Related Group has obtained a $164 million construction loan for 444 Brickell Tower II and will begin construction this month, the developer told Commercial Observer.
Construction financing for the adjacent 75-story Baccarat tower is also imminent, the developer said.
444 Brickell Tower II will include 506 apartments in a 44-story tower.
Construction permits have already been approved for the tower.
Baccarat will include around 352 condo units in a 75-tory tower rising 848 feet above ground.
Construction permitting is now underway for the Baccarat tower.
A third tower is also planned, rising 82 stories, or 897 feet above ground.