Three Hundred Collins, aptly located on 3rd Street and Collins Avenue in South Beach, broke ground with a whopping 70 percent sold.
Only six of 19 units remain in the luxury South-of-Fifth project being developed by JMH Development.
"We are thrilled to commence construction on Three Hundred Collins and bring our vision of these unique residential retreats to life, right in the heart of South Beach," JMH Founder Jason Halpern said. "Three Hundred Collins will feature a level of design, quality, and attention to detail unlike anything else South of Fifth."
The five-story residence is being designed by Thomas Juul-Hansen, with remaining units ranging in price from $1.7 million to over $9 million. Amenities include a 75-foot saltwater pool and hot tub on the roof.
Prime 112's Myles Chefetz is among the buyers, having purchased a unit in December.
Three Hundred Collins is expected to be completed in 2017.