Excavation work is underway at 601 Northeast 1st Avenue, the site of a 51-story mixed-use tower known as NATIIVO in Downtown Miami. Designed by Arquitectonica and developed by Sixth Street Miami Partners LLC, a company owned by the Galbut Family, the development will yield 932,859 square feet of residential, office, hotel and commercial spaces. Located just south of the Miami Worldcenter development, the site is bounded by Northeast 1st Avenue to the west, Northeast 6th Street to the south, Northeast 2nd Avenue to the east and Bezel at Miami Worldcenter to the north.
Recent photos show active foundation equipment from Malcolm Drilling Company Inc throughout the site; CAT excavators were moving patches of dirt around and a massive Malcolm pile driver was in use. The project officially broke ground back in February 2021, but up until now, activity was occurring at a very slow pace. According to iBuild Miami, it wasn’t until April 20th that the permits for excavation/piles/soil-improvement were initialized.
Sales are already underway with over 70% of the units sold at NATIIVO, which is expected to rise to an FAA-approved 588-feet and cost approximately $164,000,000 to build. The developer intends to target the homesharing industry with this project, as it is the first of its kind for Miami. According to the official website, “Natiivo Miami is a one-of-a-kind ownership experience with the luxuries, services, and amenities of a hotel — with the added flexibility to list on any homeshare platform as desired. Your homeshare advantage is fully supported by Natiivo Miami’s MasterHost who will facilitate the guest stay”. The new tower’s total floor area will be divided up in to 448 residential condos, 100 Gale hotel rooms and 140 Gale hotel-condo units, 127 Creative HQ office condos, 70,000 square feet of shared amenities by LDV Hospitality, and at the ground floor commercial spaces, a Bodega Taqueria and a Dolce Mercato. Urban Robot Associates is designing the interiors.
All construction photos taken by Skyalign.
Construction at site is expected to complete some time in 2023.