Kushner Companies is under contract to purchase the 2000 Biscayne site and plan to build an 1100 unit apartment building, according to The Real Deal.
The 32,775 square foot site was recently sold for $13.1 million to Enrique Manhard in October 2018 after purchasing it from Verzasca Group. When Verzasca Group own the land, they demolished the City Hall restaurant on the site and had plans to build a 36 story rental building with 393 units.
Kushner plans on financing the $550 million three phase project. The first phase, with 400 units will break ground third quarter this year.