LCOR has applied for a drainage well permit at a site where it plans a 40-story tower.
The property was formerly known as the V-Downtown site.
According to the drainage well permit filing with DERM, activity is planned to get underway in November 2023.
A total of five drainage wells are planned during the new construction process.
Residential and commercial uses are planned, the filing states.
In 2022, Pennsylvania-based LCOR purchased the property, and announced plans for a 40-story tower with:
- 540 apartments
- 14,000 square feet of retail
- 600+ parking spaces
A previous owner had planned a 53-story tower called V-Downtown on the property.
The 2018 design for V Downtown at 1775 Biscayne: