Michael and David Adler’s firm will be moving forward on a 36-story multifamily tower near the Miami River.
On Nov. 15, the Miami Urban Development Review Board greenlit the Alder Group’s proposal for Nexus Riverside 1B building with 345 apartments atop a 393-space garage at 230 Southwest Third Street. Board members, who have an advisory role, as final approval rests with the city zoning administrator, recommended that Adler extend a planned mural onto a second façade and tweak the greenspace design.
The tower’s plans show a “geometric design called ‘the fragmented river’”, Benjamin Eliansky, COO of Chalk And Brush, told the board. “The fragmentation is a representation of each different community and ethnicity in the city of Miami.” That theme will also be represented through a mural by Chalk And Brush Design.
The project represents a switch from a previous plan for a new city administration complex on the site.
Adler paid $14.3 million for the 0.7-acre site in 2015, according to records. In 2016, it won a city solicitation to lease and develop Miami Riverside Center city administration complex at 444 Southwest Second Avenue, directly south of the Nexus Riverside 1B site. As part of the agreement, Adler was to build a new city headquarters at the Southwest Third Street site.
In recent years, however, Miami officials decided against a new administration building near the river and chose another site. Records revealed commissioners approved plans in September for city headquarters to rise on a portion of the closed Melreese golf course at 1802 Northwest 37th Avenue. The new administration complex would be next to the planned Miami Freedom Park mixed-use complex, which will include a 25,000-seat InterMiami soccer stadium. Adler will develop the project on behalf of the city.
Adler’s bet on the Miami River area extends beyond the planned Nexus Riverside 1B. Directly east of the project site, the firm and Mill Creek Residential are developing Modera Riverside residential tower with over 400 units at 300 Southwest Second Avenue.
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Here's what's next for Adler Group’s Miami River project
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Miami commissioners approve Adler’s mixed-use project on city property
Interest in developing along the Miami River is on the rise. More than 10,500 condo and apartment units are in various stages, from proposals to nearly completed construction, according to The Real Deal’s analysis this month.
Harvey Hernandez, through his Newgard Development Group, is developing the 44-story Lofty Brickell condo tower and a 43-story residential building at 99 Southwest Seventh Street. Next, the firm plans a 59-story, 169-condo tower on the same site.
Gencom and Hyatt will redevelop the James L. Knight Center and adjacent hotel with a 1,049-foot supertall with 860 apartments and a pair of 61-story towers with 682 rentals and a new 615-key hotel. The project, called Miami Riverbridge, will rise at 400 Southeast Second Avenue.