Developers of E11EVEN Residences Beyond have announced that they have broken ground on the 65-story tower.
PMG and E11EVEN Partners said in a press release that they have secured a $262 million construction loan.
Over 80 percent of the building has been sold, the release said.
The area is now being referred to by the developers as District 11.
Two 65-story towers are now under construction. The first tower, called E11EVEN Hotel & Residences, recently had its first tower crane installed.
Madison Realty Capital provided the loan for E11EVEN Residences Beyond, and the transaction was brokered by Jones Lang LaSalle.
E11EVEN Partners Marc Roberts, Michael Simkins, and Dennis DeGori and PMG partners Ryan Shear, Kevin Maloney and Dan Kaplan are the developers.
(renderings: ArX Solutions)