3 New Highrise Condo Towers Proposed For Greater Downtown Miami, FL

Manuel Grosskopf

MIAMI, FL -- With at least 32 new condo towers already proposed for Greater Downtown Miami, developers are planning three more projects - each at least 55 stories tall - to be built on vacant sites north of the Miami River in the city's central business district as the South Florida real estate market shows signs of recovering from the crash of 2007, according to a new report from CondoVultures.com. 

Developers are in the early stages of planning a trio of towers - with an undetermined number of units to be located in the 600 block of Biscayne Boulevard, the 700 block of Biscayne Boulevard, and at 24 SW Fourth St. on the north bank of the Miami River, according to the respective developers. 

Harvey Hernandez

With the newly proposed projects in Greater Downtown Miami, developers are now proposing at least 145 new towers with nearly 19,500 units in the tricounty coastal region of Miami-Dade, Broward, and Palm Beach some as of July 19, 2013, according to the Cranespotters.com Preconstruction Condo Projects Database™ compiled by the licensed Florida brokerage CVR Realty™.

In Greater Downtown Miami, the Chateau Group has started planning a pair of towers that will each stand more than 60-stories tall on neighboring development sites at 600 and 700 Biscayne Blvd. next to the Freedom Tower and across from the American Airlines Arena, developer Manuel Grosskopf said.

Freedom Tower

Detailed plans for the pair of Biscayne Boulevard towers - which are expected to be mixed-use in nature - are unlikely to be finalized before 2014 as the Chateau Group is currently working on a pair of project - Chateau Beach in Sunny Isles Beach and Chateau Ocean in Surfside - on the barrier island in Northeast Miami-Dade County, Grosskopf said.   

The third newly proposed Greater Downtown Miami project - a yet-to-be-named tower planned by the Newgard Development Group - is slated to stand 55-stories tall - originally planned as the CIMA tower during the last real estate boom - on a vacant site bordered by the Miami River on the south, the Wind condo on the north, South Miami Avenue on the east, and the Mint condo on the west, developer Harvey Hernandez wrote in an email.

The tower is slated to exclusively be a condominium but the number of units has not yet been finalized, Hernandez said.

BrickellHouse rendering, Downtown Miami

Newgard Development - which is currently constructing the BrickellHouse tower and preselling the proposed Centro condominium in Greater Downtown Miami - has obtained approval from the FAA to erect cranes to build a 610-foot-tall tower beginning as soon as December 2013, according to government records.

               

For a complete copy of the company’s news release, please contact:

Condo Vultures® LLC

225 Midtown Building

225 NE 34th St.,

Suite 209B,

Downtown Miami, Florida, 33137.

800-750-0517.