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Crescent Heights would double the size of its assemblage with the acquisition of the school board’s 1.1-acre lot.

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Feeding into a record-breaking in demand real estate market, multifamily developers have enough work in the pipeline to last into 2024.

New Downtown Miami High-Rise Project Seeks To Bring More Affordable Urban Living 1030x385

Three towers, between 39 stories and 48 stories, would sit on top of a new public parking garage with 1,350 spaces and retail on the ground floor.

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The project would have three 57-story towers connected by a podium at the base, comprised of 2,195 residential units, 540,000 square feet of offices, 49,999 square feet of retail and 2,457 parking spaces.

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The increasing migration of Northern high-income executives is accelerating the real estate markets and the overall economy in South Florida, while banks are reporting substantial profit gains and are eager to welcome their businesses.