

The parking podium I think looks really nice

Anonymous
1 month ago

If three irregularly placed giant planters is your definition of nice, you must be blind or seeing something else.

Anonymouse
1 month ago

How about something more respectable 600′ + , those 400 footers are a decent infill , but becoming dime a dozen , that land has much more potential.

Anonymous
1 month ago

“A redesign of the tower is planned.” Start by lining up asymmetrically the architectural elements, add some curses, articulation, and/or a crown/spire. Who designs this rubbish? I makes the shuttered Omni look good.

adweeh
1 month ago

why is the skyline in the distance so squished