Kushner Companies, which was once run by President Trump’s son-in-law Jared Kushner, has big plans in Edgewater.
The company is now planning a twin-tower rental apartment project at 1900 Biscayne with around 700 units, the developer told The Real Deal.
Across the street, Kushner will soon break ground on a tower at 2000 Biscayne with 400 units, bringing the total on both sides of the street to 1,100 units. 1900 Biscayne will be built as a second phase to the project.
Both properties are in an opportunity zone.
2000 Biscayne is expected to cost $160 million to build. The developer expects to achieve over $3 per square foot in rent by providing amenities that are superior to competing apartment buildings.
At 1900 Biscayne, a 36-story tower designed by Kobi Karp was once planned. The single tower design is now being scrapped in favor of two towers.
Kushner is also planning an apartment project in Wynwood. The 2000 Biscayne and Wynwood projects could break ground around the same time in the first half of next year.
Source: The Next Miami