Floridian Development

Moss Construction Tops Out Elemi at Grove Village Phase 2, Planned to Add 27 Apartments

Moss Construction Tops Out Elemi at Grove Village Phase 2, Planned to Add 27 Apartments

Construction has topped out on the second phase of Elemi at Grove Village, a five-story luxury development in Coconut Grove that will add 27 apartments to a block that has quietly been taking shape for the better part of two years. The project broke ground at the end of 2025 and hit the milestone toward the end of March, with local general contractor Moss Construction announcing the achievement as the structure reached its full height. Elemi Phase Two is being developed by Silver Bluff Development in partnership with Abbhi Capital, and marks the second project the team has brought to the block. The first phase launched successfully last year, delivering 46 rental units, with Moss serving as general contractor on that project as well. Once phase two wraps up, the developer plans to shift its focus to another parcel in Coconut Grove for a much larger project called Bimini Block. All of the developments sit within an opportunity zone, making them eligible for certain tax benefits. Located at 3384 Grand Avenue, the assemblage fronting the avenue was acquired in 2021 and 2022 for $4.4 million. Recent aerial photos released by Moss show the building’s shell nearly complete, with roof installation now underway. Window installation, balconies, facade work and other finishing touches are expected to follow as the project moves toward a completion date early next year. “Moss is proud to celebrate this milestone alongside Silver Bluff,” said Fernando Del Campo, vice president and project executive at Moss, in a press release. “The topping out of Phase 2 is a testament to the strength of our partnership and the dedication of the team working on the project every day. We remain focused on delivering this luxury community with a keen eye for detail, which Moss is known for.” One of the more distinctive features of the development is its layout. Each of the 27 residences will feature a two-story floor plan, with units ranging from one to three bedrooms and each offering its own private terrace. Shared amenities will include co-working spaces, gathering areas, a fitness center and a pool, and more. Pre-leasing is expected to begin later this year. At street level, the building will include 3,111 square feet of retail space geared toward food and beverage uses, along with wider sidewalks, public seating, and additional street foliage. While official elevations have not been released, the building likely topped out at around 60 feet, consistent with height in the surrounding area. The project has not been without criticism. First reported by Coconut Grove Spotlight, some residents have raised concerns about displacement in what is a historically Black neighborhood, pointing to the market-rate nature of the development. Neither phase one nor phase two includes workforce or affordable housing. The developer has acknowledged the concern, however, and says a separate project aimed at below-market rents is in the works for another site in the West Grove.

West Palm Beach Approves Land Transfer for 100% Affordable Development at 2823 Broadway

West Palm Beach Approves Land Transfer for 100% Affordable Development at 2823 Broadway

