A billion-dollar community will soon take shape along the Miami River, delivering more residential and commercial space to the trendy area.

Work will start next month on a 54-story rental apartment building on a four-acre corner at 275 SW Sixth St., next to José Martí Park, according to Jerry McDonald, president of the Plantation-based family-owned contracting firm G.T. McDonald Enterprises. The first tower will be completed in early 2025.