The Related Group is paying the city of Miami $15.5 million for extra density in its One Brickell project.
The developer is purchasing an extra 868,399 square feet of development rights. Various projects have recently made use of a city program that allows for the transfer of development rights from historically designated properties.
Located at 444 Brickell Avenue, the project will have three towers, starting with a 480-unit, 75-story condo building and a 55-story tower with 500 rental units, according to The Next Miami.
The last building will be an 80-story tower featuring 249 hotel rooms and 420 condo units, the site reports. [The Next Miami] – Chris Guanche