A micro-condo tower that is around 40 stories tall is being planned by developer Related Group in downtown Miami, according to The Real Deal.
Site plan approval is expected in 45 days, Related VP Jon Paul Perez said.
The project will include 350 micro-sized condo units in a tower that will be approximately 400 feet tall.
Parking will be provided off site in a deal with the Miami Parking Authority.
Related acquired the 15,000 square foot assemblage of two properties at 225 and 233 North Miami Ave for $8.77 million.
Rovr Development is a partner on the project. The company is also developing the Parcel B rental tower directly across the street in partnership with the Miami Parking Authority, according to their website.