Miami – UNFINISHED PROJECT - This 7 story building with 24 units is just west of downtown Miami. The 24 units consists of 1 & 2 BR units ranging in size from 600 to 900 sq ft. All 24 units are available as none of the preconstruction sales closed. Rents will likely be in the $1.20 per sq ft area. The units were originally sold at an average of about $320 per sq ft. Total sq ft of the building is approximately 18,000. The current value of the bank note is $3.9MM.