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41-story, 544-unit residential tower is proposed for the former Mexican Consulate site in Miami's Brickell. The project would include 9,400 square feet of ground-floor retail and 421 parking spaces on a 1-acre assemblage at Southwest First Avenue and Southwest 14th Street. Chilean developer Claudio Fischer bought the site for $53 million in 2020 and has an agreement to sell it to Key International, led by the Ardid family, although details of the sale are not disclosed.

    The project is subject to Miami-Dade County regulations due to its location in a Metromover Subzone. The developer, CF TSG Brickell, has requested a pre-application meeting with county staff to gauge their input before filing an official application. Fischer's company also owns a waterfront mansion on Palm Island that was sold for $40 million last year.

    The Ardid family's Key International has a significant development record in South Florida, including the completion of the Ivy and Mint condo towers in Brickell. The firm is currently working on several other projects, including a proposed 51-story office tower at its headquarters building and an 80-story condo tower behind the First Miami Presbyterian Church.

    The proposal for the former Mexican Consulate site is one of many new developments planned for Brickell, with several other projects announced in recent months. These include a 26-story apartment tower, a 37-story condo tower, and an 80-story mixed-use tower.