Finger Development plans to build a multistory structure containing 437 residential units, 19,400 sf of retail space and 701 parking spaces.
Finger officials couldn't be reached at GlobeSt.com's publication deadline to learn ground-breaking plans and the development cost. But area construction industry estimators familiar with comparable projects, tell GlobeSt.com on condition of anonymity the proposed project can't be built for less than $50 million.
Finger Biscayne LLC petitioned the Miami City Commission, sitting as the planning and zoning board, to change the classification on the four-acre site to a central commercial-residential district from C-1 restricted commercial and R4 high-density multifamily residential.
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