The developer of Miami World Towers has completed a deal to bring water and sewer utilities to the project site.
Kevin Lalezarian of Miami World Towers LLC signed the agreement with Miami-Dade County. The deal was finalized in late June.
According to the agreement, the first phase of Miami World Towers will include:
3,000 square feet of full service restaurant
Previous plans filed with the city showed the tower would also include 401 parking spaces.
The developer will pay a connection charge estimated to be $545,045.25 plus a special Biscayne Basin sewer connection charge of $330,614, for a total of over $875,000.
The first tower at the project is proposed to rise 53 stories or 579 feet above ground, which would make it the second tallest rental apartment in Miami. Others however are proposed to rise even taller.
A construction permit was applied for in December 2020, listing an estimated hard construction cost of $147 million.