Downtown Miami- Update: 300 Biscayne Boulevard (not to be confused with 300 Biscayne Boulevard Way, a site we did a story on last week) continues to demolish its existing building to make way for a new project. The project, a collaboration between New York’s Property Markets Group and Canadian investment firm Greybook Realty Partners has already secured a $27 million loan for the planning and development of the project.
According to a city of Miami proposal as well as a report by The Real Deal, the complex is set to include 464 units, 670 parking spots and 7,000 square feet of retail and amenities such as an 18,000-square-foot pool deck and a 6,000-square-foot gym. A rental tower has also been proposed in the rear section of the property titled Vice. For now, this all of the information we have. We currently don’t have confirmation on the proposed building’s height, but sources in the story say the developers plan to have this be the tallest building in the city.
Situated between the north tower of the Vizcayne Miami development and the Holiday Inn located at 340 Biscayne Blvd, the site sits right across from Bayfront Park and Bayside Marketplace and make the location extremely desirable. We are yet to have any reports on renderings or an idea on the height of this building but I can say with confidence that a condo building here will have stunning bay and park views. On a personal note, building a new tower alongside Biscayne will always be one I will look with a close eye as it sits right on the area most of my business is based on. I will keep providing updates as more information is made public.
Marcelo Steinmander and The Miami Observer of EWM Realty International are local specialists who work on providing the latest local information. If you would like to buy or sell in Downtown Miami contact us today at 305-305-3885 or send us a message here! We specialize in the Downtown Miami market and our knowledge in the area has already helped dozens of others achieve their real estate goals!