Perricone’s Marketplace in Brickell is one step closer to being demolished after the owner of the property applied for a demolition permit.

CitizenM Miami Brickell Properties, LLC filed for both a demolition permit and construction permit on November 30, city records show.

According to the demolition permit, a 9,000 square foot building will be demolished at a cost of $165,000. Suffolk Construction is listed as the contractor.

The preliminary construction permit lists a construction cost of $45,948,329. A total of 252 hotel rooms will be built over 19 floors, with Suffolk again listed as the contractor.

A tree permit was applied for in September, but still hasn’t been approved.

CitizenM purchased the property last year, but Perricone’s has remained open since then.

Source: The Next Miami