One Thousand Group has successfully acquired a 1.6-acre site in Miami’s Edgewater neighborhood for $53 million, clearing the path for the development of Tower 36. This ambitious 47-story skyscraper is set to become a focal point of the area, blending luxury residential living with dynamic commercial and retail spaces.
Key project takeaways
- Location: 3501 Biscayne Blvd, 345, and 409 NE 36th St.
- Investment: $53 million acquisition price.
- Project Scope: 47-story tower containing 312,058 square feet of space.
- Architectural Design: Led by KPF Architects, featuring sustainable elements and modern technology.
- Residential Mix: A hybrid model offering both rental and for-sale units.
Architectural vision and amenities
Designed by the renowned firm KPF Architects, Tower 36 is scaled to reach a height of 635 feet. The project distinguishes itself by blending luxury residential units with approximately 29,109 square feet of commercial and retail space. The interior will prioritize lifestyle and wellness, incorporating a private members club, diverse dining options, and specialized wellness and recovery facilities. A notable feature of the development is a rooftop helipad and heli-lounge, a signature amenity consistent with the developer’s previous high-end projects.
Regional impact and development strategy
One Thousand Group co-founders Michael Konig, Kevin Venger, and Louis Birdman view Tower 36 as a transformative addition to Edgewater. The development is situated strategically at the intersection of East Edgewater and the Miami Design District, providing residents with seamless access to the city’s thriving retail, parks, and culinary scene. By integrating walkability features and cutting-edge urban design, the project aims to set a new benchmark for mixed-use residential living in Miami. This acquisition adds to a robust portfolio for the firm, which has already delivered over 10 million square feet of space across multiple iconic developments in the region.