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If the investor group does formally submit an application, commissioners could, under city procurement rules, elect to open up the property for competitive bids or go to voters with investor’s solo bid.
The 60-story tower is currently in review by Miami-Dade County planners.
Terra and Arquitectonica are working on two projects in Overtown and Midtown; Kobi Karp is designing a condo tower downtown.
The incentive program includes three different categories of businesses.
Clear Residences is planned as a 60-story tower, rising 690 feet above ground.
While the allure of purchasing a branded condominium may be tempting, most buyers are not aware that the brand name pedigree they have purchased into is merely on lease to the association, subject to terms and conditions that often leave purchasers with fewer rights than obligations.
According to a recent report, Miami continues to show strong trends regarding flight-to-quality as both new-to-market and existing tenants seek new Class A and Trophy product space.
The property consists of 0.86 acres with T6-80-0 zoning allowing a tremendous development opportunity for up to 800 residential units and 120 hotel rooms.
The city’s Urban Development Review Board approved plans for Miami Worldcenter Block C, located on the 0.68-acre site at 155 N.E. 10th St., on March 20.
The 1,049-foot building will be the tallest in Miami.
Ven-American Real Estate, Inc. established in 1991, is a full service commercial and residential real estate firm offering brokerage and property management services.
Ven-American Real Estate, Inc.
2401 SW 145th Avenue, Ste 407
Miramar, FL 33027
Brokerage & Property Management Services
Phone: 305-858-1188