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Real Estate

Related Group changes it's plans!

By
Cashflow In Miami
on
December 8, 2020

Related Group changes its plans!

No more 34-story luxury condo towers on the island!

Jorge Perez's Related Group is now proposing a 160,000 sq. ft. Class A office project for a site it owns on Terminal Island. The change comes a year after the Coast Guard warned that Related's condo proposal could compromise the Coast Guard Miami Beach station's security.

The two four-story buildings would include 11,250 sq. ft. of restaurant space, helicopter pads, and a mega-yacht marina.

The developer purchased the site in 2013 for $9.94 million.

Lets see if this plans get approved!!

...

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