[bobdreamz]

Apparently this deal goes back to May of 2013 with the developer & the City of Miami:

City Garage Getting 47 story Crown.
Written by Meisha Perrin on May 9, 2013

Forty-seven stories of residences, offices and amenities totaling 415,000 square feet will rise atop a Miami Parking Authority seven-story downtown garage between 56 and 70 SW First St. — while the garage itself will also be upgraded.

Last week the authority approved a proposal from Downtown 56 LLC to redevelop the garage, which the board agreed in April needed renovation.

Now, the company is set to restore the garage to adhere to Florida’s 2010 building code and to make it more aesthetically pleasing, said authority CEO Art Noriega, in addition to building a 54-story, $73 million tower.

Structurally, he said, the garage is in good shape. The problem is code and aesthetics.

Read more : http://www.miamitodaynews.com/news/130509/story7.shtml