A partnership that includes one of the developers behind several towers at Miami Worldcenter is planning a 45-story apartment project, according to The Real Deal.
Dan Kodsi and Rafael Pecchio closed on the purchase of 1317 and 1345 North Miami Avenue for $8.9 million. They are 50-50 partners in the new venture.
Kodsi is the developer behind the Paramount and Legacy towers at Worldcenter.
The property is located north of the Signature Bridge and outside Worldcenter’s boundaries. It is currently occupied by ABC Restaurant Supplies & Equipment, which can remain in place until construction begins.
The new project will include:
- 200 apartments
- Ground floor retail
- 8-story parking podium
Nomadas is the architect.
Pecchio said they expect to begin construction within a year.