The 57-story tower will rise 644 feet above ground, or 649 feet above sea level – the maximum permitted in the area. Approval took less than four months for the FAA to issue, and expires in March 2017.
Just two units will be built on each floor, for a total of 100 units. Pricing averages $750 per square foot.
Construction is expected to begin in the first quarter of 2016. Two Roads Development is the developer of both Elysee and nearby Biscayne Beach, which is already under construction.