Miami River in the Plans of Experienced Developers

Miami River in the Plans of Experienced Developers

Miami River area might experience a transformation similar to the change the Chicago River area undertook 30 years ago.  Chicago River became a chic, cultural hub filled with art galleries, antique stores, boutiques and of course urban professionals.  Boasting Chicago’s highest concentration of restaurants, this small neighborhood has become a favorite destination for locals and tourists alike. We’ll keep watching what would eventually develop here. What we know for now is that very well renowned developers have built already a handful of towers along the river and that other developers are planning to build more luxurious water front residential towers.

 

New York Chetrit Group is planing to bring four 60-story towers to the Miami River. The towers would include a marina, 300-room hotel and 1,449 condo units.

Dubbed the Miami Riverwalk, the buidlings would sit on a 6.5-acre area bordered by the river, Southwest Seventh Street, Southwest Third Avenue and Southwest Second Avenue, according to Miami Today. 

The plan also calls for retail, some office space, a riverfront restaurant, a public river walkway, other green spaces, a small marina and parking garages.

The plans were reviewed last week by the Urban Infill & Greenways Subcommittee of the Miami River Commission. Committee Chairman Jim Murley was pleased by the presentation, but said he didn’t feel the time was right for an advisory vote to the full river commission, according to Miami Today.

The committee learned also learned that Chetrit recently hired a landscape architect and a firm to evaluate the need for a new seawall, meaning that there is still further design work coming. * Miami Today.

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