A vacant lot on Broadway could soon become home to 151 affordable apartments, after West Palm Beach commissioners cleared a major hurdle for the project this week. The proposal is led by 2823 Broadway QOZB LLC, a partnership between New York-based Procida Development Group and Miami’s Tre Bel Housing Development Group. Their plan calls for a seven-story building delivering entirely affordable units, along with ground-floor retail and new public space improvements along a stretch of Broadway that has long been ripe for investment. At the center of this week’s action was the city’s decision to transfer a series of publicly owned parcels to the development team at no cost, a move that marks a shift from earlier expectations that the land would generate some form of payment. The approval, granted unanimously on Monday, applies only to the conveyance itself, with additional steps including an upcoming site plan review still required before the project can move forward in full. The development footprint is made up of a seven-lot assemblage spanning both city-controlled and privately held land. Five of the parcels, located at 2815 Broadway, 2813 Broadway, 2803 Broadway, 601 27th Street and 611 27th Street, are currently owned by the city, while the developer controls the remaining sites at 2823 Broadway and 610 28th Street, bringing the full project area together. Plans for the nearly $68 million development outline 151 units in a mix of studio, one-bedroom and two-bedroom layouts, all priced at or below 80% of Area Median Income. Affordability is distributed across multiple tiers within that structure, with 27 units reserved for households earning 30% or less of AMI, 85 units targeting those between 31% and 50%, and the remaining 39 units set aside for households earning between 51% and 80%. Rents are expected to range from approximately $614 at the lowest end to $2,104 at the highest. Beyond the residential component, the project is positioned to reshape the ground level of that stretch of Broadway in a meaningful way. Plans call for 5,000 square feet of retail space, wider sidewalks, additional greenery and a 7,500-square-foot pocket park, elements intended to bring both activity and public-facing improvements to the corridor. Retail space and units will be supported by a 166-space parking garage in the back of the development, largely hidden from public view. Unlike most apartment development, this development will not feature a pool deck (given the affordability limitations). The effort to redevelop the site dates back several years, when the City Commission designated the collection of properties as surplus and launched a formal solicitation process aimed at maximizing their development potential. Proposals were expected to deliver mixed-use projects capable of acting as catalysts for the surrounding area, with a particular emphasis on affordable and workforce housing. That process ultimately led to the selection of 2823 Broadway QOZB LLC as the sole developer. Alongside the physical development, the agreement includes a set of community benefit requirements tied to the project’s execution. At least 15% of on-site construction workers must be city residents, and no less than 18% of contractors and subcontractors are required to be small businesses based within the city. As planning continues, the development team is also pursuing multiple avenues to reduce upfront construction costs, including tax credits, loan programs and other financing mechanisms that could come into play as the project advances. Several approvals remain before construction can begin, but the land transfer signals a clear step forward, moving forward a project that has been in the works for years.

Third Phase of Nora District Moves Forward After Key City Approval

Third Phase of Nora District Moves Forward After Key City Approval

Plans for a new rental community in West Palm Beach’s Nora District are moving forward, after developers secured unanimous approval from the city’s Downtown Action Committee. The project, led by NDT, Place Projects, Young Capital Ventures, and Wheelock Street Capital, is marking the next phase in the area’s ongoing, anticipated transformation. Set to deliver 350 residential units to a 2.8-acre site at 456 11th Street, the development is part of a larger five-acre assemblage fully controlled by the project team. This phase follows earlier progress in the district. The first phase, focused on retail, has already opened with rising occupancy. A second phase, which includes a hotel, is nearing completion. The newly approved rental community will be one of two buildings planned for the site. A separate condominium building is still moving through the approval process. Within the approved plans, all 350 units will be rentals, spanning one-, two-, and three-bedroom layouts. Of those, 298 units will be offered at market rates, while 52 will be set aside as income-restricted housing. The workforce component is tiered: 26 units are designated for households earning between 81% and 100% of the area median income, 14 units for those earning between 61% and 80%, and 12 units for households earning 60% or less. That affordability mix is tied to the city’s Downtown Master Plan housing incentive program, which allows developers to increase building size and density in exchange for public benefits such as workforce housing. During the committee meeting, a board member asked about pricing, and a preliminary estimate placed market-rate rents at around $10,000 per month. In terms of design, the project calls for an 11-story building rising about 145 feet, with floor-to-ceiling windows, glass balconies, and high-quality exterior materials. A four-story podium will contain 545 parking spaces, integrating structured parking into the base of the building. At street level, Morris Adjmi and Cube 3, the architect of record, have thoughtfully designed the project around pedestrian activity. Plans include 16,819 square feet of commercial space, along with townhomes facing 10th Street and loft-style units along 11th Street. Wide sidewalks and landscaped edges are intended to create a more walkable environment around the site. The proposal required several approvals to move forward. The development team received variances, site plan approval, and permission to vacate an alley, which will allow for a larger building footprint. While the alley is no longer in use, its historical status and removal triggered additional review. Other adjustments were also approved. These include a reduction in required seating within open-space areas, where meeting code standards would have limited circulation, as well as an increase in shade and weather protection elements beyond what is typically allowed. City staff had recommended approval ahead of the meeting, and the committee ultimately supported the full request. Still, some concerns were raised during the discussion, particularly about landscaping. Board members noted that the proposed palm trees may not provide sufficient shade. In response, the development team said it will continue working with staff to refine the landscape plan and address outstanding details as the project moves forward.

