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  #61  
Old Posted Feb 15, 2018, 1:47 AM
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CCCC Towers Could Still Be Built, A Partner Says

[IMG][/IMG]



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Brickell’s CCCC Towers could be completed within five years, according to American Da Tang Investment Group CEO Shanjie Li, who was involved in the deal, in an interview with the SFBJ.

The $875 million mixed-use project would include condos, hotel, office and retail.

Last year, developer China City Construction was said to be in financial difficulty and defaulting on debt.

Li also said that he has met with executives of Chinese airlines with the goal of getting a nonstop flight from Miami to China. Airlines are concerned about a lack of demand, Li said, but he thinks that a potential revenue shortfall could be made up by selling ads in in-flight magazines.

At the same time, Li has other ideas to increase the presence of Chinese in Miami. He is working to film a movie about Chinese businessmen in Miami, and also wants to build a “Chinatown” along South Miami Avenue within three years.
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  #62  
Old Posted Feb 19, 2018, 12:32 AM
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^ Now it's a 5 year time frame? I don't see this happening.
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  #63  
Old Posted Feb 19, 2018, 3:05 AM
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In fairness, it would probably take almost four years to build.
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  #64  
Old Posted Feb 22, 2018, 2:35 AM
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Hong Kong Lawsuit Filed Over CCCC Brickell Towers Delay

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A partner in Brickell’s $875 million CCCC Towers is suing the majority owner for failing to move forward with development.

Asia Allied Infrastructure Holdings Limited said they were taking legal action in a Hong Kong court. The company owns a 45% stake, purchased in 2015 for $40.5 million (Asia Allied was then known as Chun Wo).

According to Asia Allied, no development progress has been made since their stake was purchased. Majority partner China City Construction Group also failed to answer repeated requests for information on how the development would be financed (China City has been struggling with liquidity issues).

Twin towers were planned, reaching a height of 1,069 feet – taller than any other building in Miami, and above the Federal Aviation Administration height limit. It was to include residential condos, hotel, office and retail.

Asia Allied shares trade on the Hong Kong Stock Exchange.
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  #65  
Old Posted Dec 12, 2018, 1:33 AM
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Hong Kong Court Battle Over Control Of The Capital At Brickell Site, Where 1,069-Foot Towers Planned



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Two companies from China are battling over control of the Capital at Brickell site in a Hong Kong Court, newly filed records show.

The site was excavated over a decade ago by a previous developer who planned a twin-tower project, before construction was halted. The land is now a fenced off hole in the ground, in the heart of Brickell.

Beijing-based China City Construction purchased the property and later sold a stake to Hong Kong’s Asia Allied Infrastructure Holdings (formerly Chun Wo Development Holdings), but that partnership soured after China City ran into financial problems.

The two companies own the site through a series of holding companies in the British Virgin Islands and Delaware. Asia Allied owns 45%, with China City the remaining 55%.

Asia Allied sued China City earlier this year after no progress was made in the Brickell development. A court in Hong Kong is now deciding the fate of the property.

According to a filing last month, Asia Allied was able to obtain a court order barring any sale or transfer by China City of its 55% stake.

Before China City’s financial problems, the developers had been planning twin towers with 3.2 million square feet, at a total development value of $875 million. A partner in the project had said the towers would be Miami’s tallest at 1,069 feet.
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  #66  
Old Posted Jan 27, 2019, 12:56 AM
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Brickell’s Chinese-Owned CCCC Towers Site Is Getting A $200K Wall



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Construction on a wall may soon begin at one of Brickell’s most prominent undeveloped properties, the CCCC Towers site.

CCCC International USA LLC applied in June 2018 for a permit to build the wall at 1420 South Miami Avenue, city records show. The permit was approved in October and has since been issued.

A six-foot CBS fence is being built at a cost of $201,013, the permit states. Oscar’s Home Solutions, managed by Oscar Rodriguez, is listed as the contractor.

Excavation at the property began last decade by Cabi Developers, which planned a twin-tower project with underground parking. That project was halted, and several layers of fill were never replaced leaving a hole in the ground.

The property was sold in 2014 to Chinese developers who now are battling in a Hong Kong court over control.
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  #67  
Old Posted Jan 27, 2019, 2:34 AM
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This would be so amazing
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  #68  
Old Posted Jan 27, 2019, 5:59 PM
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Miami really pushing to throw its hat into the race for third biggest/best skyline in the US. Crazy how much its changed since I went there as a kid for vacation
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  #69  
Old Posted Apr 2, 2019, 4:46 AM
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AMERICAN DA TANG FILES NEW LAWSUIT OVER CCCC TOWERS

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Another lawsuit has been filed over the CCCC Towers project in Brickell.

American Da Tang and Shanjie Li are suing for breach of contract. They had a contract to manage the development in exchange for a 5 percent stake in the project, the lawsuit states.

A 2015 meeting where terms of the deal was hashed out was attended by Bernardo Fort-Brescia of Arquitectonica, Walter Defortuna of Fortune International Realty; Philip J Spiegelman of brokerage ISG, the Chairman and CEO of Coastal Construction, and executives from China City Construction, the lawsuit states.

The development is already the subject of a court battle in Hong Kong over control.

