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 submitted for review.
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.