‘Whole New Level Of Residential Living’ Coming To Miami Worldcenter After Developer Buys Piece
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A parcel next to Legacy Miami Worldcenter has just been sold to an apartment developer, and a broker involved in the transaction has high expectations for what’s coming.
An affiliate of residential developer Lynd paid $30 million for the lot, county records show.
The property is directly adjacent to Legacy, on the corner of NW 10th Street and N. Miami Avenue. It currently appears to be in use as a staging area for construction at Legacy.
A broker involved in the sale and financing of the property told the SFBJ he expects Lynd to bring “a whole new level of residential living” to Worldcenter “that the market has not seen before.”
Up to 650 apartments can be built, with up to 1.2 million square feet, according to an allocation of density rights recorded along with the sale.
The seller retained a similarly sized parcel next door, also adjacent to Legacy. The allocation also leaves and additional 650 apartments and 1.2 million square feet for that parcel, bringing the potential total to 1,300 units.
IRR Parkwest Investments LLC, managed by Marc Roberts, was the seller.
Apartment developer Lynd has applied to the Federal Aviation Administration for height approval for a new tower at Miami Worldcenter.
Lynd just acquired the Worldcenter parcel last month, in a $30 million deal.
According to the September 8 FAA filing, the building on Lynd’s site will rise 698 feet above ground, or 709 feet above sea level
1,102 residential units
amenities on levels 12, 13, 39 and 40 (the skybridge is on 39)
approximately 60,000 square feet of ground floor retail and commercial use
15-foot wide covered pedestrian arcade along NE 9 Street
652 parking spaces on levels 2 through 11, with the garage to be covered with a screening system
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Originally Posted by chris08876
This could be a very big tower if they build what the max allows it to.
the rendering is deceptive, it will be the same height as Paramount WorldCenter. This neighborhood is going to be a plateau of 699' towers due to the FAA restriction
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Loving this development! It's crazy to see all those parking lots on google maps above as they're all construction sites and buildings now. I've got to imagine the internet speed will be spectacular being located next to the NAP of Americas building.
Man, much of that area of the CBD is still wasteland.
That area is currently a mosh pit of construction with the signature bridge and double decking of I-395, the two 700+ft e11even towers, Legacy Tower, and many others.
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