Caydon Property Group, based in Melbourne, is entering the Gold Coast market with an 18-story residential tower in Miami.

On the 1012sq m plot at 266 The Esplanade in Miami, opposite North Burleigh Beach, the apartment developer will construct 51 flats.

If the development application is accepted by the Gold Coast City Council, a 12-unit complex will be demolished to make room for the residential tower.

The building's facade will include 'fins,' which will mimic light refracting off wave peaks.

“The inclusion of ‘fins’ as architectural features and shading devices provides shade to key facades, while privacy is provided to eastern-facing balconies through balustrade screening around the landscaped planter beds,” the town planning report states.

“The building facade has been developed to host light fins representing the light rays over the ocean and how the rays rise and shadow falls.”

There will be 35 two-bedroom condos, 14 three-bedroom units, and two penthouse units available in the building.

The slim 18-story skyscraper adheres to the site's height restrictions and is in keeping with other nearby developments, including a planned 19-story tower on a nearby site that is now being considered by the council.

According to a town planning analysis by Zone Planning Group, the region was undergoing gentrification and urban redevelopment.

"The proposal provides a contemporary and sophisticated built form character for the Miami locality, making efficient use of the site while ensuring that amenity impacts on surrounding properties are mitigated through key orientation of balconies and habitable rooms within the proposed units,” the report stated.

“The building’s form responds to its beachfront environment, with articulation informed by the climatic orientation and architectural elements for privacy for its residential occupiers.

“The inclusion of ‘fins’ as architectural features and shading devices provides shade to key facades, while privacy is provided to eastern-facing balconies through balustrade screening around the landscaped planter beds across the south-eastern corner of the tower form.”

Four underground parking spaces, a social area and pool deck, and a private rooftop terrace for the penthouse are all part of the plan.

The tower's slim design contains a large amount of windows, with fins weaved over the face to offer screening.