Construction permits have been issued for 697 North Miami Avenue, a 40-story mixed-use building planned to rise behind the 43-story Caoba tower at the 27-acre Miami Worldcenter development in Park West, Downtown Miami. Designed by Cohen Freedman Encinosa & Associates and developed by the CIM Group, the structure would rise 413-feet as part of the second phase of Block G. Plans for the second tower include 473,330 square feet (43,973 square meters) of new construction with up to 411 residential units and 4,103 square feet (4,103 square meters) of retail space. There would be no need for additional parking as the building will share the garage already attached to Caoba. Kaufman Lynn Construction, Inc. is listed as the general contractor.
The property is specifically located on the western frontage of North Miami Avenue between Northeast 6th and 8th Streets, adjacent to train tracks and north of Related Group and Merrimac Venture’s newly acquired 24,000-square-foot (2,229-square-meter) development site at 601 North Miami Avenue, where another major project is planned.
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