1600 Edgewater: A 282-Unit Rental Tower in Miami's Omni District
1600 Edgewater is the kind of off-vertical project I track for clients buying condos nearby, because new rental supply is what actually moves a for-sale market. Foundation work began in August 2026 on a 33-story, roughly 384-foot tower at 1600 Northeast 2nd Avenue, developed by Sabet Group, designed by Kobi Karp Architecture and Interior Design, and built by GT McDonald Construction. It will yield 282 rental apartments, 262 market-rate and 20 reserved for households at or below 60 percent of area median income, plus 9,519 square feet of commercial space, 352 parking spaces, and a rooftop pool and restaurant, according to Florida YIMBY. The thing I flag for buyers is the name: it is marketed as Edgewater but it sits in the Arts and Entertainment District, historically Omni, just south of Edgewater proper, and that distinction matters when you are pulling comparable sales. Completion is anticipated in 2028. For independent buyer guidance in Edgewater or Omni, I am the contact.
A 33-story, 282-unit rental tower at 1600 NE 2nd Avenue in Miami's Arts and Entertainment District by Sabet Group, designed by Kobi Karp. Approximately 384 feet, 9,519 sq ft of commercial space, 352 parking spaces, rooftop pool and restaurant, completion anticipated 2028.
Foundation Work Started, and the Name Is Not the Neighborhood
"The thing I tell buyers about a project like this is to read the address, not the marketing name. 1600 Edgewater is a good building on a good corner, but it is in the Arts and Entertainment District, historically Omni, not in Edgewater. That matters in two directions. If you are buying a condo in Edgewater proper, this tower adds rental supply near you without being a comparable sale. And if a listing quotes you an Edgewater price on an Omni address, you should be asking why. I spend a lot of a buyer's attention on exactly this kind of boundary, because it is where people quietly overpay."Gerardo Gonzalez, Licensed Real Estate Agent, Compass
Foundation work is underway at 1600 Edgewater, a 33-story residential building of approximately 384 feet at 1600 Northeast 2nd Avenue, according to Florida YIMBY reporting on August 16, 2026. The project is developed by Sabet Group, designed by Kobi Karp Architecture and Interior Design, and built by GT McDonald Construction. It will yield 282 rental units, 9,519 square feet of commercial space and 352 parking spaces. Crews are working across the cleared property with drilling equipment and excavators following the demolition of the former low-rise structures, which marks the first major stage ahead of the reinforced concrete superstructure.
The unit breakdown is where this project differs from the Live Local towers going up nearby. The tower will contain 262 market-rate residences and 20 affordable units reserved for households earning at or below 60 percent of area median income, with apartments ranging from studios to one- and two-bedroom layouts. Twenty units out of 282 is a much smaller set-aside than a Live Local project, but the income ceiling is far lower at 60 percent of AMI rather than 140 percent, so the units that are restricted are restricted more deeply. Those are two different housing policies producing two different buildings, and it is worth knowing which one you are looking at.
The design places the tower on a multi-story podium with a predominantly dark gray and white exterior. The residential levels carry floor-to-ceiling glass, projecting balconies, rounded corners, and dark horizontal bands across the elevations. The upper portion adds setbacks and outdoor amenity areas, topping out in a rooftop pool and restaurant. The podium holds most of the 352 parking spaces, and commercial space is distributed through portions of the development including that rooftop restaurant.
Sabet Group acquired the roughly half-acre property for $14.3 million in late 2022, when it was occupied by low-rise commercial structures near the northeast corner of Northeast 16th Street and Northeast 2nd Avenue. The development was presented to Miami's Urban Development Review Board in March 2025, and The Real Deal reported the board approving it. Earlier plans called for 328 parking spaces and 6,615 square feet of commercial space, figures later increased to 352 and 9,519 respectively. Permitting has kept moving since design approval: site preparation, foundation and vertical construction permits are approved, while the master building permit covering nearly 500,000 square feet at an estimated value above $93 million remains under review.
