A total of 1,995 residential units are planned between all five towers.
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.
The developer proposed a 12-story apartment building.
The project is slated for nearly 370,000 square feet of offices, 558 residential units, and a hotel.
From 2010 to 2020, the metro region’s population rose by more than 660,000, creating intense demand for offices, stores, hotels, and homes.
“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.
Residents will have access to control the features of their units, such as the lights and AC, manage package delivery, schedule gym classes, and socially interact with the community.
A townhouse or condominium development could be suitable for the assemblage, which is called The River Line and is in the largely residential Spring Garden Historic District.
Surging housing costs and a fickle labor market, which by one measure still hasn’t recovered from the pandemic are sending many locals packing. Miami-Dade lost 79,535 people through net migration to other parts of Florida or other states between 2020 and 2022. Still, there are reasons for optimism.
The project will include up to 2,346 rental apartments, ground floor retail, amenities, and parking for about 2,078 cars.