Revealed: 501 First Tower Planned In Downtown Miami With 448 Units

Revealed: 501 First Tower Planned In Downtown Miami With 448 Units


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Plans for yet another tower in downtown Miami have been quietly revealed by developer Aria Group, with marketing now underway.

The new tower is called 501 First.

It will include 448 residential units on levels 4 to 36 of the tower.

Prices start from the $300s, with studio, 1 and 2 bedroom units.

There will not be a parking garage (a giant Miami Dade College garage already exists next door).

Short term rentals will be allowed, and units will be delivered finished and furnished.

The top two floors of the tower will have a double-height indoor and outdoor amenity space, including a space called “Greenhouse,” a relaxing urban oasis featuring soothing greenery and plants year-round.

A rooftop pool is also planned. The lower floors of the building will feature a co-working space.

Aria is wrapping up construction of their Yotelpad tower nearby, which featured a similar concept allowing short term rentals and sold out quickly.

Other nearby projects featuring finished short-term units include Elleven, Natiivo and Legacy, all of which experienced rapid sales success.

The 501 First site was the sales center for Yotelpad, which was based out of a building dating back to 1924 that is set to be demolished.

Completion of the new tower is scheduled for the first quarter of 2023, marketing material states.

Revuelta is the architect, with interiors design by Shim Projects.

 

 

The 1924 building set to be demolished: