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Sunday, October 2, 2022

Namdar Towers Announced With 1,354 Apartments; Permitting Underway, Construction Financing Issued – The Next Miami

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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