51-Story Downtown Miami Tower Reaches 100% Sold, Begins Vertical Construction

Downtown Miami’s 51-story Natiivo tower is now completely sold out, and vertical construction has commenced.

Sales at the tower surged this year as buyer interest in Miami has skyrocketed, with nearly 40% of the 448 condo units at Natiivo sold in the past six months alone.

The sales effort launched at Natiivo in September 2019. Groundbreaking took place in February 2021, when the developer said over 60% of units were sold. Another 50 units were sold between February and April of this year.

Natiivo will include:

  • 100 Gale hotel rooms
  • 140 Gale hotel-condo units (for sale)
  • 127 Creative HQ office condos
  • 448 residential condos
  • 70,000 square feet of amenities curated by LDV Hospitality
  • A ground-floor Italian market and restaurant called Dolce Mercato, and Bodega

Announcement of the sellout was made by Paulina Inostrosa, an in-house agent for the developer, who said she personally sold 45 units valued at $25 million.

Another similar tower nearby, the 50-story Legacy Miami Worldcenter, also reached sellout earlier this year and is now under construction. Also selling out earlier this year was the nearby E11EVEN Residences tower.

 

(photos: Ryan RC Rea)

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Anonymous
26 days ago

Impressive. Most impressive.

Anonymous
25 days ago

I live in Bangkok Thailand and read the TNM regularly since I bought a condo in downtown Miami. I have to say that I enjoy reading all the comments here more than TNM news. Thanks to all the smart and funny people who make their smart and funny comments here. Cheers to all.

Anonymous
26 days ago

Beautiful red brick

Anonymous
26 days ago

Wow. These are selling before even being built😱 What’s next? A developers thinks of a tower and it instantaneously sells?

Anonymous
26 days ago

Look at the 11 condo

Anonymous
26 days ago

I love this tower.
Brick facade will give it a striking contrast…

Anonymous
26 days ago

Would’ve been so cool if the entire facade was brick and not just the podium.

Anonymous
26 days ago

Yep, and had a nice crown.

Anonymous
26 days ago

Outstanding. Miami naysayers take a seat. 🙂

Anonymous
26 days ago

So many Miami naysayers love to inhabit the TNM comments sections. It’s actually funny, because they have to invent things to nay-say about. If Miami were to become a literal utopia they’d find something to whine about.

Realtalk Reilly
26 days ago

Miami Naysayers are often Miami natives or longtime residents who moved away, and are desperately trying to convince themselves and everyone else that they made the right choice.

Guess what? They didn’t!

miami
21 days ago

But, real estate is an investment I have a best friend who bought a condo at pre-construction at 500 Brickell back in (like) 2005 and the price he paid for it back then is what the listings would be now- He already has replaced floors and AHU and rents it out with maintenance+taxes….its makes him NO MONEY.
Then, take into effect there is year to year inflation.
Very bad investment for him.
He is a NYer who thought he was on the Miami condo boom wave. Not a good move.
We love real estate but there are smart ways to make your money work for you.

Anonymous
20 days ago

Units in my oceanfront building are selling for their 2006 prices. 15 years of zero appreciation, coupled with a few 5 figure special assessments. But hey, Miami Winning or something.

Anonymous
26 days ago

the only person you can count on not doing nothing is mana, idk why they label every project a no. Even that mega tower in west brickell is going up.

Anonymous
26 days ago

I love this area. I just moved from Brickell to downtown and I love it. I pay a lot less and I got water views!

eymay
26 days ago

What ever happened to E11even tower? Anyone have an update?

Anonymous
26 days ago

Thinking the same thing. and Waldorf Astoria

Anonymous
25 days ago

We’ve had updates on waldorf recently. Early August demolition permits were filed and last week we learned about a park the developers are gonna make out front of the building

NYC Loves Miami
25 days ago

Don’t worry it’s gonna happen. E11, Waldorf, Legacy, etc, etc… I’m about to push my chips ALL IN!!! I’m on my way Miami. Just don’t have a cat 5 before I get there baby!

Anonymous
25 days ago

“Just don’t have a cat 5 before I get there baby!”

So people in Miami control the weather?

Azarius
26 days ago

We should be seeing more developments launched in this area in the school board area

Anonymous
26 days ago

There’s a project that TNM just posted about on NE 1st Ave on the intersection of and NE 5th or NE 6th street (forgot which exactly).

Realtalk Reilly
26 days ago

Don’t worry, whatever it was, wait a couple days and they’ll post another article about it.

Anonymous
25 days ago

😂

Anonymous
26 days ago

501 first……new tower on corner 5 street and 1st ave n e

Anonymous
26 days ago

Downtown will be the best location in town!!

Anonymous
25 days ago

It already is

Anonymous
26 days ago

Unlike other towers, views to the bay will properly not be obstructed in the next decade. The East it has the Freedom Tower (not really going anywhere), the south (MDC parking garage– standing) and the MDC Parking lot(No construction activity for the next few years).

Carebear
26 days ago

There is an empty lot behind the Freedom Tower that might get built on.

Anonymous
26 days ago

That should developed into space for the freedom tower’s visitors.

Anonymous
26 days ago

What space for Freedom Tower’s visitors? The building is a museum with plenty of space underutilized by MDC. Frankly, they should sell it but that’s a different story.

Anonymous
26 days ago

What? I wanted to buy one and these sold before I even gave it a try. Bummer.

Anonymous
26 days ago

You can buy a resale!

Anonymous
21 days ago

Does anyone verify these %? The only reason I ask is because I bought in a building that was apparently 95% sold and years later there are plenty of empty units and units held by the developer.

Anonymous
21 days ago

Which building?

miami
21 days ago

Yes. I believe that hype is a real thing and anything a realtor tells you is to be verified. They are not the brightest bulbs in the chandelier but they do have the best rides (since its all show).

Anonymous
26 days ago

Miami Dade College needs to tear down that parking garage and put a building there. They can retain the same parking space and monetize on the building.

Anonymous
26 days ago

True but there’s still plenty of other empty lots I’d rather see development on like everything between Marina Blue and the Society building from 5th to 8th street on Biscayne. Wish Okan could buy one of those properties, sell their current one and build what they wanted there with waterfront views!

Anonymous
26 days ago

Mana doing anything with his property is more likely than MDC.

Anonymous
26 days ago

so where is everyone going to park while its being built

NYC Loves Miami
25 days ago

Why doesn’t Mana get in on the action!!?? You missing out bro!

Anonymous
25 days ago

He goes by they/them/broette

Anonymous
26 days ago

Geez, at least this developer could’ve smooth out the look of tower by at least building something fake next to that cooling station and continuing it to the other end on the top of this building.

Anonymous
26 days ago

There is going to be alot of foot traffic for world city because of this, downtown 5 and the proposed garage less tower next to the MDC garage

Realtalk Reilly
26 days ago

The building is okay, nothing special. I don’t like its place in the skyline, though.

An opportunity was missed to do a design that was innovative in its own right but also formed a complementary backdrop framing the beautiful Freedom Tower directly in front of it. Instead, when viewing the increasingly-stunning Miami skyline from it’s “good side,” looking west from the Beach, the Freedom Tower will be lost in front of this slab with its stark horizontal lines.

Anonymous
25 days ago

“slab with its stark horizontal lines”

lol…

Anonymous
24 days ago

Where is the guy who comments “Miami Winning” all the time ? Waiting for your “Miami Winning” comment.

Anonymous
22 days ago

I guess Miami already won so no point of saying “winning”😅

Anonymous
20 days ago

Iconic