MIAMI | Riverwalk Towers | 649 + 649 + 645 + 622 FT | FLOORS

[chris08876]

Chetrit Wants To Build Four 60-Story Riverfront Towers, Marina

In the shadow of I-95, a developer plans to build four 60-story towers on the Miami River to include a marina, hotel and 1,449 condo units.

The ambitious plan was reviewed May 14 by the Urban Infill & Greenways Subcommittee of the Miami River Commission.

Miami Riverwalk’s towers would cluster the condos and 300 hotel rooms on about 6.5 acres. The plan also calls for retail and office uses, a riverfront restaurant, public riverwalk and other dedicated green space, a small marina and parking garages.

The project is planned for a three-block area bordered by the river, Southwest Seventh Street, Southwest Third Avenue and Southwest Second Avenue.

Committee Chairman Jim Murley was pleased by the presentation on the project, including several renderings of the planned towers, but said he didn’t feel the time was right for an advisory vote to the full river commission.

The developer, New York-based Chetrit Group, had just hired a landscape architect and a firm to evaluate the need for a new seawall, so there was design work yet to be done, the committee learned.

The committee may review a more detailed plan in late June, with a river commission review possible July 7.

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May 21, 2014
John Charles Robbins
http://www.miamitodaynews.com/2014/0...wers-unveiled/

[chris08876]

Land Zoning request/modification:
-------------------------------------------

[...]

According to the presentation, the developer intends to seek a Special Area Plan designation under the city’s zoning ordinance, Miami 21. It is a rezoning, and approval is determined by the city commission.

The purpose of a Special Area Plan is to allow sites greater than 9 abutting acres to be master planned to allow greater integration of public and private improvements and infrastructure “and greater flexibility so as to result in higher or specialized quality building and streetscape design within the Special Area Plan,” says Miami 21.

In order to make the 9-acre minimum, the developer would add all or part of adjacent Jose Marti Park, a city-owned recreational area that includes a ball diamond. As owner of the park, the city would be a co-applicant for the Special Area Plan designation, according to the presentation.

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http://www.miamitodaynews.com/2014/0...wers-unveiled/


http://miami.curbed.com/uploads/p1-r...k-4c-thumb.jpg

[NYguy]

I was wondering why there was no thread for this one.

[chris08876]

^^^^

I don't think many in SSP share the same enthusiasm for Miami as I do NyGuy , exception of a few. I've made several threads for projects that put to shame other developments in most cities. Miami is a underrated powerhouse. Its becoming a true skyscrapercity.

Most noticeably, Paraiso Bay mega project which will compromise 6 towers (All in the 400-600 ft range). Next, Miami World Trade Center which will comprise of a soccer stadium, along with a huge complex on the portside. We then have City Centre which included numerous towers and a supertall in phase 2. Lastly, the biggest of them all, World Center which is 30 acres of a brand new CBD essentially. All of these projects are happening at full steam, are approved, and are slowly becoming reality along with the numerous 600 ft+ towers going up all over Brickell, Edgewater, and in the surrounding neighborhoods.


http://www.miamiworldcenter.com/wp-c...Masterplan.png

Also, lets not forget Skyrise Miami.

[chris08876]

Condo developer buys Finnegan’s bar on Miami River

A company led by New York developer Meyer Chetrit acquired the Finnegan’s bar property on the Miami River for $11.5 million and plans to build a condo there.

Ocean Drive Clevelander, led by Anthony Karpawich, sold the 39,495-square-foot property at 401 S.W. Third Ave. to CG Miami River, led by Chertrit. The 10,871-square-foot bar includes a pool along the river, but perhaps not for much longer.

According to a Miami Today story in May, Chetrit Group submitted plans to the Miami River Commission for four 60-story condo towers with a total of 1,449 units, plus a marina and hotel.
In June, CG Miami River paid $4.6 million to Bachelor Foods for a 14,866-square-foot site at 621 S.W. Third Ave.

Given the distance between the Bachelor Foods property and the bar site along the river, it looks like Chetrit has a handful of acquisitions to close before he assembles this site.

=====================================
Brian Bandell
Jul 9, 2014
http://www.bizjournals.com/southflor...ami-river.html

[bobdreamz]

^ Thanks for the update and I had no idea the developer had not acquired all of the property needed for this prohect yet.

