A 40-story tower called 501 First is now moving through the city approval process after launching sales.
501 First will have a hearing before Miami’s Urban Development Review Board on June 16.
The tower is proposed to top off at a height of 417 feet above ground.
The tower will include 448 residential units, according to the plans.
No parking garage for cars is being built.
Developers are requesting a waiver from the city to allow for off site parking, instead of the on-site garage normally required. Parking spaces will be secured in nearby facilities, if the city approves.
There will be an on-site parking garage for bicycles however, with a total of 60 spaces.
The ground level is being designed with wide sidewalks and greenery to provide shade and a usable pedestrian space.
Aria Development Group of Miami is the lead developer. Investors in the project include New York’s Jeffrey and Alan Manocherian, a disclosure form states.