Two new towers are planned for Edgewater. They’re bigger than you’d expect
Real estate experts predicted residential projects would be smaller and less dense after the emergence of COVID-19, but two projects in Edgewater are bucking that trend.
On deck for the City of Miami’s Urban Development Review Board are an 18-story rental building planned for Northeast 27th Street and Northeast Second Avenue, and a 36-story residential tower at Northeast 18th Street and Northeast Fourth Avenue. The projects were set for review at a Friday meeting that has been postponed.
The 36-story condo, from Lima-based development firm Grupo T&C, would be situated at 1825 and 1837 NE Fourth Ave. The 494,824-square-foot project calls for 322 units and 6,183 square feet of retail space, with 372 parking spaces, 27 bicycle spaces, and meeting LEED sustainability standards. Units would range from a 600-square-foot one bedroom, one bathroom unit to a 1,500-square-foot three bedroom, three bathroom unit. Amenities would include a rooftop pool, garden, outdoor dining area and gym. The developer acquired the land in 2004 for $9 million, according to property records.
Kobi Karp has been hired as the architect.
An 18-story apartment building is being proposed by Tampa-based multifamily development and investment firm 908 Group Holdings. The project would occupy three parcels of land — at 166 NE 28th St., 2728 NE Second Ave., and 169 NE 27th St. — that the firm acquired in 2015 for about $4.73 million. The 198,572-square-foot design features 108 residential units and 4,600-square-feet of retail space. Corwil Architects is designing the project.
Lawyers for the projects — Greenberg Traurig’s Ethan Wasserman and Ryan Bailine for 908 Group Holdings and Carlos Lago for Grupo T&C — could not be reached for comment.
“The pandemic is a bump in the road,” Karp said. “Edgewater has come to its own. There are people walking in the street, running and walking their dogs. It is an optimistic direction that the neighborhood has gone since I moved in in 2005. It will continue to do so because of its location and nearby transportation options.”
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908 Group Holdings is seeking a 30% reduction in required parking; it also seeks to place parking above the first story facing the building’s front.
Grupo T&C also is seeking a 30% reduction in required parking and a permit for above-ground parking along Northeast Fourth Avenue.
“The pandemic played a huge role,” in the project’s design, said Karp. The building includes touchless doors at the entrance, temperature reader in the lobby, eye and voice recognition in the touchless elevators, and eye-recognition technology that can open the door for each unit owner.
Despite its size, Karp said, “The market is going to respond well. Other [towers] in the area have many more units.”
The building is located behind Quantum on the Bay, which has 698 units, and the 1800 Club, which has 469 units.
Real estate experts have widely predicted that residential projects designed in the pandemic era would be downsized to diminish proximity and provide more exclusivity.
This story was originally published September 16, 2020 at 5:30 PM.