One last point on geography, because it is the most useful thing on this page for a buyer. Although marketed as 1600 Edgewater, the property is located in Miami's Arts and Entertainment District, historically known as Omni, immediately south of the Edgewater neighborhood. The nearest Metromover stop is the School Board station along Northeast 15th Street. Completion is anticipated in 2028. This is a rental building and not a luxury for-sale condo, which is my core focus, but if you want to understand how supply like this fits a buying or investment plan in Edgewater, Omni or anywhere in South Florida, call me at 305-964-8614 or visit the contact page.
1600 Edgewater: The Omni District Setting
Sabet Group and Kobi Karp have not published project renderings on their own sites, so rather than reuse a photographer's copyrighted image we show licensed photographs of the Miami high-rise corridor this tower is joining. These are illustrative area photographs, not images of 1600 Edgewater.
Photographs are licensed stock images of Miami and South Florida used illustratively. They are not renderings or photographs of 1600 Edgewater. Renderings of the project have been published by Florida YIMBY credited to Kobi Karp Architecture and Interior Design.
What 1600 Edgewater Includes
Figures below are from Florida YIMBY reporting on August 16, 2026.
- Total Units282
- Market-Rate262
- Income-Restricted20 at ≤60% AMI
- Home TypesStudio, 1 and 2 bedroom
- Height33 stories
- Approx. Height384 feet
- PodiumMulti-story, holds most parking
- Upper LevelsSetbacks and outdoor amenity areas
- Commercial Space9,519 sq ft
- Parking352 spaces
- Earlier Plan6,615 sq ft and 328 spaces
- Master PermitNearly 500,000 sq ft, under review
Last verified August 2026. Program figures are from Florida YIMBY (August 16, 2026), with the March 2025 Urban Development Review Board approval reported by The Real Deal. Rents, floor plans and a leasing timeline are set by the developer and are subject to change. Contact us for the latest.
1600 NE 2nd Avenue: The Arts and Entertainment District
The site sits in Miami's Arts and Entertainment District, historically known as Omni, immediately south of Edgewater and north of Downtown. The nearest Metromover stop is the School Board station along Northeast 15th Street. Drive times below are approximate.
| Adrienne Arsht Center | 3 min |
| Edgewater | 4 min |
| Downtown Miami | 5 min |
| Wynwood | 6 min |
| Midtown Miami | 6 min |
| Miami Design District | 8 min |
| Brickell | 10 min |
| Miami Beach | 15 min |
| Miami International Airport | 15 min |
| Coconut Grove | 20 min |
Drive times are estimates and vary with traffic. Address and district confirmed by Florida YIMBY. For a full read on the area, contact Gerardo Gonzalez.
Sabet Group, Kobi Karp & GT McDonald Construction
Sabet Group acquired the roughly half-acre site at 1600 Northeast 2nd Avenue for $14.3 million in late 2022 and is developing the 33-story tower. Foundation work began in August 2026 after the demolition of the former low-rise commercial buildings on the property.
The Miami firm designed the tower, placing the residential levels on a multi-story podium with floor-to-ceiling glass, projecting balconies, rounded corners and dark horizontal banding, with setbacks and amenity terraces toward the top and a rooftop pool and restaurant.
GT McDonald Construction is the general contractor. Site preparation, foundation and vertical construction permits are approved; the master building permit covering nearly 500,000 square feet remains under review as of August 2026.
August 2026: Foundation Work Underway
Foundation work began at 1600 Edgewater in August 2026, according to Florida YIMBY (August 16, 2026). Crews are working across the cleared property with drilling equipment and excavators following the demolition of the former low-rise structures, the first major stage ahead of the reinforced concrete superstructure. Site preparation, foundation and vertical construction permits have been approved, while the master building permit covering nearly 500,000 square feet at an estimated value above $93 million remains under review. Completion is anticipated in 2028. Last verified August 2026.
1600 Edgewater: Frequently Asked Questions
1600 Edgewater sits outside my core luxury Miami condo focus, but I follow the projects that shape whole neighborhoods, including the new rental supply that moves Edgewater and Omni rents and values. If you are buying or selling anywhere in South Florida, I will give you a straight, independent answer.