Miami-based Newgard Development Group, led by Harvey Hernandez, is planning to redevelop a massive 90,000-square-foot assemblage across the street from Brickell City Centre. According to the Miami Herald, the developer recently closed on the property for a staggering $50.75 million. The proposed project is named Lofty Brickell, and although it is unclear what exactly is planned for this development, we do know that it’ll may be a 35-story skyscraper oriented towards the short-term rental market. Owners will have the ease of renting out their units for vacation-length stays via online platforms such as Airbnb, Vrbo and Expedia. Arquitectonica is listed as the design architect on the official website for the property.