Tuesday, February 11, 2020

Midtown Atlanta Project to Change a Full City Block

A massive, multi-pronged project will be swallowing an entire block of prime Midtown Atlanta real estate.

Sited along one of the city’s most active development corridors, Selig Development’s $530 million 1105 West Peachtree mixed-use development is commencing, with major construction milestones on the horizon.

Construction of the 3.5-acre, multi-tower project is scheduled to wrap in by the end of next year.

Google is set to make 1105 West Peachtree its Southeast headquarters, claiming five floors of the planned 31-story office tower.

The Smith, Gambrell & Russell law firm is also taking five floors for its new offices.

Also on the docket is a 178-key Marriott Autograph Collection Epicurean Hotel that Selig reps announced in October.

“We’re currently working with our hotel partners and retail team to fine-tune the office lobby food and beverage service, which will excite Midtown residents, office workers, and visitors alike,” the developer said.

The project, located between MARTA’s Midtown and Arts Center train stations, will also include a 64-unit luxury condo tower called 40 West 12th.

 “We are pleased with the condo sales we have had thus far,” a spokesman for Selig said. “We believe 40 West 12th is hitting on the pulse of what in-town Atlanta condo buyers are looking for, and that’s a high-end product that’s understated yet refined and has access to all the great amenities the project, and Midtown as a whole, have to offer.”

Lastly, at the ground floor, expect some 25,000 square feet of retail space.

Selig has tapped Rule Joy Trammell + Rubio as the design architect and architect of record and Brasfield & Gorrie as the general contractor.

Tuesday, February 4, 2020

Making Way for Tallest Building on Florida’s West Coast

The demolition of a six-story building in Tampa marks the start of work on a mixed-use condominium project that will become the tallest building on Florida’s west coast.

The new structure replacing the CapTrust building on the Southwest corner of Ashley Drive and Whiting Street will be 53 stories tall, with the title, Riverwalk Place. It has an estimated $350 million construction cost.

Feldman Equities, Inc. and Two Roads Development are the owner/developers. Gensler designed the structure, while Adache Group is building’s architect.

“We are thrilled to show these designs to the Tampa community and are excited for Riverwalk Place to become an icon that Tampa will present to the world,” Gensler said. 

“From the outset, our goal was to do more than just design another tall building. We wanted the project to activate the Riverwalk and contribute to the urban landscape of downtown Tampa.”

The building’s ground floor will be merged with the neighboring MacDill Park, complete with a 450-foot promenade, featuring restaurants and shops, designed to encourage pedestrian connectivity and engagement.

Thursday, January 23, 2020

Skyline Altering Tower Slated for Midtown Atlanta

Atlanta is preparing for major construction projects that could make the Midtown area taller, denser, and more pedestrian-friendly.

Most notably, developer Trillist has big plans for its long-anticipated 1138 Peachtree Street development.

The project will create a 46-story, residential-heavy mixed-use tower at a nearly one-acre site where a handful of high-rise projects—such as a Mandarin Oriental hotel—have fizzled over the years.

Midtown Alliance officials noted the tower could ascend more than 550 feet, potentially ranking it among Atlanta’s top 15 tallest buildings—and the highest built in more than a decade. 

In the works since 2013, the Trillist development will feature 317 luxury apartments and about 10,000 square feet of ground-level retail space fronting Peachtree Street and Crescent Avenue.

The project will also include a nine-floor parking deck with 450 spaces.

Midtown board members raised concerns about how the parking deck’s facades would fit against the community’s urban backdrop, and about how the retail space would engage passersby.

“The retail space within the ground floor of the Crescent frontage does not meet minimum depth requirements, nor does the elevation meet requirements which specify the appearance of a horizontally storied building for the first three floors.”

Officials also said Trillist and architects at Smallwood need to further assess the pedestrian connectivity between Peachtree Street and Crescent Avenue.

Also in the works are plans for the Campanile building expansion, which will get underway just across the street from Trillist’s project, at 1155 Peachtree.

The base of the late-1980s office building owned by the Dewberry Group will be wrapped in a six-floor, 125,000-square-foot retail podium. 

In the podium, new floors will align with the existing floors of the office tower to create office floor plates of approximately 45,000 square feet, as well as new terraces on the fourth and sixth floors, which promise sweeping views of outdoor amenity spaces for office tenants.

