Richard Lake, a partner in Roadside Development, which is developing the project, said the $330 million complex eventually will raise about $95 million from EB-5 investors and create 2,400 jobs.
Montauk Beach Development Company under direction of Carl G. Fisher is developing the project Montauk Beach and has no connection with Miami Shores.
Rose Associates is developing the project, which is scheduled to be completed in January 2000.
He is developing the project in partnership with Stuart Match Suna, a partner at Urban Metro Management in Long Island City.
Levine Builders of Douglaston, Queens, is developing the project with an affiliate of Vornado Realty Trust of Saddle Brook, N.J.
He is also offering membership on the board of University Research Associates, which is developing the project for the Department of Energy.
The Applied Development Company of Hoboken, N.J., is developing the project with Liberty Center Associates, a group of New Jersey and Florida investors who own the site.
All told, the Witkoff Group, which is developing the project, plans to create about 75 apartments in the slender shaft that telescopes up from the 27th floor.
"This has certainly been a long road," said Marge Schneider, a partner with Summit Landing, a limited partnership, which is developing the project.
By then, however, the office market had dried up and the Morris Companies, of Secaucus, N.J., which is developing the project, turned no retail.
