Related Group affiliate plans project in Brickell

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Related Group affiliate plans condo and hotel project in Brickell By Paola Iuspa-Abbott February 14, 2013 Miami developer Jorge Perez is planning to add hotel rooms and condos to the Brickell area in what would be his third project in Miami’s financial district. A Perez affiliate plans to build 132 hotel rooms and 450 condos near his Icon Brickell, also home to condos and a hotel. One of Icon Brickell’s three towers, completed during the recession, is home to the Viceroy Hotel & Spa. The new project is planned on a 56,090-square-foot parcel at 1300 S. Miami Ave. Perez’s Related Group of Florida subsidiary, PRH 1300 S. Miami Avenue LLC, acquired the site for $18.5 million late last year. The price tag included approvals to build 600,000 square feet of residential space and about 50,000 square feet of retail and office space. But PRH won’t be using the inherited site plan approval obtained under the city’s former zoning code for the Infinity II condo project. Instead, the developer plans to redesign the project to meet the criteria required under the city’s revised zoning code, dubbed Miami 21. “It is our understanding that the project is going to be coming in as of right under the Miami 21 code,” said Luciana L. González, assistant to the director of the Miami Planning Department. “In other words, they are redesigning it and submitting under existing regulations rather than using their vested rights.” González said her department hasn’t seen any plans yet. Related executives didn’t reply to a request for comment by deadline. Related’s proposal was revealed in an agreement PRH signed with the Miami-Dade County Water and Sewer Department to connect future pipes to the county’s infrastructure to serve the condos and hotel. The planned high rise also would include 16,755 square feet of restaurant space and 3,174 square feet of retail space… via Related Group affiliate plans condo and hotel project in Brickell.

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