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
1 month ago

Joe Carollo is gonna lose his mind.

Anonymous
1 month ago

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

Not Anonymous
1 month ago

😂 He doesn’t have a mind.

Joe CARollo
1 month ago

Car is in the name fools

Anonymous
1 month 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
1 month ago

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

Not Anonymous
1 month ago

I don’t think that building could handle that.

Anonymous
1 month ago

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

Fern
1 month ago

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

Anonymous
1 month ago

Half of South Beach buildings are done like that.

Not Anonymous
1 month ago

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

Melo is sigma and chad
1 month 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
1 month 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
1 month 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
1 month ago

“reason alone”

pork rinds
23 days 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
1 month ago

Praying to the Shoup gods this happens

Conno Sir
1 month ago

Love this bldg. So elegant and urban without parking

CALIZUM
1 month ago

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

gravy train
25 days ago

fishing for a flip???

Mia305
1 month ago

So they will have to pay for public parking?

Anonymous
1 month 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
1 month ago

Beautiful building – Great design

Gtfoh
1 month ago

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

Anonymous
1 month ago

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

Anonymous
1 month 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
1 month ago

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

Archimiami
1 month ago

$68M??

way to save on the permit fees, lol

Azure
1 month ago

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

Fern
1 month ago

Maybe the lack of parking has savings?

Anonymous
1 month ago

153k per unit construction cost that seems a bit inflated

Geronimo
1 month ago

No parking, ??

Pickles
1 month ago

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

gravy train
25 days ago

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

Paul
1 month ago

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

Anonymous
1 month ago

Yeah but for how long

Scott
1 month ago

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

don shula
1 month ago

que triste bro