The general contractor for the 54-story Miami River tower in Brickell says that piling work is now nearly complete.
Contractor G.T. McDonald wrote on Instagram that excavation at the site is set to begin this month.
A tower that will rise 640 feet is now under construction. Later, multiple other towers are planned to rise at the site.
The first phase is being funded by a $310 million construction loan from Madison Realty Capital.
A total of 632 apartments, retail space, and a public promenade on the river are included in the first phase.
When all phases are complete, the project will have 1,678 residential units, 330 hotel rooms, 196,882-square-feet of retail space, and 98,040-square-feet of office space.
(photo: GT McDonald)
