Revived from the recession. Received FAA approval for construction, it is pretty much almost approved and also received a redesign. The tower is staring its sales and marketing.
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Quote:
Paraiso Bay, the recently renamed twin 55-story tower project formerly known as Element, has been given the go ahead from a Miami review board. Developer Related Group is moving to begin sales and marketing.
The City of Miami Urban Design Review Board last week recommended that Planning and Zoning director Francisco Garcia approve the project. The board requested that Related work with city staff to develop residential liner units in order to give the project a residential feeling from the street. The Board also asked for the western facade to be articulated to mitigate the impact to the abutting neighborhood.
While projects of this size generally do not require approval from the full City Commission, Related will need consent from the commission to close 31st street. Related Chairman Jorge Perez, who had commissioners eating out of his hand at a recent meeting, has apparently given the go ahead to begin sales and marketing for the project, anticipating an easy approval.
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http://www.exmiami.org/index.php/paraiso-bay-formerly-element-gets-green-light/