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Icon Biscayne: Related’s new three-tower project

September 09, 2015 05:15PM

Last year, the Related Group paid $57.3 million for a slab of property along Biscayne Boulevard with big plans for development. Now, details about the company’s new project have surfaced.

Icon Biscayne is the name of Related’s project that’s slated for the 2.8-acre site at 1400 Biscayne Boulevard. As first reported by the Next Miami, the development will encompass three towers designed by Arquitectonica. Early renderings show that the three buildings will be connected by a mixed-use parking podium with restaurants and retail space.

At this stage, two of the towers are planned to be 59 stories, with the third 49 stories. The three would house a total of 1,430 units. Related is maxing out the number of allowable units per acre at that property, according to the Next Miami.

The 11-story podium would house 1,629 parking spaces, and the development as a whole would have 1,645,933 square feet of sellable space.

Just this year, Related completed its similarly branded Icon Bay condo tower in Edgewater. The 42-story building began recording transactions on its 299 units in July. [The Next Miami] — Sean Stewart-Muniz

Source: The Real Deal

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