Adler Group’s mixed-use Class-A multifamily project Nexus Riverside has been approved by Miami’s Planning & Zoning Department. Located at 230 SW 3rd St., Nexus Riverside will be a multi-phase project in which Phase 1 will feature 428 apartments units and 278,379 square feet of office.
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Nexus riverside approved and seT to break grouNd in Q4 2020
Adler Developments’ Nexus Riverside is coming to the Miami River after having been approved by Miami city commissioners. The developers plan to break ground in Q4 of 2020 and will bring 4 towers set o be completed in 5-7 years.
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Nexus Riverside Central Proposed by Adler Group, to be Reviewed by Special Estate Counsel
A $465 million project on the Miami River proposed by Adler Group on the site of the City of Miami's Administrative Headquarters is headed for review by a special estate counsel authorized by the City Commission. Adler Group has proposed an exchange of constructing a new building and parking garage somewhere else in Miami in exchange for the right to build on the site. Nexus Riverside Central would include 3 residential tower with 1,350 residential units and a 150-room hotel along with 30,000 SF of shopping and dining. Adler Group would pay $335 million in rent to the city in a 90-year ground lease on the property. Approval by the special estate counsel would lead to the project appearing on the November ballot and would move Miami's Administrative Headquarters away from the Miami River which has become a hotbed for development in recent months with projects such as One River Point and Aston Martin Residences.
