It's official. All three empty lots on the land of Riverfront Condos were sold and highrise construction is planned. This is not a surprise given ambitious plans to develop north downtown. Any empty lot could potentially house a highrise.
On the northwest lot (formerly the dog field), construction has been delayed due to water testing results.
The southeast grassy lot closest to the bridge and Miami River was mentioned in the news where developers originally wanted to build a 90+ story building--the tallest in Miami. But FAA regulations prohibit such a tall building in the air path of airplane jets. The airport is less than 10 miles directly west of these condominiums.
Construction will create significant noise during the daytime, dust for vehicles and windows. Construction will take two years to complete once commenced but there are no scheduled ground breaking dates yet.
Also the former parking lot for Florida Power & Light (FP&L), was sold and another highrise is scheduled for construction. The units of the Mint and Ivy facing north and northwest will lose half or more of their view.
In summary, all three condos will lose views on all sides. Welcome to the Manhattan of Miami.
UPDATE 2018: Good news, the FPL parking lot is now used a parking lot for cruise ship passengers. No highrise. So Ivy Residents facing west still have the best views.
~ ~ ~ ~ ~ ~ ~ ~
If you have purchased or are thinking of purchasing a per-construction condo in Toronto, then I'm sure you have plenty of questions. Here are a few common questions that I am asked by clients regarding purchasing pr-construction real estate.
ReplyDeletePlease visit[http://www.jalilirealty.com] Pre construction Condominiums Toronto
While the exceedingly upset markets like San Diego, will keep on being constrained by abandonments and bunch different headwinds. The littler more preservationist metros will profit by the amazingly low stock levels and ought to begin to see a bounce back in new development action in the coming year. http://ramcolb.com
ReplyDelete