new towers at miami worldcenter_photo credit the next miami 1030x385

The proposal includes three new towers where a 53-story tower is nearing completion, bringing the total to four on the property. Two of the three new towers are proposed to rise 68 stories each, with a shorter one at 25 stories.

1150 NoMi Apartments Rendering-1150 N.E. 125th St 1030x385

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.