Developers have announced plans to build a 70-story tower across from the Metrorail in Brickell, according a press release.
Lore Development Group, a joint venture between Leste Group and Brazilian real estate firm Opportunity Fundo de Investimento Imobiliário said that it had acquired the land for $35 million.
A new $500 million tower is being designed by Corwil, the developers added.
It will have 500 apartments, 2,000 square feet of ground floor retail, and ample parking. The total planned building size is said to be 442,000 square feet.
“This property will set a new standard in luxury living for the area with its exclusive amenities, prime location, and breathtaking design,” said Stephan de Sabrit, Managing Partner at Leste.
Groundbreaking is planned in June 2024, with completion in Summer 2027.
The proposal is being developed under Miami-Dade’s Rapid Transit Zoning scheme, rather than the City of Miami process. In April, Miami-Dade’s commission voted to add it it the RTZ area.
The 44-story Wyndham proposed for the chicken lot by Brazilian developer Galwan in 2016, designed by Arquitectonica:
The properties approved by county commissioners in April to be added to the RTZ, on a first reading:
The chicken lot as seen in February:
(photo: Phillip Pessar)