Two Roads seeks approval for Edgewater mega-project
Developer is proposing three luxury condominiums, including an Edition-branded high-rise
UPDATED, March 16, 10:45 a.m.
A mega-project that would add another 705 condos to Miami’s Edgewater neighborhood is up for a key city vote tied to its design.
The Miami Urban Development Review Board on Wednesday will consider approving a three-tower development that includes an Edition-branded condominium at 2121 North Bayshore Drive.
Two Roads Development, a Miami-based and West Palm Beach-based firm led by Reid Boren and Taylor Collins, is proposing to build the project on a 3.5-acre waterfront site with roughly 800 feet of frontage on Biscayne Bay.
In September, Two Roads unveiled its plans to develop the Edition Residences, a 55-story luxury high-rise with 185 condos. The other two proposed condominiums, with a combined 520 units and rising 56 stories each, are as yet unnamed.
Last year, Two Roads acquired a majority of the units at Biscayne 21, an existing condominium completed in 1964 at 2121 North Bayshore Drive in Miami. Two Roads paid roughly $150 million. The developer intends to demolish the older building, and applied to Florida’s division of condominiums in November to terminate the Biscayne 21 condo association, records show.
Two Roads hired Miami-based Arquitectonica to design the three new towers, as well as a 13-story parking garage. The development would also include 8,433 square feet of commercial space and 45,000 square feet of amenities, according to the site plan.
Two Roads is requesting that the review board grant six waivers, including the elimination of 347 parking spaces, a 10 percent reduction in the space between two of the towers, and allow two driveways spaced less than 60 feet apart at the northeast corner of the project.
In 2008, hotelier Ian Schrager and Marriott launched the Edition brand, and the properties include the Miami Beach Edition hotel. The property also has residential units on the top two floors of the hotel and an adjacent 18-story condominium. However, the planned Edition Residences in Edgewater would not have a hotel component.
Two Roads also developed two other condominiums in Edgewater: the 52-story Biscayne Beach and the 57-story Elysee Miami.