A hotel and retail building located in South Beach at 6th & Washington is now going vertical.

The assemblage spanning an entire block between 6th and 7th Street was acquired over 12 months between June 2014 and July 2015 for $32.75 million by Washington Squared LLC.

The hotel will have 312 rooms, 46,849 square feet of retail and a parking garage with 258 spaces.

Previously on the site was a 1 story building built in 1934 and designed by architect E.L. Robertson. On the corner of 7th and Washington was Friedman's Bakery, which was used to test a new color pallet that would kick off the the Art Deco preservation in Miami Beach. The façade of the building is being saved as part of the new design and construction.