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  #401  
Old Posted Feb 17, 2024, 12:18 AM
wanderer34 wanderer34 is offline
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Originally Posted by Altoic View Post
Expected vertical construction in Q2, 2024 according to sales associates.
https://en.wikipedia.org/wiki/List_o...r_construction

When will the tower be completed? Wikipedia has it being estimated at maybe late 2025 just to top.
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  #402  
Old Posted Feb 17, 2024, 12:59 AM
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Originally Posted by wanderer34 View Post
https://en.wikipedia.org/wiki/List_o...r_construction

When will the tower be completed? Wikipedia has it being estimated at maybe late 2025 just to top.
Articles from last year expect the tower to be completed in late 2027 to early 2028.
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  #403  
Old Posted Feb 17, 2024, 3:56 AM
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https://nypost.com/2024/02/16/lifest...tallest-tower/

Standing proud: Miami developers race to erect city’s tallest tower









By Beth Landman
Feb. 16, 2024


Quote:
Developer Gil Dezer won’t stop until he’s on the top.

“We keep asking the FAA for taller, and the request keeps getting granted,’’ said Dezer, whose company is the largest landowner of oceanfront property in South Florida, with condo sales of more than $4 billion in the state.

Dezer is talking about two of his projects, both branded by automakers: Porsche Design Tower Miami at 649 feet, and the Bentley Residences Tower, which when completed, will rise 749 feet. That will make Bentley the tallest residential building on the US coastline.

Dezer is among a cadre of Miami developers racing to build roughly a dozen super-tall residential towers that push the limits in what has historically been a mid-rise city.

In fact, until 2015, most buildings were limited to below 500 square feet and the FAA, which determines how high these structures can go, routinely cut the requested feet of some projects in half. But that year it lifted its restrictions and a spate of super-tall projects were soon underway.
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Thanks to the influx of well-heeled New Yorkers, who are used to living at great heights, there is no shortage of takers for Miami’s new crop of tall poppies.

“The bigger the better!’’ enthused Jeff Zalaznik, co-founder of Major Food Group, whose company is currently erecting the 650-foot-tall Villa Miami in Edgewater.

“This is a unique opportunity to build an architectural masterpiece that will change the skyline. While being very tall, it’s still very intimate, with only one or two units on each floor. The idea is not more people, but more luxury. It’s going to be spectacular, with a helipad on top and marina at the bottom. It’s like living on the water, so you don’t even have to get in your car.’’

Apartments in these new buildings don’t come cheap. Pre-construction prices in the Bentley start at $5.5 million and $4.8 million in Villa Miami. But on higher floors costs soar to $35 million for a penthouse in the Bentley.

“We don’t have acres of land like Texas,’’ noted developer Kevin Venger of 1000 Group, who built the impressive 709-foot 1000 Museum Tower which opened in 2019. “We have smaller lots and many projects are urban infill, similar to New York, so you go vertical.’’

It all started with the Panorama Tower, the first ultra-tall in the trend. That mixed-use condo tower rises 869 feet and opened in 2018. It’s still the tallest completed building in the city.
Quote:
The new Aston Martin Residence is currently the city’s second-tallest tower.

“Super-tall towers were never a part of our landscape until Panorama,’’ said Jay Parker Phillip, president of Douglas Elliman Development Marketing in Florida. “The next one of that magnitude is really the Waldorf.’’

The Waldorf Astoria Residences is perhaps Miami’s most ambitious tower currently under construction. Located Downtown, it will rise 1,049 feet (or 100 stories), after breaking ground in Oct. 2022.

“Higher floors are going at a premium,’’ explained Kevin Maloney, founder of Property Market Group, developer of the Waldorf. “The top 20 stories are selling for 50% more than the lower floors. Sometimes the owners want us to disclose the prices. They are happy to say they paid a significant number to have the best and the highest.’’

One penthouse there is asking $55 million and 88% of units have already sold.

“We are trying to do something iconic,’’ said Maloney. “The Waldorf is about 40 stories higher than anything else in the state of Florida.’’
Quote:
Miami architect Kobi Karp, who designed Panorama Tower, and is currently at work on the 750-foot Miami River Residences and the 725-foot residential building at 700 North Miami from New York developer Steven Witkoff, agrees that colossal condos are beneficial to the city.

“They are sustainable, resilient and both energy- and cost-efficient,’’ he said. And, in South Florida, people aren’t too worried about blocking light. “When I build a high-rise it gives me a lot of shade and shadow, which is desperately desired in a subtropical climate.’’

Of course, constructing a massive building is no easy feat. “We have to withstand 180-mph hurricane winds; with the amount of concrete we use, we could build three times as high in New York,’’ says Dezer.

“These towers are exponentially more complicated and expensive once you get above 60 feet,’’ said Maloney.

