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  #181  
Old Posted Jul 1, 2022, 3:12 AM
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^^^^^^^^^

I think we have to be patient. Good things take time. Just like with the Citadel buying spree in Brickell. In other words, sometimes the underdog can't be underestimated. New winners and future top dogs may arise in time.

We shall see. If a Citadel move triggers others to follow suit, than the odds start to be in this developments favor (or others for that matter).
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  #182  
Old Posted Jul 4, 2022, 2:04 AM
rivernorthlurker rivernorthlurker is offline
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Quote:
Originally Posted by chris08876 View Post
^^^^^^^^^

I think we have to be patient. Good things take time. Just like with the Citadel buying spree in Brickell. In other words, sometimes the underdog can't be underestimated. New winners and future top dogs may arise in time.

We shall see. If a Citadel move triggers others to follow suit, than the odds start to be in this developments favor (or others for that matter).
My bet is Citadel will trigger others to follow. This is a big deal for Miami. I have already come across of a recruiting firm considering of opening an office in Miami because of Citadel's announcement, as well as other financial firms opening offices in Miami.

Citadel is Chicago's largest hedge fund and they run the 9th largest in the world (https://en.wikipedia.org/wiki/List_of_hedge_funds). This is a big company in Chicago let alone Miami. And Millenium mangagment has been expanding rapidly as well in Miami (https://www.bloomberg.com/news/artic...rida#xj4y7vzkg). They are the world's 4th largest fund.

The more (major) companies relocating to the area the higher the confidence gets for others to make a commitment and lower the risk becomes. I anticipate Miami being a powerhouse of the 2020s in the US and becoming a bit of a Dubai of the Western Hemisphere. It already is a preferred location for events on the East Coast taking some of the convention business from Vegas. This is also part of Dubai's playbook.
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  #183  
Old Posted Jul 19, 2022, 12:06 AM
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FAA approved this at 1,040 ft.
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  #184  
Old Posted Jul 20, 2022, 7:31 PM
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July 29th is the next major milestone. A vote on the revised design features.
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  #185  
Old Posted Jul 25, 2022, 5:09 PM
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Tree Permit Submitted For One Brickell City Centre Supertall
https://www.thenextmiami.com/first-p...tre-supertall/

Quote:
What appears to be the first construction permit connected to the proposed One Brickell City Centre Supertall tower has now been applied for.
Records show that an affiliate of developer Swire Properties applied for a permit to remove 126 trees at 700 Brickell Avenue.
The permit application was submitted to Miami’s Building Department on July 13.

There does not yet appear to be any demolition or new construction permits pending for the property. A commission vote on design changes including larger floor plates and removal of underground parking is scheduled for later this week.
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  #186  
Old Posted Jul 25, 2022, 8:32 PM
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Will the high-profile projects survive ?

https://therealdeal.com/miami/2022/0...=feature_posts
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  #187  
Old Posted Jul 25, 2022, 9:33 PM
rivernorthlurker rivernorthlurker is offline
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Originally Posted by Dale View Post
Will the high-profile projects survive ?

https://therealdeal.com/miami/2022/0...=feature_posts
New Citadel Tower/Center will. Which is at least some source of reliability for other developments.
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  #188  
Old Posted Jul 25, 2022, 11:58 PM
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Might mean a chance for prices to come down and attract new people. A good opportunity for some, not just for the homeowners selling homes to folks willing to pay 15-20% more due to Covid pricing. It's a good thing the bidding wars are slowing down or in some metros gone away.

More affordable conditions will help Miami-Dade, not hurt it and it hasn't stopped the selling with many developments, especially recent ones.
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  #189  
Old Posted Aug 4, 2022, 8:17 PM
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One Brickell City Centre Zoning Changes Approved, Fire Station Now In Permitting

Quote:
Developer Swire Properties has obtained approval for zoning changes needed to build the One Brickell City Centre Supertall office tower on a first reading.

Miami commissioners voted unanimously to approve the One Brickell City Centre zoning changes at a meeting on July 28, which will allow larger floorplates, among other changes.


A second and final reading is scheduled for September.

The developer is also now in active permitting to build a temporary fire station for the city at Brickell City Centre.

Swire agreed to build a permanent fire station in 2019, as part of the approval for two new mostly-residential Brickell City Centre towers that will be built on the Tobacco Road and Associated Photo properties.

The developer commenced construction permitting in 2019 for a temporary fire station to be built on the Brickell City Centre North Squared lot that will be in place until the permanent station is built inside one of the new towers.

The city then halted the permitting process for the temporary station, but recently allowed it to resume, a representative of the developer told commissioners.

