Related’s Auberge Residences wins board approval
Project will include three towers of 59 and 49 stories, with a total of 1,378 units
September 17, 2015 12:45PMBy Francisco Alvarado
Rendering of Auberge Residences Miami
Miami’s Urban Development Review Board on Wednesday afternoon signed off on Related Group’s three-tower mixed-use project at 1400 Biscayne Boulevard.
Board members unanimously approved several design waivers the developer sought for the 2.8 acre project called Auberge Residences Miami, including requests to reduce the number of parking spaces since the site is in close proximity to a pair of Metromover stations and increase the number of loading berths for service vehicles.
Related along with its partners acquired the property for $57.3 million last year and have already started advertising for Auberge Residences, which will rise right next door to the Adrienne Arsht Center for the Performing Arts’ Knight Concert Hall. Related teamed up with Auberge Resorts, which will manage the project once it’s completed. Related and Auberge are also co-developing the Auberge Residences & Spa in Fort Lauderdale.
During a presentation, the project’s architect and Arquitectonica founder Bernardo Fort-Brescia displayed renderings showing two 59-story towers with 808 total units facing Biscayne Boulevard, while a 49-story tower with 568 units will rise on Northeast Second Avenue. The three towers are connected via an eleven-story podium which will include retail and restaurant space, amenities, and 1,629 parking spaces.
“The building will create activity on the ground floor and provide places people can have dinner before or after a show at the performing arts center,” Fort-Brescia told board members.
Auberge will fall into the luxury category, with prices that will average in the low $700s per square foot, according to Related’s condo division president Carlos Rosso. Units will have private elevators, among other high-end features. Related’s attorney Iris Escarra, a shareholder with Greenberg Traurig, told the board that the developer has not decided if the three towers will be built at the same time or in phases.
Source: The Real Deal