Namdar 101 Proposes 1,344 Apartments in Downtown Miami
The Great Neck, New York-based Namdar Group seeks approval for a pair of 42-story towers on a 1.4-acre site.
Updated on Nov. 13, 2026 in Commercial
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Namdar Group has proposed Namdar 101, a project of 1,344 apartments in two 42-story towers at 101 Southeast First Avenue in downtown Miami. The site is currently home to the one-story, 95,000-square-foot Ultramont Mall.
Why it matters
The proposal would add a large volume of residential units to downtown Miami, replacing a single-story mall on a 1.4-acre parcel. Its review by the Miami Urban Development Review Board will shape how dense downtown redevelopment proceeds in the city.
The proposal includes 287 vehicular parking spaces and 1,347 bicycle parking spots, with Namdar having paid $40.5 million for a 1.3-acre downtown site in 2022. It is not yet known whether the Review Board will approve the plan at its upcoming vote.
The players
Namdar Group
Namdar Group is a Great Neck, New York-based real estate developer that has built and proposed projects in South Florida.
Miami Urban Development Review Board
The Miami Urban Development Review Board is the city body that reviews major development proposals and will vote on the Namdar 101 project.
The details
Namdar Group, based in Great Neck, New York, proposed the project, which would replace the Ultramont Mall at 101 Southeast First Avenue. The proposal was revealed through agenda records for a city board meeting, and Namdar is expected to purchase the property from its current owner.
Timeline
2022: Namdar paid $40.5 million for the downtown Miami site.
Last year (2025): Namdar completed the 43-story, 680-unit CMPND Miami and secured a $460 million debt.
Wednesday, November 2026: The Miami Urban Development Review Board will vote on the Namdar 101 project.
Roadmap
Namdar 101 follows the developer's completion of the 43-story, 680-unit CMPND Miami last year, extending a pattern of large residential towers in downtown Miami. The proposal's scale and its $460 million financing suggest the developer is continuing to pursue dense downtown redevelopment.
For downtown Miami residents, the project would add 1,344 apartments, including 398 studios, 802 one-bedrooms and 144 two-bedrooms, to the area's housing supply. Renters and prospective buyers should watch the review board vote, since its outcome determines whether these units are built.
The takeaway
A single downtown mall site is being considered for a dense residential development of more than 1,300 units, and the city review board's vote will decide whether the proposal moves forward.
What happens next
The Miami Urban Development Review Board is scheduled to vote on the Namdar 101 project at its Wednesday meeting in November 2026.
Further reading
For more on commercial property development across the region, explore Commercial coverage on Wisevoter.
Source note: This article includes information reported by The Real Deal New York.
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