City officials are focused on designs for the “generous public space” near the tower’s front entrance, along with elements related to the streetscape on all four sides of the block.

Thursday, January 9, 2020

$800M Marriott Coming to Miami Worldcenter

Developer MDM Group has big plans for the Marriott Marquis Miami Worldcenter Hotel & Expo, slated to be the largest hotel in South Florida when it opens in late 2021.

The expo center fronts the four large, curved towers that are very dramatic and vertically oriented. At night, the horizontal stripes on the development will light up. NBWW is the architect on the project.

“Many don’t realize how big it is,” the architect said, citing the Fontainebleau Miami Beach’s 1,500 rooms.

Exhibit space will include a 100,000-square-foot exhibit hall ground floor, a 65,000-square-foot main ballroom, a 45,000-square-foot junior ballroom, 390,000 square feet of other meeting space, and a 10,000-square-foot, 1,500-seat lecture hall — all for a total of 610,000 square feet.

The hotel will be located within steps of Miami Worldcenter’s shopping mall, which will include a Bloomingdale’s and Macy’s. 

The 27-acre development is within a quarter of a mile of All Aboard Florida and Tri-Rail stations.“All Aboard Florida is the linchpin,” the developer said. “This whole area is going through a massive change. We’re excited to be around it.”

Developers received approval from the city of Miami for the first phase, which will include the 765,000-square-foot mall, the 470 unit Paramount Miami Worldcenter condo tower and a newly announced apartment tower. 

The hotel and expo center will generate the need for an additional 2,400 hotel rooms in the area.

Bill Talbert, president and CEO of the Greater Miami Convention & Visitors Bureau, said the development will complement, not compete, with the planned Miami Beach Convention Center renovation and expansion, which includes an 800-room hotel. “These are complementary. Miami Beach has four halls, this has one. There are some folks who want to be in a downtown environment,” Talbert said.

The Marriott brand, he said, “is the No.1 brand in this community. Marriott sells.”

The hotel will offer 1,800 rooms on levels six through 54, and valet parking for 1,094 spaces.

The hotel and expo component is expected to create more than 1,300 permanent jobs, $175 million in annual revenue and $14.8 million in annual city and county tax revenue through 2045.

Thursday, December 26, 2019

Miami's $4 Billion Dream: Build the Largest Mall in America

The American Dream is alive and well in the minds of mega-developer Triple Five Group. The family-owned conglomerate, is preparing to build the nation’s largest shopping mall and entertainment complex on more than 200 acres of former cow pasture by Interstate 75 and Florida’s Turnpike, near Hialeah in northwestern Miami-Dade County. 

The massive $4 billion project is being backed by the developer of the Mall of America in Minnesota, presently the largest entertainment and retail complex in the United States.

Some of the components include a 16-story indoor ski slope, a 20-slide water park, a submarine ride in a man-made salt water lake with an artificial reef, a climate-controlled theme park, a 14-screen 3-D movie theater, a performing arts center, a 2,000-room hotel and much, much more.

The mall would also have 3.5 million square feet of retail space. In contrast, Aventura Mall, the third-largest mall in the U.S. and Florida’s biggest, has 2.7 million square feet of retail.

When completed, American Dream Miami encompass 6.2 million square feet, making it the largest shopping mall and entertainment complex in the United States.

Click to enlarge
The project is expected to create some 25,000 construction jobs, 9,500 permanent jobs, and will provide a historic boost to the county’s economy.

The mega-mall would add $1.36 billion in taxable value and generate $1.6 billion in annual sales of goods, services and leases. That would generate $48.5 million in revenue for local taxing authorities, such as the county and the school board, and $93.6 million in sales tax for the state.

Triple Five Group hopes to break ground in early 2017 and complete the project in late 2019.

The Canadian-based development company is controlled by the billionaire Ghermezian family, which has ventures in real estate development, solar energy, oil drilling, vehicle manufacturing and mining.

This will not be the family’s first super-mall. In 1981, Triple Five built the 5.3 million-square-foot West Edmonton Mall in Alberta. Now the largest mall in North America, West Edmonton Mall has a giant water park, carnival rides, a casino and other forms of amusement.

In 1992 the Ghermezians had co–developed the 4.2 million-square-foot Mall of America in Minnesota, with an aquarium and the Nickelodeon Universe theme park among its features.

The Mall of America is the largest shopping mall in the United States; Triple Five recently broke ground on a $325 million project to expand it further.