Inspire Sweetwater, a 29-Story Student Housing Tower, Approved in Sweetwater

Inspire Sweetwater, a 29-Story Student Housing Tower, Approved in Sweetwater

A 29-story student housing tower is set to rise in Sweetwater after city officials approved a series of key items this week, clearing the way for one of the tallest and most densely planned developments in the area. The project, known as Inspire Sweetwater, is being developed by Aguadulce R.E. Venture. The firm is an affiliate of Capstone Communities, a national developer focused on student housing. Plans call for 400 units, consisting of 1,600 beds, a scale that reflects the growing demand for off-campus housing near Florida International University and the increasing intensity of development in the city. The tower would replace four existing apartment buildings on a site spanning 10720 and 10710 Southwest Second Street, as well as 10725 and 10715 Southwest Third Street. The developer assembled the properties for more than $13 million in 2024, and is expected to demolish the structures ahead of a planned groundbreaking in quarter one 2027. According to plans submitted to the city, the building will offer a wide range of unit types, from studios to six-bedroom apartments. That mix, which allows for a higher number of beds per unit, is common in student housing developments where shared living arrangements are typical. The project will not include ground-floor retail, but it’s designed to incorporate a series of communal spaces. Plans include a nearly 7,000 square foot plaza, multiple lobby areas, a leasing center, and widened sidewalks. Inside, more than 35,000 square feet has been set aside for amenities such as study rooms, lounges, a pool deck and a fitness center, along with outdoor terraces overlooking the surrounding neighborhood. Parking is a defining feature of the proposal. The development would include 1,618 parking spaces and more than 50 bicycle spaces. That ratio, one space per bed with visitor parking, exceeds what is typical in many projects. However, given Sweetwater’s restrictive code and limited transit options, the approach is not entirely unexpected. The building, designed by Niles Boston Associates, is planned as a U-shaped structure rising from a 10-story podium. Elevations show a gray and white facade, with more glass and variation along Southwest Third Street and a larger podium presence along Southwest Second Street. The tower is expected to reach approximately 344 feet, exceeding the city’s standard height limit. To reach that scale, the developer sought several variances, including permission to increase the maximum height from 320 feet to 344 feet, reduce required ground-level open space, and allow up to six beds per unit (above the city’s typical cap of four). The Sweetwater City Commission approved those requests unanimously at a meeting on April 6th. Even so, the discussion drew attention to the project’s impact on current residents. Commissioners raised concerns about the displacement of tenants living in the buildings slated for demolition. A representative for the developer said the units are leased on a month-to-month basis and that residents would be given adequate time to relocate. With those approvals in place, the project is expected to move forward. There are currently multiple highrises planned, completed, or under construction in Sweetwater. About a decade ago, the city had zero.

Continuum Proposes 25-Story Singer Island Gateway at 2525 Lake Drive, Riviera Beach

Continuum Proposes 25-Story Singer Island Gateway at 2525 Lake Drive, Riviera Beach

