The Real Deal Miami

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

Project to include three towers with condos, rentals and hotel
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. 

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