Fifteen Group, which owns the historic Christian Science church at 1836 Biscayne Boulevard, has sold some of the property development rights.
700 Miami Partners purchased 180,000 square feet of transferable development rights, according to a filing with the city.
After the transaction, Fifteen Group now has 1,868,526 square feet in development rights at 1836 Biscayne.
Properties in Miami that are designated historic are permitted to transfer development rights to unrelated properties.
A 34-story apartment tower has been approved to be built above the church.