Andrew Hellinger | Developing Marquis Residences and Miami River Landings
Apr 17, 2024
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Andrew Hellinger, Principal of URBAN-X, shares stories from unwinding a $750m portfolio, developing condos in Miami, increasing building height, Miami River Landing development, economy insights, and thoughts on Miami's future.
Strategic adjustment of building heights crucial in Miami real estate development.
Urban X's River Landings project aims to reshape Miami's landscape and cater to diverse community needs.
Deep dives
Andrew Hellinger's Real Estate Journey in Miami
Andrew Hellinger shares his real estate journey in Miami, starting from the development of the Miami River Landings project. Hellinger discusses the process of unwinding a $750 million portfolio during the financial crisis and developing notable condos like the Marquis and Paramount Bay. The importance of strategically adjusting to landing patterns for building heights in Miami is highlighted, showcasing the innovative solutions needed in real estate development.
Creating the Mid River District
The podcast delves into the creation of the Mid River District by Urban X through the River Landings project. The impact of this development on the Miami real estate market is explored, emphasizing its potential to become an anchor in a burgeoning submarket. The strategic location and lifestyle offerings of River Landings demonstrate a vision for reshaping the city's landscape and catering to diverse community needs.
Navigating Real Estate Challenges and Opportunities
Andrew Hellinger reflects on navigating real estate challenges, such as the complexities of zoning rights and city approvals for building heights. The transformative role of River Landings in enhancing the Miami skyline and attracting diverse businesses and residents is underscored. Hellinger's approach to problem-solving and capitalizing on market opportunities shapes a distinctive real estate outlook in the evolving Miami landscape.
Miami's Economic Transformation and Future Growth
The discussion transitions to Miami's economic transformation driven by real estate initiatives like River Landings and influential developers like Ken Griffin. Insights into Miami's growth trajectory and appeal to top talent from prestigious institutions highlight the city's evolution as a prime destination. The podcast emphasizes the potential for sustained growth and infrastructure development to meet the demands of a thriving real estate market in Miami.
Andrew B. Hellinger is a Principal of URBAN-X, a real estate development and advisory company. His current focus is the design and development of River Landing Shops and Residences. Under his direction and leadership has obtained its entitlements and rezoning in May 2013, within a six-month period. In this conversation, Andrew shares unique stories from unwinding a $750m portfolio during the great financial crisis, developing well-known condos in Miami, economy, opportunities, and more.
TIMESTAMPS:
0:00 - Intro
1:36 - Andrew background
6:52 - Increasing allowable height through city, county, FAA, pilot union