Rebuild Miami-Edgewater LLC is facing a foreclosure lawsuit from a $34 million loan, according to The Real Deal. 

The 7.4 acre site, located on the corner of NE 2nd Ave and NE 17th St was purchased for $64 million in January 2015 with plans to build a Vib Hotel. The Vib Hotel would be 10 stories with 200 hotel rooms. 

Construction was supposed to break ground in November 2015.