Construction Permit Pending At Sold-Out 40-Story Downtown Miami Tower Without Parking

A construction permit application has been submitted to begin building 501 First, a 40-story downtown Miami condo tower planned without parking.

The project is planned to include 448 condos. All of them were sold by last August, the developer previously said, just a few months after sales launched.

Records show that a construction permit application was submitted on December 23, with the full plans uploaded on February 2. An expedited life and safety review was granted on February 15.

According to the construction permit filing, 501 First will include:

  • 448 residential units
  • 10,000 square feet of commercial

The total hard construction cost is estimated at $68,935,000.

A construction contractor is not yet attached to the permit.

There is also a demolition permit pending to clear a building dating back to 1924 from the site.

 

A 1924 building on the site set to be demolished:

(photo: Phillip Pessar)

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Robin Stan
5 months ago

Joe Carollo is gonna lose his mind.

Anonymous
5 months ago

Why? There is a huge parking lot next door. However, he is a jerck.

Not Anonymous
5 months ago

😂 He doesn’t have a mind.

Joe CARollo
5 months ago

Car is in the name fools

Anonymous
5 months ago

Sad to see this beautiful old building go, but also happy for this tower to come. This area is going to be amazing in a few years.

Anonymous
5 months ago

I wish they did what they do in NYC, which is to keep the original base and build on top.

Not Anonymous
5 months ago

I don’t think that building could handle that.

Anonymous
5 months ago

Usually the building is technically demolished, and the facade is veneered over new street-level construction.

Fern
5 months ago

Exactly that. Saw it in DC in December. They just hold up the face while they rebuild everthing inside

Anonymous
5 months ago

Half of South Beach buildings are done like that.

Not Anonymous
5 months ago

This building has a great design and view. The whole area could use more of these projects.

Melo is sigma and chad
5 months ago

Now if MDC could sell some of their priorities that would add greatly to this part of downtown. They have a surface lot where Loft III were suppose to go and about to get the fire station and still haven’t done nothing for the old state courthouse.

Anonymous
5 months ago

Federal courthouse. If city hall isn’t moved to the old county courthouse or the central library ends up redeveloped, it would make a great city hall or library respectively.

ML L
5 months ago

Love how everyone in here is just cheering on the insane increasing density of this city with no public transportation improvements. I’m all for beautiful skylines if a city can support it, but……not Miami. No reasonable transit at all. Horrific traffic already downtown. I’m looking to leave South Florida in next year for this rain alone.

ML L
5 months ago

“reason alone”

pork rinds
5 months ago

also the job market/economy is not sustainable for the pricing of the real estate market..putting the cart before the horse…so many of these builds are 1/3 occupied, the rest of the units being “money parkers” or airbnb…

Anonymous
5 months ago

Praying to the Shoup gods this happens

Conno Sir
5 months ago

Love this bldg. So elegant and urban without parking

CALIZUM
5 months ago

Numbers dont add up for 68 million at all and no contractor as if yet, hmm, fishy, no bueno.

gravy train
5 months ago

fishing for a flip???

Mia305
5 months ago

So they will have to pay for public parking?

Anonymous
5 months ago

Not enough commerical for a block that big.

Huge lobbies might look good but people prefer having local businesses they can actually go to.

The thing that pisses me off about most of these developers is that somehow they prioritize cool lobbies, completely redevelope a neighborhood, and then turn it into a deadzone where no one wants to live because there’s nothing to go to

I love Miami
5 months ago

Beautiful building – Great design

Gtfoh
5 months ago

Beautiful 100 year old building being demolished? Meanwhile there’s a million nasty buildings in Flagler street…

Anonymous
5 months ago

Half a million dollar condo, with no parking space.. OKEY.. LOL

Anonymous
5 months ago

Pray to God Corolla doesn’t demand an ugly Melo or Related-tier parking pedestal, making demolition of the historic structure in vain. As it is now is an acceptable sacrifice. Centro should have looked something like this instead of a clusterf**k cereal box.

Pajaro Nalgon
5 months ago

Is there no historical protection for this building????

Archimiami
5 months ago

$68M??

way to save on the permit fees, lol

Azure
5 months ago

$68million seems really low to build a building like this.
Does this a lot of ‘value engineering?’

Fern
5 months ago

Maybe the lack of parking has savings?

Anonymous
5 months ago

153k per unit construction cost that seems a bit inflated

Geronimo
5 months ago

No parking, ??

Pickles
5 months ago

Such a shame for that 1924 building. But at least something nice is going there.

gravy train
5 months ago

who needs parking when its destined to be airbnb’s and those “short term tenants” use uber

Paul
5 months ago

It has no additional parking but will be adjacent to a massive public parking garage that exists on the site.

Anonymous
5 months ago

Yeah but for how long

Scott
5 months ago

That’s not public parking. It’s student and faculty parking for MDC.

don shula
5 months ago

que triste bro