40-Story Downtown Miami Tower Breaks Ground, Will Include 448 Condos

Construction is now officially under at downtown Miami’s 501 First.

A groundbreaking ceremony was held on December 13, according to a social media post by Oneworld Properties, which handled sales at the development.

The 40-story tower is unusual in that it is being built without a parking garage.

All 448 condos were sold out as of last year.

Aria Development Group and Aqarat are the developers.

 

A 1924 building on the site set to be demolished:

(photo: Phillip Pessar)