- Title: USA-MIAMI/ZAHA HADID Concrete pour kicks off star architect’s Miami tower
- Date: 23rd August 2015
- Summary: MIAMI, FLORIDA, UNITED STATES (AUGUST 21, 2015) (REUTERS) MOVING CRANE WITH MIAMI SKYLINE DOWNTOWN MIAMI CONSTRUCTION SITE CONSTRUCTION WORKERS CONSTRUCTION WORKER TALKING ON MICROPHONE CLOSE OF CONCRETE PUMPING TRUCK WIDE OF CONCRETE PUMPING TRUCK
- Embargoed: 7th September 2015 13:00
- Topics: General
- Reuters ID: LVADTYD4JUPFAA8VFMU38AWS3FLM
- Aspect Ratio: 16:9
- Story Text: Dozens of workers and nearly 200 concrete trucks crowded around a downtown Miami construction site on Friday (August 21). They were in the midst of a 24-hour long effort to pour more than 9,000 cubic yards of concrete forming the base of Pritzker Prize winning architect Zaha Hadid's first residential tower in the western hemisphere.
Developers say once complete the more than 700-foot tall, 62 story One Thousand Museum will become an icon in Miami's ever-growing skyline. Outside, the building will be wrapped in a flowing, curvaceous exoskeleton. Inside common areas and apartments, which start at $5.5 million, will mimic the futuristic design.
"Zaha is actually doing the interiors for us because what we wanted is we wanted you not to only experience the exterior of the building but as you walk through the building have it so it flowed with her hand," said developer Kevin Venger.
Since Miami's real estate market surged back to life in 2011, 72 towers with more than 20,000 condominiums have been proposed or are under construction around downtown Miami, according to real estate consultancy Condo Vultures. Of those, many feature multimillion-dollar apartments luring cash buyers from around the globe with luxurious amenities.
Developers have partnered with high end brands like Fendi and Porsche. Others, like Argentine developer Alan Faena, are building sprawling complexes that combine art, entertainment, and high-end restaurants with oceanfront living.
"We really wanted to differentiate ourselves to be like one of the New York super towers that are out there where you're combining luxury with also a star architect," said One Thousand Museum co-developer Gregg Covin.
Still, global economics have raised the eyes of some real estate watchers. About a half dozen previously announced towers have either canceled or significantly modified plans, said Condo Vultures' Peter Zalewski. The combination of a strengthening dollar along with currency and economic concerns in countries like Brazil, China, and Russia have some wondering how long Miami's real estate resurgence will last.
Meanwhile, One Thousand Museum's developers say about half the building's units have sold, totaling more than $250 million. Once the foundation is set, workers will be ready to start on the building's sleek façade. It's being built in Dubai, and all 4,800 pieces will be shipped halfway around the world to be reassembled on Miami's sun soaked shores.
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