Gazit Horizons, a publicly-traded Israeli developer, told investors last week that it is planning to build a 48-story tower on property it owns across from Brickell City Centre.
The project will have “some retail floors,” along with office space and micro-apartments aimed at young people with related services and amenities for tenants.
The completed project will have about 35,000 square meters, or around 377,000 square feet.
“It will be a true mixed-use property catering to the live, work, play strategy,” said Chaim Katzman, Gazit Globe’s Founder, Vice Chairman & CEO, in a conference call with investors.
The project will cost 515 million shekels to build, or around $150 million. Gazit paid $29.5 million for the 21,210 square foot site in 2017.
Completion is expected in Q2 2023, according to a presentation made to investors.
(photo: phillip pessar)