March 4, 2014
Plans for the future MaxMiami skyscraper, originally approved by the city in 2007 for commercial use, have changed to feature high-end residential space.
Miami-based developer NR Investments purchased the property, at 1630 Northeast First Avenue between the Omni and Edgewater neighborhoods, in a bankruptcy auction for $7.3 million last October.
The original vision for the 32-story tower, which included a studio space, offices and hotel, has now been mostly nixed.
The new plans feature 536 luxury apartments designed by CFE Architects. The redesigned building would also now house about 10,000 square feet of commercial space, along with a 650-spot parking garage.
Source: The Real Deal