BAP set for party to mark start of Summit Brickell Grand
Development plans a party to break ground tonight (6/22) for Summit
Brickell Grand, a mixed-use project that may bring the first new retail
development to West Brickell since Harvey Taylor's Publix center on
$51 million project a joint development with Summit Properties
will take up most of the block between Southeast 10th and 11th
streets on the west side of South Miami Avenue.
Pino, executive vice president of BAP, says the project will contain
21,000 square feet of retail and 405 apartments.
whose principals include Willy Bermello and Luis Ajamil, is a separate
entity from the architectural firm of Bermello Ajamil & Partners,
which designed the project, Mr. Pino says.
says this is the first urban project Summit Properties has been involved
are a large real estate investment trust," he says, "and
have a good presence in the garden apartment market."
Four and Rosinella, two successful restaurants fronting South Miami
Avenue, will remain standing, he says. The vacated storefront between
them, former home of Il Palio restaurant, will serve as site office
that, he says, there's room for two more restaurants, one on South
Miami Avenue and one on 10th Street, that will preferably be leased
to national chains.
Realtor Jacque Huttoe, who is marketing the retail space, says she
is in negotiations with several possible tenants. She says there's
no retail theme contemplated for the site.
residential units range from 800-1,150 square feet, Mr. Pino says,
and will rent for $1,100-$1,500 monthly.
designed as a closed environment," he says, "and will be
built in a U-shape around a pool."
in this gated community will include balconies, a recreation deck
with a gym, a pool, an atrium and card access to parking garages.
targeting middle-income professionals," he says, "who can't
afford the rentals on the water but do want to live in the downtown
project is within close walking distance to the Brickell Metrorail
and Metromover stations.
the groundbreaking ceremony is symbolic, Mr. Pino says the dirt will
begin to fly as soon as permitting comes through possibly as
early as next week. With an 18-month build-out, that could easily
put Summit Brickell Grand well ahead of competitive retail projects
announced for West Brickell.
which plans a 175,000-square-foot retail center next door between
Ninth and 10th streets, has not yet announced a start date. Principals
have said retail in that development will cater to homeowners.
first phase of Brickell Village Terremark's 11-acre retail
and entertainment complex between the Miami River and Southwest Eighth
Street, South Miami Avenue and the Metromover line is to break
ground later this year.
Station, Harvey Taylor's mixed-use development just east of Publix
on Coral Way, is in for permitting. It will have about 60,000 square
feet of retail. Mr. Taylor says a joint development with developer
Marty Taplin on the east side of Coral Way is on hold.
puts us in a good position," Mr. Pino says. "We are on the
Southwest 10th Promenade the city is implementing that will have wide
sidewalks and trees lining the streets. Our project falls right into
Allen, executive director of the Downtown Development Authority, called
the Summit Brickell Grand "a perfect Brickell Village project.
exactly what we need," she says. "The design is great. The
city will probably make close to half a million dollars in taxes from
it, so it's a win-win."
Lend Lease is general contractor.
BAP Development, (305) 859-2050; Arvida Realty, (305) 667-4815. negotiations
with several possible