A prominent waterfront parcel on Singer Island is poised for a dramatic transformation, as a new luxury high-rise proposal begins to move through Riviera Beach’s approval process. The project, led by Continuum Company, would introduce a 25-story residential tower rising roughly 350 feet, making it the tallest proposal yet for the site and one of the most significant additions to the area’s evolving skyline. Known as Singer Island Gateway, the development is planned across a multi-parcel assemblage at 2401, 2405, 2425, 2429, and 2525 Lake Drive. Altogether, the site spans just over three acres. Continuum has already secured ownership of six of the seven parcels, with the final piece expected to close in the near future, completing the footprint needed for the full development. Early plans outline a project exceeding 700,000 square feet, featuring 298 residential units. The offering is designed to span a wide range of product types, from townhouse-style residences to one-, two-, three-, and four-bedroom units. Amenities are a central feature of the development, with proposals including a lap pool, spa, padel court, pickleball court, and 16,872 square feet of indoor amenity space. At the ground level, the project aims to create an active, publicly accessible waterfront edge. Plans call for 2,894 square feet of retail space and 9,247 square feet dedicated to restaurant use, alongside a baywalk that will run along the water and remain open to the public. The surrounding site plan further emphasizes public realm improvements, including expanded sidewalks, extensive landscaping, and a 25,000 square foot civic plaza planned for the southern portion of the property. Above this activated base, a multi-level parking podium will accommodate 663 vehicles, providing more than one space per residential unit. Renderings by Arquitectonica depict a glass-covered tower defined by floor-to-ceiling windows, large balconies, and softened, curved edges. The building is expected to rise 25 floors, with additional floors serving as mechanical floors, bringing the total apparent height closer to 29 stories. The proposal was first reported by Carolyn DiPaolo of Stet News, who noted that the developer has already launched a dedicated project website. According to those materials, the planned civic plaza alone is expected to cost approximately $14 million, highlighting the scale of the public-facing investment. The project is also expected to participate in the city’s Minority Employment and Affordable Housing Opportunity Plan, a framework that, according to Stet News, allows for increased density and height in exchange for targeted community benefits. Even before formal public hearings have begun, the proposal has drawn noticeable opposition from nearby residents. Concerns have focused on potential impacts to the surrounding environment, particularly related to shadows and nearby wildlife impacts. In response, Continuum has conducted a sun and shadow study, concluding that the project would not create adverse effects. The developer has also consulted with environmental experts, who found no expected threat to marine life in the vicinity of the Blue Heron Bridge. From an economic standpoint, the project could become a significant contributor to the city’s tax base, with estimates placing annual tax revenue at approximately $4.5 million. The road ahead, however, remains unknown and public. Before construction can begin, Singer Island Gateway must secure approvals from the Planning and Zoning Board, the city’s Community Redevelopment Agency, and ultimately the City Council. While the site has seen prior development proposals, none have approached the scale or height now being considered, setting the stage ahead.

Bromley Companies Files Plans for a 23-Story Residential Tower in Midtown Tampa

Bromley Companies Files Plans for a 23-Story Residential Tower in Midtown Tampa

In Tampa’s Westshore district, the final undeveloped parcel within Midtown Tampa may soon give way to a new residential high-rise, marking the last major addition to a mixed-use neighborhood that has steadily taken shape since 2019. Plans were recently submitted for a 23-story tower on a 1.39-acre site at 3615 West Cypress Street, a parcel that is being used primarily for surface parking. The site sits within the broader 19-acre Midtown Tampa development, where zoning approvals for a project of this scale have already been secured, situating the project for a relatively smooth path through the city’s review process. The application comes from Bromley Companies, which has played a central role in shaping Midtown Tampa, including the recent completion of an 18-story office building that now serves as the headquarters for TECO. While Bromley is listed as the property owner, the development lists the developer as B-W MTS, LLC, an entity associated with MTS Securities. According to preliminary plans, the project, referred to as Midtown South Tower, will deliver 339 residential units. The unit mix includes 15 efficiency apartments, 296 one- and two-bedroom units, and 28 larger residences with three or more bedrooms. Full details on amenities have not yet been released, though the scale of the building suggests a comprehensive residential offering. In addition to housing, the tower will incorporate 10,481 square feet of retail or co-working space on levels one and two, activating the street level along Bromley Grand Avenue within the development. In contrast, the project’s parking structure will be oriented toward West Cypress Street, where portions of the garage will remain visible. The development includes 546 parking spaces, slightly below the 553 spaces required under code. However, the developer notes that Midtown Tampa as a whole maintains a surplus of parking capacity, which could be used to offset any shortfall at the site if necessary. Early elevations by Rule Joy Trammell + Rubio Architecture indicate the tower will rise 253 feet to the roofline and roughly 270 feet at its highest architectural point. Design details remain limited, although the parking podium appears more articulated. Plans show a mix of windows, artistic canvas screening elements intended to cover the structure’s podium, and sections of exposed garage. With rezoning already in place, the proposal is now moving through the city’s approval process, where it is expected to advance as the final piece of a development that has come to define Tampa’s evolving Westshore skyline.

