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South Florida

Related to pay Miami $15M for extra density at One Brickell

Rendering of One Brickell
Rendering of One Brickell

The Related Group is paying the city of Miami $15.5 million for extra density in its One Brickell project.

The developer is purchasing an extra 868,399 square feet of development rights. Various projects have recently made use of a city program that allows for the transfer of development rights from historically designated properties. 

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Located at 444 Brickell Avenue, the project will have three towers, starting with a 480-unit, 75-story condo building and a 55-story tower with 500 rental units, according to The Next Miami.

The last building will be an 80-story tower featuring 249 hotel rooms and 420 condo units, the site reports. [The Next Miami] – Chris Guanche

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