Brickell tower planned for Burger King site scores approval

Miami /
Feb.February 22, 2017 01:30 PM

A city of Miami board recommended approval of another Brickell high-rise near Brickell City Centre. 

The Karam Group is planning to develop the property at 10 Southwest Eighth Street, which is currently home to a Burger King-anchored shopping strip at 10 Southwest Eighth Street into a 78-story, 392-unit mixed-use tower.

The Miami Urban Development Review Board voted to recommend approval of “18” at its meeting last week. The development team is now working to bring in tenants, a spokesperson told The Real Deal.

Karam, led by principals Simon and Antoine Karam, hired Claro Development as a project manager and representative. The building is near the Related Group’s Brickell Heights and SLS Lux, three new high-rise towers, and Brickell City Centre, which includes two condo towers, a 40-stort hotel, an office building and a 500,000-square-foot mall.

As planned, Karam’s “18” will have 392 condos, 66,618 square feet of retail space on four floors, 464 parking spaces and bicycle parking. The LEED Silver building is being designed by Nichols Brosch Wurst Wolfe & Associates, and secured FAA approval for 960 feet.

Karam affiliate 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. The developer also owns more land in Brickell, Miami Beach and a shopping center on U.S. 1 and 67th Avenue in Miami.

Claro Development, led by Ray Lastra and Sandor Scher, is active in Miami Beach. Claro plans to redevelop Ocean Terrace in North Beach into a mixed-use project with hotel, retail and residential components.


Related Articles

arrow_forward_ios
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
Ugo Colombo with renderings of the project. (Getty)
Ugo Colombo’s CMC Group sells Brickell Flatiron sales center to Argentine investors
Ugo Colombo’s CMC Group sells Brickell Flatiron sales center to Argentine investors
Six people who were previously employed by Four Seasons Miami are going after the hotel in a class action labor suit. (Getty, District Court of Southern Florida, WikiMedia / Averette)
Four Seasons in Miami leaves staff on “perpetual furlough” to avoid severance pay: lawsuit
Four Seasons in Miami leaves staff on “perpetual furlough” to avoid severance pay: lawsuit
(Photos courtesy of Miami Historic Preservation, Smith Aerials, Colliers)
Development site near MiamiCentral hits the market
Development site near MiamiCentral hits the market
Alliance Residential Company CEO Bruce Ward and 6595 Morikami Park Road (Google Maps)
Alliance Residential buys site, scores $46M construction loan for senior apartments in Delray Beach
Alliance Residential buys site, scores $46M construction loan for senior apartments in Delray Beach
Arbor Management Acquisition Company heads Ivan Kaufman and Maurice Kaufman with a rendering of Aventura Park (Anillo Toledo Lopez, iStock)
Arbor Management buys multifamily dev site near Aventura for $10M
Arbor Management buys multifamily dev site near Aventura for $10M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Cain International's Jonathan Goldstein, OKO Group's Vlad Doronin and the Brickell condo renderings. (Getty, OKO Group & Cain International)
Billionaire Vlad Doronin, partner score $128M construction loan for Brickell condo tower
Billionaire Vlad Doronin, partner score $128M construction loan for Brickell condo tower
arrow_forward_ios

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

Loading...