North Bay Village 7940 West Dr Gets a $100M Permit
Miami-Dade issued a $100M, 472,888 sf permit at 7940 West Dr on Nov. 5. The record lists 5 units and 1 floor, which does not match the scale.
- Source Briefing
- Public record
- Also reported by Florida YIMBY
Miami-Dade County issued a new-construction permit on Nov. 5 for 7940 West Dr, with a declared cost of $100 million. The applicant on the record is 7940 Nbv Partners LLC, and the county lists the contractor as “Owner.”
Why it matters
The address matches the site of a condo tower in North Bay Village, which Florida YIMBY reported was approved by the village commission as a 26-story, waterfront project from Riviera Horizons. A permit at this valuation is the clearest sign yet in the county record that the project is moving toward construction.
The news that moved today. Free email. Every weekday morning.
The permit entity is a single-purpose company, so the record alone does not name the sponsor. The link to Riviera Horizons comes from the press coverage of the approval, not from the permit.
The numbers
The county record shows:
- Permit 2027007607, issued Nov. 5, 2026, scope “New”
- Declared cost of $100,000,000, about $211 per square foot
- 472,888 square feet
- 5 units and 1 floor
- Use listed as multifamily, condo
- Contractor listed as “Owner”
Those fields do not agree with each other. A one-floor, five-unit building would not run to nearly half a million square feet, and the earlier reporting described a 26-story tower with far more units. The county’s unit and floor counts are most likely placeholders for a larger project, though the record itself does not say so.
What’s next
Watch for the plan-review and sub-permit trail on the same folio: foundation, structural and shell permits typically follow and carry the real floor and unit counts. Any revision to the 5-unit, 1-floor entry would settle the mismatch.
More on this part of the county is in our South Florida coverage.
More in Foreclosure & Distress News. See the upcoming commercial foreclosure auctions. Every South Florida foreclosure case, with the debt and the case file, is on the Deal Board.
On the record
Permit 2027007607 for 7940 West Dr was issued Nov. 5, 2026 with a declared cost of $100,000,000 and 472,888 sf, listing 5 units, 1 floor and contractor Owner.
Permit · miamidade.gov
Also reported by