One of Miami Beach’s First Live Local Projects, 1826 Collins Avenue, Heads to Planning Board

One of Miami Beach’s First Live Local Projects, 1826 Collins Avenue, Heads to Planning Board

On a narrow stretch of land along Collins Avenue in Miami Beach, a 15-story residential tower is advancing through the city’s approval process, marking one of the city’s first Live Local projects to inch closer to groundbreaking. The project, planned for 1826 Collins Avenue and led by Lefferts, a close affiliate of Russell Galbut’s Crescent Heights, is among a growing number of developments shaped by Florida’s Live Local Act, a sweeping housing law that is reordering how projects are reviewed and approved across the state. In Miami Beach, where development has long been subject to intense public scrutiny, the shift is particularly pronounced. Later this spring, the proposal will appear before the city’s Planning Board. But the hearing will not center on the building itself. Instead, board members will consider a more mundane question: whether to grant a conditional use permit for a mechanical car elevator that will be used to store and retrieve vehicles on the property. That distinction is key. Under the Live Local Act, projects that meet certain affordability thresholds can move forward administratively (without the public hearings that often define development battles in cities like Miami Beach). In this case, the tower is already proceeding internally. The Planning Board’s role is limited to the parking system, not the viability of the project as a whole. First reported by Floridian Development in August 2025, the development has taken shape as a glass-clad tower designed by Built Form Architecture. A formal application dated March 6th, 2026 outlines a mixed-use building with 29 residential units, exactly 3,500 square feet of office space, and 35 parking spaces, slightly fewer than the 37 originally proposed. The project is scheduled to go before the board on May 5th. Like other Live Local projects, it incorporates a significant share of below-market housing. 40% of the units, or 12 apartments, will be reserved for households earning up to 120% of the area median income. Those units are expected to be compact, ranging from roughly 400 to 475 square feet. The remaining apartments will be sold at market rates, including one-bedroom units with dens and a two-bedroom penthouse. The constraints of the site have shaped much of the building’s design. The parcel measures just over 9,500 square feet, leaving little room for a conventional parking structure. Rather than building a multi-level garage, the developer is proposing a system in which cars are moved by elevator and stored out of view, operated exclusively by a valet. Supporters of the approach say it allows the building to meet parking requirements without sacrificing design quality. A traditional garage, particularly on a site this small, would likely dominate the structure’s lower floors and require additional concrete. By contrast, the elevator system concentrates parking into a smaller footprint and preserves the building’s exterior aesthetics. Plans indicate the tower will rise to 241 FT, measured to the top of the elevator core. Each unit will include a balcony, and residents will have access to a rooftop pool above the 15th floor. For city officials, the upcoming vote is procedural. For developers and housing advocates, it is something more. In Miami Beach, where development proposals have often drawn vocal opposition, that change is already becoming visible. At 1826 Collins Avenue, the approval of the project as a whole is no longer up for debate. What remains is more of a technical, required process. This is not the only Live Local Act project pursued by the developer and its affiliates, nor by other groups, with nearly a dozen such proposals having emerged across the city so far.

