A $60 million construction permit — the largest issued in South Florida for the week ending August 24, 2026 — covers 495,800 square feet at 606 West Flagler Street in Miami, a site situated near both the Miami River and Interstate 95 (I-95).
What is being built at 606 West Flagler Street?
The permit authorizes construction of a nearly half-million-square-foot development at 606 West Flagler Street in Miami's Downtown neighborhood, representing the single largest construction permit recorded across South Florida during the week ending August 24, 2026. The project's scale and location — steps from I-95 and the Miami River — signal a substantial addition to one of the city's most transit-adjacent corridors.
- Address: 606 West Flagler Street, Miami, near the Miami River and I-95
- Permit value: $60 million
- Total area permitted: 495,800 square feet
- Permit week ending: August 24, 2026
How does this site connect to a recent land deal?
The 606 West Flagler Street site overlaps with the Havana River Assemblage, a package of 11 contiguous parcels that commercial real estate firm Marcus & Millichap brokered in December for $13.3 million. That assemblage positioned the land as a prime development target, and the $60 million construction permit issued by August 2026 confirms the site has moved swiftly from acquisition to the building phase.
- Land deal: 11 contiguous parcels sold as the Havana River Assemblage
- Sale price: $13.3 million, brokered by Marcus & Millichap in December
- Overlap: The permitted construction footprint aligns with the assembled parcels
What other notable permits advanced in Miami that same week?
Beyond 606 West Flagler Street, the week ending August 24, 2026 also saw a remodel permit advance for Gymshark at 2050 North Miami Avenue in the Wynwood neighborhood. Gymshark, the British athletic apparel brand, has been expanding its physical retail footprint in the United States, and the Wynwood permit marks another step in that push within Miami.
- Gymshark remodel permit location: 2050 North Miami Avenue, Wynwood, Miami
- Permit type: Remodel
- Same permit week: Week ending August 24, 2026
Why does this development matter for Downtown Miami?
The 606 West Flagler Street permit represents one of the most significant construction authorizations Downtown Miami has seen in recent memory, both by dollar value and by square footage. The location near the Miami River and I-95 places the project at a crossroads of road, water, and potential transit connectivity, amplifying its potential impact on the surrounding urban fabric and the ongoing transformation of the western edge of Downtown Miami.
Original reporting on this permit was published by The Real Deal Miami.