Earlier this month, the city’s Unsafe Structures Panel issued an emergency order demanding fill be placed at the site. An excavation over a decade ago removed two stories of dirt.
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  #70  
Old Posted Apr 2, 2019, 12:19 PM
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UGH, this site is cursed !!!
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  #71  
Old Posted Jul 3, 2019, 5:42 PM
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CCCC MIAMI WORLD TRADE CENTER WAS PLANNED TO INCLUDE 59-STORY TOWER WITH 3M SQUARE FEET, LAWSUIT STATES


Quote:
Another lawsuit has been filed over the CCCC Miami World Trade Center property in Brickell, this time seeking a foreclosure.

The partners were planning to develop, construct and operate a 59-story, 2,974,000 square foot condominium, hotel, office, and retail building known as CCCC Miami World Trade Center, the lawsuit states.

Champ Prestige International Limited, an affiliate of Hong Kong’s Asia Allied Infrastructure, filed the suit.

The company owns a 45% share in the property but wants to foreclose on the remaining 55% owned by China City Construction.
==============
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  #72  
Old Posted Nov 28, 2019, 4:15 PM
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Update November 2019

HONG KONG COURT ORDERS CCCC TOWERS SITE IN BRICKELL TO BE LIQUIDATED
November 25, 2019


Brickell’s CCCC Towers site is set to be sold following a ruling from a Hong Kong judge.

China City Construction Corp. purchased the property in 2014 for $74.74 million, with plans to build Miami’s tallest tower.

Asia Allied Infrastructure bought a 45% stake in the project for $40 million from China City in 2015, valuing the property at $88.88 million.

China City Construction Corp. is insolvent and failed to develop the project in a timely manner, according to a lawsuit filed by Asia Allied in Hong Kong.

In a ruling issued in October, a Hong Kong judge ordered the property sold.

In 2007, Cabi Developers began excavating the site to build the Capital at Brickell twin tower project, which included two levels of underground parking. Fill was removed for the underground parking before the project was cancelled, leaving an empty pit in the heart of Brickell for almost a dozen years now.

https://www.thenextmiami.com/hong-ko...be-liquidated/

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https://farm9.staticflickr.com/8648/...a19bacc3_b.jpg

So the saga for this property continues 13 years later.
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  #73  
Old Posted Jan 7, 2020, 7:03 PM
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FYI:

CCCC TOWER SITE IN BRICKELL HAS BEEN SOLD (BUT A PARTNER SAYS THE SALE IS FRAUDULENT)

https://www.thenextmiami.com/cccc-to...is-fraudulent/
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  #74  
Old Posted Jan 7, 2020, 7:10 PM
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This parcel will be developed in time due, its too much of a development opportunity. May follow suit of the Crystal Tower parcel which took ages, and set back after set back to finally get some activity. Not in its original form, and this one looks like a similar trajectory. We'll probally see something rise severally downgraded via its original development potential, but a site like this would be ideal if the right ownership buys when the market is just right. Just to maximize its potential.

I'd say patience on this parcel. This has the potential to be a future tallest in time due. With some nice influx coming in 2020/2021, shouldn't be an issue, just on the waiting list pretty much.
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  #75  
Old Posted Jan 7, 2020, 9:38 PM
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There is an empty waterfront parking lot located between Brickell Bay Drive and SE 12th street...what's the plan with that property and who owns it? I feel that has the potential to becoming Miami's tallest as well.
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  #76  
Old Posted Jan 10, 2020, 5:47 AM
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Is that the lot next to the Jade? If so that is where the twin 1,049 foot high The Towers by Foster and Partners is going.
It's owned by Tibor Hollo's company.

https://www.thenextmiami.com/video-r...d-in-brickell/
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  #77  
Old Posted Jan 28, 2020, 4:54 AM
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Lot is being filled back again


Credit: ryan rc rea
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  #78  
Old Posted Jan 28, 2020, 4:58 AM
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Quote:
Originally Posted by bobdreamz View Post
Is that the lot next to the Jade? If so that is where the twin 1,049 foot high The Towers by Foster and Partners is going.
It's owned by Tibor Hollo's company.

https://www.thenextmiami.com/video-r...d-in-brickell/
Its between SW 14th/13th. Closer to the waterfront. Yeah, near the Jade at Brickell.
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  #79  
Old Posted May 2, 2020, 5:36 AM
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https://therealdeal.com/miami/2020/0...new-ownership/

Quote:
China City’s Brickell development site under new ownership
Rega Group president and founder Sen Wang now controls site

A full block of vacant land in Brickell is under new ownership, court records show.


The development site, at 1420 South Miami Avenue, was previously owned by CCCC International USA, an affiliate of China City Construction Holding Group Co. It is now controlled by entities tied to Rega Group, a California developer.

The land has been vacant since before the Chinese company acquired the 2.78-acre property in 2014 for nearly $75 million.

A lawsuit filed by Champ Prestige International against both companies, Rega Center Miami Holdings LLC and Rega Center LLC, was dismissed on April 3, according to the South Florida Business Journal. A lis pendens that was blocking the property from being sold was dissolved by Judge Michael Hanzman.

That prime piece of Brickell real estate has sat vacant for years, with CCCC International allegedly failing to make any effort to develop the property, according to a previous lawsuit. The land is a block away from Related Group’s SLS Brickell tower and other high-rise developments.
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  #80  
Old Posted May 2, 2020, 5:15 PM
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Wasn't this the fraudulent transfer? If not, I wonder if they plan on doing anything with the site...
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