MIAMI | St. Regis Residences (1809 Brickell Ave) | 630 FT | 47 FLOORS

[Altoic]

Apparently groundbreaking will be this summer.

[Altoic]

Over 60% sold.

[BrickellBased]

Two 750 ft cranes planned

https://www.thenextmiami.com/750-foo...truction-site/

[Altoic]

Related Group just got a 527 million dollar construction loan. This is massive and one of the largest ever granted in Miami history.

[BrickellBased]

That's a huge loan for a single building, especially only a 600 footer. Though previous articles did say this would approach $2000/sqft which is loco. That's $2M for a 1k sqft 1 BR.

And $527M loan for a 150 unit building - and that's just construction cost. You do the math

https://therealdeal.com/miami/2024/0...egis-brickell/

This also mentions the 50 floor figure which is up from the previous 47. So it could be a bit taller now and possibly approaching 700 ft.

[Altoic]

Thankfully for the developers it has a sellout price of 1 billion

[BrickellBased]

Originally Posted by Altoic

Thankfully for the developers it has a sellout price of 1 billion

Unreal. Expecting this to be a palace.

[BrickellBased]

If this is roof height - which it probably is - it will be similar in height to the Burj Al Arab - Dubai's '7 star' hotel.

https://skyscraperpage.com/diagrams/?buildingID=48

which is shaped like a sailboat while this will be shaped like a cruise ship. Both insanely expensive and anchored by a four (or seven) star hotel.

I always felt Miami mimicking Dubai's model in the western hemisphere, intersecting the North and South Americas and Europe, while Dubai is a convergence of Europe, Middle East, and Asia.

[wanderer34]

Did groundbreaking happen already?

[BrickellBased]

No not yet. They have to demo a building there first

https://www.miamiluxuryhomes.com/con...-hits-60-sold/

Originally Posted by wanderer34

Did groundbreaking happen already?

[BrickellBased]

Actually there is no hotel component

However, as there is no hotel component in the St. Regis Residences, Miami, the property is more private and exclusive

Also

Prices for the tower begin at $3.7 million.

https://www.miamiluxuryhomes.com/con...-hits-60-sold/

Originally Posted by BrickellBased

If this is roof height - which it probably is - it will be similar in height to the Burj Al Arab - Dubai's '7 star' hotel.

https://skyscraperpage.com/diagrams/?buildingID=48

which is shaped like a sailboat while this will be shaped like a cruise ship. Both insanely expensive and anchored by a four (or seven) star hotel.

I always felt Miami mimicking Dubai's model in the western hemisphere, intersecting the North and South Americas and Europe, while Dubai is a convergence of Europe, Middle East, and Asia.

[Altoic]

Originally Posted by BrickellBased

No not yet. They have to demo a building there first

https://www.miamiluxuryhomes.com/con...-hits-60-sold/

The demo is going on according to twitter:


https://x.com/volvoshine/status/1832533849273999633

Can't wait for this to rise!

[BrickellBased]

Great!

With $562M 'in hand' I am sure they will be getting this one demo'd and u/c ASAP.

Let's just hope Related is not using the same demo company as they did for the One Brickell City Centre project!

Originally Posted by Altoic

The demo is going on according to twitter:


https://x.com/volvoshine/status/1832533849273999633

Can't wait for this to rise!