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
December 04, 2014 05:00PM

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