Colorado's Aimco plans 61-story apartment-hotel tower in Miami

DENVER BUSINESS JOURNAL - A unit of Apartment Investment and Management Co. (Aimco) wants to build a 61-story tower and hotel in Miami's Brickell district and renovate an adjacent existing building.

The proposal by Aimco Yacht Club at Brickell, an affiliate of the Denver-based real estate investment trust (NYSE: AIV), would total 1.61 million square feet, including the existing 32-story apartment building of 634,081 square feet.

Including both buildings, the 2.41-acre site would have 750 residential units, 258 hotel rooms, 15,486 square feet of retail and restaurant space, 961 parking spaces in an 11-story garage, an amenity and pool deck on the 13th floor, and a pedestrian walk along Biscayne Bay.

Aimco spokeswoman Cindy Lempke said the project would be rental apartments. It has not decided on a hotel brand.

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