Related Group will hold a groundbreaking ceremony on Thursday, February 18 for GranParaiso.
New York Yankees all-star and Miami native Alex Rodriguez will attend the event. Rodriguez is said to have purchased a 3,200-square-foot penthouse unit on the 53rd floor.
Other celebrity buyers in the Paraiso Bay complex include NBA champ Manu Ginobli, tennis pro Arantxa Sanchez-Vicario and DJ/producer David Guetta.
In Fort Lauderdale, Dan Marino bought a unit at Related’s Auberge Beach, and attended a recent groundbreaking ceremony there.