Total demolition permits have been filed for 501 Northeast 1st Avenue in the Central Business District of Downtown Miami. Aria Development Group, who purchased the property in 2015 for $8.25 million, is planning to improve…
Just a month after the unveiling, Aria Development Group has submitted applications to the Urban Development Review Board seeking approvals for the construction of their upcoming 40-story tower known as 501 First Residences in Downtown Miami. Designed by renown architect Revuelta Architecture International with interiors by Shim Projects, the development is located at 501 Northeast 1st Avenue, at the south-western corner of the interior lot including the addresses 121 NE 5th St. and 515 NW 2st Ave. The tower is expected to yield 393,912 square feet, including 448 fully furnished luxury residential units and 3,127 square feet of commercial space.