Several tall towers are under construction in Edgewater, but Russian developer Verzasca Group wants to outdo them all.
Verzasca’s executive chairman says that the company is planning to build the tallest building in the neighborhood. The building will be ‘iconic,’ and is being designed by a ‘world renowned architect,’ he told The Real Deal.
Previously, a Verzasca representative said that they were in contract to buy 2000 Biscayne, the site of the City Hall restaurant. Verzasca’s offices are also located at 2000 Biscayne, according to the company’s website.
Darius Kasparitis, a former NHL player from Lithuania now living in Florida, told a Lithuanian publication that the tower will be 60-stories and have about 450 units. Kasparitis is a partner in the firm.
The group hopes to raise $700 million within a few years to fund the project, along with several others in the Miami area. Kasparitis wasn’t sure where funding would come from, but said it could be from a bank or investors.
Verzasca also plans a 19-story project with 76-units at the former Denny’s site in Sunny Isles. In Bay Harbour Island, the company is building Pearl House and Le Jardin Residences.