Construction Update for Namdar Towers in Downtown Miami
Namdar Towers are one step closer to breaking ground after receiving approval for a foundation permit on February 28. The permit will cover site and soil improvements, piles, and excavation with an estimated cost of $1.5 million. Permits that still require approval are for the tree and demolition permits.
In October, the Namdar Towers project was submitted to the UDRB. Miami's Building Department is currently reviewing permits for development and demolition.
A 41-story structure with 680 units and a 43-story building with 714 units would make up the proposed Namdar Towers, which would have combined square footage of more than 1.2 million.
This project is planned in 2 phases, the 41-story tower will be part of phase 1 while the 43-story tower will be part of phase 2.
Development Information:
- 1,394 units
- Pools
- Fitness center
- Bowling rooms
- Golf simulators
- Co-working space
- 7,984 sq. ft. of commercial space
- 336 parking spaces in a five-level garage
- 1,395 bicycle racks
The architect is identified as Behar Font with John Moriarty listed as the contractor.
According to its website, Namdar is a family-owned development company that was established in 1979. Ephraim Namdar, who has previously been named in media sources as the company's founder and CEO, is in charge of running the LLC that bought the Miami property.
If you or someone you know have an interest in purchasing at Namdar, please contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at (786)247-6332.