Triple Five is also constructing American Dream Meadowlands in East Rutherford, New Jersey, a 4.8-million-square-foot retail and entertainment facility near MetLife Stadium.

Using $2.5 billion in private bond money and $1 billion from the state of New Jersey, Triple Five will be building hundreds of stores, dozens of restaurants, a 12-story-tall ski slope, a 200-foot drop ride, a giant aquarium and a water park.

Thursday, December 19, 2019

Giant Marina Village Project Planned for West Palm Beach

The Related Group is preparing for construction of the first phase of its massive Marina Village complex along the Intracoastal Waterway in West Palm Beach.

The entire Marina Village project is planned for the 19-acre site that includes the Rybovich boat yard.

The city has approved construction of six apartment towers with a combined 1,000 units, 61,500 square feet of office space, 15,000 square feet of restaurants along the water, and 20,000 square feet of retail as well as a public promenade on the east side of North Flagler Drive, from 38th to 42nd Street.

Miami-based Related Group affiliate TRG North Flagler Venture is preparing for construction of the first apartment tower there.

The 25-story residential tower will have 132 units and will be the first piece to come out of the ground. The Related Group is partnering with Rybovich owner Huizenga Holdings on the development.

Located on the 5.1-acre site at 4400 and 4416 North Flagler Drive just north of Rybovich, the building will have a 3,025-square-foot beach club along the water with sand brought in. Miami-based architecture firm Arquitectonica designed the project.

The Marina Village project was approved by the city in 2014, although a lawsuit from a neighbor opposed to the project held it up before that case was resolved in March 2015.

The property was acquired for $9.4 million in 2005 and the Related Group held onto it through the recession.

Marina Village is part of a development boom on West Palm Beach’s North Flagler corridor.

Palm Beach billionaire Jeff Greene is crafting plans for 2,300 residential units and a high-end grocery store on North Flagler Drive about 11 blocks south of Rybovich.

Thursday, December 12, 2019

Children's Healthcare to Build Revolutionary Center for Pediatrics

Children’s Healthcare of Atlanta is preparing for vertical construction on its new Center for Advanced Pediatrics--a revolutionary new pediatric ambulatory care center. The new 260,000-square-foot facility situated at I-85 and North Druid Hills Road in Brookhaven will bring together pediatric clinics and specialists under one roof.

The 8-story outpatient clinical facility will focus primarily on treating children with chronic and complex diseases, and will put complex care specialists, state-of-the-art technology and leading edge research for outpatient pediatric care under one roof for the first time in Georgia.

DeKalb County approved the project in late 2016. The Center for Advanced Pediatrics will house 457 physicians and employees and anticipates managing more than 100,000 patient visits in the first year.

Many patients come to Children’s with complex conditions that require frequent visits to multiple specialists and clinics. These kids and their families face the stress of coordinating with different care teams while also juggling logistics such as parking and traveling from one physician’s office to another.

“The Center for Advanced Pediatrics will be a pediatric destination for the Southeast because it will have both complex care and research capabilities in one facility,” said Patrick Frias, M.D., Chief Operating Officer of Children’s.

“This innovative facility will improve the patient experience and create a destination where much of what these families need medically for their pulmonology, neurology, cardiology and diabetes are just a few of the specialties that will move into the new building, which will be centrally located to Children’s three hospital campuses, Egleston, Hughes Spalding and Scottish Rite.

Almost an entire floor of the new building will be dedicated to treatment and research for breathing and airways, bringing together the areas of pulmonology, allergy/immunology, cystic fibrosis and sleep.

Basic imaging and phlebotomy services will be available in-house for quick and easy access. A pediatric research center in the building will provide a convenient, dedicated location for patients to participate in clinical research trials.

In addition to physician space, the new facility will have state-of-the-art telemedicine capabilities, flexible exam rooms, a teaching classroom and a demonstration kitchen to enhance specific clinical programs. Additional features of the site include gardens and green space around the building and a dedicated parking deck.

The first phase of the project includes constructing a 5-story parking deck, streetscape, landscaping, and building storm water management facilities. Additionally, utilities including the rerouting of sanitary sewer lines and storm water lines will be constructed to accommodate the future development, according to city documents.

The site where the building is going up is located on the property where the former 19-story Executive Park Motor Hotel was located and imploded in 2014.