Work is now underway in downtown Miami to square off a site for one of two Supertowers at Brightline’s MiamiCentral property.
A small park in front of the Miami-Dade Civil Courthouse is now being demolished, photos show.
The site will be integrated into one of the Supertower sites at MiamiCentral.
Commissioners voted in 2015 to allow Brightline’s parent company to take control of the property and reroute a city street in front of the courthouse in order to expand the Supertower site.
The developer paid $14 million for the land, and will also contribute $500,000 to a fire station.
Records show that the twin supertall towers continue to move through the approval process as of this month. They will have a combined 2,007 residential units, 49,634 square feet of retail, and 2,136 parking spaces.
There is strong demand for apartments in the area.
Florida East Coast Industries announced this week that they have already leased over 90 percent of 816 apartments in the first two residential towers at MiamiCentral, in what the developer says is “record-breaking” sales velocity. Leasing began in the Spring of 2020.
The two towers known as ParkLine Miami are now listed for sale by Brightline’s parent, with an asking price of $500 million. In a press release, the company called it the largest single multifamily asset ever listed for sale in the Southeastern US.
ParkLine Miami is comprised of a 44-story North and 47-story South Tower.
The two new Supertowers will rise 83 stories, or 848 feet.