Edgewater rising as Miami’s next trendy district

Miami /
May.May 13, 2013 03:00 PM

The revival of construction in Edgewater is turning a once-blighted Miami neighborhood into the next hip spot, the Miami Herald reported. As property values steadily climb, developers have been launching several high-rise condominium and apartment projects.

The bayfront neighborhood, offering views of Biscayne Bay, unofficially spans Northeast 17th Street north to the Julia Tuttle Causeway at 36th Street and from Biscayne Bay west to the railroad tracks. Developers are drawn to the permissive zoning that allows for high-rise buildings, and the proximity to the also trendy Wynwood and the Design District.

Restaurants and shops are popping up, and longtime drug hangout Margaret Pace Park cleaned up its act.

The Related Group broke ground last month on luxury condo Icon Bay at 428 Northeast 28th Street. Pre-sales started last September and the building “is basically sold out,” Carlos Rosso of Related told the Herald.

New York-based real estate private-equity firm GTIS Partners and West Palm Beach-based Eastview Development are planning a 42-story, 394-unit condo tower on a 2.65-acre site between 29th and 30th streets they bought in March. The Melo Group has lined up seven condo projects across a roughly four-block radius. [Miami Herald]Mark Maurer


Related Articles

arrow_forward_ios
Jorge Perez and Jon Paul Perez with Terminal Island (Getty, iStock)
Related gets height increase needed for Terminal Island office project in Miami Beach
Related gets height increase needed for Terminal Island office project in Miami Beach
Rendering of the Dorsey with Alex Karakhanian, Jon Paul Perez and Tricera’s Scott Sherman and Ben Mandel (iStock)
Related scores $88M construction loan for Dorsey project in Wynwood
Related scores $88M construction loan for Dorsey project in Wynwood
Stiltsville (Wikimedia Commons)
One of few remaining Stiltsville homes destroyed in fire
One of few remaining Stiltsville homes destroyed in fire
 Jeff Blau and One Ocean (Getty)
Related Cos. CEO Jeff Blau sells Miami Beach condo
Related Cos. CEO Jeff Blau sells Miami Beach condo
From left: Jon Paul Pérez, Gil Dezer and Matt Allen with an aerial view of 1174-1185 Hillsboro Mile (Google Maps)
Dezer, Related Group team up on waterfront Hillsboro Beach project
Dezer, Related Group team up on waterfront Hillsboro Beach project
Longtime executive Carlos Rosso leaves Related Group (Getty)
Carlos Rosso parts ways with Related Group
Carlos Rosso parts ways with Related Group
Placeholder image
Miami board approves plans for Related, Crescent Heights towers and rejects Melo’s proposal
Miami board approves plans for Related, Crescent Heights towers and rejects Melo’s proposal
Jon Paul Perez and Russell Galbut with renderings of the projects
Related, Crescent Heights and Melo Group seek approval for Miami projects
Related, Crescent Heights and Melo Group seek approval for Miami projects
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...