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Dupont Towers and Dupont Plaza -Miami Preconstruction Condos

Downtown's Dupont Plaza makes way for two luxury towers

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Dupont Towers Miami Condo

 

Alvaro Santistevan - BRICKELL POST

History is about to repeat itself. In 1957, on bay front land rich in Indian heritage, Miami 's first mixed-use building, the

Dupont Plaza , was erected, cementing itself over everything Tequesta. Now, the development that in its time was billed as the first “three purpose building,” housing the International Architect's Bureau of Building Products, a 14-story office building and a 301-room hotel, is coming down. One of downtown's newest mixed-use projects, The Dupont Towers , is slated to become the next occupant of 300 Biscayne Blvd. Way, one of Miami 's prime pieces of real estate.

When the building on the north side of the mouth of the Miami River implodes in clouds of gray soot, all traces of the once classy Dupont Tarleton Hotel will disappear. Few will mourn its passing. The building was never architecturally significant, however innovative it may have been in its heyday, and it has little legendary value in the eyes of local historians. The history came much earlier.

Before the Dupont Plaza , before the birth of the City of Miami , the land was a trading post for Seminole Indians. Archaeologist Bob Carr has already uncovered abundant evidence of that fact through excavations in the parking lot next to the Dupont —a site that will soon become Metropolitan Miami. His collection of Tequesta relics from the area includes pottery shards anywhere from 500 to 2,000 years old, “all in very disturbed condition.” Although the Dupont property is historically significant, Carr thinks any remaining relics will be in fragile condition.

“It was an area rich in artifacts, but when they built the Dupont Plaza , they dug a basement,” he explains. “What we don't know is if any [artifacts] survived, so we are going to be monitoring it and if we see any evidence, we will be doing additional excavation there.” He points out that less than half of the Dupont parcel is on original land, the rest was filled in by material dredged from the bottom of the bay in the early 1900s. Historian Paul George says that after the Tequestas, the land housed two slave plantations in the 1830s, as well as the army's Fort Dallas in the 1840s and 50s. Additionally, three Jesuit missions once existed just north and west of the Dupont and Miami pioneer Julia Tuttle built her house just west of the site in the 1890s.

When the Dupont went up, it was a $10 million one-of-a-kind building. Now it's viewed as ugly architecture.

“It really personifies resort architecture. I've always hated it,” said George, who especially dislikes the fact that no space was left on the riverfront to enjoy the view; instead, the building hugged the river. Regardless, many Miamians fondly recall the Dupont's halcyon days as the place to stay in downtown Miami .

“I would not say that it is historical,” remarks historian Arva Moore Parks, “but when it opened it was considered a really big deal. There weren't a whole lot of hotels in Miami and it was a very fancy hotel when it was built.”

Over the years a number of businesses occupied the office portion of the building, including the City of Miami 's law department, labor relations department and budget department.

Today, the building sticks out like a sore thumb on the ever-improving face of downtown Miami . Its demolition—which has already started inside and should be finalized later this year will make way for two luxury towers: a 48 story building with 632 residences, 62 hotel rooms and 869 parking spaces, and a 60 story building with 596 residential units and 621 parking spaces. The project also includes 5,000 square feet of retail and 24,600 square feet of restaurant/lounge space. Additionally, the development will feature a public waterfront walkway that would connect to the riverwalk planned for One Miami, the project next door.

The Dupont Towers is a joint undertaking by CMC Group, composed of Ugo Colombo (developer of the exclusive Bristol Tower and Santa Maria , and co-developer of Porto Vita and the Grovenor House) and Lionstone Hotels & Resorts, headed by Alfredo Lowenstein, developers of the Ritz Carlton on South Beach and hotel properties in the Caribbean .  With groundbreaking expected sometime next year, talks are already underway with W Hotels, owned by Starwood Hotel & Resorts Wolrdwide, Inc.

Two towers planned for Dupont site by Paola Iuspa-Abbott  real estate/international business  piuspa@bizjournals.com

Plans to replace the run-down Dupont Plaza at the mouth of the Miami River are taking shape.

The Miami River Commission has endorsed a two-tower proposal comprised of 1,290 residential units. That includes a 48-story tower with 694 condominium-hotel units and a 60-story tower with 596 residential units at a site where the river meets Biscayne Bay .

The 48-year-old Dupont Plaza building, at 300 Biscayne Blvd. Way, would be torn town.
CMC Group, with Ugo Colombo as a principal, teamed up with the Lionstone Group, led by Alfredo Lowenstein, to develop the site.

The Italian-born Colombo is known for his exclusive Bristol Tower and Santa Maria high-rises built in the Brickell area in the 1990s. Lionstone, headed by an Argentinean family, bought the Dupont in 2001. County records don't show a price for the sale, but the land was valued at about $15.8 million, property records show.

Since the sale, the office and hotel portions of the 11-story tower have been operating. But its residential wing was closed nearly two years ago, when Lionstone unsuccessfully tried to convert apartments into a hotel.

While construction could begin in 14 months, demolition of the Dupont hasn't yet been scheduled, said Bruce Lazar, a Lionstone principal.

Riverwalk insures public access


The developer plans to build a public waterfront walkway along its property. It would link to the riverwalk at One Miami, a residential complex next door, and the Hyatt Regency Miami Hotel, 400 S.E. Second Ave.

For the past four years, the city, the commission and several nonprofit organizations have been seriously pushing developers to provide a riverwalk to guarantee public access to the water.

The city last year allocated about $4 million to build the riverwalk adjacent to One Miami, said Otto Boudet-Murias, a senior advisor in economic development at Miami 's Office of the Mayor.

A pedestrian and vehicular plaza would rest between the towers and be aligned with Southeast Third Avenue, allowing views of the bay, said Luis Revuelta, the project's architect and a principal with Revuelta Vega Leon in Miami.

One Miami consists of 896 units. The planned Metropolitan Miami across the street from the Dupont will have 1,347 units.

There is concern that so many units cornered against the water would create a traffic nightmare. The city and the state are studying the possibility of converting some of the existing one-way roads surrounding the building into two-way streets.

The Florida Department of Transportation this week worked out a deal with the developers to approve an extra lane coming off the Brickell Bridge , Revuelta said.

For now, area developers say the proposed buildings seem to be compatible and stay away from blocking most of one another's views.

"The first Dupont Towers won't block our view," said Tim Weller, president of development with MDM Group, planning the Metropolitan. "The second tower will have some impact. But overall, the project is a positive thing. It is important to have a critical mass [of units] for the success of the area."

Currently, that portion of downtown Miami is home to surface parking lots, office buildings and hotels. But that is set to change.

"It is the Eastward-Ho movement," said Robert Parks, the commission's chair. "We can't build west, so we build east and have to go vertically."

Miami Real Estate