MIAMI-Developers have broken ground on Mint at Riverfront, a $150-million, 53-story condominium project on a seven-acre parcel within Riverfront West. The developer on the project is locally based Key International.

There are 530 units in the project, of which approximately 503 have been sold, Key International vice president Inigo Ardid tells GlobeSt.com. The project is located within a gated community on the Miami River. Prices ranged from the high $300,000s to more than $3 million. All of the units in Mint's sister project, the 45-story, 510-unit Ivy at Riverfront, have also been sold. Work on Ivy is progressing with completion anticipated in early 2008, Ardid says.

"The projects are right on the mouth of the river in Downtown Miami," Ardid says. "Those who purchased the units tend to be end users, those who work Downtown and want to live in the area."

Units in Mint 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. It is expected to be completed in early 2009. The architect on the project is locally based Luis Revuelta with Urbanica Group designing the interiors and locally based Fortune International is handling sales and marketing.

Key acquired this riverfront parcel in late 2003 for $18 million. 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.