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Front Page » Top Stories » Developer Contracts 35 Million Site For Rental East Of Brickell

Developer Contracts 35 Million Site For Rental East Of Brickell

Written by on May 9, 2002

By Paola Iuspa
miami-dade seeks to block state assistance for firm moving to broward third publix, retail, restaurants due in $70 million west brickell center prospects for one brickell square sale auspicious, say area brokers developer contracts $3.5 million site for rental east of brickell despite increasing terrorism at home, israeli trade mission heading to florida dollar incentives seen needed to refuel miami-dade’s film industry donald trump just one of many players in popularity of northern miami beach calendar of events fyi miami filming in miami front page about miami today put your message in miami today contact miami today job opportunities research our files the online archive order reprints developer contracts $3.5 million site for rental east of brickellBy Paola Iuspa

The Related Group of Florida hopes to build a 22-story residential rental tower on 1 acre between Brickell Avenue and Biscayne Bay.

The location includes the former site of Dr. James Jackson’s historic Miami home. The 102-year-old home was demolished a year ago after a fire led the city to condemn the building.

Oscar Rodriguez, assistant vice president of The Related Group, known for building luxury condos, said construction of the $30 million Brickell Bay Tower at 186 SE 12th Terrace could begin early next year. The Related Group’s contract to buy the land expires May 23, Mr. Rodriguez said, with an asking price of $3.5 million.

The design requires approval by the city’s planning department, but the proposal shows one tower with 138 apartments and 155 parking spaces. Mr. Rodriguez said some of the units are planned as hotel suites.

Neighbors have not opposed the proposal but Nelly Zamora, of Point View Association, which represents many homeowners east of Brickell, said residents are worried about the amount of construction between 12th and 14th streets and the increase in parking problems, litter and traffic.

"We are willing to work with developers," she said, "if they are willing to address issues like parking, traffic, signs, dust and noise."

Other residential projects under construction or planned for the east Brickell area include three by developer Tibor Hollo on Brickell Bay Drive. Those are the 645-unit Brickell Bay Plaza, a 347-unit rental building and a third one, now in design stages, planned for 3 acres. The 48-story Jade at Brickell Bay is also in the planning phase on the same street and a 152-unit residential tower has been proposed for 14th Street.