Developers plans to build 50-story residential building in Miami Beach

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Developers are planning to build the Miami Beach’s tallest building on the city’s front doorstep, Miami Herald reports.

The residential tower, designed by international architecture firm Perkins + Will, would rise 50 stories at the foot of the flyover.

A six-story waterfall and three-acre public park would take the place of a dilapidated hospital and parking garage that now greet the millions of visitors streaming into South Beach from the MacArthur.

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With only four units per floor, the condos would go for $2 million, with penthouses running in the $10 million range, according to Matthew J. Allen, executive vice president of the Related Cos., which would develop the project in cooperation with Crescent Heights.

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