Construction is expected to begin as soon as city approvals and permits are obtained, with delivery one year later.
The County has issued an RFP for 17-acre site allowing for up to 23M square feet of real estate.
One third of the office space has already been pre-leased, the developers said, even before the project was publicly announced.
A partnership with Airbnb allows owners to rent their condos restriction-free.
The project is slated for 2,351 residential units anbd 540,000 square feet of office space.
A pre-application meeting between reviewers and representatives of the developers is scheduled for June 30.
Any lingering uncertainty about the survival of retail has waned, and, today, we seem to be in one of the stronger landlord markets in recent memory. What drove this radical shift from fear and hesitation to boundless market optimism?
The supertall tower is planned to rise exactly 1,049 feet – the maximum permitted by Miami’s zoning rules.
The deal covers 35,639 square feet of commercial properties and a 1,120-square-foot single-family home.
This volatility has led some contractors to order and pre-pay for materials earlier than they usually would, tying more money into projects up front.