The developers behind the 57-story M-Tower have signed a utilities agreement and provided an update on the construction permitting process to the Miami Parking Authority
The developer said they had invested an additional $3.2 million in design and entitlements work since their last presentation to the MPA, with UDRB approval and waiver approval obtained, along with 50% construction drawings achieved.
Records show that the developer signed a utilities agreement with the Miami Dade Water and Sewer Department on November 3. According to that agreement, M-Tower will include:
- 675 apartments
- 10,411 square feet of retail
FAA approval for two tower cranes rising 705 feet above ground was issued on November 21.
Groundbreaking is now likely to take place later than planned – probably around September, around three months later than expected.
A new Miami building official “has switched their methods,” no longer permitting a separate foundation permit. Instead, a full master permit and vertical permit will be required, causing the delay, a representative told a meeting of the Miami Parking Authority Board earlier this month.
Demolition of the existing parking garage on the property is now expected in early 2023.
Balfour Beatty is the construction contractor.