WATCH: Miami’s biggest concrete pour for Aston Martin Residences

Construction to go vertical this week on 818-foot tower

Jul.July 01, 2019 04:30 PM

Construction crews poured the last of 14,000 cubic yards of concrete at about noon on Sunday, marking the end of the foundation spread for the Aston Martin Residences condo tower in downtown Miami.

The marathon concrete pour began at 9 p.m. on Friday at 300 Biscayne Boulevard.

G&G Business Developments, led by the Coto family of Argentina, is developing the 66-story, 818-foot, 391-unit luxury tower. Coastal Construction is the general contractor.

Cervera Real Estate is handling sales and marketing of the building’s units, which range in price from $750,000 to $50 million for the largest penthouse. Presales are currently at about 50 percent, Alicia Cervera Lamadrid said.

Developer German Coto, CEO of G&G Business Developments, said in a release that he was happy with the progress of construction and sales.

The steel piles, which were installed in December, run 15 feet deep. Vertical construction is expected to begin this week.

The developer secured a $200 million construction loan from Brazilian lender Itaú BBA International in November.

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