Developer proposes 78-story Brickell tower on Burger King site

Plans call for 392 residential units, 66,618 sf of retail and parking

TRD MIAMI /
Feb.February 10, 2017 03:45 PM

Developer Simon Karam has submitted plans to the city of Miami’s Urban Development Review Board for a 78-story tower in Brickell.

Karam’s City Center Properties LLC wants to build a mixed-use retail and residential skyscraper on the site of what’s now a Burger King-anchored shopping strip near Brickell City Centre. Between entitlements, permitting and securing approvals, the developer hopes to break ground during the middle of next year, Karam told The Real Deal last month.

He also has FAA approvals for 960 feet for the site at 10 Southwest Eighth Street. It’s also surrounded by the Related Group’s Brickell Heights and SLS Lux, three new high-rise towers. Brickell City Centre, which opened its 500,000-square-foot shops in November, has also added a hotel, two condo towers and office space to the area.

Karam’s plans call for 392 residential units, 66,618 square feet of retail space on four floors, 464 parking spaces and bicycle parking. Karam told TRD the units will be condos. The LEED Silver building is being designed by Nichols Brosch Wurst Wolfe & Associates.

City Center Properties LLC paid $6.1 million for the Burger King retail building, where other tenants include La Sandwicherie, and Chandi Liquors, in 2006. The land totals 34,166 square feet.

Simon Karam and his brother Antoine Karam develop through their firm, the Karam Group. “We try to buy in urban, high-intensity sites,” Simon Karam told TRD last month, when he purchased the gas station at 720 Southwest Second Avenue for $8 million. He also owns the CVS-anchored shopping strip directly behind the gas station, which brings his total on that block to 2.23 acres.

The Karam Group owns more land in Brickell and Miami Beach. In 2014, Simon Karam bought the Sears-anchored shopping center on U.S. 1 and 67th Avenue in Miami.

The Urban Development Review Board will hear the project on Wednesday.


Related Articles

arrow_forward_ios
Steven Hurwitz and Ryan Severino

JLL’s top economist forecasts low probability of a recession

Brickell City Centre (Credit: Wikipedia)

A three-story mini-golf is coming to Brickell City Centre

From left: Carlos Mattos, Nusret Gökçe, Panorama Tower and 999 Brickell (Credit: Getty Images)

Panorama Tower debris damaged building housing Salt Bae joint: lawsuit

Stephen Nostrand and 1548 Brickell Avenue

Historic Brickell Avenue building listed for sale

From top: Miami Produce Center, Mana Wynwood and Magic City Innovation District

Miami board votes to repeal Special Area Plans

2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

Rattan Chadha, Executive Chairman & Founder of CitizenM

CitizenM scores $48M loan to build Brickell hotel

Renderings of Brickell City Centre and Magic City

Miami may be closer to banning Special Area Plans

arrow_forward_ios
Loading...