Preliminary plans for what will become the Southplace City Center include a 150-key hotel, 60,000 square feet of medical office space, a terraced community amphitheater, golf cart trails, a trolley system, restaurants, retail and approximately 4,400 housing units to be built over a seven-year period.
The 68-story building would have the largest office floor plates of any building in downtown Miami or Brickell.
Brokers are particularly seeing buyers from Brazil, Argentina and Colombia.
In total, 15 restaurants in the Miami area made the top 100 list in 2021. That is more than all of the restaurants in both New York (10) and California (11).
The labor union has owned the site for more than 45 years and previously operated a 5,130-square-foot building on the parcel.
The developers pledged to purchase and maintain 622 acres of environmentally endangered lands so the county can preserve them. The mayor remains concerned about the environmental impacts of the project.
The 100-story tower is designed to fight 100-MPH winds with a superdeep foundation and anti-sway device.
The Waldorf Astoria Hotel & Residences is the first supertall building to break ground in Miami. It probably won’t be the last. Coming up on its heels are a handful of other proposed skyscrapers that appear to be moving steadily if slowly ahead after years of delays, grandiose announcements and some wishful thinking from developers looking to bust through the fabled 300-meter — nearly 1,000-foot — benchmark.
While the property is currently in the final stages of planning, a number of tenant selections have already been secured and two floors fully renovated.
According to a press release, the 2022 edition of Art Basel Miami Beach will feature 283 galleries from 38 countries and territories – including 26 first-time participants.