The Real Deal Miami

Related plans three-tower development in Brickell

Company to close on project site purchase next Monday

December 03, 2013 12:45PM

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Jorge Perez

Jorge Perez

The Related Group plans to build a three-tower mixed-use project at the waterfront Brickell site it is about to acquire, The Real Deal has learned.

Related is scheduled to close on the purchase of 444 Brickell Avenue next Monday for an undisclosed price, the company announced. Previous reports indicated the company had a contract to buy the four-acre site for about $100 million. It intends to develop One Brickell on the two properties.

Plans for One Brickell include 1,200 residential units, a five-star hotel with about 200 rooms and convention space and at least 200,000 square feet of office and retail space. Two prominent architectural firms, Miami-based Arquitectonica and Pelli Clarke Pelli of Connecticut, have been hired to design the towers and commons areas. The 80, 70 and 55-story buildings would total more than four million square feet.

“This is the most important development in the urban core,” Related CEO Jorge Perez said in the company’s written announcement. “One Brickell is the link that will unify the neighborhood by bringing pedestrian-friendly walkways from east Brickell all the way to Brickell CityCentre.”

Related developed the 1,800-condo Icon Brickell complex across the street from the 444 Brickell site, which presently includes an office building with a Capital Grille restaurant on the ground floor. — Eric Kalis

  • trouble7237

    “This is the most important development in the urban core”, I guess if you forget Brickell City Center next door at twice the size..egomaniac..

  • Matias

    I had invest

  • Matias

    If you are going to invest, I suggest you hire the services of Danie R at http://www.floridainvestments.com

  • jake

    Perez needs to stop throwing condos up left and right. He brags about quality and how he has a vision??? Ummm No. He takes investor money and throws towers up all over Miami. Its sad that these buildings are being put up everywhere and most of them have no style. We will have to live with seeing these buildings for a long time and 90% of them are ugly.

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