Aria Development Group has signed a deal with Miami-Dade County Public Schools to allow for their 501 First tower to move forward.
The developer will contribute towards the cost $534,644 of building a new 22-seat classroom to meet demand generated by the new building.
Aria is planning new tower is called 501 First with 448 residential units, which would have created a 9-seat deficit in area public schools.
The 40-story tower is being marketed towards those who want to rent their units on Airbnb or other short term rental platforms
Completion of the new tower is scheduled for the first quarter of 2023.