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The developer proposed a 12-story apartment building.

Abbhi Capital's Miami WorldCenter Project Rendering_Image Courtesy of Abbhi Capital 1030x385

The project is slated for nearly 370,000 square feet of offices, 558 residential units, and a hotel.

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From 2010 to 2020, the metro region’s population rose by more than 660,000, creating intense demand for offices, stores, hotels, and homes.

metro miami building-1 ne 1 street_photo credit time century holdings 1030x385

In addition to seeking to foreclose on the mortgage, the bank wants the court to appoint a receiver over the property.

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“Depending on how much they’re willing to implement, they could save between 5 and 20 percent” of their energy bill, said Ramin Moghaddass, an associate professor of industrial and systems engineering at UM and the director of the Industrial Assessment Center.