Tesla Underground Tunnels
Elon Musk's infrastructure corporation, The Boring Company, has submitted plans to build the North Miami Beach Loop tunnel in Miami, which will shuttle people in a dedicated fleet of Tesla automobiles from the north of the city to Sunny Isles Beach.
The six-mile-long tunnel would merge the commuter railway station at Golden Glades with Sunny Isles Beach on the city's eastern coast.
The North Miami Beach Loop will have an initial carrying capacity of 7,500 passengers an hour that could be scaled up to 15,000 people, according to The Boring Company's proposal.
Its original 6.2-miles route could also be extended to the northwest to connect to the Hard Rock Stadium and Casinos and to the southeast to service Florida International University's waterfront Biscayne Bay Campus.
With an expedited permitting process, The Boring Company estimates the system could be constructed in less than three years for between $185 million and $220 million.
Bal Harbour Shops Lifestyle Retail Renovation & Expansion
Zyscovich designed a comprehensive addition to this remarkable shopping center by adding over 200,000 SF of high-end retail. The master plan also included a new anchor store, a new village hall for the City of Bal Harbour, movie theaters, ballrooms, an addition of public green eco-space, and parking to help the new extension. The planning and design of the wing to this unique shopping destination helped continue its triumphant trend and ranking as the most exclusive shopping center in the United States.
When it comes to luxury shopping destinations around the world, places like New York City, Milan, Hong Kong, Singapore, and Dubai instantly come to mind. However, this under-the-radar shopping center in Florida, filled with a plethora of designer boutiques, not only belongs on the list but may move up the ranks with its $550-million renovation.
Already home to an incredible selection of stores and dining choices, including Le Zoo and Makoto, a third level will be added to the Shops, as well as a new attachment with 40 unique boutiques and restaurants, including Burberry, Robert Cavalli, Haremlique, Bally, Vhernier, Aba, Sant Ambroeus and Felice.
The enhancement plan will also provide the community with more than $100 million in public benefits, including millions of dollars for a new local waterfront park, improvements to Village infrastructure, and nearly two acres of untouched land for the Village.
An autograph Signature Bridge construction —The Fountain — will hold up a key segment of I-395 over NE 2nd Avenue and Biscayne Boulevard and redefine the Miami skyline with its six sweeping arches. Traversing 1,025 feet across two busy Downtown Miami highways, its most significant angle will fly 325 feet above the ground and extend 650 feet across.
HDR is the engineer of the vision for the bridge and the I-395 roadways. In a team with local partners, HDR also helped create the idea for the Heritage Trail — over 30 acres of public/community slot under the bridge that reconnects areas, including the districts of Overtown, Downtown Miami, Omni, and Edgewater, as a community place. The bridge is anticipated to open in two steps. According to construction calculations, the westbound roadway is scheduled to open in mid-2023, and the entire completion is predicted in 2024.
The overall idea of this bridge is to emphasize the significance of Miami as the hub for the arts and innovations, with this structure as its nexus, creating it a focal point of urban life for all Miamians. The Fountain's architectural design — examined and authorized by the project's Aesthetic Design Committee made up of local stakeholders — is inspired by Miami's world rate as the center of the Americas, and the fountain-like arches are symbolic of Miami as a spot where people from all backgrounds come together and live as a society.
Miami World Center
Miami Worldcenter is a substantial mixed-use development under construction, led by principals Arthur Falcone and Nitin Motwani, cutting across several blocks in the Park West district of Miami, Florida, just north of downtown.
One of the most significant transit-oriented projects in South Florida, Miami Worldcenter is slated to breathe life into 27 acres of vacant land in downtown Miami's Park West neighborhood. The $2 billion project will span ten city blocks and is set to establish a new area with a mix of residential, office, hospitality, entertainment, and retail amenities.
"There have been many projects like Miami Worldcenter, which never got off the land due to a lack of public support. Our group spent years engaging and educating the neighborhood on the way to finally winning approval for our projects and breaking ground," said Nitin Motwani, managing partner of Miami Worldcenter Associates.
Miami Worldcenter has completed 150,000 square feet of retail space, with an additional 130,000 square feet underway. The developers aim to create a vibrant street life along the retail promenades, with European-style outdoor cafés, bars, restaurants, and boutique shops.
Miami Worldcenter's a retail and entertainment areas are designed to prioritize outdoor experiences.
Check out the Best Deals in Luxury Real Estate Downtown Miami
Magic City Innovation District–Little Haiti Miami
Plaza Equity Partners, Metro One, and Lune Rouge are behind Magic City Innovation District, 18-acre walkable development in Little Haiti, one of Miami's most culturally diverse areas. The $1 billion product was authorized for 2,630 residential units, almost 2 million square feet of office space, 100,000 square feet of expo area, 432 hotel keys, more than 344,500 square feet of retailers, and 6,081 parking lot slots.
Along with serving residents, the project intends to attract start-ups and entrepreneurs by concentrating on technology and innovation, art and culture, and health and wellness.
