Namdar Towers Announced With 1,354 Apartments; Permitting Underway, Construction Financing Issued

Plans have been announced for a twin-tower apartment complex in downtown Miami called Namdar Towers.

Permitting for both vertical construction and demolition is already underway. The developer closed on the purchase of the property last week.

A $195 million loan to acquire the site and build Namdar Towers has also been issued, according to an August 25 press release from Scale Lending.

Scale said that Namdar Towers will have rental apartments, and will include twin towers with a combined 1,354 residential units:

  • 41 stories, 640 units
  • 43 stories, 714 units

The vertical construction permit application was created with Miami’s Building Department on June 15, with full plans submitted on August 1 and now under review.

The project will also have ground floor retail and five levels of parking, the permit states.

There are also several other permits now in review for the property, including for total demolition of buildings on the site, piling, site and soil work, and construction fencing.

John Moriarty & Associates of Florida is listed as the contractor for all of the construction and demolition permits, except for the fencing permit.

 

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Azarius
1 month ago

Great news on some much needed inventory, especially in this area of downtown. More density!!! And they are serious about building!

Anonymous
1 month ago

Love that the little historic hotel will be kept in the middle

EJS
1 month ago

I’m wondering if the hotel owners refused to sell, or it being saved as historic?

@#@
1 month ago

Really? It ruins the whole project IMO. Can you imagine the noise from construction on 3 sides of the hotel. It’ll never make it through it. These buildings are ugly.

Anonymous
1 month ago

Its a Hostel where you share rooms with random people. It’ll be fine

Anonymous
1 month ago

“These buildings are ugly”

Well, that hotel will go very nice between them.

Anonymous
1 month ago

I totally agree…first thing that came to mind

Him
1 month ago

I agree. I just wish they would make at least the street level portion of their building match the existing hotels design.

Anonymous
1 month ago

Well, be careful what you wish for, considering what parking podiums can look like in this city. The hotel’s facade has been altered way beyond its original appearance, but would certainly be something to see it restored.
http://scholar.library.miami.edu/miamidigital/search/allGalleryPages.php?IDtitle=196&objNo=000164&seqNo=0001&IDmainrecord=160

Anonymous
1 month ago

WOW! Thats gorgeous. Thanks so much for posting. I’m even more glad they are saving it now.

Anonymous
1 month ago

There’s nothing historic about it and its in the way of providing much needed inventory in downtown.

Anonymous
29 days ago

Um, it’s the height of the parking garage, so what net number of units?

MM305
1 month ago

Every room of that building is facing a wall now except the front. Maybe it should have just gotten torn down… not sure. Its a nice old-school building but it;s in a disaster of a spot.

Anonymous
1 month ago

What a waste of air rights in the core. Must be as stubborn as an old goat and now will have to endure 2 towers getting built on either side for years. I applaud these developers for just building around this non-historic roach motel to provide density in housing within the core and directly across MDC that’s sorely needed. Maybe the owner gets rattled out as the foundations get poured…

Anonymous
1 month ago

Same situation as the old man that refused to sell in the gables

Anonymous
1 month ago

Nonsense. It will become a boutique hotel, a coworking space, or something else and we will be glad to have this piece of history down the road. It adds interest to the streetwall, and the towers are still going up. Win Win Win all around.

Anonymous
1 month ago

Please… out with “uninteresting old” and in with the very modern looking new.

Anonymous
1 month ago

You “lets knock down history” types smh

Anonymous
30 days ago

You “let’s consider anything old in Miami – historic” types… give a break!

Anonymous
1 month ago

From the perspective of highest and best use that is nonesense…

Anonymous
1 month ago

History of what exactly? Poor construction code and material? Get real, this thing is taking up valuable air rights that could benefit hundreds of people…

Anonymous
30 days ago

I hope these people know that any structure the city tags as historic must be refurbished with money from the new owners.

Anonymous
1 month ago

LOL, MDC is a commuter school and they can’t afford this stuff.

Anonymous
1 month ago

As a former MDC student who has developed a decent career in finance for the past 15 years and is currently employed at one of the prevailing wall st firms, I’m proud to say that while I was at MDC, yes I was on food stamps, but don’t count these kids out. Anyway, that has nothing to do with why these building are being developed at this location whatsoever…

Anonymous
29 days ago

Wall St firms hire almost exclusively Ivy Leaguers…even Business grads from next-tier schools like Northwestern and Michigan have a hard time getting hired unless top 10% of class…hired out of MDCC to do something other than lick envelopes, no way unless your Uncle is a VP or higher.

Anonymous
1 month ago

Great way to start off a Monday TNM.

Anonymous
1 month ago

I remember reading about that parking lot being sold last year. Glad they are making good progress with it

Melo is sigma and chad
1 month ago

Needed infill, and MDC needs to sell their surface lots.

Pickle Rick
1 month ago

Nice design.

Anonymous
1 month ago

With the crowns/articulation at the top, and balance between the use of stone and glass, not bad at all.

Analyst
1 month ago

The name Namdar doesn’t flow…

Anonymous
1 month ago

So Related does?.. they’re related to what?

Anonymous
1 month ago

That’s the developers’ actual last name…

Pickle Rick
1 month ago

Nam-dar

Anonymous
1 month ago

It would be nice to see the old Pershing Hotel restored into a boutique hotel or something.

Giga chad Melo
1 month ago

No Pool? Where that old hotel is, is where developers place the pools and amenities decks.

Anonym
30 days ago

I think Behar Font is the Architect for this one.

Joe Blow
1 month ago

How many parking spaces for 1354 units?

Anonymous
1 month ago

Hopefully very few!

Someone That Knows
1 month ago

15… you’ll have to compete in a gladiator match to secure a spot lol

Yet Another Anonymous
1 month ago

Might be less than a thousand considering it says it’s only five stories each not 10 like many buildings.

Anonymous
30 days ago

Who cares?

Anonymous
1 month ago

I losing hope for Miami’s beauty, so many look likes buildings. Nothing new or with some design at the top or at the street level. SAD!!!

Anonymous
30 days ago

Take your money and show us how its done TIGER!