Planned Miami condo nixed for 393-unit apartment tower

In what’s becoming a trend for residential projects across Miami’s core, another developer is planning to swap out its condo plans in favor of rentals, according to The Real Deal.

Planned for 2000 Biscayne in Edgewater, the 393-unit development will rise 36 stories and include 455 parking spaces in an attached eight-story garage. Dorsky + Yue, based in Fort Lauderdale, is the architect and the residences range from studios to three-bedrooms.

The 0.75-acre site, which used to house popular restaurant City Hall, was acquired for $13 million in Spring 2016. Among the new rental developments to open in the area is Melody Tower.

Miami’s UDRB will review 2000 Biscayne project next week.