Developer Mast Capital is quickly moving to the construction permitting stage at its Brickell megaproject.
On May 1, the developer applied for a construction permit to begin work on an apartment project at 1420 South Miami Avenue.
According to the construction permit application, the project will include 856 multifamily units and rise to a maximum height of 60 stories.
Total estimated construction cost is estimated at $310 million, with permitting fees of $868,000.
The permit is likely for the two rental apartment towers at the site, which are planned to rise 60 and 50 stories.
A third tower is also planned, with 405 units in an 80-story Cipriani Residences condo building.
All three towers are expected to begin construction by year end.
The project site on May 1:
