The Real Deal Miami

Brazilian developers bringing new condo to Miami

The downtown project would have 35 stories and 153 units
Renderings of Krystal Tower

Renderings of Krystal Tower

A group of Brazilian developers is bringing yet another new condo building to downtown Miami.

Dubbed Krystal Tower, the proposed structure would have 153 units and 35 stories, according to the South Florida Business Journal.

Krystal Investment Solution paid $3.5 million for the 22,500-square-foot site, located at 530 Northwest First Court, in February following a foreclosure.

Pricing starts in the $200,000s, and units range from 907 square feet to 1,330 square feet.

“Our goal is to develop a stunning tower with exceptional views, comfortable yet elegant living spaces, ample parking and the modern conveniences sought by urban dwellers, all at more attainable prices,” Ishak said. [South Florida Business Journal]Christopher Cameron