“People are talking about buildings and announcing them, but it’s a long road to get there. We will put 500 piles 18 stories [tall] into the ground, and one pile goes through the sand and ocean floor. Then we will begin a superstructure that will rise 100 stories.’’
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  #404  
Old Posted Feb 17, 2024, 3:48 PM
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Quote:
Originally Posted by Altoic View Post
Articles from last year expect the tower to be completed in late 2027 to early 2028.
Empire State Building was erected in a year and a half, and it was much taller than the WA. My belief on why it will take longer than 2025 has to do with the design as well as the offsetting cubes within the tower, making construction a little bit difficult as opposed to the straight design towers that we've seen getting built from the early 80's onward to last decade. We can only wait until this tower gets built and the developers shouldn't waste any more time, as I feel the majority of people have waited long enough to see this tower get erected!
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  #405  
Old Posted Feb 17, 2024, 9:15 PM
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Originally Posted by wanderer34 View Post
Empire State Building was erected in a year and a half, and it was much taller than the WA.
Modern buildings may be more complex, plus they're actually about the same height minus ESB's upper tower and antenna.
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  #406  
Old Posted Feb 17, 2024, 10:11 PM
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Also from the article NYguy posted it explains the strict building codes which can slow construction:

Quote:
Of course, constructing a massive building is no easy feat. “We have to withstand 180-mph hurricane winds; with the amount of concrete we use, we could build three times as high in New York,’’ says Dezer.
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  #407  
Old Posted Feb 24, 2024, 6:55 PM
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https://twitter.com/OfficialJoelF/st...19727072485801

The beginnings of vertical construction have now commenced.
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  #408  
Old Posted Feb 24, 2024, 7:09 PM
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^ awesome!! 😎
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  #409  
Old Posted Feb 24, 2024, 7:21 PM
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Quote:
Originally Posted by Altoic View Post
The beginnings of vertical construction have now commenced.
FINALLY!!! HALLELUJAH!!!

Quote:
Originally Posted by Zapatan View Post
Modern buildings may be more complex, plus they're actually about the same height minus ESB's upper tower and antenna.
The fact that this project will be finished by 2028 is the only bummer about this project, due to a lot of the setbacks that are in each cube, plus the installation of the glass, which may take more time than what we originally thought it would take.

I'm thinking that the developers would construct a cube and after each cube, then that's when they'll install the glass, and when complete, the developers start on the next cube. Also, if anybody on here knows, will construct be a 24-hour operation, meaning that the developers will continue to install the glass, steel beams, and concrete day and night excluding holidays and hurricane days, or will the developers come work every evening?
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  #410  
Old Posted Feb 24, 2024, 8:07 PM
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It's on like Donkey Kong. This city is rising.

Quote:
Originally Posted by Altoic View Post



https://twitter.com/OfficialJoelF/st...19727072485801

The beginnings of vertical construction have now commenced.
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  #411  
Old Posted Feb 26, 2024, 1:21 AM
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Originally Posted by BrickellBased View Post
It's on like Donkey Kong. This city is rising.
Fun Fact… Donkey Kong Country is also under construction in Florida.
Video Link
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  #412  
Old Posted Feb 26, 2024, 3:06 AM
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Omg - I'll have to check this out. Thanks!

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Fun Fact… Donkey Kong Country is also under construction in Florida.
Video Link
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  #413  
Old Posted Feb 26, 2024, 3:31 PM
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Hopefully this doesn't affect the proposal in Miami.

Owner of D.C.'s Waldorf Astoria defaults on loan tied to the property

https://www.bizjournals.com/washingt...ump-hotel.html
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  #414  
Old Posted Feb 26, 2024, 8:45 PM
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Quote:
Originally Posted by 202_Cyclist View Post
Hopefully this doesn't affect the proposal in Miami.

Owner of D.C.'s Waldorf Astoria defaults on loan tied to the property

https://www.bizjournals.com/washingt...ump-hotel.html

Article is behind paywall but that's unfortunate.

I'm not sure either whether it'll affect this project.
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  #415  
Old Posted Feb 26, 2024, 8:47 PM
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The developer isn't waldorf astoria so the financing is safe. Whether this will change the branding of the tower... not sure.
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  #416  
Old Posted Feb 27, 2024, 12:29 AM
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^There is a difference between who owns a hotel and who operates it. Unless the actual building owner is one in the same, I doubt the two are connected in any way.
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  #417  
Old Posted Feb 27, 2024, 1:30 AM
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No doubt that Miami is growing! More people are moving in. It’s too overcrowded!!
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  #418  
Old Posted Feb 27, 2024, 1:42 AM
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  #419  
Old Posted Feb 29, 2024, 3:59 PM
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The height is really exciting (as that article says -- 40 stories taller than anything else in the state for now!) but I'm not sure I'm a fan of the stacked cubes design. Still, all things considered, a positive addition to the skyline for sure.

Nice to see it finally start to go up!
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  #420  
Old Posted Feb 29, 2024, 5:24 PM
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Quote:
Originally Posted by lio45 View Post
The height is really exciting (as that article says -- 40 stories taller than anything else in the state for now!) but I'm not sure I'm a fan of the stacked cubes design. Still, all things considered, a positive addition to the skyline for sure.

Nice to see it finally start to go up!
Panorama Tower, which opened in 2018, has 81 floors.
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