The development, to be built on nearly 190 acres and designed to be an urban village, has been named Biscayne Landing at North Miami. The condos will cost between $250,000 and $1 million. The sellout value of the units is $2.5 billion. The condos will be housed in buildings from 4 to 25 stories.

The three-phase project will contain 600 to 700 units in the first stage, a spokeswoman says. It will offer two-, three- and maybe four-bedroom condos with ceilings at least 9 ft high. The average unit in the first phase is planned to be 1,500 sf.

The town commons is expected to include coffee shops and cafes that will compliment Biscayne Landing's soon-to-be developed schools, lakes and parks. Excavation began at the property Jan. 31 with a picnic lunch celebration including Brian Street of Boca Developers, based in Boca Raton, FL, and Michael Swerdlow of Swerdlow Real Estate Group in Hollywood, FL.