New Information Released on 110 Tenth, Worldcenter's Pickard Chilton Designed Office Tower

Miami Worldcenter recently announced that a new, 45-story, futuristic office tower would be built as part of their development initiative. The tower is currently known as 110 Tenth and new details reveal that the 45-story tower would be built above the 12-story podium of PARAMOUNT Worldcenter residential condo tower. The podium houses parking along with their amenity deck and high-street retail space. Pickard Chilton has designed the office tower, although Stantec is the Architect on record, which will feature a futuristic "diagrid" design in addition to 600,000 SF of Class A office space and 944,000 gross SF. Construction is expected to begin in the Q2 of 2018, with occupancy expected in late 2020. 

Check-out our original coverage of the futuristic office tower by Pickard Chilton.

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. 

Downtown Miami's Courthouse Tower to get $5 Million Renovation Designed by MKDA

Downtown Miami’s Courthouse Tower is set to undergo a $5 million renovation designed by Wynwood based architecture and interior design studio MKDA after it was acquired by New York real estate investment firm Brickman for $27.5 million in March 2016. Courthouse Tower is 162,500 SF spread over 25 floors of office space with ground-floor retail. MKDA will be tasked with upgrading the façade, signage, lobby, amenity spaces, elevator lobbies and corridors with a modern architecturual style. 

PARAMOUNT Miami Worldcenter Unveils Penthouse Collection Featuring 26 Exclusive Residences

PARAMOUNT Miami Worldcenter has unveiled their penthouse collection of 26 exclusive penthouses. The penthouses will be located in the circular upper core of the 60-story skyrise and will consist of 18 large single-story residences and 8 two-story duplex residences ranging in price from $3.5 to $9.5 million. The tower’s core will feature penthouse residences ranging between 3,500 and over 6,000 SF in layouts consisting of four and five bedroom residences.   2 select duplex penthouses will be located on the 54th floor with another 2 premier duplexes will be located on the 55th and 57th floors. The penthouses will be part of the tower’s four-level Skydeck, which is designed to look like the helm of a magnificent Italian super yacht. The Skydeck will feature its own sky view lounge, sunrise pool, observatory, infinity pool, sundeck and Tai Chi deck. Penthouses will feature panoramic views, private elevator access, 10-foot ceilings, European kitchens and bathrooms complete with rain showers and spa tubs, as well as larger entertainment spaces. Residences also include chef's kitchens including 12-foot islands and the highest quality Gaggenau appliances including a full-size wine cooler and premium induction cooktops. 

“The Penthouse Collection Series is yet another testament to the new dimension PARAMOUNT Miami Worldcenter is introducing to the market,” said developer Daniel Kodsi. “A true rarity, our penthouse residents will enjoy expansive floorplans and oversized, outdoor living rooms, designed to feel like a true single family home in the sky with sweeping 180 degree views and all of the benefits of our urban location and unmatched amenity offerings.”

Check-out our PROFILE Exclusive Interview with Dan Kodsi, the developer of PARAMOUNT Miami Worldcenter as well as our coverage of the release of the PARAMOUNT Miami Worldcenter Guest Suite Collection. 

Downtown Miami's New World Tower to Undergo $10 Million Renovation, To Become 100 Biscayne

Downtown Miami's New World Tower will undergo a $10 million from East End Capital and will be renamed 100 Biscayne. The redesign of the existing 30-story, 357-foot office tower will be headed up by Zyscovich Architects with interiors by MKDA. Renovations will include the lobby, façade, hallways, common areas, parking facilities, bathrooms, new amenity spaces with conference areas and fitness centers as well as upgrading the building to fiber connectivity. At the time of completion in the 1960's, New World Tower was the tallest building in Miami. East End Capital acquired the land for $84 million in fall 2016.

