Fernando Romero, principal architect at Mexican design firm FR-EE, has unveiled designs for a new Latin American Art Museum (LAAM) to be built in Miami, Florida.

Plans for the US$50m (€40.4m, £31.9m) LAAM were revealed during Art Basel and Design Miami at the start of December 2014. Split over four levels and covering 8,361sq m (90,000sq ft), the ground floor will be used to showcase emerging artists and provide a space that contemporary Latin American art can be seen and interacted with.

There will be space for temporary exhibitions and the LAAM’s permanent collections will be on view on the second floor. Gary Nader, a Miami-based art collector is behind the new LAAM.

To help pay for the development, the Museum will be woven into a residential tower where it will act as the main entrance and access point for 111 proposed apartments. A wider residential development is also on the cards.

In a statement from FR-EE, the design of the building has been “inspired by the different sections of the urban composite of Miami, whose outline give shape to each of the four levels.” External and internal staircases allow ease of access and terraces will be used to create sculptural gardens. A shop and a cafe will also be woven into the design.

Scheduled to open in early 2016, Nader's museum will be hot on the heels of the newly formed Institute of Contemporary Art Miami (ICA Miami), which is set to open around the same time.