Metropolitan Miami, to be built on six acres in the heart of Downtown, will consist of three luxury high-rise residential towers with a total of 1,500 condominium and apartment units--Met 1, Met 2 and Met 3--a lifestyle/entertainment center called Met Square, 10,000 sf of office space, parking, pedestrian-friendly open piazzas, as well as tree-lined walkways and loggias. The final project could have up to six upscale casual-to-fine dining restaurants and upscale retailers. Metropolitan Miami will have about 220,000 sf total of retail, entertainment and lifestyle center space.

"Metropolitan Miami is not just a real estate development, it is a brand new, completely dynamic urban neighborhood," Tim Weller, vice president of development for MDM Development Group, says in a statement. MDM, with architects, interior designers and urban planners/landscape architects, will transform the existing parking lots into Metropolitan Miami over the next five years.

Met 1, the first of three planned residential towers, will feature 40 stories and 447 condominium units, including classic one-, two- and three-bedroom floor plans, lofts, tower suites and penthouses. The L-shaped building has unobstructed views of Biscayne Bay and the city. These units are priced from the $190,000s. In addition, the building's first and second floors will have pedestrian-friendly retail and restaurant space.