Park West’s E11even Hotel & Residences has experienced strong sales, and a second tower is now being considered by the developers.
The first tower will rise 65 stories, or 698 feet above ground.
Over 90 percent of 340 condo units planned in the tower are now in contract, with buyers placing a non-refundable 10 percent deposit, according to a press release.
The average sales price is $1,100 per square foot.
Developer Michael Simkins told The Real Deal that a second tower is feasible and under consideration.
Simkins controls around 10 acres in the area, where the Miami Innovation District is proposed.
Groundbreaking on the first E11even tower will take place in the third quarter of this year. Construction will take about 30 months.
Miami Innovation District: