Multiplan received City of Miami approvals and a major special-use permit for two, 57-story twin towers - with 325 units to a tower - for the 5-acre plot in April 1998.
Multiplan had scaled down the height from 57 stories, he said, citing concerns about economic viability in regard to the additional floors and units.
The Multiplan affiliate then developed plans for the site, which were approved by the city after protests from neighboring landowners and developer Tibor Hollo, president of Florida East Coast Realty.