Work is underway in Edgewater on a Holiday Inn Express.
Developer Edgewater Hotel Land LLC was issued a $27.5m mortgage late last month, county records show. The loan can be increased to $55m, the documents state.
Test piles appear to have already been installed at the site. Records show that construction permits for foundation work, vertical construction, and tree removal are all now pending with Miami’s Building Department.
In addition to 207 rooms, the hotel will include 139 parking spaces and 2,850 square feet of ground floor restaurant space.
The Bentley Edgewater, a 36-story condo-hotel, was once planned for the property, but those plans were cancelled.