SH Hotels and Resorts

Related Group And GTIS Partners Secure $328M Construction Loan From Bank OZK For 75-Story Baccarat Residences Miami

8:00 am on April 2, 2024 By Oscar Nunez

Related Group and GTIS Partners have secured a $328 million construction loan for the Baccarat Residences Miami, a 75-story luxury condominium tower at the gateway of Brickell Avenue. The financing, arranged by Berkadia South Florida, supports the development of the 848-foot-tall skyscraper, which is currently under construction at 99 Southeast 5th Street and is expected to be completed in early 2028. Over 95 percent of the residences have been sold since the launch in late 2021. John Moriarty & Associates is the general contractor.

FAA Building Permits Filed For 897-Foot-Tall And 848-Foot-Tall Structures At Baccarat Site In Brickell

8:00 am on July 27, 2022 By Oscar Nunez

Applications for building permits have been submitted to the Federal Aviation Administration (FAA) for two structures at Related Group’s 3.9-acre development site in Brickell, Miami, where the developer plans the One Brickell waterfront-facing mixed-use complex with as many as three towers. The first set of permits reveal a filing for an 897-foot-tall structure, or 901-feet above sea level, specifically at 444 Brickell Avenue. A second set of permits were filed for an 848-foot-tall structure, or 852-feet above sea level, around the northwest corner of the site which is likely 99 Southeast 5th Street. Both permit applications were created and filed on July 15, 2022 and are now under review by the FAA.

Plans To Build A 75-Story Baccarat Residences Are Moving Forward In Brickell, Miami

7:30 am on June 10, 2021 By Oscar Nunez

Developers Related Group and SH Hotels and Resorts have confirmed their plans to move forward with the construction of Baccarat Residences Brickell, a 75-story luxury residential tower set to rise along the Miami River in the coveted Brickell neighborhood. The property is addressed as 77 Southeast 5th Street, located just west of the Brickell Avenue Bridge and east of the Brickell On The River condo towers bounded by SE 5th St. to the south. The tower will be designed by renown architectural firm Arquitectonica, paired with interiors by Meyers Davis Studio and landscaping by Enea Garden Design.

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