Sabet Group Starts Foundation Work on 1600 Edgewater in Omni

Sabet Group has moved 1600 Edgewater from paper to dirt. Foundation work is underway at 1600 NE 2nd Ave in Miami’s Arts & Entertainment District, with drilling equipment and excavators on site following demolition of the low-rise structures that previously occupied the parcel, according to Florida YIMBY. The 33-story tower, designed by Kobi Karp with GT McDonald Construction as general contractor, will rise roughly 384 feet and deliver 282 residential units, 262 at market rate and 20 set aside as affordable housing at 60% of area median income, along with 9,519 square feet of commercial space.

Why it matters

For general contractors and trade subs working the Omni corridor, a foundation pour is the milestone that turns an entitled site into a live jobsite with real subcontract volume behind it. Sabet Group acquired the land for $14.3 million in 2022, and the master building permit is now valued at more than $93 million, a figure that reflects the scale of vertical work about to move through the neighborhood’s contractor pool over the next two years. The affordable component, 20 units at 60% AMI, also keeps the project inside the density and incentive programs the city has used to unlock taller towers along the Omni waterfront.

The numbers

A direct query of Miami-Dade County’s own permit records confirms permit 2026051207, issued June 10, 2026 to owner-of-record 1600 NE 2nd Avenue LLC, listing 282 residential units across 33 floors, matching the figures reported for the project. Florida YIMBY separately reports the master permit value at more than $93 million, land basis at $14.3 million from a 2022 purchase, and 352 parking spaces. Completion is targeted for 2028.

What’s next

Watch for the foundation to progress into column and slab work over the coming months, and for follow-on trade permits at the address as GT McDonald mobilizes subcontractors for a job that will run into 2028. The project adds another data point to South Florida’s Arts & Entertainment District pipeline, where mixed-income towers are increasingly the path developers use to clear height and density review.