MIAMI-Key International will break ground this summer for Mint at Riverfront, a 56-story, 602-unit condominium on the seven-acre parcel within Riverfront West. This building is designed as a companion to Key's 45-story, 510-unit Ivy at Riverfront, which just broke ground 98% pre-sold.

Construction cost of Mint is estimated at $150 million, Inigo Ardid, VP of locally based Key, tells GlobeSt.com. "While the design integrates with neighboring Ivy," Ardid says, "it doesn't match it. The most significant design consideration is that neither building blocks the views from the other." Both buildings are designed by locally based architect, Luis Revuelta, and Fortune International is handling sales and marketing of Mint as it did for Ivy. "The name, Mint, like Ivy, is to reflect nature and greenery," Ardid says.

Residential units include one-, two- and three-bedroom layouts along with penthouses and riverfront townhouses. Sizes range from 755-sf one-bedroom units to penthouses of more than 2,000 sf. Prices begin in the low $300,000s and reach to $3 million.

Ardid is not concerned about a potential over-saturation of condos here. "I'm not concerned about this product in this location. We won't see prices like this here again, because of the rising cost of land." Key acquired this riverfront parcel in late 2003 for $18 million. "Today, the same piece would be four times that," he says. Mint has 800 linear feet of riverfront and, like Ivy, has access to the 5.5-mile river walk under way as part of the 18.5-acre Riverfront West redevelopment. Mint is scheduled for completion in summer 2009.