Lionhart is taking on Real Estate Development in Miami

Posted on Sep 28, 2018

Lionhart Capital has filed documents with the City of Miami, Florida to develop two buildings within the Design District of the City. The city will be required to vote on the proposal and approve the project before construction can move forward. The Flagler Holding Group (FHG), a company being managed by a founding partner of Lionhart, is looking forward to an agreement to develop the property located at Northeast Second Avenue. The project consists of constructing two, three story buildings with a combined footprint of 58,000 square feet.

FGH is requesting the development be removed from an agreement in place that was brought forth by Craig Robins to help renew the neighborhood into a luxury antsy and retail destination location. The new proposal will include structures featuring glass walls, floor to ceiling, and a first-floor connection that will direct pedestrians and shoppers to an area with restaurants and retail space. The second and third floors will of the proposed buildings will include office space. Parking accommodations will be underground and include 98 spaces.

To accommodate the project, Lionhart will demolish two commercial buildings on a site that contains 0.035 acres. The project will be neighboring a mixed-use project that will include 21c Museum Hotel that will have 135 rooms and amenities that include an art museum and rooftop pool. Also included will be a sculpture garden and 85,000 square feet of office space, and 70,000 square feet of retail space. The plans call for 300 parking spaces. Also owned by Lionhart is a historic building located at the corner of Northwest 43th Street and Second Avenue that is home to 5,600 square feet building that houses all boutiques.

Branching out into the Pompano Beach area, Lionhart is the owner of a large development and is nearing the completion of the Ritz Carleton Residences near Miami Beach. The area is right for such expansion as neighborhoods are being upgraded and revitalized to accommodate the upbeat economy. Mixed use development represents smart growth as it brings several elements together while providing an infusion of capital into the local and regional economy.