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The program was spearheaded by prolific curator and art dealer Jeffrey Deitch and the team at Primary, a Miami-based curatorial collective that focuses on public art.
Each building will likely soar 60 stories.
This volatility has led some contractors to order and pre-pay for materials earlier than they usually would, tying more money into projects up front.
The price was not officially disclosed but people familiar with the deal stated it was more than $400 million and less than $500 million, with some sources saying the price was roughly $450 million.
The purpose of the 10- to 15-year redevelopment is to better use county-owned lands and meet community needs.
A member of church filed a complaint in October and won a preliminary battle last week before the Presbytery of Tropical Florida, the overseeing body of the church at 609 Brickell Ave.
Crescent Heights would double the size of its assemblage with the acquisition of the school board’s 1.1-acre lot.
Feeding into a record-breaking in demand real estate market, multifamily developers have enough work in the pipeline to last into 2024.
Three towers, between 39 stories and 48 stories, would sit on top of a new public parking garage with 1,350 spaces and retail on the ground floor.
The project would have three 57-story towers connected by a podium at the base, comprised of 2,195 residential units, 540,000 square feet of offices, 49,999 square feet of retail and 2,457 parking spaces.
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