City vote due on permits for mixed-use Mary Brickell Village
By Sherri C. Ranta
Miami city commissioners today (10/10) will consider permits needed to allow workers to begin construction of the $70 million Mary Brickell Village mixed-use "urban lifestyle" center on South Miami Avenue.
A city advisory board has recommended approval for the residential component, which has up to 382 apartments units plus 32,000 square feet for a Publix grocery and 1,358 parking spaces, said Lourdes Slazyk, the city's assistant planning director. The height of the project will be about 352 feet.
Permits for the residential component are the last element needed for developer Constructa US to move forward, obtain financing and begin construction, said Philippe Labarre, Constructa development manager.
Financiers, he said, wanted the permits in place before closing on a construction loan. An international bank is expected to provide funds, Mr. Labarre said.
Developers first envisioned a hotel component but in May, Constructa Senior Vice President George Giebel said market forces had changed since the project's conception.
"The original idea three years ago was a hotel tower. But market dynamics change. Right now, market trends on Brickell favor multi-family," Mr. Giebel said.
Constructa US has already received permits for the separate 192,000-square-foot retail center, officials said. The project's restaurant tenants will include P.F. Chang's China Bistro, Oceanaire Seafood Room, Redstone American Grill and Starbucks.
"Leasing is going well for the remaining retail space," Mr. Labarre said, citing interests from local boutiques, European and South American businesses. "We've gotten a great response from the market place."
At the site, workers have been relocating exotic trees. Some of the larger ones, a banyan and gumbo limbo for example, are integral to the design, company officials said.
Mary Brickell Village will sit on 5.2 acres between Southwest Ninth and 10th streets and will wrap around Perricone's Marketplace, 15 SE 10th St., & Cafe and incorporate in its design the north side of Allen Morris Park.