Hollywood Approves Next Step for Portofino Condo Project Amid Ongoing Opposition

Hollywood Approves Next Step for Portofino Condo Project Amid Ongoing Opposition

A controversial high-rise development in Hollywood is moving closer to reality after Related Group secured key backing from the city’s commission for its proposed Portofino Hollywood project. First introduced in 2020 as an unsolicited proposal, the plan has gone through several years of negotiations with city officials. That process led to the approval of a land lease in 2022, setting the foundation for the project’s advancement. Most recently, commissioners voted 5–2 to approve a land-use change, marking another critical step forward. The proposal calls for the replacement of the aging Hollywood Beach Culture and Community Center, along with a broader redevelopment of Harry Berry Park. Plans include upgraded public facilities and an increase in green space, paired with a luxury condominium tower on the same site. Supporters say the agreement provides significant long-term public value. Under the approved terms, the city would enter into a 99-year lease projected to generate about $71 million in rent following condo sales and more than $1.3 billion over the full term (among other benefits). Even so, the project still requires another round of approvals. A revised development agreement must return to the commission later this year because of design changes made since the original 2020 submission. City officials expect the updated proposal to maintain the same core public benefits, despite changes. Opposition has remained consistent throughout the process. Critics say the project could alter the character of Hollywood Beach and strain local infrastructure. In fact, pushback has repeatedly cited the city’s Planning and Development Board unanimously recommending denial of the land-use amendment, though the commission ultimately voted to override that recommendation. Some residents have also pushed for a public vote on the issue. That effort nearly became policy through a proposed charter amendment that would have required voter approval before the city could lease or sell certain public properties. The measure failed due to a technical error in its ballot language. In response, the city passed an ordinance preserving its intent, and a corrected version is expected to appear on the ballot in November 2026. However, because Portofino’s agreements were initiated before these measures, the new rules are unlikely to affect the project. According to reporting from the Sun Sentinel, the $375 million development is expected to break ground in late 2026. Updated plans show a reduced scale, with 111 residential units instead of 190 and a height of 27 stories rather than 30. Units are expected to start at $4 million and will include 11-foot ceilings, large floor plans, and expansive balconies. While full details of the amenity package have not been released, the project is expected to include high-end offerings consistent with other luxury developments. As part of the agreement, the developer will fund improvements to Harry Berry Park, expanding its green space by about 70%. The city will be responsible for building a new three-story community center, estimated to cost $20 million. Plans for the center include event space, a cafe and restaurant, and views of the ocean. The project will also incorporate 133 public parking spaces within its base to serve both the park and the community center. Designed by Skidmore, Owings & Merrill, the tower is planned to rise about 327 feet to the roof, or roughly 340 feet at its highest point. The building will feature floor-to-ceiling glass, expansive decks, and integrated greenery, aiming to introduce a more contemporary design to Hollywood Beach’s largely older skyline. A final commission vote is expected later this year. If approved, the project will move into its next phase as one of the most closely watched developments along the city’s beachfront.

El-Ad Proposes Luxury Tower at 7913 West Drive in North Bay Village

El-Ad Proposes Luxury Tower at 7913 West Drive in North Bay Village

A new high-rise residential tower is moving through the approval process in North Bay Village, adding to a growing wave of development proposals and active construction across the city. Planned for 7915 to 7913 West Drive, the project is being advanced by El-Ad Group, which is seeking city approval for a 26-story building. The proposal follows the firm’s recent activity elsewhere in South Florida, including its involvement in The District in Davie, a four-tower development currently underway. Designed by Garcia Stromberg, the North Bay Village project calls for 94 residential units and is scheduled for review by the Planning and Zoning Board on March 31st, where it’s expected to receive approval. The site has already been the subject of a prior development proposal. S2 Development previously secured approvals for a 22-story project known as Marina View, also planned with 94 units but at a lower height. That earlier plan required multiple zoning modifications, including bonus height and an increase in density from the base 72 units to 94. El-Ad acquired both the property and its entitlements from S2 Development in May 2025 for $20 million, with a $10 million loan from Metropolitan Commercial Bank backing the purchase. The developer is now returning to the city with revisions to the approved site plan and development agreement. While the unit count and previously approved setbacks remain unchanged, the updated proposal seeks to increase the building height from 240 feet to 298 feet, along with several additional modifications. Plans submitted to the city indicate the residences will be designed as larger, “family-oriented” units. Sizes will start at 1,158 square feet, with a mix of 20 one-bedroom units, 29 two-bedroom units, 35 three-bedroom units, and 10 four-bedroom units. Amenities are planned for levels 7 and 20, each offering expansive indoor and outdoor spaces. While detailed programming has not been disclosed, typical features in comparable developments include fitness centers, spa facilities, and recreational areas. Units will include large balconies and nearly 11-foot ceilings, with the building oriented to capture panoramic waterfront and city views. At street level, the project does not include retail space but will feature a private drop-off area, a residential lobby, and additional amenities. A total of 201 parking spaces is proposed. While the previous approval required a parking variance, the updated plan complies with revised city requirements that adjust parking requirements, though the developer is requesting approval for 14 compact spaces (which are not permitted by right). Architectural plans show a 298-foot structure rising to 308 feet at its highest point. The design emphasizes floor-to-ceiling windows and curved balconies. A rectangular cutout near the upper floors will frame views from the 20th-level amenity deck, which is expected to include an infinity pool. City staff has recommended approval of the requested modifications, noting that the changes are relatively limited beyond the increase in height. With several taller and denser buildings located nearby, the proposal is widely expected to advance through the approval process.

