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82-Story Mixed-Use Tower Proposed For Downtown Miami

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The owner of a downtown Miami Courtyard Marriott is proposing redeveloping the site into an 82-story mixed-use tower.

A proposal filed with the city of Miami’s Urban Development Review Board reveals AVR Realty Co.’s plans to build a 1.5-million-square-foot residential and hotel high-rise at 200 Southeast Second Avenue. The development would include 637 residential units, 266 hotel rooms, about 9,200 square feet of retail space, 553 parking spaces, and 8,600 square feet of green space. Nichols Brosch Wurst Wolfe & Associates is designing the project.

Rendering of 2nd on 2nd

AVR affiliate Miami Convention Hotel Corp. owns the 1.2-acre property where the 13-story, 231-key Courtyard Miami Downtown/Brickell hotel is located. The building, built in 1975, is adjacent to the Miami Tower at 100 Southeast Second Street, which sold in 2016 for $220 million. The Courtyard site is zoned T6-80-O.

Property records show the AVR affiliate refinanced the Courtyard Marriott in 2015, boosting its financing to $52 million. A year before, AVR hired CBRE to market the property as a redevelopment opportunity, but it was later taken off the market.

According to the UDRB application, the existing hotel would be knocked down. The developer is seeking five waivers, including 10 percent increases in lot coverage, maximum floorplates above the eighth story, substituting commercial loading berths for industrial loading berths, and parking on the second story.

The board will review the development on Wed., April 18. If approved, the project would add to a handful of new towers planned for that area of downtown Miami, which includes the Aston Martin Residences at 300 Biscayne Boulevard Way, Grand Station Partners’30-story project at 40 Northwest Third Street and the YotelPad development at 227 Northeast Second Street.

 

Source: The Real Deal

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Coral Gables Paves The Way For Development On Land Where Police Department Sits

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The Coral Gables Police Department isn’t leaving its current building just yet, but if it moves, a future owner will have more flexibility to develop the space.

2801 Salzedo Street, Coral Gables

2801 Salzedo Street, Coral Gables

Commissioners gave initial approval to measures that change the current police department headquarters, 2801 Salzedo St., from public building use to commercial high rise and from special-use zoning to commercial zoning. The changes come almost a year after the city said it might build a new police headquarterson a city-owned parking lot at the corner of Salzedo Street and Alcazar Avenue.

City Manager Cathy Swanson-Rivenbark said her staff plans to present the latest recommendations at a future meeting. The zoning and land-use changes would not prevent the space from continuing to operate as police headquarters.

“A government building can be in a commercial area. A commercial building cannot be in a government area,” Swanson-Rivenbark said. “It doesn’t preclude our operation of 2801 Salzedo as a government facility.”

City staff estimated the cost of building a new facility on another lot or renovating the current building at $17 million to $33.5 million last year. Those estimates and proposals would also put the fire station that’s housed at the public safety building on Salzedo in the new building or create a new stand-alone fire station there. Both items will require a second vote at a future meeting before they become official.

 

Source: Miami Herald

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