Contractors began demolishing a downtown Miami building this morning to make way for a new 40-story condo tower called 501 First, according to a photo and video taken by Ryan RC Rea.
The new condo tower will have 448 condos, 10,000 square feet of retail – and no parking garage.
A demolition permit was issued July 21, and phased permits for foundation and vertical construction are now in the review process.
The building currently being demolished is nearly 100 years old, completed in 1924.
The new tower is said to be sold out.
Beauchamp Construction is listed as the contractor on the demolition permit, as well as the phased foundation and vertical construction permits.
(photo: Ryan RC Rea)
The 1924 building on the site set to be demolished: