Foundation Permit Plan Approved For Pair Of 43-Story Mixed-Use Towers In Downtown Miami

Miami’s Building Department has approved a foundation permit for 222 (Namdar Towers), a 1.3-million-square-foot mixed-use development comprising two 43-story towers at 222 Northeast 1st Avenue in Downtown Miami. Designed by Behar Font & Partners with De Los Reyes Engineering, Inc. as the structural engineer and developed by Great Neck, New York-based Namdar Group, the development is planned to yield 1,394 residential units, 7,984 square feet of ground floor commercial space, 336 vehicles parking spaces, and racks for 1,394 bicycles. Witkin Hults + Partners is the landscape architect, TWR Engineers is the MEP engineer, and Grāef is the civil engineer.

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ANF Group Breaks Ground On Sol Vista At 11251 Caribbean Blvd. In Cutler Bay, Miami-Dade County

General Contractor ANF Group has broken ground on Sol Vista, an 8-story senior living community located at 11251 Caribbean Boulevard in Cutler Bay, Miami-Dade County. Designed by Burgos Lanza & Associates and developed by MRK Partners and Cypress Equity Investments, this 227-unit affordable housing development will offer apartments reserved for those aged 62 and older and those earning no more than 60% of the Area Median Income (AMI) or approximately $40,980 for one-person households and $46,800 for two-person households. The project is scheduled for completion in mid-2024.

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$43.2 Million Refinancing Loan Secured For Residential Development At 2835 Tigertail Avenue In Coconut Grove, Miami

Miami-based Terra and AB Asset Management have secured a $43.2 million refinancing loan for Residences in the Grove, a 148-unit residential building planned at 2835 Tigertail Avenue in the heart of Miami’s Coconut Grove neighborhood. The financing provided by the City National Bank of Florida and KS Finance Corporation will fund preliminary demolition and site work in preparation for the project’s groundbreaking. Construction of Residences in the Grove is estimated to get underway later this year, with completion slated for 2025.

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