Namdar Towers Utilities Deal Signed – 1,400 New Apartments Coming To Downtown Miami

A giant new utilities agreement has just been recorded that will bring nearly 1,400 new apartments to downtown Miami.

The deal will allow for Namdar Towers to move forward with construction. Permitting is already underway for the project with Miami’s Building Department.

According to the utilities agreement recorded on January 13, Namdar Towers will include:

  • 1,394 apartments
  • 7,984 square feet of retail

Ephraim Namdar signed the deal on behalf of developing entities 50 North Miami LLC and 222 North Miami LLC, which have a North Great Neck New York address.

The connection fee is estimated at $1,301,083.65.

The project has obtained a $195 million acquisition and construction loan, according to an August press release.

The Namdar Towers project was submitted to the UDRB in October. Demolition and construction permits are in review by Miami’s Building Department,

The 43-story towers are being designed by Behar Font.

 



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Metro-Rich Miami
19 days ago

Great location and design for a highly anticipated metro-rich Miami.

Happy
19 days ago

I agree with you.

Beautiful looking towers and project.

Juan
18 days ago

I’m hoping Miami is as metro-rich as Boston by 2035 at least

Melo is chad and sigma
19 days ago

Glad they’re moving forward quickly, MDC needs to sell the lot where loft 3 was suppose to be. They have so much underutilized holdings.

Anonymous
19 days ago

MDC practically needs to sell everything they own downtown, and use the money to rebuild the aging Wolfson Center. Somebody else would utilize the old Federal Building and Freedom Tower better.

Checo
19 days ago

Needs!!!???
Are you guys on the Board of Directors or something? How are you SO certain of their needs?

Checo
19 days ago

Miami Dade College “Needs” to sell???? Oh my land!!!!
Are they hurting for cash or something???

My common sense tells me that colleges and universities are privy to the education will elevate you grift and they have big endowments to carry nearly any land carry cost burden.

If you know something, please let me know, there are a hundred smart developers who’d buy MDC’s lands very quickly.

Anonymous
18 days ago

We need better higher education campuses in Downtown – like several blocks of housing and event space for speakers with a huge park in the middle like Washington Square Park for NYU, this will spawn innovation (not posting about crypto non-stop).

Anonymous
19 days ago

That hotel owner must be regretting not selling out…pricing environment has weakened and now 2 yrs+ of heavy construction rattling you at a bare minimum. Watch out for a lawsuit saying the building was damaged due to the work…

Anonymous
19 days ago

IDK, it would a win-win to see than hotel restored to its 1920s appearance down the road.

Anonymous
19 days ago

So much density downtown!❤️❤️❤️

Spot On
19 days ago

And beyond, still many empty lots to be developed.

Anonymous
19 days ago

Including in Brickell around the metro and river.

Anon
19 days ago

Incredible addition to the center of the city. Will look amazing next to the Dyer Federal Courthouse, which is one of Miami’s most prized historical buildings.

Anon
19 days ago

Dyer is the MOST beautiful building in downtown ….neo classical at its finest….

Anonymous
19 days ago

Let’s hope they repurpose it into something great and don’t let it languish like so many of our other historic properties.

Anonymous
19 days ago

Too bad it will because MDC owns it.

Checo
19 days ago

I toured MDC recently and the money that they have spent remediating the mold and asbestos in the Dyer is beyond believe.

In short order, it will be a world class facility.

Anonymous
18 days ago

Any idea what they’re planning for it?

Anonymous
18 days ago

Hopefully a worldclass educational hun to train and educate our public to meet the demands of all these new office towers!

Anonymous
18 days ago

A university campus for this century please!

Casey
19 days ago

Downtown will be transformed over the next 5 years

Conno Sir
19 days ago

Love the design of these towers. It will compliment our skyline tremendously.

Brent from Miami Beach
17 days ago

For the amount of units. I’m assuming these apts will be 5-600 sq ft… where are these people getting this 3-4-5k for these little apts.

Anonymous
19 days ago

Looks like they are copying the kinetic garage covering from 830 Brickell

Anon
19 days ago

You do realize 830 Brickell copied the kinetic façade as well….? It’s on literally dozens of buildings worldwide.

Checo
19 days ago

Literally.

Anonymous
19 days ago

Too many blank walls and too much Parkin

Pleezzee
19 days ago

And too many critics like you…

Anonymous
19 days ago

Would you rather have a giant comic rainbow like Related?

Anonymous
18 days ago

Yes, more rainbows in Miami – rainbows = hope and prosperity.