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JV Pushing Miami Condo-Hotel – Connect CRE

by | Jan 16, 2024 | 0 comments

A Miami city review board will soon hear plans from Urban Network Capital Group (UNCG) and Vertical Development on a proposed condo hotel. A condo hotel is a condominium project operated as a hotel with a registration desk, cleaning service and more.

The city’s Urban Development Review Board will consider plans for a condo hotel next month on the 19,292-square-foot site between the Miami Design District and Edgewater. The property currently has four small apartment buildings.

The S. Florida Business Journal reports the joint venture purchased the property for $13.5 million in September.

Under their proposal, the hotel would total 175,557 square feet in 27 stories, with 180 rooms, 7,290 square feet of retail. There would be a pool deck with amenities and a lobby on the fifth floor, and another pool deck on the roof with a view of Biscayne Bay towards Miami Beach. The hotel rooms would range from 393 to 2,127 square feet.

Miami-based Kobi Karp Architecture designed the project.

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