The two 45-story residential buildings will feature 896 condo units, restaurants, stores and a riverwalk. Related Group also plans to build a four-story, 30,000-sf retail structure next to the towers.
The developer plans to start the project in first quarter 2003. Condo prices will range from $140,000 to $400,000.
In a prepared statement, Cindy Meyer-Webb, Related's vice president and One Miami's project manager, calls the venture " the first downtown residential public-private partnership" that could become "a catalyst for future (Downtown) development."
Adjacent to Biscayne Bay and the north side of the Miami River, One Miami's three-acre lot will offer a downtown and waterfront view.
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