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Royal Palm Cos. To Develop 50-Story Mixed-Use Tower In Downtown Miami

Author: Admin
Categories: Commercial News,Development,Multifamily

Royal Palm Cos. has acquired a nearly two-acre land parcel at 942 Northeast First Avenue in Downtown Miami with plans to develop Legacy Hotel & Residences, a 50-story mixed-use tower with 274 residences and a 256-room hotel. The property is part of Miami Worldcenter, a $4 billion, 27-acre mixed-use development in Downtown Miami.

The transaction includes 66,656 square feet of developable land.

Legacy Hotel & Residences will feature a members-only international business lounge, Singapore-inspired cantilevered pool, downtown Miami’s largest hotel pool deck, a 100,000-square-foot medical and wellness center and microLUXE residences. The project’s signature amenity will be the city’s first enclosed rooftop atrium, taking up the top seven floors of the tower.

Robert Given, Troy Ballard and James Quinn of Cushman & Wakefield represented the seller, Miami Worldcenter Associates, in the transaction.

 

Source:  Connect Media

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A Medical Complex Is Coming To Miami Worldcenter

Author: Admin
Categories: Commercial News,Development,Healthcare

A $60 million medical center is planned for Miami Worldcenter, the mixed-use downtown development.

The 100,000-square-foot Center for Health + Performance, or CH+P, will sit on the ground floor of the Legacy Hotel & Residences, according to a release from the tower’s development firm, Royal Palm Companies.

A medical center was planned long before the pandemic, Dan Kodsi, CEO of RPC, said in a statement. But the pandemic is leading to some changes.

The development team is expanding the center’s air purification system and anti-microbial and chemical-resistant surfaces. Think voice-activated elevators, touchless room key access, UV-sterilization wands and robots for common areas — through the building.

Construction will begin on the tower at 942 NE First Ave. in the fall. The tower will have 274 condo units and 256 hotel rooms.

“While it’s been over a year in the making, COVID-19 was the driving force in enhancing some of our features that would allow the hotel to continue operating during any future pandemics,” Kodsi said in an email.

The center will have surgery rooms, capabilities for MRI, CT, mammography, X-Ray, ultrasound scans, on-site pharmacy, on-site laboratory for test results, and on-call doctors, nurses and nutritionists. The healthcare organization that will run the center has not been decided.

“One of the many impacts of COVID-19 will be a more informed and hyper-cautious traveler that will be looking for hotels and vacation homes that prioritizes their health and safety without sacrificing that luxury lifestyle they are accustomed to,” said Stephen Watson, head of medical and wellness projects for RPC.

The Miami Worldcenter is a 27-acre, $5 billion development that broke ground in 2018 with the construction of Paramount Worldcenter. The project includes hotels, condominiums and retail spaces.

Source:  Miami Herald

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