Construction is now underway on the foundation for Elysee in Edgewater – the third big luxury condo tower to break ground in the area recently, after Missoni Baia and Aston Martin Residences.
A crane with a pile driver began work at the site this week.
In August, the developer filed a Notice of Commencement that work was beginning. In September, the developer paid broker commissions and said they would break ground in fall. Earlier this month, the developer obtained a $16.5 million loan to begin foundation work.
The project includes just 100 units in a 57-story tower. It is approved at 644 feet above ground or 649 feet above sea level, the tallest permitted by the FAA in the neighborhood.