Argentinian developer submits plans for condo tower on former Epic East site

Riverwalk East paid $125M for the riverfront land in 2014

Mar.March 21, 2016 04:30 PM

A company tied to the Coto family of Argentina submitted plans for a 70-story, 384-unit condo tower on the former Epic East site in downtown Miami once owned by developer Ugo Colombo.

Riverwalk East Developments LLC revealed details of the residential tower at the Miami River Commission’s Urban Infill & Greenways Subcommittee last week, the Next Miami reported. As planned, the 817-foot tower would also include 561 parking spaces and a lighthouse on the top floor.

The luxury condominium, designed by Revuelta Architecture and Argentina’s Bodas Miani Anger, will include a spa and pool deck on levels 53 through 55, and units with private elevators. The Miami River subcommittee recommended approval with conditions that include a widened public riverwalk, riverwalk improvements and a public benefits payment.

Riverwalk East paid $125 million for the 1.25-acre parcel in 2014, emerging from a group of 15 bidders. Alfredo Coto’s family runs the large Coto Supermarkets chain in Argentina. They bought the site from developers Ugo Colombo and Diego Lowenstein, who originally planned to build EPIC’s second phase.

Coto also owns a 1-acre site south of the Miami River and near Brickell City Centre, at 195 Southwest Ninth Street and 161 Southwest Ninth Street. He paid $16.45 million for the parcels between 2014 and 2015. [The Next Miami] – Katherine Kallergis

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