Sub Markets

Property Sectors

Topics

Florida & Gulf Coast CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Florida & Gulf Coast  + South Florida  + Apartments  | 
Miami developer putting up 81-story highrise where restaurant stands

Miami Developer Scoping Out 81-Story Apartment/Hotel Combo

A Miami Developer is hoping to build an 81-story apartment building that would include 560 apartment units and 84 hotel rooms. Developer Walter Defortuna is proposing to build the tower on Brickell Avenue that would be the tallest tower in Miami if it’s completed.

The property currently features a 7,065-square-foot restaurant building (image) as well as a 10,972-square-foot retail building.

The S. Florida Business Journal reports that Defortuna hopes to redevelop the property with a 1.83 million-square-foot tower containing multifamily units with an average size of 1,113 square feet, 117,310 square feet of office space, 43,700 square feet of hotel space, 6,038 square feet of retail and 1,226 parking spaces. The residential units would range from 533-square-foot studios to 1,907 square feet with three bedrooms.

It would have a pool, gym/spa, bar and hotel lobby on the 12th floor.

The tower would rise 1,010 feet, greater than the height of the tallest building in Miami, the 868-foot Panorama Tower.

Connect

Inside The Story

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Development
New call-to-action
New call-to-action
New call-to-action
New call-to-action