Trio of residential high rises will transform this vacant spot in Brickell
Miami’s financial hub is slated for three new residential buildings, adding to the number of living options in the dense and trendy Brickell neighborhood.
Behind the SLS Brickell at 1300 S. Miami Ave., two 56-story towers and one 74-story tower are slated to transform 1420 S. Miami Ave., according to plans submitted to the city of Miami’s Planning Department and Office of Zoning. The vacant land spans approximately three acres. The project also includes 1,648 parking spaces and retail space on the ground floor.
Greenberg Traurig’s Iris Escarra submitted the plans on behalf of the applicant M-1420 S. Miami Ave. Owner, LLC, which is managed by Mast Capital CEO Camilo Miguel Jr.
American Da Tang Group, an affiliate of China Communications Construction Company U.S. International, acquired the block-size property in 2014 for about $75 million and still owns the land, according to property records.
Mast Capital and Escarra declined to comment.
The Coconut Grove-headquartered developer has other ongoing projects, including the redevelopment of the recently evacuated and oceanfront La Costa in Mid-Beach and a condo project near the Julia Tuttle Causeway.
Other developers are rushing to meet the demand for high-rise living in Brickell, including the Melo Group and Related.
This story was originally published July 30, 2021 at 7:21 AM.
