43-Story Apartment Tower Tops Out in Miami Worldcenter
CAOBA, a 43-story apartment tower developed by CIM Group and Falcone Group, has topped out in Miami Worldcenter in downtown Miami, marking a major step forward for what is “one of the largest urban development projects underway” in the U.S., Florida Construction News reported. It is the first tower to top out in the US$2-billion development, and plans for a second, 40-story tower have been approved by the City of Miami. Scheduled for completion in the fall, CAOBA will have 444 apartments and 20,000 sq. ft. of ground-level retail at 698 Northeast 1st Avenue. Noting its proximity to Miami-Dade’s primary transit systems, Miami Worldcenter Managing Principal Nitin Motwani observed residents will be able to “walk outside their door and be in the middle of a 10-block ‘city within a city.’”
St. Petersburg’s Tallest Nears Finish Line
ONE St. Petersburg, which will be the tallest building in St. Petersburg, at 41 stories and 137 ft., is on track for completion later this year, SkyRise Cities reported. On the corner of 1st Street North and 1st Avenue North, it is being developed by The Kolter Group and was designed by SB Architects. ONE St. Petersburg will have 253 condominiums, a 174-key hotel, and expansive residential amenities like pools, seating areas and a second-floor owners’ lounge overlooking a 30-ft.-tall atrium lobby. Penthouse residences will be on the top three floors.
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