PMG, E11even Partners plan 65-story condo-hotel tower in downtown Miami

65-story tower to include 400 units, multi-level pool club

Miami /
Jan.January 21, 2021 06:10 PM
Renderings of the project with Michael Simkins and Ryan Shear (PMG)

Renderings of the project with Michael Simkins and Ryan Shear (ArX Solutions, PMG)

The popular nightclub E11even Miami is getting into branded condo and hotel development.

Property Markets Group and E11even Partners, led by Michael Simkins, are partnering on E11even Hotel & Residences, a planned 65-story, 400-unit tower in Park West, a neighborhood northwest of downtown Miami, The Real Deal has learned.

PMG and E11even Partners tapped Sieger Suarez to design the skyscraper, and Avro Ko to handle interiors, according to marketing materials obtained by TRD. Units will range from studios to two-bedrooms, plus a penthouse collection. The condos will be fully furnished. Sales are being handled in-house.

The tower, which is expected to rise near the nightclub at 29 Northeast 11th Street, will include the multi-level E11even Day Club and pool, that will span 20,000 square feet and will feature cabanas, temperature controlled plunge pools, and a 2,200-square-foot pool. It is planned to also have a gourmet food hall, wellness center, sports lounge, beach club and art installations.

PMG declined to comment through a spokesperson.

The condo-hotel joins a number of other similar projects in Greater Downtown Miami that offer hotel rental programs and short-term rental options.

Turkish development firm Okan Development Group plans to develop Okan Tower, a 70-story hotel and condo tower in Miami’s Arts & Entertainment District. In 2019, the developers of YotelPad Miami announced that their project, a 31-story tower with 231 condos and 222 Yotel rooms, was sold out. YotelPad, at 227 Northeast Second Street in downtown Miami, was built by David Arditi’s Aria Development Group and Kuwaiti real estate company AQARAT.

PMG, led by managing partners Kevin Maloney and Ryan Shear, has a number of developments in South Florida. The firm completed the 639-unit Society Las Olas in Fort Lauderdale, and is working on the Waldorf Astoria Hotel & Residences Miami, a 98-story luxury hotel and condo tower planned for 300 Biscayne Boulevard in downtown Miami.

In December, PMG paid $11.5 million for more land for its planned Society Wynwood project at 2407 Northwest Second Avenue, where it plans to build an apartment complex with partner Greybrook Realty Partners.





    Related Articles

    arrow_forward_ios
    From left: Property Markets Group's Ryan Shear, Kevin Maloney and Dan Kaplan with Elser Hotel & Residences
    PMG, Greybrook score $235M refi of downtown Miami project
    PMG, Greybrook score $235M refi of downtown Miami project
    Deerwood Town Center at 12085-2107 Southwest 152nd Street in Miami-Dade County, One Biscayne Tower at 2 South Biscayne Boulevard in Miami and 2990 Ponce office building in Coral Gables with Gildenson Real Estate's Eduardo Gildenson and CP Group’s Angelo Bianco (Google Maps, Gildenson Real Estate, CP Group)
    Lease roundup: Quest takes space at One Biscayne Tower & more
    Lease roundup: Quest takes space at One Biscayne Tower & more
    Black Lion's Robert Rivani with One Thousand Museum
    Robert Rivani’s Black Lion snags One Thousand Museum restaurant space
    Robert Rivani’s Black Lion snags One Thousand Museum restaurant space
    Moishe Mana, 48 East Flagler Street (left) and 76 East Flagler Street (right) (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images and Google Maps)
    Moishe Mana’s downtown Miami tenants allege fraudulent eviction
    Moishe Mana’s downtown Miami tenants allege fraudulent eviction
    From left: CIM Group’s Shaul Kuba; Miami Worldcenter Associates' Nitin Motwani and Art Falcone; Miami Worldcenter (Miami Worldcenter Associates, CIM Group)
    Lease roundup: Miami Worldcenter, Banyan Street nab tenants
    Lease roundup: Miami Worldcenter, Banyan Street nab tenants
    Back to school: Aging college campuses draw developers
    Back to school: Aging college campuses draw developers
    Back to school: Aging college campuses draw developers
    (Getty)
    Here are the resi projects planned for downtown Miami
    Here are the resi projects planned for downtown Miami
    David Schwartz and Martin Nussbaum with rendering of Namdar Towers (Slate Property Group)
    Namdar nabs $195M loan for downtown Miami apartment towers
    Namdar nabs $195M loan for downtown Miami apartment towers
    arrow_forward_ios

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

    Loading...