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
2 months ago

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

Happy
2 months ago

I agree with you.

Beautiful looking towers and project.

Juan
2 months ago

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

Melo is chad and sigma
2 months 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
2 months 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
2 months ago

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

Checo
2 months 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
2 months 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
2 months 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
2 months ago

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

Anonymous
2 months ago

So much density downtown!❤️❤️❤️

Spot On
2 months ago

And beyond, still many empty lots to be developed.

Anonymous
2 months ago

Including in Brickell around the metro and river.

Anon
2 months 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
2 months ago

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

Anonymous
2 months 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
2 months ago

Too bad it will because MDC owns it.

Checo
2 months 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
2 months ago

Any idea what they’re planning for it?

Anonymous
2 months ago

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

Anonymous
2 months ago

A university campus for this century please!

Casey
2 months ago

Downtown will be transformed over the next 5 years

Conno Sir
2 months ago

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

Brent from Miami Beach
2 months 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
2 months ago

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

Anon
2 months ago

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

Checo
2 months ago

Literally.

Anonymous
2 months ago

Too many blank walls and too much Parkin

Pleezzee
2 months ago

And too many critics like you…

Anonymous
2 months ago

Would you rather have a giant comic rainbow like Related?

Anonymous
2 months ago

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