Chetrit Group starts construction on $1-billion Miami development

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Florida Construction News staff writer

New York-based developer Chetrit Group has started work to transform six acres of Miami River waterfront located between I-95, Southwest Second Avenue and Jose Marti Park in Miami.

When completed in 2026, the River District will include four million square feet of new development with 1,600 residences, Class A office space and retail space, a boat marina big enough for 60-foot vessels, 2,000 covered parking spots and restaurants.

“The Miami River has been ripe for a new archetype of riverfront living, especially as the Brickell neighborhood continues to attract national companies and new residents to its urban core,”  Chetrit Group president Michael Chetrit said in a news release. “With demand for new, curated experiences walkable from Brickell Avenue at an all-time high, we are excited to introduce a ground-up new neighborhood that builds and honors community, with a Brazilian twist.

“The River District is going to create a riverwalk experience for the first time in the city, and we expect to completely transform how people in the area live, work and play.”

Designed by Kobi Karp, the development will bring “high-end living, working, dining, shopping and yachting” to the area with four distinct skyscrapers, a pair of two-story waterfront retail buildings, a marina and streetscapes inspired by Brazil’s tropical modernism aesthetic.

Construction has started on the first tower – a 52-story condominium building.

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