[chris08876]

I wish we had more accurate renderings. The ones posted above do not give scale to the project. Maybe its just a perspective issue but they do not look 60 floors each. This one has been covertly occurring. Hopefully good ones will be revealed in the coming weeks to show off the true scale. Its a large project with over a 1400 units.

[chris08876]

Some extra info that comes along with this project in terms of general improvements:

Chetrit is also considering funding colored up-lighting of adjacent I-95 and 2nd Ave bridges over the Miami River. Doing so could allow for density increases granted for public benefit contributions

So this project could theoretically become denser as a result. As of now, 4x60 floor towers and a total of 1,749 units; 300 of those are hotel units.
==============================
http://www.exmiami.org/index.php/che...t-megaproject/

[dave8721]

Total for the 4 towers comes to 1762 residences, 246 hotel rooms, 180,000 square feet of retail space, and 135,000 square feet of office space.

Miami Riverwalk would be constructed in five phases. The latest presentation listed components of each phase.

•Phase 1: 60 stories mixed-use, 460 dwelling units, 156 hotel rooms, 48,820 square feet of commercial space and 636 parking spaces.

•Phase 2: 60 stories mixed-use, 470 dwelling units, 90 hotel rooms, 48,820 square feet of commercial space and 654 parking spaces.

•Phase 3: Three stories of marine industrial in 26,539 square feet, 16,935 square feet of commercial space, 9,604 square feet of office space and .35-mile of riverwalk promenade.

•Phase 4: 60 stories mixed-use, 510 dwelling units, 47,500 square feet of office space, 48,820 square feet of commercial space and 698 parking spaces.

•Phase 5: 60 stories mixed-use, 322 dwelling units, 62,500 square foot of office space, 16,800 square foot of commercial space and 420 parking spaces.

[dave8721]

The four towers will be 750 feet tall.
http://www.exmiami.org/index.php/rev...ject-brickell/

[chris08876]

Originally Posted by dave8721

The four towers will be 750 feet tall.
http://www.exmiami.org/index.php/rev...ject-brickell/

The deal just seems to get sweeter. Miami is just amazing right now.

Mods could the thread be renamed:

MIAMI | Riverwalk Towers | 4x60 FLOORS | 4x750 FT

Thanks

Currently planned:

Four, 60-story (750 feet) towers
4,211,800 SF FLR (total)
1,772 Residential Units
360 hotel units
119,604 SF office space
180,195 commercial space
Riverwalk promenade

[chris08876]

I'll just post a couple of renderings for the threads sake:

* Most are of a high resolution





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http://www.exmiami.org/index.php/rev...ject-brickell/
Also a thanks to: dave8721

[chris08876]

When all of the projects in preparation start to rise and finish, and the proposed towers which gained approval also are u/c, these towers will gain the rank of the 12,13,14 and 15th tallest in Miami. By 2020, if all goes well, Miami will have 11 towers over 750 ft and 3 supertalls.

* And thats assuming more aren't proposed and built by then having a height greater than 750 ft.

[chris08876]

==========================
PDF: https://www.scribd.com/doc/241610079/mrsap

Contains tons of information on the project

[chris08876]

Chetrit’s Massive Miami River Project Ready For Commission Review

Plans for the Miami River project have been slightly modified ahead of a review by the Miami River Commission and submission to the city as a Special Area Plan under the Miami 21 zoning code.

According to an affidavit signed by Ari Pearl, a representative of the developer, the development company that is proposing the project is 100% owned by Joseph Chetrit.

Public benefit contributions will total at least $22 million, including the required rebuild of the riverwalk and a reconfiguration of a nearby exit from I-95.

===========================
http://www.exmiami.org/index.php/che...ission-review/

[dave8721]

Name being changed to the more simple "Miami River":

http://www.miamitodaynews.com/2014/1...ouble-density/

4 towers on river seek double density

Written by John Charles Robbins on October 8, 2014

A vast mixed-use development planned on the Miami River in the shadow of I-95 won a recommendation Monday from the Miami River Commission as the developer seeks double the density allowed under current zoning.

CG Miami River LLC proposes four 60-story towers, office and retail space and more than 1,600 residences. Current zoning limits density to 200 residential units per acre, which would allow a little more than 800 units.

This project was earlier referred to as Miami Riverwalk, but the developer has now adopted the name of the body of water it embraces and vows to celebrate: Miami River.

