One Thousand Museum developers acquire project site

Regalia Group brought in as partner on Zaha Hadid-designed condo tower

Aug.August 25, 2014 09:45 AM

The developers of the Zaha Hadid-designed One Thousand Museum tower closed on the purchase of the downtown Miami site and brought in Regalia Group as a project partner.

Louis Birdman and Gregg Covin’s 1000 Biscayne Tower LLC purchase the two-property site for a combined $36 million in cash, according to Friday’s written announcement from a project spokesperson. The 62-story, 83-unit One Thousand Museum is the first Hadid-designed skyscraper planned in the Western Hemisphere. Condos will range in size from 4,600 square feet to more than 10,000 square feet.

The partnership with Regalia was formed in May. Regalia just completed a 46-story luxury condo tower in Sunny Isles Beach.

“The Regalia Group had the capital and resources to enable it to successfully complete Regalia,” Birdman said. “With the added strength of Regalia’s financial resources and experience in the luxury high-rise market, One Thousand Museum’s successful completion of the Zaha Hadid-designed tower is assured.

Harvey Daniels of ONE Sotheby’s International Realty is exclusively handling sales for the project, which is more than one-third presold. Construction of the tower could begin as soon as this fall. — Eric Kalis

Related Articles

Renderings of the project with Yair Levy

Diamond in the rough? Downtown Miami Metro Mall to get $35M makeover

Moishe Mana and 201 Southwest First Street (Credit: Google Maps)

Mana buys more land in downtown Miami for master plan

One Thousand Museum and Ravichandra Saligram 

Consumer conglomerate CEO buys condo at One Thousand Museum

Zaha Hadid and One Thousand Museum (Credit: Getty Images)

PHOTOS: Inside Zaha Hadid’s Miami tower

Olympia Theater (Credit: Getty Images)

Maurice Gusman heirs sue city of Miami to regain ownership of Olympia Theater

Rendering of downtown Miami courthouse to be built by Plenary Group and Miami-Dade County

All rise: Miami-Dade commissioners approve $267M downtown Miami courthouse project

Moishe Mana and 25 West Flagler Street

Moishe Mana buys City National Bank building in downtown Miami

One Thousand Museum and Krinos owner Eric Moscahlaidis

Krinos Foods owner revealed as buyer of One Thousand Museum condos