Applications have been filed with the Federal Aviation Administration (FAA) for the construction of a 649-foot-tall building at 640 Northeast 34th Street in the Beverly Point sub-division of Edgewater, Miami. Located at the very end of the street, the interior lot fronts Biscayne Bay and bound by Hamilton On The Bay to the North and Bay Park Towers Condominiums to the South. The two coordinates listed in the applications correspond to a development site currently owned by Denver-based real estate developer Aimco, who also owns Hamilton On The Bay. In their Fall 2021 Investor Presentation, the developer told investors that they completed the purchase of additional properties beside their Hamilton on the Bay apartment tower, which combined will allow for 1.1 million square feet of new construction.