West Eleventh Residences, a new tower planned to be built in Downtown Miami, has been experiencing a surge in sales. As of late May, around 70% of the units have already been sold, according to PMG managing partner Ryan Shear. PMG is developing the project in partnership with Michael Simkins' Lion Development Group and Marc Roberts Companies.

The tower is set to include 639 residential condo units, which will allow short-term rentals, along with a 30,000 square foot tri-level "experiential" entertainment and food hall. The tower is planned to rise 482 feet above ground, or 493 feet above sea level, as per a filing with the FAA in March.

In April, demolition permits to clear the site were approved by Miami's Building Department. The tower is expected to become an iconic landmark in Park West, offering residents an unparalleled living experience in the heart of Miami.

West Eleventh Residences is a testament to PMG's commitment to delivering high-quality projects that cater to the needs of modern buyers. The development offers an excellent investment opportunity, with prices starting in the mid-$400,000s.

The tower's prime location, exceptional amenities, and innovative design are attracting buyers who appreciate the vibrant culture and entertainment scene in Park West. With its strong sales and rapid progress, West Eleventh Residences is set to become one of the most sought-after residential towers in Miami.