At completion of all five phases, Miami River would include 1,678 residences, 330 hotel rooms, retail and office space, a new seawall with 19 boat slips, and a public landscaped riverwalk the length of the property, stretching from under the Second Avenue Bridge on the east to the northwest corner of Jose Marti Park.

To get the added density, the developer is seeking a Special Area Plan designation under Miami 21, the zoning code. It is in effect a rezoning, and the city commission determines approval.

The purpose of a Special Area Plan is to allow sites greater than 9 abutting acres to be master planned to allow greater integration of public and private improvements and infrastructure.

In order to make the 9-acre minimum, the developer and city plan a public-private partnership that would include a portion of adjacent Marti Park. As owner of the park, the city is a co-applicant for the Special Area Plan.

“We are very excited about this partnership,” Parks Director Stan Motley told the river commission. He said he hopes the development and the riverwalk leading straight into Marti Park will give the park “the publicity we’ve hoped for” and encourage more people to use the park.

Mr. Motley said the riverwalk will bring “a sense of community” to the area.

In consideration for increased density and other items, the developer plans $22 million in improvements or cash payments as a public benefit portion of the project.

River commission members had mostly positive comments about the project, but many expressed a strong desire to see the riverwalk built right away. As now proposed, the riverwalk is in phase two.

[chris08876]

Chetrit Preparing Miami River Project For Review By UDRB

Joseph and Meyer Chetrit’s plan to build the Miami River project continues to move through the approval process, and could be ready for review by Miami’s UDRB as soon as next month, according to a city source.

Plans submitted last year showed that the project could include up to 1,749 units in four, 60-story towers. It would become one of the few projects approves as a Special Area Plan under the Miami 21 zoning code.

As with most projects on the Miami River, the developers would be required to build a publicly accessible riverwalk. Other public-benefit contributions have also been proposed in order to gain density bonuses.

The Chetrits paid $97.5 Million for the land last summer, and obtained a $55 million mortgage. Some in the industry have questioned whether they actually intend to develop the property themselves, or flip the land after gaining entitlements.

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http://www.thenextmiami.com/index.ph...eview-by-udrb/

[chris08876]

4-Million Square Foot Miami River Project Set For Board Review, Roman & Williams Doing Interior Design

Later this week, members of Miami’s Urban Development Review Board will vote on the Miami River project in Brickell, one of the largest in Miami history.

CG Miami River, LLC, controlled by the Chetrit family, has had a team working on the project for at least a year now. Those working on it include Kobi Karp as architect, Roman and Williams for interior design, and Raymond Jungles for landscape design.

Chetrit paid $97.5 million for the property last summer, and owns about 6.2 acres. In order to meet the Special Area Plan status under Miami 21, which allows for special master-plan benefits but requires a minimum of nine acres, the developer is including Jose Marti Park. Since the park is owned by the city, it is listed as a co-applicant for the Special Area Plan.

The project consists of five phases of development, which will eventually result in four towers that are about sixty stories tall. It will include 4.2m-square-feet of FLR:

1,678 residential units
330 hotel rooms
176,350-square-feet of commercial space
66,541-square-feet of office space
Jose Marti Park will be renovated, and a public walkway will be built along the Miami River. The developer also alludes to unspecified improvements to I-95 and other surrounding public roads.

The UDRB meeting is scheduled for Wednesday.

=================================
http://www.thenextmiami.com/index.ph...terior-design/

[Ploppalopp]

Thanks for the update Chris!

This project is really cool and its pretty crazy how much development is going on in Miami. I visited a few months ago and it was really something I hadn't seen before...there was a massive construction site on basically every block with sales offices scattered all over the place. The atmosphere was really awesome. It was just SO lively because of all of the developments.

[chris08876]

MIAMI | Riverwalk Towers | 2 X 649 + 645 + 622 FT | FLOORS

Chetrit’s Miami River Project Gets FAA Approval

Chetrit Group’s mixed-use project on the Miami River was approved by the Federal Aviation Administration last week.

Located at SW 3rd Ave between SW 5th St & SW 6th St, the Miami River project will include four towers, ranging in height from 622-feet to 645-feet above ground. The tallest two towers will each top out at a height of 649-feet above sea level.

A construction timeframe wasn’t listed, but the site has already been cleared. FAA approval expires after 18 months if construction hasn’t commenced.

Kobi Karp is the project architect.

======================
NXT