One Thousand Museum developers acquire project site

Miami /
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

arrow_forward_ios
Saeed Amidi and Moishe Mana (Getty, iStock)
Plug and Play to open downtown Miami office
Plug and Play to open downtown Miami office
Renderings of the project with Michael Simkins and Ryan Shear (PMG)
PMG, E11even Partners plan 65-story condo-hotel tower in downtown Miami
PMG, E11even Partners plan 65-story condo-hotel tower in downtown Miami
Blackstone's Jon Gray and 2MiamiCentral (Getty)
Blackstone inks lease at MiamiCentral in downtown Miami
Blackstone inks lease at MiamiCentral in downtown Miami
 Miami Worldcenter Associates developers Art Falcone and Nitin Motwani and RPC’s Dan Kodsi with a rendering of the project (Royal Palm Companies)
Dan Kodsi’s firm pays $34M for site of 50-story tower at Miami Worldcenter
Dan Kodsi’s firm pays $34M for site of 50-story tower at Miami Worldcenter
Photo of the new Aston Martin DBX and the Aston Martin Residences (Aston Martin)
Aston Martin Residences unveils DBX SUV, included with purchase of luxury condo
Aston Martin Residences unveils DBX SUV, included with purchase of luxury condo
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
Blackstone's Jonathan Gray and Stephen Schwarzman (Getty, iStock)
Blackstone to open office in South Florida
Blackstone to open office in South Florida
arrow_forward_ios

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

Loading...