In December 2015, Miami Commissioners approved the $30 million Riverside Wharf project along the Miami River, but it was given the green light by voters on Tuesday March 15th.

The deal gives developers Alex Mantecon and Guillermo Vadell, who also developed The East Coast Building, a 30 year lease with the option for two 10 year extensions. They will also pay a minimum $195,000 rent to the city.