Construction is planned to break ground in 2022. One of the first build to go vertical, the 370,000-square Motorsport Network Headquarters, will have twelve stories. An Arquitectonica-designed residential building on Parcel 11 will also be amongst the first projects to be built. The 349-unit, 25-story luxury residential property will have 13,200 square feet of ground-level retail space.
Waldorf Astoria Residences Miami
To arrive at 1,049 feet and 100 floors, the Waldorf Astoria hotel and residences are set to become
the tallest building south of Manhattan, representing the luxury hotel brand's first flag in the metro area. Developed by a collaboration of PMG, Greybrook Realty Partners, Mohari Hospitality, S2 Development, and Hilton, the skyscraper will rise at 300 S. Biscayne Blvd. in Downtown Miami's Brickell area.
The building will span 1.5 million square feet and deliver 360 luxury condos and 205 hotel keys.
Waldorf Astoria Residences features amenities like a resort-style pool with an outdoor cafe and private cabanas, a private bar/wine tasting room, an autograph restaurant, an all-day brasserie, conference and boardrooms, kids club, 24-hour valet parking, and so much more. Developed by Sieger Suarez Architects, in collaboration with well-known architect Carlos Ott, the tower features nine stacked and offset glass cubes. The designers drew inspiration from 20th-century sculptor Alberto Giacometti.
Sales for Waldorf Astoria Hotel and Residences Miami began in June 2021. The price per square foot of residential units at the Waldorf Astoria Tower is predicted to average $1,500/sq ft. For the 1-bedroom units, pricing starts at $1.1 million. Project sell-out is expected to beat $1 billion.
Miami River Project
In Brickell, The Chetrit Group is a 2.5-city block, a five-phase project named Miami River. Plans call for the design of 1,928 residential units, 330 hotel keys, 197,000 square feet of retail space, and approximately 98,000 square feet of modern office space.
The first two phases received $320 million in construction financing from Madison Realty Capital. Phase I includes a 54-story mixed-use tower, including 632 residential units and a parking garage. In contrast, Phase II is set to enclose two three-story structures delivering 24,000 square feet of commercial space, as well as a populace esplanade and river walk between the Brickell area and Jose Marti Park.
A series of interconnecting trails will bridge the amenity areas with pedestrian connections that allow the flow from one building stage of development to the next, according to Kobi Karp, principal at Kobi Karp Architecture & Interior Design—the architect of the project.
"The idea behind the Miami River development is to put together a unique urban infill on the Miami River which opens up with an amazingly lush, tropical, modern urban and pedestrian-friendly landscape facing the Miami River, which is the highlight of this project," Karp told CPE.
Check out Luxury Real Estate in Brickell.
The Underline project is a 10-mile, 120-acre linear park reshaping the neighborhood below the city's Metrorail. Stretching from Miami River in Brickell to the Dadeland South Metrorail Station, the urban trail is planned to come out in multiple phases through 2025, with the first part—dubbed Brickell Backyard—already available for the public, following a $16.5 million asset.
"Since opening Brickell Backyard less than a year ago, over two million people have visited our gorgeous urban gardens and free Wi-Fi," Meg Daly, president and CEO of Friends of the Underline reported.
When finished, The Underline is set to bring safe biking and hiking trails to the neighborhood, with new lighting, redesigned crossroads, and connections to eight Metrorail stations. About 4,000 trees and bioswales will be planted along the aisle, decreasing the carbon footprint and mitigating stormwater runoff.
Check out the New and Pre-construction projects in Miami.
Miami Freedom Park
Miami Freedom park is a proposed 25,000-seat soccer-specific stadium to be constructed in Miami, Florida, United States, to be the home of Major League Soccer team Inter Miami CF. In the spring of 2022, final permission was given by the city of Miami to build a stadium on the current site of the Melreese golf course, close to Miami International Airport. The decision followed a lengthy procedure in which numerous areas were assumed for the future stadium project. The current plan would open the stadium for the 2025 MLS soccer season.
Contact our Oceanfront Group Team for professional consultation about investment in
Commercial Real Estate in South Florida.
Canopy Bridge South Beach, Miami
The City of Miami Beach will soon become the site of new development, Five Park Residences on Alton Road, bringing a new epic Canopy Park park and a convenient, contemporary pedestrian Canopy Bridge that will cross the busy 5th Street/MacArthur Causeway ramp directing to South Beach. Known as the Baywalk Connector Bridge and developed by Arquitectonica, the project will connect pedestrians to the unique Baywalk on either side and equips options for an ADA-accessible ramp and an elevator to build up access.
Designed by famous French conceptual artist Daniel Buren, the new Canopy Bridge is a walkable piece of art merging the South of Fifth community. A modern artist, Buren is known for creating sculptures and installations, using contrasting colored lines to influence space, and is the brain imagination behind some of the world's most recognizable public works of art.
When completed, the Miami Beach Canopy Bridge will be the beach's most notable landmark, soaring forty feet over Fifth Street. The bridge is a great connector, bringing the larger district into focus and providing an excellent opportunity to explore the energy and spirit of Miami Beach's artistic enclaves.
Don't hesitate to contact our professional Oceanfront Group Team to get information about pre-construction prices at the new development Five Park Residences or Luxury Real Estate in the Miami Beach area.