At 35 stories and 426 feet tall, the complex will be the tallestresidential structure in Central Florida and the second-tallestbuilding Downtown, next to the 35-story, 442-foot tall SunTrustCenter at 200 S. Orange Ave. City planning officials tellGlobeSt.com the Federal Aviation Administration still has toapprove the building's height since aircraft from OrlandoInternational Airport, 15 miles south of Downtown, fly overDowntown air space regularly.

The developers also have to close on their purchase of the1.7-acre site on the southwest corner of the Rosalind Avenue andRobinson Street intersection, across the street from the 13-story,200,000-sf Eola Park Center office building, owned by FloridaOffice Property Co., an affiliate of Chicago-based Jones LangLaSalle.

Downtown brokers familiar with central business district landprices say the 1.7-acre lot from owner Dr. Phillips Inc., thelargest private industrial landlord in the metro area, willprobably go for $1 million per acre or about $23 per sf.