The planned two tower Faena Versailles Classic and Faena Versailles Comtemporary in the Faena District has been put on hold and may by turned into a hotel instead, according to The Real Deal.
Just a year ago, Faena House and Faena Hotel Miami Beach were completed, while construction progressed on Faena Bazaar and Faena Forum.
The almost completed Faena Forum is expected to open November 27, in time for Art Basel 2016.
Previous construction photos of the Faena District including Faena House and Faena Hotel Miami Beach can be viewed here.