The developers of downtown Miami’s Yotel appear to have selected a contractor and filed for a construction permit.
A permit fee in the amount of was submitted on December 14. The permit has yet to be approved, but the project was approved by the Planning Department earlier this year.
According to the filing, the project includes 256 hotel rooms on level 3-13, 208 multifamily units on levels 14-30, and a 4000 square-foot restaurant on the ground floor.
Cost of construction is estimated at $54.6 million. Coastal Construction is listed as the contractor.