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Old Posted Jun 6, 2022, 11:09 PM
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chris08876 chris08876 is offline
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Join Date: Jul 2013
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FAA Permits Filed For Three Tower Cranes At The Site Of 39-Story Nema Miami In Edgewater

Quote:
Permit applications have been filed with the Federal Aviation Administration for three tower cranes at the development site for Nema Miami, a 39-story mixed-use project in the works at 2900 Biscayne Boulevard in Edgewater, Miami. The development is the first of two phases being administered by Miami-based developer Crescent Heights, which is expected to yield nearly 943,000 square feet of space including 588 apartments, over 50,000 square feet of commercial space anchored by Whole Foods, and as many as 748 parking spots within a 428-foot-tall building. Nema Miami is designed by Arquitectonica with ODP Architecture & Design as the architect of record and New York-based Rockwell Group is handling interiors.

These tower cranes would assist in the vertical construction stages of the 428-foot-tall tower. Two of the three cranes would be erected on the southern frontage of the 2-acre site; one of 536-feet on the corner of Biscayne Boulevard and Northeast 29th Street, and the other of 574-feet on the corner with Northeast 2nd Court. The third and shorter tower crane is planned to be assembled on the north side of the property at 216-feet. There is reportedly already a tower crane assembled on-site. It is unclear if that crane is related to the recent filings, or from a separate permit filing. Note, permits for vertical construction are still pending according to the Department of Buildings, which remains under review by private provider Absolute Civil Eng-Plans Review and Inspections.

According to the Commercial Observer, financing for the project came from The Blackstone Group, which includes a $179 million senior mortgage, according to property records, as well as a $45 million mezzanine loan, bringing the total debt to $224 million.

A second phase at Nema Miami is planned to bring another tower of similar heights with another 400 apartments a block over from phase one. Vertical construction for phase one is likely to commence over the summer. Completion is expected in 2024. Stiles Corporation is the general contractor.
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