The tower was announced in February to be built in Park West, on the opposite corner of the E11even club.
As of late May, around 70 percent of units were sold, PMG managing partner Ryan Shear told The Real Deal. PMG is developing the project along with Michael Simkins’ Lion Development Group, and Marc Roberts Companies.
West Eleventh Residences is planned to include 639 residential condo units (allowing short-term rentals), along with a 30,000 square foot tri-level “experiential” entertainment and food hall.
The tower is planned to rise 482 feet above ground, or 493 feet above sea level, according to a March filing with the FAA.
In April, demolition permits to clear the site were approved by Miami’s Building Department.