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Namdar Towers in Downtown Miami

Namdar Tower One in Downtown Miami Tops Off Construction

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Namdar Towers in Downtown Miami

Exciting developments are underway at Namdar Towers, as the first of its two striking 43-story towers has officially topped off. This milestone, announced by the project’s architect, Behar Font & Partners, signals significant progress for the ambitious development.

Upon completion, Namdar Towers will boast an impressive combined total of 1,394 residential units and 7,984 square feet of commercial space. The two towers, each rising to 43 stories, are set to redefine the local skyline, offering modern living spaces paired with retail opportunities.

  • First Tower: 680 apartments
  • Second Tower: 714 apartments (permits currently in progress)

Construction on the first tower began around April 2023 and has advanced rapidly, culminating in the recent topping-off. Meanwhile, preparations for the second tower are actively moving forward, with permitting already underway.

Namdar Towers is embracing a forward-thinking approach to urban development with its innovative parking solution. The project plans to provide just 336 parking spaces—equivalent to one space for every four residential units. This aligns with trends toward promoting walkability, public transit use, and alternative transportation options in urban centers.

As Namdar Towers continues to take shape, the project highlights the city’s evolution into a hub for modern architecture and high-density living. With the first tower nearing completion and preparations for the second tower advancing, Namdar Towers promises to become a premier destination for residents seeking a blend of luxury, convenience, and sustainability.

Namdar Towers Construction Update

Construction Update for Namdar Towers

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Namdar Towers in Downtown Miami

The recent approval of a phased vertical construction permit for Namdar Towers marks a significant development in the Miami real estate. This permit, green-lit on October 12 and issued the following day, sets in motion the construction of a prominent apartment tower in downtown Miami, a project initially proposed in October 2022.

This development is not just a construction project but a strategic investment opportunity. The first phase of construction includes a tower encompassing 680 multi-family rental units, complemented by 5,356 square feet of retail space and a substantial five-floor parking structure. While the main construction permit is still under review, the progress made indicates a strong potential for significant returns on investment.

Looking at the broader scope of the project, hedge fund managers should note the planned expansion to two 43-story towers, as per the UDRB filing. This expansion will further enhance the property’s value, offering a total of 1,394 apartments, 7,984 square feet of retail space, and 336 parking spaces. Such a large-scale development in a prime location like downtown Miami represents a lucrative opportunity for portfolio diversification and growth.

John Moriarty, a name associated with quality and reliability in construction, is the contractor on record for this permit. This association further underscores the project’s potential as a sound investment. For hedge fund managers seeking to expand their real estate holdings, this project offers a blend of scale, location, and quality, making it a noteworthy consideration for portfolio enhancement.