*This project has been on hold since June 2009 & financing has already been secured for this project.
35-story Sonesta Mikado expects OK to build soon
By Yudislaidy Fernandez
Florida East Coast Realty, headed by Tibor Hollo, is hoping to get its construction permit from the City of Miami by month's end to begin building the 35-story Sonesta Mikado Hotel & Residences in the Omni area.
Construction of the hotel, residences and office space is estimated to cost north of $78 million, said Jerome Hollo, Florida East Coast Realty vice president.
"We are in the final reviews on the permit side," he said. "We are hoping by the end of this month to have a construction permit and could get started shortly after. That's our hope."
With financing secured for the project, slated for an empty site at 1701 NE Fourth Ave., this could be the first high-rise development to start in the Omni area this year.
The only other project soon to rise in the neighborhood is a Publix supermarket at 1776 Biscayne Blvd.
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http://www.miamitodaynews.com/news/110414/story5.shtml
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