One West Twelve wins $95M permit to start Miami tower
The small-format for-sale bet on downtown's north edge is now cleared to build.
One West Twelve Residences, a 372-unit condo tower planned for the north edge of downtown Miami, has secured a $95 million building permit clearing it to start vertical construction, a signal that small-format for-sale product is still finding the capital to break ground while larger luxury towers stall.
Why it matters
The permit answers the timing question developers keep asking about Miami’s for-sale pipeline: which projects actually convert entitlements into steel. One West Twelve does it with an unusual product bet. Instead of oversized luxury units, the sponsors are building compact studios and one-bedrooms aimed at entry buyers and investors, a format that lowers the price point and widens the buyer pool in a market where affordability has thinned the top end. For anyone weighing what to build downtown, it is a live test of whether micro-unit ownership pencils at scale.
The numbers
City of Miami Building Department records show a $95 million new-construction permit, covering 484,560 square feet, issued July 7, 2026, with John Moriarty and Associates as general contractor (permit BD24018702001B001). The 23-story tower at 1129 NW 1st Court holds 372 residences of roughly 287 to 547 square feet, plus 4,892 square feet of retail and 819 parking spaces across eight levels. Cube3 is the architect, and the joint venture pairs PMG with Lion Development Group and LNDMRK Development. Delivery is targeted for 2028.
What’s next
With the vertical permit in hand, the venture can begin foundation and structural work at a Park West site near Miami Worldcenter, one of the fastest-densifying pockets of the urban core. The start extends a run of downtown-adjacent activity even as construction costs climb nationally. For a contrasting Miami Beach play built around ultra-low density, see Kolter’s North Beach assemblage, and track the market at the Miami hub.