Namdar's 714-Unit Downtown Miami Tower Pulls $110M Permit

A $110 million new-construction permit for Phase II of Namdar Group’s 222, also known as Namdar Towers, went active in Miami-Dade’s permit system on August 14, covering 714 units across 569,969 square feet at 50 NE 3rd St in Downtown Miami. It is one of the largest single residential permits pulled in the county this cycle, and with John Moriarty & Associates already named as general contractor on the project, the job is biddable now, not pending financing or design.

Why it matters

Permits of this size rarely clear the county’s system without a GC already lined up, and this one has one: John Moriarty & Associates, with Behar Font & Partners as architect of record, both named when vertical construction on Phase II began in March. For subcontractors and trade partners tracking Downtown Miami’s pipeline, a permit this large hitting the record with a GC already attached is the clearest signal in the market that bid packages are moving, not theoretical. The permit’s own applicant field lists 222 North Miami LLC, the project entity, rather than Namdar Group by name, a distinction worth noting for anyone verifying the filing directly.

The numbers

The permit carries a declared value of $110 million for 714 units and 569,969 square feet of new construction, filed under permit number 2026065099 and issued August 14. The county’s own record puts the building at 47 floors, resolving conflicting reports of 43 stories that circulated when vertical work on Phase II began earlier this year. Namdar secured a $460 million financing package in late 2025 split evenly between the two phases: a $230 million bridge loan for Phase I completion and lease-up, and a $230 million construction loan for Phase II, according to Florida YIMBY’s reporting on the project.

What’s next

With the permit active and a GC and architect already named, the next marker to watch is a formal groundbreaking or foundation notice for Phase II, which would confirm vertical work has moved from Phase I completion into the second tower. The project sits in Downtown Miami, where a run of large multifamily permits this cycle is giving developers and contractors a clearer read on where labor and materials demand is concentrating.