The affiliate of Miami-based Related Companies of Florida Inc. already is reporting considerable customer interest in the 4.1-acre project adjacent to the Miami Marina at Fourth Street and Alton Road. About 180 of the 263 luxury condo units were sold as of May this year.
Although company officials did not respond to a request from GlobeSt.com for comment, Miami Beach city officials estimate Related Group could pull building permits within four to six months, depending on receipt of working architectural drawings from the Miami-based architectural firms of Sieger-Suarez Architectural Partnership Inc. and Fullerton Diaz Architects Inc.
"They'll be breaking ground early next year, unless they're on an accelerated schedule," Thomas R. Mooney, the Miami Beach Planning Department manager of design and preservation, tells GlobeSt.com. "They could be in the ground by the end of the year."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
