305-Unit Tower Pulls $60M Vertical Permit in Miami's Little Havana

Miami-Dade County issued a $60 million vertical construction permit on August 24 for a 26-story, 305-unit tower at 606 W Flagler St in Little Havana, according to the county’s own building permit record, which The American Developer tracks directly off Miami-Dade RER’s ArcGIS dataset.

Why it matters

An issued vertical permit, not a filed application, means construction financing has closed and framing work can start. Chang Construction Consulting LLC holds the contractor role, the one trackable name on a project otherwise routed through a single-purpose entity, 606 Flagler LLC. When Marcus & Millichap brokered the $13.25 million sale of the assembled site in December, the firm’s own release described the buyer only as “a local private investor,” with no company or principal named. Whoever is building it has not attached a public name to the project, but the permit itself says Miami’s west side is still absorbing new multifamily supply even with financing costs elevated.

The numbers

Permit 2026067103 covers 495,765 square feet across 26 floors and 305 units. That unit count is the second-highest among Miami-Dade building permits issued in the two weeks through August 24, behind only a 714-unit, $110 million permit at 50 NE 3rd St issued August 14, and its $60 million declared value ranks fifth in that same group, which also includes a $70.1 million, 173-unit permit at 5959 SW 71st St issued August 18. The site itself, an 11-parcel assemblage known as the Havana River Assemblage running from West Flagler Street to Southwest 1st Street, last traded for $13.25 million in December.

What’s next

With vertical financing closed and a contractor of record on file, the next verifiable marker is a foundation or structural permit tied to the same address. For developers pricing sites across the South Florida market, this permit is one more datapoint that downtown-adjacent multifamily is still clearing financing this cycle, name attached or not, and this newsroom will keep checking the county record rather than a press release for the next step.