Tampa-based development firm Mercury Advisors plans to begin construction of the third tallest building in the Tampa Bay Area in early 2019, according to 83 Degrees.

Dubbed Elevé 61, the 382-feet tall, 35-story building will offer just two units on each floor. Each unit will have three bedrooms and three bathrooms in approximately 2,500 sq. ft.

The project is designed by Orlando-based architectural firm Scott + Cormia.

Last month, Mercury Advisors announced obtaining a construction loan for $74-million. The firm bought the Elevé site at East Whiting St. and Channelside Drive in 2006.

Construction of the tower will begin early next year and is expected to take 18 months.