Work Starts on Citadel’s $2.5 Billion Miami Headquarters

Work Starts on Citadel’s $2.5 Billion Miami Headquarters

Work is now underway on Citadel’s new global headquarters at 1201 Brickell Bay Drive in Miami’s financial core, with crews beginning deep soil mixing on-site, marking the first visible step toward construction. Deep soil mixing (or DSM) is a construction method used to strengthen the ground by blending cement with existing soil to form solid columns. This improves the site’s ability to support the tower and reduces the risk of settling, an important step given South Florida’s challenging soil conditions. This early work comes after a delay in the project’s original timeline. Citadel had initially targeted a Q3 2025 groundbreaking, but with site activity now underway, vertical construction could begin in 2026, depending on permitting. The project is being developed by Related Companies, with Foster + Partners leading the design. Field Operations is serving as landscape architect, Kimley-Horn as civil engineer, and Adamson as architect of record. The site sits along Biscayne Bay, where Citadel purchased the waterfront parcel for $363,000,000 in 2022, during a surge of investment in Miami that appears to be only accelerating. Since then, costs have risen significantly. The project has grown from $1 billion to $2.5 billion, a $1.5 billion increase largely driven by higher construction costs. Even so, Citadel remains committed to moving forward. Recent photos taken by Ryan Rea show DSM work actively progressing, reinforcing that momentum. This activity is backed by an approximately $11,000,000 soil improvement permit issued by Miami-Dade County. While permits for the foundation and vertical structure have not yet been filed, the start of ground work marks a key early milestone. Visible equipment on-site includes a DSM rig used to drill and mix soil columns, along with a yellow silo labeled “Keller,” the foundation contractor overseeing the deep soil mixing work. The silo is used in the process to supply the cement used to strengthen the soil. Additional machinery is staged to support ongoing soil stabilization as further permits are pursued. This type of ground preparation is not unique to the project. A similar approach was used at the site for Waldorf Astoria Residences Miami, the city’s only supertall under construction. Once completed, Citadel’s headquarters will total 2,118,650 square feet. This includes 1,485,174 square feet of office space, 212 hotel rooms, 50 on-site parking spaces (with additional off-site parking), and ground-floor retail. The tower will rise 63 stories to a height of 1,043 FT. At the ground level, the development will also reshape part of the waterfront. Plans call for a new baywalk segment with wider sidewalks, public art, and landscaped areas, designed to connect directly into the building while improving access along Brickell Bay Drive. Inside, the tower will be organized in tiers. An elevated lobby will lead into office floors, followed by a hotel component extending to level 59. Above that, levels 60 through 62 will house mechanical systems and form part of the crown, while level 63 will feature a private amenity deck with pools, a bar, and other offerings. Although no official completion date has been announced, the scale of the project suggests a construction timeline of at least five years. If a full groundbreaking takes place this year, completion would likely fall in the early 2030s.