Developers Related Group and Integra Investments have applied for an interior demolition permit at the St. Regis Residences site in Brickell, just days after the project was announced.
The demolition permit was applied for yesterday, December 22.
According to the filing, a total of 6,200 square feet of interior space will be demolished at 1809 Brickell Avenue, where the twin-tower project is planned.
There is an existing 17-story building on the site with 272 residential units. The building was used as affordable housing for seniors.
St. Regis Residences will include two towers, rising 48 stories and 47 stories, designed by Robert A.M. Stern.
It is expected to become one of the most expensive projects in Miami history, with a sellout value of $2 billion. Prices will start at $2 million, with units to cost around $2,000 per square foot.
Reservations will begin in January, with sales officially getting underway in early 2022. Construction on the towers is also expected to begin in 2022.