Hyperion plans to build 39-story Edgewater condo tower

Developer Hyperion Group has proposed a new condominium tower in Edgewater, set to be called Mbay.

Arquitectonica was tapped to design what would be a 39-story building between Northeast 26th Street and Northeast 26th Terrace. Hyperion will build 129 units, the maximum number allowed on the 0.85-acre property.

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Plans also call for 205 parking spaces on six floors, according to a report from ExMiami.

The developer, which is behind the Blue and Marina Blue condo towers in Miami, bought the land last year for $9.9 million. [ExMiami] Mark Maurer