The developer behind the ambitious Summit Brickell project has officially recorded a covenant, a crucial step that allows for the phased development of the 65-story residential tower. This legal instrument ensures that the project’s future multi-owner structure will comply with Miami-Dade County’s Zoning Code, paving the way for construction.
Key Takeaways
- A covenant in lieu of unity of title has been filed for the Summit Brickell property.
- The covenant permits phased development of the site, potentially with multiple ownership structures.
- The agreement ensures compliance with Miami-Dade County’s Zoning Code.
- The project is currently undergoing construction permitting.
Summit Brickell Project Details
The Summit Brickell is slated to be a significant addition to the Miami skyline, with plans for a 65-story tower. The development is expected to feature 505 residential units, approximately 1,933 square feet of ground-floor retail space, and an internalized parking garage with 500 spaces. The tower is designed to reach a height of 750 feet.
Legal Framework for Development
The covenant, officially recorded on July 9, is a legal assurance that the property can be developed in a condominium format and/or in multiple phases. This is particularly important for large-scale projects that may involve future divisions of ownership. The developer has committed to developing the property in substantial alignment with a site plan that was submitted to Miami-Dade for review in October 2024. This covenant is instrumental in guaranteeing that the phased development will not contravene the existing Zoning Code of Miami-Dade County, thereby facilitating the project’s progression through the permitting process.