Deepening the shipping channels will allow megaships to cross the expanded Panama Canal beginning mid-2015.
With 175 new residents coming to South Florida daily, it will take 70 new units per day to cover demand from new residents.
An Arquitectonica-designed proposal is slated to begin construction in 2014 on what is currently a parking lot behind Bayside Marketplace.
Companies including an online travel-search company, a manufacturer of mobile storage containers and a cancer treatment center – will contribute $26.12 million in new capital investment.
Private donors have given recent contributions totaling $8 million and Miami developer Craig Robins has pledged 102 works from his personal collection.