Namdar plans 1,300 downtown Miami rentals in two towers despite soft leasing

Namdar Group is pressing on with Miami multifamily development, proposing 1,344 apartments in one project, even though the market’s barely recovered from a yearslong oversupply.  The Great Neck, New York-based firm is proposing the “Namdar 101” project with a pair of 42-story towers on a 1.4-acre site at 101 Southeast First Avenue in downtown Miami, according to agenda records for a city board meeting.  The property is home to the one-story, 95,000-square-foot Ultramont Mall. It sits along the Metromover tracks, near the Miami Avenue and Southeast First Avenue/ Southeast Second Street stations.  Designed by Behar Font, Namdar 101 will consist […]

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