The Real Deal Miami

Atlas Capital granted FAA approval for 1900 Biscayne

Developer bought site for $13.6M
March 13, 2015 10:30AM

1900 Biscayne Boulevard

Current building at 1900 Biscayne Bouelvard and a rendering of the future site

Atlas Capital Group has received approval for its proposed residential tower 1900 Biscayne, two months after submitting plans to Miami-Dade County.

The New York-based developer was given FAA approval to build the 36-story tower, which is being designed by Kobi Karp, a publication reported.

The tower will include 429 units, of which 27 would be studios, 248 one-bedroom apartments, 149 two-bedroom units and five penthouses.

Plans also include a 620-space garage and 13,000-square-feet of retail space, the Next Miami reported.

Atlas purchased the property — a collection of nine adjoined parcels — for $13.6 million last year. A 10,600-square-foot office building currently sits on 1900 Biscayne Boulevard. Smaller office buildings and vacant lots make up the rest of the property.

City National Bank granted Atlas $7.6 million in loans for the purchase last year. [The Next Miami] Sean Stewart-Muniz