Developer Mast Capital has submitted plans for a three-tower project on the former Capital at Brickell site for review, and announced a construction timeline.
For now, the project is simply being called 1420 S. Miami Avenue. There will be three towers at the development, with the following heights:
80 stories, 939 feet (405 condo units)
59 stories, 691 feet (425 rental apartment units)
50 stories, 604 feet (425 rental apartment units)
There will also be 1,646 parking spaces – exactly the minimum required under the Miami 21 zoning code. In addition, there will be a very small amount of retail (18,969 square feet) on the ground floor.
An organization calling itself the Council on Tall Buildings and Urban Habitat defines Supertall buildings as those that reach over 300 meters, or 984 feet.
The developer told Multifamily news today that construction will begin towards year end 2022, with completion in the second quarter of 2025.
Construction financing has already been secured from Michael Dell’s MSD and CanAm on the 80-story condo tower, and from Rockpoint on the multifamily component.
Miami’s Urban Development Review Board is scheduled to review the proposal at a meeting on February 16.