Miami Dade’s Water and Sewer Department has agreed to provide utilities for additional units beyond what was originally planned for M-Tower, a 57-story residential building planned at 56 Southwest 1st Street in downtown Miami. The revised utility agreement, recorded in early July, now states the development will include 765 apartments, 4,708 square feet of retail, and 5,000 square feet of a full-service restaurant.
The Federal Aviation Administration (FAA) has approved permits for M-Tower, a mixed-use development planned for downtown Miami. The permits allow for a structure to reach 605 feet above ground or 615 feet above mean sea level. These permits were approved on July 2, 2024, and will expire on January 1, 2026.
Construction permits have been filed for M Tower, a 56-story mixed-use building planned for 56 Southwest 1st Street in Downtown Miami near the city’s Government Center district. Designed by Nichols Architects and developed by Great Neck, New York-based Lions Group NYC under the Downtown 1st Street LLC, development plans call for 507,071 square feet of residential space across 675 residential units 10,531 square feet of ground floor retail space, and 694 parking spaces. Naturalficial is the landscape architect, and Kimley-Horn is the civil engineer. Balfour Beatty Construction has been named the general contractor.
The development site of an already approved 53-story mixed-use building planned for Downtown Miami was recently sold to a prominent New York City developer. The two parties in the transaction are the seller Downtown 56 LLC, an affiliate of S2 Development, and the buyer Downtown 1st Street LLC, an affiliate of Long Island-based Lions Group NYC. The 16,718-square-foot site traded hands for $10 million, and that includes the addresses 56 Southwest 1st Street and 65 Southwest 2nd Street, including the air rights to the adjacent city-owned parking structure at 70 Southwest 1st Street. Lions Group NYC intends to follow through with the existing plans for the new building.