LCOR, a prominent real estate development and investment firm, has submitted plans for an impressive new apartment tower at 1775 Biscayne in Miami’s Edgewater neighborhood. The proposed 42-story development is set to offer 522 well-appointed studios and one-, two-, and three-bedroom apartments, complemented by an array of common-area amenities. These amenities will include a rooftop deck with a pool and a spacious 628-space parking garage. The luxury property’s amenity spaces will cover a generous 50,000 square feet, with an additional 10,000 square feet reserved for retail space.
Situated just one block away from Margaret Pace Park along the bay, residents will enjoy breathtaking, unobstructed views of Biscayne Bay and the iconic Downtown Miami skyline. The location also offers convenient access to public transportation options like the Metromover and Brightline.
ODP Architects is responsible for the project’s design, while the interiors, encompassing the community’s amenity spaces, lobby, and residences, are being crafted by KAS. LCOR’s acquisition of the property in 2022 marked the company’s entry into ground-up development in Florida.
Construction on this ambitious project is slated to commence in the second quarter of 2024. LCOR also maintains ownership stakes in luxury rental properties, including Lincoln Pointe in Aventura and Tortuga Pointe in St. Petersburg. The company’s focus lies in transit-oriented multifamily developments, with a special emphasis on major East Coast markets. Thus far, LCOR has successfully directed its investment management and development strategy towards over 300 large-scale mixed-use projects.
The broader Miami metro area remains a dynamic and active hub for real estate development. Just recently, Pinnacle secured $48 million for the construction of an affordable rental property in the Miami suburb of Hollywood, Florida. Meanwhile, LCOR has also recently secured financing for 247 North Ave., an all-electric property currently under construction in New Rochelle, New York.
