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GlobeSt.com UPDATE: Houston Developer Wins OK for Estimated $50 Mil Mixed-Use Project

MIAMI-Finger Development Co., a Finger Cos. affiliate, plans 437 apartment units, 19,400 sf of retail and 701 parking spaces on a four-acre site on Biscayne Boulevard. Area construction estimators tell GlobeSt.com it is at least a $50 million undertaking.

By David R. Corder | Updated on October 31, 2001

MIAMI-Finger Development Co., an affiliate of Houston-based Finger Cos., has successfully lobbied for a major-use special permit that allows development of a mixed-used residential-retail project on four acres in the 1900-2000 block of Biscayne Boulevard.

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.

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