Drama Beginning to Unfold at Island Gardens on Watson Island Between Flagstone Property Group and The City of Miami

15 years ago, the city of Miami and Turkish developer Mehmet Bayraktar's Flagstone Property Group struck a deal to the tune of a 99-year lease to allow Flagstone to develop the Island Gardens property on Watson Island. Last week, city commissioners unanimously voted 5-0 to issue a notice of default to Flagstone Property Group. The city of Miami grew frustrated after the development proposed by Flagstone, which would include 2 hotels, 221,000 SF of retail and restaurant space and a megayacht marina was never built and only the megayacht marina was completed in 2015. The project was approved by Miami voters in 2001 and had expected costs over $1 billion. Flagstone Property Group claims that they can cure any defaults and may sue the city. They also claim that terminating the lease would lead to losses over $100 million. During 15 year period, Flagstone Property Group paid only $6.3 million in rent. Mayor Tomas Regalado could veto the vote and has suggested commissioners bring in a third-party to determine if Flagstone is actually in default.

Miami Worldcenter Files Utility Plans, to Feature as Much Restaurant Space as Retail

Miami Worlcenter’s newly filed utility plan shows that there will be nearly as much restaurant space as retail. Miami-Dade Water and Sewer has approved a deal that will allow Miami Worldcenter to build 202,391 SF of full-service restaurant space, 50,000 SF of fast food restaurant space and 21,500 SF of bar and cocktail space. It is expected that with this restaurant footprint, Miami Worldcenter's restaurant tentants could serve up to 17,000 customers at a single time. The new plan includes 281,191 SF of retail, 5,862 SF of residential units, 202,391 SF of full-service restaurant space, 50,000 SF of fast food restaurant space, 21,500 SF of bar and cocktail space, 250 hotel rooms, 506,500 SF of office space and 26 bungalows. In separate agreements are The Marriott at Worldcenter, Paramount Worldcenter and the 45-story Hines office building.

New Details Released on 25,000-Seat Soccer Stadium by Miami Beckham United

New details and renderings of the proposed 25,000-seat, privately funded soccer stadium planned by Miami Beckham United in Overtown have been released. The total cost is expected to exceed $500 million with no city or county subsidy provided for the construction of the stadium. Over the next year the project will seek approvals for zoning changes and street closures as well as a vote by the Miami-Dade commission as to the sale of land needed to build the stadium which will take place in early June. Construction is expected to take 18 months with an estimated completion date 2021. 

Futuristic Office Tower Coming to Miami Worldcenter Ready to Break Ground

Hines is bringing a new, futuristic office tower to Miami Worldcenter and the project is just about ready to break ground. The tower will rise 45-stories with a futuristic "diagrid" design and is designed by Pickard Chilton Associates, a architectural firm based in Connecticut. It will feature 600,000 SF of Class A Office Space with high-street retail on the ground floor as part of the larger Miami Worldcenter high-street retail initiative. Hines was attracted to the project based on Miami's strengthening workforce and office market as well as the massive amounts of public transportation coming to the area including the Brightline and MiamiCentral. Groundbreaking is expected for Q2 2018 with completion in late 2020.

Featured Listing: Tour the Marquis Residences Duplex That is Currently The Most Expensive Rental in Downtown Miami

Unit 3106, a massive and masterfully designed duplex at Marquis Residences, has listed for rent for an astounding $25,000 per month. The listing is the priciest rental listing currently in the Brickell and Downtown neighborhoods. Unit 3106 features 4 bedrooms and 4 bathrooms spread over 3,776 SF. The fully custom unit designed by Troy Dean Interiors features wood-clad walls throughout, a second floor master bedroom suite with study, open kitchen, dining room, double-height floor-to-ceiling-glass living room over Biscayne Bay for immaculate views, and 2 massive screens against the living room window placed for viewing from the top floor and bottom floor. The unit was last sold for $2.6 million in 2014 pre-renovation. Marquis Residences 3106 is currently listed for rent at $25,000 per month with Dario Stoka of Brown Harris Stevens. Take the photo and video tour below.