According to the temporary fire station construction permit, 1,640 square feet is being built at an estimated cost of $288,000.
===================
NXT
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  #190  
Old Posted Sep 14, 2022, 6:03 PM
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Fire station issue stalls signature Brickell City Centre tower

September 13, 2022

Quote:
Miami city commissioners have delayed a final vote on Brickell City Centre’s latest expansion, while directing city staff to get to the bottom of why a promised fire station has not been built as part of the sweeping mixed-use development.

At a rescheduled regular meeting on Tuesday, commissioners were to hold a second and final hearing on two planning and zoning resolutions that would amend the current Special Area Plan, or SAP, for Brickell City Centre.

Instead, Commissioner Joe Carollo asked that the items be deferred, a move approved on unanimous vote.

The commission approved the two items on first reading in August.

The latest proposal, if approved, would allow another amendment to the development’s SAP to provide for the One BCC Signature Office development, an alternate concept for the One BCC parcel, which may utilize design flexibilities that includes larger tower floorplates.

One BCC is to be a 1,000-foot supertower, designed by architectural firm Arquitectonica.

Swire Properties Inc. is the main developer of Brickell City Centre, which began in 2013.

The global development company entered into an agreement with the City of Miami that calls for construction of a temporary and then a permanent fire station.

Construction was expected to begin in March 2020 but the Covid-19 pandemic reportedly stalled the plans.

Work on the fire station still has not begun, a fact brought up by Mr. Carollo in requesting the deferral.

He mentioned his predecessor, his brother Frank Carollo, who years ago pushed for a new fire station in the dense and growing Brickell area.

“My brother wisely thought to the future, that we needed another fire station,” said Mr. Carollo.

“We badly need a second fire station. They’re (Swire) offering a temporary one. I want to talk to the fire chief and fire union (to determine whether) that agreement entered into years back is correct. This is a life and safety issue,” he said.

Mr. Carollo asked the administration to go through the agreement carefully and report back to commissioners.

Like Mr. Carollo, Commissioner Manolo Reyes said he too recently received a bundle of information about Brickell City Centre and the planned fire station.

Mr. Reyes said some of the information implied the city itself is to blame for delays in having the fire station built.

Mr. Reyes agreed with Mr. Carollo’s move to delay the vote on the amended SAP until the matter is clarified.

“I want to find out what is going on, why it has taken so long, and also if we have not done what we should have done as a city administration to correct it,” said Mr. Reyes.

“There is a statement that part of the delay is blamed on the city. I don’t know if it’s true or not true, but I would like to clarify that. We definitely need a fire station in that area,” he said.

Chair Christine King said, “I agree. I received similar communications and I’m very concerned about the issue.”

Commissioner Ken Russell noted the development is a major project in his district that he’s kept a close eye on, and he’s worked closely with Swire.
“You’ll find they have been cooperating in good faith with the fire department and the administration,” he said.

Mr. Russell said Swire representatives have agreed on at least two major issues: “creating the temporary fire station when they knew there was going to be a delay, and that’s an additional million-dollar cost to them, and they’ve already purchased the materials and have been storing them for nearly two years waiting for the permits for that temporary station.

“And two, they’ve now offered continuity of service, between the temporary and the permanent version (of the fire station), which was not in the original agreement,” he said.

Mr. Russell also said as part of a second amendment to the SAP, there was a provision for Swire to pay the city $1 million for affordable housing.
=========================
https://www.miamitodaynews.com/2022/...-centre-tower/
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  #191  
Old Posted Sep 23, 2022, 12:20 AM
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One Brickell City Centre Supertall Approved, Groundbreaking Early 2023
https://www.thenextmiami.com/one-bri...rly-next-year/

Quote:
City commissioners voted unanimously today to approve expanded floor plates needed to build the 1,049-foot One Brickell City Centre, in a second and final reading.

Approval today came just a week after a commissioner demanded more information on a deal to build a new fire station at Brickell City Centre, delaying a vote.

Floorplates in the 80-story building will be the largest ever built in the city.

In a statement released following the vote, a representative for One Brickell City Centre said that construction will begin in early 2023.

Demolition permits will be filed in the coming months, the representative added.
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  #192  
Old Posted Sep 23, 2022, 12:28 AM
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Great news. Looking forward to the permits being filed. Good momentum!

I knew the minute Stephen Ross joined the party, things would happen. Ross doesn't play around. He's also making some strides in West Palm Beach, with their largest office development. Next up, Citadel HQ having their design revealed.
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  #193  
Old Posted Sep 23, 2022, 1:36 AM
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Awesome news!
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