Votes on tap: Namdar, Helm seize on Live Local Act with resi towers

Three developers with plans to add 1,600 multifamily units to Miami, including some workforce apartments through the Live Local Act, are headed to a city projects review board. Namdar Group and Helm Equities each propose a Live Local Act project, and Crescent Heights wants to continue its development in Edgewater. Miami’s Urban Development Review Board will vote on the projects on Wednesday.  The proposals show an unceasing bet on the Magic City’s rental market, despite a supply overhang that’s gripped South Florida over the past two years following record completions and a slowdown of the influx of out-of-staters. This has […]This article originally appeared on The Real Deal. Click here to read the full story.