The Real Deal Miami

Downtown Miami to get new loft-style condo tower

March 27, 2013 11:00AM

Harvey Hernandez of Newgard Development Group

Newgard Development Group is planning a 36-story, 352-unit condominium tower at 151 SE First Street, in Miami’s Central Business District, the Miami Herald reported.

Harvey Hernandez, who helms Newgard, told the Herald he imagines, “very small units, very cool lofts, with a really nice restaurant on the ground floor.’’

The 0.42-acre site, next to the Gusman Center for the Performing Arts, is getting parking and setback requirements generally required by zoning for a new development waived by the city of Miami, the Herald said. [Miami Herald] –Guelda Voien