A development team has received approval from the Miami Design Review Board for a new mixed-use project in the Miami Design District. The project, named Miami Design Residences Designed by Chipperfield, includes plans for both condominiums and a hotel.
The developers behind the proposal are Miami Design District Associates, Fort Partners, Raycliff Capital, and Constellation Hotels Holding. Miami Design District Associates is composed of Dacra, L Catterton Real Estate, and Brookfield. The site is located at the northeast corner of North Miami Avenue and Northeast 39th Street.
According to presentations made to the board and public records, the plan features a 25-story building with 143 condos on one side of the property and a 12-story building containing 85 hotel rooms and 20 condo-hotel units on the other. Both buildings will include rooftop spaces, while the hotel will feature wraparound terraces.
The design is led by British architect Sir David Chipperfield, who has won the Pritzker Prize. This is currently his only active project in Florida. Cube 3 is also involved in the architectural work.
Condo sales are scheduled to begin next month with Corcoran Sunshine Marketing Group handling sales efforts. The development covers several addresses along Northeast 39th Street, Northeast 40th Street, and North Miami Avenue. Records indicate that $143.6 million was spent acquiring these properties in two transactions completed in 2022.
Board members expressed strong support for the design during their review meeting. Francisco Perez-Azua commented: “I think your project is very fitting to the district,” adding: “The elevations here are very simple and subtle but elegant.” Vice chair Gia Zapattini said: “It’s really a spectacular project… It’s very elegant and sophisticated.” She added: “It’s raising the bar really for the neighborhood.”
While approving the project, board members suggested three changes: reviewing balcony edges; using green roof materials on part of the hotel; and removing picket fence-style balcony railings. Zapattini noted: “I think the vertical picket fence railing is something we see in lower level projects like workforce housing.”
Miami Design District Associates owns nearly half a million square feet within the district and recently secured a $100 million loan for six retail properties there—adding to an existing $250 million financing package for its real estate holdings. The area features high-end brands such as Louis Vuitton, Christian Dior, Fendi, Gucci, Off-White, and Chanel.
Fort Partners’ past projects include The Surf Club in Surfside as well as Four Seasons Hotel and Residences in Fort Lauderdale.
Recent residential activity continues elsewhere in the district; last July saw Miami Design District Associates join Hunter Pasteur and The Forbes Company to secure a $125 million construction loan for Cassi—a planned 20-story apartment building with 107 units at 91-93 Northeast 36th Street. In another nearby development last month,Helm Equities received city approval for its Live Local Act project—a proposed tower with residential units alongside office space at 220 Northeast 43rd Street.
