One Thousand Group, Integra, Alchemy Projects Nab Approvals
A Miami board approved office projects in Edgewater and Midtown, as well as a residential building in Wynwood, but was not impressed with proposed apartments near the Miami River.
The Miami Urban Development Review Board on Wednesday greenlit three proposals, but took issue with a fourth, prompting that developer to opt to come back for review at a future meeting.
In Edgewater, Miami-based One Thousand Group plans a 47-story office tower with 312,000 square feet of office space, 29,000 square feet of commercial space and a 671-space garage at 3601 Biscayne Boulevard and adjacent sites at 345 and 409 Northwest 36th Street.
“I don’t think there is one thing that I don’t like about it,” board chair Ignacio Permuy said about the project.
One Thousand Group, led by Louis Birdman, Kevin Venger and Michael Konig, has the site under contract for an undisclosed price. The firm is best known for partnering on the Zaha Hadid-designed One Thousand Museum condo tower at 1000 Biscayne Boulevard in downtown Miami.
In Wynwood, New York-based Alchemy-ABR Investment Partners plans a 12-story, 178-unit residential building with 13,500 square feet of ground-floor retail and 183 parking spaces at 18 Northwest 23rd Street. Led by Joel Breitkopf, Brian Ray and Kenneth Horn, Alchemy bought the 0.8-acre development site for $18 million last year. The property is a parking lot for the Salvation Army, which runs a nearby thrift store and rehabilitation center.
Integra Investments’ proposal for a 20-story office building at 3601 North Miami Avenue in Midtown Miami also scored approval. The project would have 217,000 square feet of office space, 11,400 square feet of commercial space and a 684-space garage. Led by Nelson Stabile, Integra is partnering on the project with TriStar Capital and Lndmrk Development, according to the South Florida Business Journal.
Urban-X Group, which developed the River Landing Shops & Residences mixed-use complex along the Miami River, proposed the 28-story, 475-unit MidRiverVu apartment building with a 533-space garage at 1411 Northwest North River Drive.
Board members largely took issue with a pedestrian overpass connecting MidRiverVu and the River Landing project across the street.
“I honestly don’t see a strong enough reason why to have the bridge,” Permuy said. “How many people are actually going to use it? … I don’t like the way it was designed. I think it’s an afterthought.”
Representatives for Urban-X told the board they are amenable to reconsidering the design of
the bridge.
Led by Andrew Hellinger and Coralee Penabad, Urban-X assembled the 2-acre development site consisting of nine lots for $13.2 million in several deals in 2019 and 2020, according to records.
