New York developer Atlas Capital Group has submitted plans to build a 36-story residential project at 1900 Biscayne Boulevard.
Atlas bought the property last year for $13.6 million, with a $7.6 million loan.
Atlas is building close to the maximum permitted on the site. Plans call for 429 units, which is less than the 502 units that the zoning code permits on the lot. Miami 21 allows 500 units per acre, and the property size is just above one acre.
Under Miami 21, 36-stories is the maximum base height permitted on the site.
The 429 units include 27 studio apartments (just above 500 square feet), 248 1-bedroom units (ranging from 720 to 1,091 square feet), 149 2-bedroom units (997 to 1,366 square feet) and 5 penthouse units (2,167 to 3,312 square feet).
At the ground level, there will be nearly 13,000 square feet of retail space. Parking spaces for 620 vehicles will be provided.
Kobi Karp, whose office is down the block at 29th and Biscayne, is the architect.