Habitat Group has closed on a property at 143 Southwest Ninth Street, and is preparing to develop a 36-story building, according to The Real Deal.
The new project will include 108 luxury condos, 60 hotel rooms and 12,000 square feet of ground-floor retail. Development cost is expected to be $59.6 million, while the finished product will be worth $81.7 million.
Construction will begin in two years.
The developer will break ground next month on Smart Brickell, which will include three towers. Another development by Habitat, called the Millux hotel project, will break ground in eight months.