The developer of the proposed Miami River complex completed a deal to connect the project to Miami-Dade’s water and sewer utilities system.
The deal was completed on June 30.
According to the agreement, the Miami River project will include:
54,200 square feet of full service restaurant
40,000 square feet of office
130,600 square feet of retail
17 marina slips
Meyer Chetrit signed the agreement on behalf of developer CG Miami River LLC.
The developer will pay a connection charge estimated to be $2,114,223.36. In addition, there will be a Brickell Basin II sewer connection charge of $1,179,608.60, bringing the total charges to over $3.3 million.
The project has been moving quickly since obtaining pre-construction financing earlier this year from Michael Dell’s MSD Partners.
The developer also applied last month for FAA approval to build the first tower at the complex at a height of 640 feet above ground.
A construction permit for the first tower with 54 stories and 632 residential units was submitted in late June.